13 September 2023 - disposal

The insurance group has continued with its process of simplifying its structure by disposing of its remaining interest in Singapore Life Holdings for some £0.8bn.  This will allow it to focus its activities on the UK, Ireland and Canada.  The shares have bounced a little on the news thus ending the recent decline that had been seen in the share price and at current levels they look cheap.  BUY . . .

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