Shares in Prudential are booming today – but there has been no uplift for the rest of the insurance sector.
Prudential shares were up more than 11% at 285p after its sales came in ahead of expectations and it agreed the transfer of its operations in Taiwan.
This deal will boost its capital surplus by £800m, the company said.
But Legal and General, which said earlier this week it was more than doubling its credit default reserves, slipped almost 4% to 36.2p – having started the week at 49.5p.
Aviva is down 1% at 284p, while Standard Life has dropped 3% at 168.4p
The banks are also on the slide again, after yesterday's bounce.
Barclays is down more than 4% at 96.9p, Royal Bank of Scotland has slipped more than 3% to 21.1p, and Lloyds Banking Group has dropped 0.9% to 56.3p.
The FTSE 100 remains well below the 4000-point mark, down 100.05 points at 3918.32.
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