Profits down at JLT in 2016
Group revenue grows by 9% to £1.26bn.
Jardine Lloyd Thompson (JLT) has posted a 13% fall in pre-tax profit to £134.9m for the year ended 31 December 2016.
The broker flagged that it had been hit by £37.7m of exceptional costs during the year.
It listed this as being driven by £21.1m of net costs for a litigation settlement - it closed a court case with Willis in April - some £13.9m of restructuring costs in its UK Employee Benefit business; £1.2m of acquisition and related costs; and a £1.6m loss mainly on the disposal of a business
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