Willis Towers Watson posts 50% fall in profits
Revenues rise by 5% to $7.9bn as restructuring and integration costs bite.
Willis Towers Watson has reported a profit of $312m [£250m] for 2016, down 51% from $640m in the previous year.
For the final quarter of the year profit dropped to $34m (Q4 2015: $66m).
The business was created in January last year when Willis merged with Towers Watson.
The firm noted that it faced restructuring costs pre-tax of $78m and of $60m for integration expenses for the final quarter of the year.
Over all of 2016 it was hit by pre-tax $193m of restructuring costs and $177m of integration
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