Towergate trading update reveals further income falls
Troubled consolidator warns of delays on insurer deals.
Towergate has revealed that overall income for October and November fell by 4% compared with the same period of 2013 as income from acquisitions only partly offset the decline in organic income.
Organic income for the months of October and November was described as being "broadly (within 1%) the same level of year on year decline as experienced in the third quarter".
The company said the reduction mainly reflected the ongoing impact of the broking change programme.
Greater decline
However the
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