Standard Life has augmented half-year profit in row with predictions as a huge boost in net inflows enhancing assets management by 5% since the ending of 2009 to £179.1bn.
The UK's fourth- biggest insurer accounted IFRS operating profit before tax from ongoing operations mount by 10% to £182m during the first half of 2010 and European Embedded Value profit mounted by 11% to £364m.
Edinburgh-based Standard expressed that the net inflows rocketed by 71% to a record £5.3bn, geared up by a muscular presentation in mutually long-term savings, where the net inflows more than tripled to £2.5bn, and third group investment administration, where assets under administration tapped a fresh record of £63bn. The Global investment supervision unit moved up the profit by 81% to £49m.
Abroad businesses also performed well. The International operations witnessed the net inflows augment by 47% to £725m, with the Asian joint undertaking up by 32% to £133m and sales in India 9% superior.
According to David Nish this muscular set of outcome reveals the development the group has made as a business and the latent for amplified profits and dividends as they invest for development.
US News
Dubai News
Celebrity Images
- Mika performs during 'Les Victoires de La Musique
- Mika performs during 'Les Victoires de La Musique
- Mika performs during 'Les Victoires de La Musique
- Mat Bastard from 'Skip The Use' performs during 'Les Victoires de La Musique
- Mat Bastard from 'Skip The Use' performs during 'Les Victoires de La Musique
UK News
- Microsoft launches its own social network “So.cl”
- Five bigwig US cable providers to offer shared 'CableWiFi' network
- After 9 years, Mark Zuckerberg and Priscilla Chan tie the knot
- HTC: U.S. Customs cleared, released some shipments
- GM’s defection makes it harder for Facebook to make a bull case for revenue growth
Sports News
- London Olympics tickets designed to feature sporting images
- Australian fast bowler Pattinson’s recovery from back injury almost complete
- Wood’s niece Cheyenne to make professional golf debut this year
- Force India’s Di Resta in frame to replace Schumacher at Mercedes next season
- Chinese football pinning hopes on Seedorf and Drogba











