Friends Provident insists it is not seeking any potential suitors as it currently has a "strong capital base" to grow the business.
The group earlier today reported an overall £46m before tax underlying loss in 2006, down from a £400m profit the previous year. However, Friends Provident life and pensions chief executive Ben Gunn says although the firm had a turbulent 2007, the future of the group following January’s strategic review remains sound. “We have a very strong capital base and a strong underlying business,” Gunn says. “There is every reason to believe we will be successful in the future.” Gunn echoed Friends Provident executive chairman Sir Adrian Montague’s thoughts earlier today, calling on potential b...
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