Brightside slashes 2013 forecast by 20%

Taking an axe to budgets

Brightside Group has reduced its 2013 earnings estimate by approximately 20% after further capacity restrictions in the fourth quarter of 2013 adversely affected the broker’s online business.

"As a result of these further capacity restrictions the online business has experienced a reduction in the level of policies transacted when compared to Q3 2013 volumes," the firm said in a statement

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