CHARLES TAYLOR PLC BALANCES FIRST HALF RESULTS

Charles Taylor Plc has announced a 1.2% increase in revenue to £56.8m during the first half of 2014. The firm said its professional services business helped offset declining revenue from its adjusting services, down from £28.3m last year to £26.4m, which the company attributed to a benign claims environment. Profit before tax stood at £4.1m for the first six months of the year against £4.5m last year at a constant exchange rate. The group said it has spent the first half of this year implementing new initiatives to position itself for the global economic recovery, including the recruitment of senior staff and the acquisition of Knowles Loss Adjusters in March.