LONDON (Reuters) - Aviva's potential 5.6 billion pound ($8.8 billion) purchase of Friends Life reflects a need to consolidate and cut costs in Britain's insurance industry, fund managers said.
Prices also won support after European Central Bank chief Mario Draghi signalled readiness to act quickly to deter deflation, sparking fresh stimulus hopes.
LONDON: Britain's public finances improved slightly in October but finance minister George Osborne is still unlikely to meet his budget goals before next year's general election.
A man stands outside a building as people use Intesa Sanpaolo automated teller machines (ATMs) in Milan. Photo: Reuters. mail · print.
New 10-euro banknotes are pictured during their presentation at the Austrian national bank in Vienna January 13, 2014. Credit: Reuters/Heinz-Peter Bader.