Axa avoids worst of the fallout August 8, 2008 Axa, Europe’s second-biggest insurer, reported lower first-half net profit yesterday although its earnings still managed to beat analyst expectations. Net profit fell 32 per cent to €2.16bn (£1.7bn) partly due to write downs on fixed income assets. The French insurer revealed a €237m impact on asset backed securities and a €502m hit on fixed income [...]
UK industry is modern, high-tech and a good bet for savvy investors July 25, 2008 Funds and ETFs can help get you exposure to an area that promises to flourish, writes Phil Thornton Barely a day goes by without a new portent of doom and gloom for some part of the UK economy, whether for financials, retailers or housebuilding. But one sector may offer a glimmer of hope during a [...]
RSA in $11m settlement November 3, 2005 Insurer Royal & SunAlliance (RSA) has moved to extricate itself from legal action over the Student Finance Corporation (SFC) by agreeing to pay $11m (£6.19m) to Wilmington Trust. The company revealed the latest payment yesterday as shares in the insurer spiked. City traders said that French rival Axa could be lining up a bid, although [...]