Source AP ©

Resolution increases 1st-half profit 31 percent

As British life insurer Resolution PLC won new business and profit from asset management rose, its first-half profit increased 31 percent.

Net income for the six months through June 30 rose to 170 million pounds (US$340.3 million; EUR245.4 million), from 130 million pounds in the same period a year earlier, the company said in a statement.

Profit from the asset management business climbed 71 percent to 24 million pounds (US$48 million; EUR34.6 million).

"New business and asset management profits were up strongly," Chief Executive Mike Biggs said.

Resolution agreed in July to buy Friends Provident in an all-share deal. Friends Financial, as the company will be known, will be worth about 8.6 billion pounds (US$17.2 billion; EUR12.4 billion).

Resolution shares gained 1.1 percent to 642.5 pence (US$12.86; EUR9.27) on the London Stock Exchange.

The containment never ended: the Red Fear has been replaced by the today's Russophic hysteria, and the dubbed feeling between Trump and Putin is an invention of the Western populist propaganda

The neverending containment of Russia

The containment never ended: the Red Fear has been replaced by the today's Russophic hysteria, and the dubbed feeling between Trump and Putin is an invention of the Western populist propaganda

The neverending containment of Russia

The containment never ended: the Red Fear has been replaced by the today's Russophic hysteria, and the dubbed feeling between Trump and Putin is an invention of the Western populist propaganda

The neverending containment of Russia