Pearl, Deutsche last Abbey Life bidders: sources

(Reuters) - Reinsurer Swiss Re and closed life fund specialist Resolution were also named as bidders earlier in July.




Since then, however, Resolution has announced an 8.6 billion pound all-share merger with rival Friends Provident . The Sunday Telegraph reported that Swiss Re had also pulled out.


Read more at Reuters.com Business News

U.K. Stocks Advance, Paced by Shares of Resolution, Barclays, Prudential

(Bloomberg) -- U.K. stocks rose, led by Resolution
Plc and Barclays Plc. Prudential Plc and Legal & General Group
Plc also climbed.

The benchmark FTSE 100 Index rallied 29, or 0.4 percent, to
6614.2 in London at 8:07 a.m. The FTSE All-Share Index added
11.93, or 0.4 percent, to 3419.72. Ireland's ISEQ Index rose 9.09
to 9036.4.


Read more at Bloomberg Stocks News

Swiss Re, Deutsche among Abbey suitors -sources

(Reuters) - Pearl Group and Resolution Plc , both investment
funds that buy insurance assets, are likely to bid against
Deutsche Bank and reinsurer Swiss Re, they said.




Lloyds is selling the unit to raise cash from its insurance
units.


Read more at Reuters.com Mergers News