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.

FTSE down slightly
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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CourtsBusinessFTSEPlace: UKPerson: Stephen HesterPerson: Simon FoxOrganisation: FTSEOrganisation: Friends ProvidentOrganisation: FriendsOrganisation: Lloyds Banking GroupOrganisation: LloydsOrganisation: Royal Bank of ScotlandOrganisation: RBSOrganisation: Marks & SpencerOrganisation: ArgosOrganisation: Home Retail GroupOrganisation: DoveOrganisation: UnileverOrganisation: PrudentialOrganisation: BTOrganisation: JP MorganOrganisation: HMVOrganisation: ITVOrganisation: HSBCOrganisation: Morgan SindallOrganisation: Sports Direct InternationalOrganisation: JJB SportsOrganisation: Sports WorldOrganisation: FootsieOrganisation: PetrofacOrganisation: HammersonOrganisation: FresnilloOrganisation: Rio Tinto
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