Aviva profits dip 8% on flooding - papers 9 August

The company's shares fell 7.5p to 698p in early trading. Operating profits dropped 8% to £1.54bn in the six months to June 30. Hit by the June floods and January's storm, profits at the general insurance and health business were down 34% to £560m, with exceptional weather losses totalling £235m. SCHRODERS, THE FUND manager, today reported a 40 per cent jump in first-half profits, underpinned by rising demand for higher-margin products, according to The Times. The company said group pre-tax profits rose to £185.6 million in the six months to June 30, from £132.3 million in the sa...