United Kingdom
Asia spares Prudential’s blushes in half year results
Growth in its Asian operations helped UK insurance giant Prudential post a forcast-beating 6% rise in first-half operating profit to £2.06bn ($2.69bn, €2.4bn), helping offset a drop in profits from its M&G asset management business.
Aviva says property trust will stay shut until 2017
Aviva Investors has advised that its property trust will stay closed to trading for another six to eight months.
Tax & Regulation | 10 Aug 16
Harry Potter star loses £1m legal battle against HMRC
British actor Rupert Grint has lost his battle against HM Revenue & Customs (HMRC) for a £1m (€1.17m, $1.3m) refund after a court threw out his appeal to protect his earnings from the top rate of tax.
LGIM’s profits slip despite rise in international assets
Legal & General Investment Management’s profit slipped by a marginal 3% to £171m in the first half of the year versus the same period in 2015.
EEA investors face more delays selling shares in doomed fund
Investors in the ill-fated EEA Life Settlements Fund have been told they cannot sell their shares in so-called ‘death bonds’ until later in the year as not enough cash has been generated from maturing policies, according to campaign group EEA Investor’s Group (EEIG).