BGL: no plans to float as pre-tax profits increase

Peter Winslow BGL

BGL Group chief executive Peter Winslow has stressed the intermediary still has no plans to seek private equity backing or float, despite noises from rivals including Hastings Direct.

Mr Winslow, speaking to Post as the group recorded a pre-tax profit of £62m for the year ended 30 June 2010 (2009: £54m), said the company was "cash generative" and will not look to make

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