Moat vows to return aggregator to profit after £1 buy

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Fairpoint Group chief executive Chris Moat has vowed to return Money Extra to profit by the end of the year, after acquiring the troubled aggregator for just £1.

The debt solutions business completed the purchase of Money Extra last week, with the aggregator reporting an operating loss of £1m in the 19-month period to 31 September 2009.

Mr Moat told Post: "In

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