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All the latest from the MMC sector

Since the collapse of Ilke Homes and the retreat of Legal & General, TopHat has become the highest-profile category 1 volumetric MMC firm still fully trading.

Part of the reason for the interest in TopHat is the fact its majority shareholder is US investment bank Goldman Sachs.

But should we be worried that TopHat has clocked up yet another hefty annual loss?