Profits up on Marsh’s sales

City A.M. Reporter
MARSH & McLennan’s said yesterday its fourth-quarter profit rose two per cent, helped by growth in its core insurance business.

The insurance broker reported a profit of $259m (£165.4m), or 47 cents per share, up from $256m, or 46 cents per share, a year earlier.

Revenue at Marsh, the company’s main insurance business, grew four per cent to $1.42bn.