Resolution eyes more acquisitions as Friends sales drop 13%

Scott Sinclair
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Clive Cowdery's insurance investment vehicle Resolution is expected to soon unveil plans for a further acquisition in the UK life space after Friends Provident reported a 13% drop in 2009 sales.

Friends Provident - Resolution's first purchase for £1.8bn last year - announced sales in 2009 were £873m compared to £1bn in 2008, measured on an APE basis. Sales in the fourth quarter amounte...

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