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AWD plc grows by 7.7 per cent in 2004

AWD Holding AG announces revenue of 22.8 per cent during 2004 to 473.4m.

Operating profit was boosted by 29.5 per cent to 49.3m, net profit increased by 38.9 per cent to 34.3b and earnings per share reached a record level of approximately 0.90, up by 38.9 per cent.

The UK-arm of the German group, AWD plc grew by 7.7 per cent to 64.8m during 2004.

AWD plc chief executive Douglas Gardner says: “Here is the UK our strong network of regional offices has made a fundamental contribution to this group-wide success. It also provides a strong foundation for growth in 2005, particularly in respect of AWD Holding’s acquisition of Chase de Vere Financial Solutions plc in March this year.”


L&G pays 139m in compensation

Legal & General has paid out 139m to settle pension and endowment misselling compensation claims. The figure includes the cost of its pension and endowment sales reviews and related admin costs.

Burgesses launches loan protection scheme

Specialist broker Burgesses introduces a montly lona protection policy.The Association of British Insurers says loan protection sales are running at a rate of over 1,000 an hour and lenders are raking in an astonishing 8 billion a year in commission. Burgesses managing director Simon Burgess says: “Increasing borrowers debts with front loaded and excessively priced […]

Tep firm Shepherds closes down

Boutique fund manager Shepherds (Financial) Limited has closed its London office and ceased trading.


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