Commodities bring FTSE down

Royal Bank of Scotland posted gains of more than 6% today amid revived hopes of a sale of its insurance businesses.

Mon, 12 Jan, 2009 - 11:20

Royal Bank of Scotland posted gains of more than 6% today amid revived hopes of a sale of its insurance businesses.

RBS was 3.4p better off at 56.5p after reports that Aviva’s former UK operations chief Patrick Snowball had teamed up with BC Partners and Apollo Management to consider a potential offer bolstered the stock.

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CourtsBusinessHeathrowPlace: UKPerson: Patrick SnowballPerson: prime ministerPerson: Gordon BrownOrganisation: FTSEOrganisation: Royal Bank of ScotlandOrganisation: RBSOrganisation: AvivaOrganisation: BC PartnersOrganisation: Apollo ManagementOrganisation: Lloyds TSBOrganisation: HBOSOrganisation: BarclaysOrganisation: HSBCOrganisation: Man GroupOrganisation: CitigroupOrganisation: FootsieOrganisation: BPOrganisation: Royal Dutch Shell
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