Amlin, the biggest insurer operating in the Lloyd's of London market, reported a pre-tax loss of £193.8m last year, but expects to return to profit in 2011
A rare positive surprise from the US jobs market and more bid talk helped the FTSE 100 end the week on a high note as worries about a dip back into global recession receded
The problems at troubled Saudi group Saad have prompted the firm to begin a sale of its quoted investments, with a stake in housebuilder Berkeley Group first on the block
Leading shares lost more than 5% of their value yesterday and slumped to a six year closing low, dragged down by yet more unwelcome news from the financial sector
The run on leading shares continues, with the FTSE 100 now down more than 4% on the back of further declines among the banks after HSBC's £12.5bn cash call
Insurer Prudential rose nearly 6% on talk that Chinatrust of Taiwan might be interested in taking a stake or even bidding. The suggestion came from reports in Taiwan that wealth management group Chinatrust wanted to increase its presence in the insurance sector, and had decided it would be cheaper to buy an existing company rather than set up a business from scratch
Closing market report: The latest twists in the takeover battle around insurer Resolution keeps traders on their toes - Standard Life announces its bid and its rival Pearl immediately comes in with a higher offer. By Katie Allen
Amlin, a syndicate at Lloyd's of London, the insurance market, said yesterday that first-half results would beat analysts' forecasts, with pre-tax profits of £120m.
Market Forces blog FTSE slips back from record highs as Tullow slumps 8%