Broker Direct records loss of £1.8m after six months of trading.

Broker Direct made an operating loss of nearly £1.8m for the year
ending 31 December 1997, which it says was "due primarily to start-up
costs". The company started trading in July 1997.

In the report and accounts for last year, Broker Direct chairman Andrew
Paddick says that the premium income for 1997 was "well below that in the
business plan and, as a result, the company was forced to review and
re-budget its operations".

He blamed the poor result on the soft market conditions and problems with

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