Profit plummets by 42 per cent at Morgan Cole

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  • If you think that is bad, wait until the loss of revenue from the last remaining MC insurance teams kicks in ... it could yet get worse.

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  • But BT have pulled out of "merger talks", leaving MC and BL to figure out if they can add anything to one another, which I doubt.

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  • I agree. What can Blake Lapthorn possibly gain from Morgan Cole when the latter appear to be simply looking to off-loan their Thames Valley office overheads and to shack-up with another firm (probably any firm) - there is no real business case here ie. no gains to be made in terms of sectors.

    Both firms have really poor financials and Morgan Cole is poised to slide further on the back of the last insurance teams departing. Better to give them another 6 to 12 months to go to the wall, and then pick off the lawyers you may want a la carte.

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