Government budget cuts impacting UK, claims THB
THB group chief executive Frank Murphy has said that the sale of the majority of underwriting agency Unicorn and recessionary pressures accounted for the broker's UK business making a loss.
In interim results for the six months ended 30 April 2010 THB revealed its UK arm made an operating loss of £165 000, compared with £377 000 profit in the same period six months previously.
Profit
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