DAC Beachcroft posts £163m turnover in first post-merger results

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  • And yet still no pay rise for staff, even though the partners are doing very well for themselves!
    DAC Beachcroft have told staff that year on year inflation linked pay rises are a thing of the past - so in effect we're all getting paid less each year! They have even suggested that we should use 'price comparison' websites to reduce our bills rather than rely on pay rises!!

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  • This has strong points of comparison to the Clydes/BLG problem - dilution of earnings, increase in debt to put the merger into effect, reduction in choice for clients, hassle and uncertainty for staff (plus it seems a real terms reduction in salary). As others have said, these mergers put off the inevitable and only serve those high up the equity ladder.

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