SHARES in Irish financial services group IFG jumped by 17% yesterday, in reaction to the business announcing that it has received a potential takeover approach.

FINANCIAL services group IFG has expressed interest in expanding its presence in the specialist pensions market in Britain, on the back of a strong set of 2010 figures, which came in ahead of market expectations.

Europe’s largest mutual assurer Standard Life said today it had continued to make progress in re-positioning its business as it prepares for a FTSE listing next year.