B&B to boost IFA numbers by 30%

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Reporting interim results today, Bradford & Bingley said it would boost the number of IFAs working u...

Reporting interim results today, Bradford & Bingley said it would boost the number of IFAs working under it's The Marketplace and Charcol brands by 30% to 1,300 by the end of 2004. This company hit the target of 1,000 IFAs 18 months ahead of schedule, and it continued to reduce its distribution business operating costs, resulting in pre-tax profit from this part of its group operations up nearly 40% to £14.7m from £10.6m during the same six-month period last year. Regarding the outlook for the rest of 2002, B&B says markets are likely to remain tough, but says it is confident ...

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