Willis international results affected by weak UK market
In its first quarter results for 2010 Willis Group reported a net income from continuing operations for the first quarter of 2010 of $204m (£134m) compared with $192m last year.
Total reported revenues for the first quarter of 2010 were $972m (2009: $930m) while total commissions and fees were $963m, an increase of 5% from $915m reported in the first quarter of 2009.
Foreign currency movements increased reported commissions and fees by 3% compared with the same period a year ago. Investment income was $9m in the first quarter of 2010 compared with $13m in the first quarter of 2009, a decline of 31%, which Willis principally put down to lower interest rates.
The North
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