Old Mutual shares up 11% after reports of £9bn break-up plan

FTSE 100 listed company

Laura Dew
clock
Old Mutual shares up 11% after reports of £9bn break-up plan

Old Mutual shares are up 11% this morning after reports that the firm is planning a break-up of the business into stand-alone companies.

According to reports at the weekend, the firm is understood to have already received an offer for its wealth management arm in the UK. Shares in Old Mutual are up 11.3% this morning following th...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Investment

Phoenix to invest £90m in affordable housing

Phoenix to invest £90m in affordable housing

Investment will support Alliance Homes

Holly Roach
clock 27 June 2022 • 1 min read
The UK accounted for €4bn in net UCITS sales in April.

Monthly outflows persist across equity UCITS and AIFs in April

Improved from €42bn outflow in March

clock 27 June 2022 • 1 min read
Which investments performed best over past 21 years?

Which investments performed best over past 21 years?

Emerging markets and smaller companies

Cherry Reynard
clock 21 June 2022 • 6 min read