(Bloomberg) -- European insurance stocks rose, led
by Friends Provident Plc and Resolution Plc after the U.K.
companies said they are in talks for a merger that would create
the U.K.'s fifth-biggest insurer.
Friends Provident jumped the most in more than two months,
while Resolution surged the most since March. Nestle SA dropped
after the Wall Street Journal reported the foodmaker is slimming
down its U.K. candy product range because nearly 40 percent of
its chocolate products made a loss or barely made a profit.
Read more at Bloomberg Stocks News
by Friends Provident Plc and Resolution Plc after the U.K.
companies said they are in talks for a merger that would create
the U.K.'s fifth-biggest insurer.
Friends Provident jumped the most in more than two months,
while Resolution surged the most since March. Nestle SA dropped
after the Wall Street Journal reported the foodmaker is slimming
down its U.K. candy product range because nearly 40 percent of
its chocolate products made a loss or barely made a profit.
Read more at Bloomberg Stocks News
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