FTSE down slightly

Renewed hopes of a takeover for Friends Provident sent the insurer's shares soaring today, but part-nationalised banks suffered amid uncertainty over future prospects.

Mon, 10 Aug, 2009 - 18:37

Renewed hopes of a takeover for Friends Provident sent the insurer's shares soaring today, but part-nationalised banks suffered amid uncertainty over future prospects.

Friends closed 7% higher after re-opening talks with persistent suitor Resolution, which is now on its fourth approach.

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