FTSE up in morning trading

Consolidation hopes for the insurance sector drove the London market forward today as Friends Provident and Resolution confirmed merger talks.

FTSE up in morning trading
Mon, 23 Jul, 2007 - 12:24
1

Consolidation hopes for the insurance sector drove the London market forward today as Friends Provident and Resolution confirmed merger talks.

Friends Provident soared more than 7%, with news of the potential £8.3bn (€12.36bn) merger also lifting Legal & General, Prudential and Standard Life.

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