The wife of Standard Life's chief executive spent nearly £300,000 on a stake in the insurer, the day after the company announced it had a "good" 2010.
Caroline Nish, wife of David (pictured), bought 125,000 shares at 2,24p a time, taking the couple’s stake to about 550,000 shares. Standard Life's share price fell following its results last week, as several analysts raised concerns over its strategic direction. On Friday the London-listed stock closed down 1.63%. This was despite reporting operating profit before tax increased by 7% to £425m in 2010, boosted by the uptick in markets and strong flows into funds and SIPPs. The UK’s fourth-largest insurer reported inflows up 46% in 2010 and says it has made a strong start to 2011....
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