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Results: MCL

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Morses Club – increase in complaints AGAIN (…why’s the AGM being held virtually again?!)

On 3rd March Morses Club (MCL) issued a trading update including that having “announced that it expected adjusted profit before tax for FY22 to be between 20% and 30% below the prevailing analyst consensus of £7.5m due to the impact of the recent increase in claims, subject to year-end audit review… complaints continue at the same levels as we reported, and our guidance remains unchanged”. Now an “Update on Claims Volumes and FY22 Results” announcement...

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