Easter quits Honister as advisory units post losses

Easter's exit comes as the group announces its advisory businesses - Sage Financial Services, Burns-Anderson and Honister Partners (formerly Bates Investment Services) - delivered a combined loss of £710,000 in the six months to 31 March. Direct-to-consumer proposition Willis Owen made a profit of £1.12m, meaning the group posted an operating profit of £468,000 in the period, from more than £52m worth of income. In the corresponding period last year, Honister's advisory businesses contributed more than £1m to total group profits of £2.2m. "During the last six months, we have seen t...