Half-year revenue falls at Marsh

Dan Glaser Marsh

Broking giant hit by negative foreign exchange movements.

Marsh & McLennan Companies has reported a 3% rise in post-tax profits to $901m [£577.7m] for the first half of 2015.

Revenue at the firm slipped to $6.44bn (H1 2014: $6.56bn) while operating income increased to £1.36bn (H1 2014: $1.32bn).

A breakdown of the figures showed that Marsh itself posted a 1% fall in revenue to $2.9bn although underlying revenue rose by 3% and currency impacted negatively by 7%.

Negative impact
In Marsh's Europe, Middle East and Asia division revenue ticked down by 8% to

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