Charles Taylor warns on profit

Insurance consultancy Charles Taylor Consulting warned yesterday full-year earnings would miss earlier estimates, after its first half was hit partly by weak public sector business, sending its shares down 22.5 per cent. For the six months ended 30 June, the company posted a nearly flat pre-tax profit of £5.7m.
Adjusted pre-tax profit was down one per cent to £6.8m. Revenue rose six per cent to £48.4m.