Towergate returns to Ebitda growth

UK broking group Towergate 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 the improvement in underlying profitability had
been driven by strong cost control and stabilising income.
Third quarter income fell 4.8 percent to £80.8mn. Revenue
decline slowed against the backdrop of challenging market
conditions, supported by improvements in staff retent