Willis blames restructuring for profits fall
Willis has reported its net income for the six months to June 30, 2011 was $119m down from $293m in the same period a year ago, which the broker is mainly attributing to restructuring costs of $115m.
Gross revenues were reported as $1871m, up 6% compared with $1771m for the same period last year.
The broker said organic growth in commissions and fees was 3%. This growth reflected net new business
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