Integration costs force AJ Gallagher into the red
Arthur J Gallagher UK has reported an unconsolidated loss before tax of £2.8m for the year end 31 December 2011, compared to a profit of £4m profit for the same period last year.
The loss has been attributed to the integration of costs of acquisitions from which the company expects to achieve annual cost synergies going forward.
The operating loss decreased from a profit of
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