Giles rebuffs claim that growth dependent on acquisitions
Giles Insurance Brokers has stated its growth "does not depend on acquisitions" as it recorded an operating loss of £6.5m (2009: £8.4m profit) for the year ended August 2010.
This included the cost of integrating prior acquisitions to the tune of £2.88m (2009: £2.72m). According to accounts filed last week with Companies House, the consolidator was also hit by net group
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