Summary
INSURANCE industry consolidator Resolution has unveiled upbeat figures for its first acquisition Friends Provident, as it prowls the market for its next prey on the way to founder Clive Cowdery's target of a pound(s)10 billion empire.
Resolution announced a sharp rise in operating profits at Friends, still run by former Standard Life director Trevor Matthews, to pound(s)157 million in the first half of 2010 from pound(s)29m last year, on the back of strong performances from Friends' international business and its Lombard wealth management arm.See the full content of this document
Extract
Resolution Hunts Next Prey After Friends Lifts Earnings
The market has already begun speculating that Aviva...
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