Insurers' consolidation hopes fail to fire Footsie

Hopes of consolidation in the insurance sector meant shares in Friends Provident and other leading players posted strong gains today.

Insurers' consolidation hopes fail to fire Footsie
Mon, 13 Jul, 2009 - 12:25

Hopes of consolidation in the insurance sector meant shares in Friends Provident and other leading players posted strong gains today.

Investment firm Resolution kicked off the speculation by tabling an unsuccessful approach to Friends, which surged by 6% as a result.

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CourtsBusinessHeathrowOrganisation: FootsieOrganisation: Friends ProvidentOrganisation: FriendsOrganisation: AvivaOrganisation: Standard LifeOrganisation: Old MutualOrganisation: XstrataOrganisation: LonminOrganisation: GasOrganisation: CentricaOrganisation: DunelmOrganisation: ITVOrganisation: UBS
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