News

Britain's ageing population and changes to workplace pensions proved lucrative for Resolution during the first half of the year.

Week ahead: Prudential shareholders can expect good news on dividends

Prudential, the life insurer soon to be lead by Tidjane Thiam, is expected to announce a 6p dividend to shareholders this week.

Simon Evans: Insurers circle their wagons as zombie goes on the prowl

Were the sector's results a good defence? Not really

Standard Life reveals sharp fall in profits

Standard Life revealed a sharp drop in annual profits yesterday as the recession hit its saving business, but confounded fears about a deterioration of its capital position.

Big names among poor pension providers

Some of the biggest names in UK financial services feature in a list of the worst performing pension funds compiled by money analysis website howmuchdoineedtoretire.co.uk. Abbey, Friends Provident, Scottish Life and Clerical Medical occupy the bottom four places when it comes to pension fund performance over the past 10 years, the website said.

Takeover of Friends Provident by Resolution 'not that far now'

Resolution, the investment vehicle run by entrepreneur Clive Cowdery, could reach agreement with Friends Provident's board over a takeover of the insurer as early as this week. However, it may face difficulties if it tries to buy the insurance assets of the state-supported Lloyds Banking Group.

Cowdery seeks shareholder help to secure Friends deal

Clive Cowdery's Resolution wants to galvanise Friends Provident shareholders into pushing the life insurer into a deal with his company.

Friends Provident rejects Resolution's revised offer

The insurer Friends Provident has rejected a revised takeover proposal by the insurance tycoon Clive Cowdery's investment vehicle Resolution, citing "significant flaws", particularly over structural and corporate governance concerns.

Market Report: Bunzl eases as Footsie rounds off strong week

Bunzl fell back despite a firm market trend last night, after analysts at Bank of America Merrill Lynch switched their stance on the stock to "neutral" from "buy".

Friends tries to turn tables on Resolution in merger battle

Insurer sees benefits of a combination, but says it should be the lead party

James Moore: Friends just says 'no'

Outlook: Cowdery's Resolution made institutional investors a fortune and they hope he can repeat the trick.

Friends Provident rejects 'wholly inadequate' bid by Resolution

The insurance group Friends Provident forcefully rejected the preliminary takeover approach from the insurance tycoon Clive Cowdery's investment vehicle Resolution yesterday.

Market update - 13 July

The markets remained range bound this morning, with the FTSE 100 easing slightly to 4133.88, down 6.71 points, and the FTSE 250 retreating to 7172.07, down 12.36 points amid thin volumes at around 11.45am today.

Friends Provident rejects takeover bid

Investment company Resolution said today that insurer Friends Provident had brushed off its takeover advances.

Friends Provident set to reject Cowdery's offer

Friends Provident, the insurance group, is expected to rebuff a takeover approach from financial services tycoon Clive Cowdery's investment vehicle Resolution today.

Julian Knight: Why we have to ring the changes in life insurance

And, while we're about it, let's get rid of commission-based selling, too
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