Park Row bemoans 'turbulent' market after £1.6m loss

The firm, which also says income was £1.3m below budget at £7.4m, blames the “turbulence” in the mortgage and investment markets for depressed consumer demand for products. However, Park Row, acquired by Royal Liver in 2003, says it has managed to save at least £1m in branch costs since reducing the number of its regional offices from 24 to seven at the tail end of last year. Elsewhere, progress from Royal Liver, the company’s online protection offering, reports a 27% jump in new business volumes compared with the first half of 2007 and says new business allowances are 42% ahead of budget...