NAHL Group Plc (GB:NAH) has released an update.
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NAHL Group Plc, a key player in the UK consumer legal market, has reported a mixed financial performance in the first five months of 2024, with its law firm, National Accident Law, showing strong growth and increased cash from settlements, while its National Accident Helpline division faced higher enquiry acquisition costs due to Google’s search algorithm changes and a slower market recovery. Despite the Critical Care business meeting expectations, the overall Group anticipates a significant reduction in revenue and profit for the year, diverging from market expectations. The Group is also exploring the sale of Bush & Co, its division specializing in catastrophic and serious injury services, with promising interest from potential buyers.
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