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Homeserve expects profit growth
HomeServe, the international home emergency business, said yesterday that it expects its first-half profits to be ahead of last year and in line with company expectations. The company said that customer numbers last year were more than 5m and it expects the total to be around five per cent higher this year. Total policies are expected to be around eight per cent higher from the 11.7m last year. HomeServe warned that as usual profits and customer growth will be weighted towards the second half, reflecting the seasonality of its marketing activity and renewals profile.