FTSE falters on Aviva US merger talks

A deal to buy AmerUS Group – and expand its US operation – would mean Aviva would need to issue new shares to help finance the deal, as well as using existing resources and debt financing, so Aviva’s share price is down 21p or 2.79% to 731.5p. On the back of this, Prudential – who was also in talks with Aviva earlier this year – has seen its share value drop 12.5p or 2.08% to 589p. Alliance & Leicester has also dropped 19p or 1.8% to £10.36 while Cairn Energy has dropped 32p or 1.49% to £21.19. In Asia today, the major exporters saw their values gain as reports suggests the Federal Reserve ...