Standard Life’s Canadian business for sale: Jeeps and Car Insurance UK: Latest Events | |
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Standard Life’s Canadian business for saleStandard Life is believed to have asked advisers to review its Canadian business with a view to a sale, The Independent has reported. Such a move would have come only days after the Edinburgh-based insurer announced that David Nish is to succeed Sir Sandy Crombie as group chief executive officer, effective from 1st January. The insurer’s Canadian unit posted a loss Ј102 million loss in 2008 (based on IFRS accounting standards) but is expected to return to profit in 2009. Last month, rumours emerged that the group was in talks to sell its banking unit, which is valued at between Ј200 million and Ј300 million, with Barclays linked to a potential sale. In the first six months of 2009, Standard Life saw profit slump 35%, as pension sales weakened and asset values fell. Pre-tax operating profit came in at Ј348 million for the period, down from Ј534 million a year earlier. Net inflows from worldwide life and pensions operations stood at Ј662 million, compared with Ј1,842 million in the same period of 2008 and UK life and pensions sales slid 24%. « Kwik Fit recruits 89 staff | Malicious damage claims about to rise » Average Automobile Insuring RequirementMany students periodicaly query about on-line motorcycle insurance assurance in Seattle or national motorcycle assurance comprehensive for security driver. The answer is simple: read the topic "Standard Life’s Canadian business for sale" about car insurance uk: latest events and observe the topics for insured drivers from the best rated auto mobile insurance providers.
Category Car Insurance UK: Latest Events |
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