Financial services group Resolution helped push the FTSE 100 index higher this morning after better-than-expected half-yearly results.
The insurance consolidator, and owner of Friends Life, reported pre-tax profits of £191m, up from £163m during the same period last year and around £9m higher than analysts' expectations. New business rose 41% to £89m. Shares rose 4.4% at the opening bell, and remained 3% ahead by 11:30am, with analysts at Barclays maintaining the group's overweight view in the wake of the results. Group CEO Andy Briggs said cost savings of £154m were another positive indicator of performance. "The strong performance announced today reflects the attractive strategic outlook of the group and has bee...
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