Old Mutual saw profits climb in the first half, driven by cost cutting measures and the performance of its South African banking arm Nedbank, while Skandia saw its profits fall by nearly a third.
Over the six months to 30 June 2011 the firm made a pre-tax profit of £845m, a 15% increase, and saw funds under management edge up 1% to £302.8bn. Nedbank's profits increased 31%, while it made an...
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19 October 2021
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7 min read
