Confirmation RSA will not raise £600m helps index to 5000
RSA shares rose 5.5p to 133.2p on a tip from Cazenove after news RSA would not be raising £600m for a major acquisition. It led the FTSE 100 back above 5000, the Guardian reports.
Analysts at Cazenove said: “Newspaper stories in September reported that RSA might be looking to issue equity to help finance larger acquisitions, particularly in Latin America.
“Nothing has come of this and we believe that RSA's well regarded management team is very disciplined and would only look to raise equity if it could present a value enhancing deal to shareholders.”
Websites
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
