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21 May 2012

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CTC shares slump 11% on profits warning

23 January 2012

The share price of Charles Taylor Consulting (CTC) fell 11 percent this morning (23 January) after the (re)insurance service provider and run-off acquirer said full year results will be at the "lower end" of expectations.

Higher fourth quarter costs in its management services business and a quieter end to the year in adjusting services had caused a drag on results, the firm said.

The listed firm made a statement on the London Stock Exchange before entering the close period ahead...

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