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Erinaceous Group sees broking revenue fall in 2005

The Erinaceous Group's insurance services division delivered a "relatively modest" 3% organic growth in profit in 2005. Total divisional revenue for 2005 was 22.4m pounds representing a fall of 2% compared to pro-forma 2004 after acquisitions are excluded.

In a statement it said: "As a result of cost reductions the division nevertheless achieved profit growth for 2005 of 11.3m pounds compared to pro-forma 2004 of 10.6m pounds. Divisional operating

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