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Cowdery buys Resolution shares

The tycoon Clive Cowdery has given a vote of confidence to Resolution, the company he co-founded, by splashing out more than £600,000 on 240,000 shares at 252.9p, for his first personal stake.

Resolution coped reasonably well in the stock market turmoil and is up 7 per cent this year, thanks partly to a share buyback. It has bought assets from Friends Provident, AXA and Bupa Health Assurance.