With Angelique Ruzicka, finance editor
No LSE-listed insurer or bank on our watch list experienced any major drops in share price this week. However, the banks performed considerably better than insurers. Barclays’ stock leapt 28.25% to 202.25p per share after news that it sold its iShares business to private equity and investment advisory firm CVC Capital Partners for £2.9bn. CVC said it is now considering floating the exchange-traded fund business.
Lloyds TSB’s stock rose 9.56% to 87.10p per share, while RBS’s rose 7.59% to 31.2p and HSBC saw a slight improvement of 2.69% to 486.75p.
Life insurers performed well too with L&G’s shares rising 12.3% to 54.8p per share and Pru’s jumping up 6.92% to 363p per share. Lloyd’s insurers only experienced small rises in share prices.
Most AIM-listed shares remained flat this week. Lancashire Holdings was the only one to see a large drop of 5.96% to 449.5p per share.
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.
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