Hodges defends merits of network model following 2013 earnings slump
Towergate boss Mark Hodges has denied appetite for networks is dwindling and has tipped his own network division to bounce back this year in the wake of an almost 50% decline in earnings in 2013.
Contributing in part to a 7% decline in group-wide operating earnings, Towergate's Broker Network saw earnings fall 42% to £6.1m last year (2012: £10.6m), while income fell 22% to £14.5m (2012: £18.6m
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