Diversification boosts R&Q profits
Randall and Quilter (R&Q) has booked a first-half gross profit of £5.8mn, up from £1.2mn a year earlier, on good investment returns and diversification into new business lines.
The expansive legacy and live market service provider's total income was up 52 percent to £16.1mn, driven by strong half-year profits of £3.6mn in the growing insurance services division against £1.9mn in H1 2009.
The London market firm also unveiled a capital return of £1.6mn, worth 2.9 pence and equivalent to 3.2...
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