CBG reacts to drop in profits with rebrand
CBG is to undergo a “total rebrand” and change of chairman after posting a reduced profit for 2009. The Manchester-based broking group saw adjusted pre-tax profits halve to £1.02m (2008: £2.46m) while revenue fell to £8.96m in 2009 (2008: £11.15m).
The broker also confirmed Laurie Turnbull has stepped down after five years as chairman to be replaced by Robin Slinger, formerly non-executive director, with immediate effect.
Managing director Mike
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