Failed Cox merger blamed for Highway profit creep
Motor insurer Highway has reported pre-tax profits of £4.9 million for the six months ended 30 June 2004, up £0.2 million on the same period last year.
In a statement the insurer said results would have been more positive had it not had to account for £1.6 million in exceptional costs – £0.8 million in due diligence on the aborted Cox transaction andOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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