Towergate reports £58m first half loss
Towergate's operating earnings decreased by 40% to £39m (H1 2014: £65m) for the six months ended 30 June 2015 alongside a 10% drop in revenues to £184m for the period.
Profit before tax at the consolidator fell from £15m in the first half of 2014 to a loss of £58m this year and operating cash flow dropped by 72% to £12m (H1 2014: £43m).
The business delivered an
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