Broking Break: Your top five of the week

A dog reading the Daily Dog

It has been a week of finance related stories with two high profile acquisitions and three sets of company accounts making up the top five.

5) Simply Business posts climbing profits for the year before Travelers takeover

 

Xbridge, which trades as Simply Business, has reported profit after tax of £6.43m for the year ended 31 December 2016, a 53% rise on the previous year.

The figures in a filing at Companies House showed that the firm also delivered a 26% increase in turnover to £48.0m (2015: £38.1m).

Operating profit grew by 47% to £7.36m from £5.02m in 2015.

 

 

 

 

4) Profits up at SEIB

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

GIC completes Miller deal

Institutional investor GIC has completed the takeover of Miller, buying out previous co-investor private equity house Cinven.

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