Towergate posts positive Ebitda growth in Q3

Towergate today posted a 5.9 percent increase in adjusted Ebitda to
£19.4mn ($24.0mn) in Q3, its first quarter of positive
year-on-year growth since its financial restructuring in 2015.
Towergate said improvement in underlying profitability had been
driven by strong cost control and stabilising income, as the
results of its restructuring started to bear fruit.
Third-quarter income fell 4.8 percent to £80.8mn. Revenue
decline had slowed against the backdrop of challenging market
condi