JLT expects only "modest improvement" in 2006
Jardine Lloyd Thompson today admitted it only expected a “modest improvement” in group fortunes during 2006 as it reported lower profits for the year ended 31 December 2005. Fees and commissions climbed to £484.4m (2004: £468.1m), while profit before tax dropped to £73.8m (2004: £85.0m).
Ken Carter, chairman, commented: "We said last year that we believed 2005 would be a challenging year and so it proved to be. In our Risk & Insurance operation many businesses performed well but the
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