Axa 'happy' with Bluefin after £62m write-down

The impairment charge contributed to losses after tax of £64m in 2009 following a £41m loss the previous year, when a £40m impairment charge was incurred. Bluefin said the write-down was "fully anticipated" and represents the final step in the restructure of Bluefin Private Clients, now Bluefin Wealth Management. Parent company Axa said its investment in the company, which it bought in 2006 as Thinc Destini, was "proceeding satisfactorily". "We are happy with the investment we have made in Bluefin Advisory Services, [which has] significantly restructured to ensure it is best placed...