Charles Taylor shares up following trading update

Insurance services firm Charles Taylor has seen its shares rise nearly 4 percent today, February 18, following the release of its trading update.

Charles Taylor said that its revenues and adjusted earnings are now expected to be ahead of management's previous expectations, with the improvement due primarily to adjusting services performing better than expected in December 2014.

“It is expected that management services will deliver a strong performance and insurance support services will make a meaningful contribution to the 2014 results.  The global claims environment, however, remained benign throughout 2014; hence adjusting services' operating profit is still expected to be down year on year,” said the update.