"Friends Provident was among the 15 risers on the FTSE 100 after reports that suitor JC Flowers could launch a £3.5bn bid this week. The insurer, whose shares ticked up 0.9 to 119p, publishes full-year results today. Having failed to merge with Resolution, it is expected to disclose a dramatic fall in profits and investors believe the future hangs on how bad the numbers are."
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/11/cxmktrep111.xml
Tuesday, March 11, 2008
FP.
