INSURER'S SHARES SOAR ON TAKEOVER HOPES Shares in insurer Royal & Sun Alliance have rocketed as investors hoped a takeover bid would be launched for the group.
Speculation was based on reports that Anglo-Swiss insurance group Zurich Financial Services may make a £7bn bid.
Shares in Royal & Sun Alliance were up 36p to 442p, or 9%, in early trading.
Allied Zurich, the London Stock Exchange listing of Zurich Financial, powered ahead from 21p to 744p.
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