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Pru interim profits boost

Prudential announced an increase in interim profits of 16 per cent to £677m in the first six months of 2001.

UK sales increased by 10 per cent to £427m on an annual premium equivalent basis, as the benefits of the restructuring of the direct sales force started to be felt.

Group sales increased 43 per cent to £1.3bn APE, although M&G saw sales fall 24 per cent to £499m.

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Marketplace offers stepped buy-to-let product

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Big pension boost for Norwich Union

Norwich Union&#39s UK business leapt by 23 per cent in the first half of thisyear to £668m in equivalent premium income from £541m last year,boosted by a massive increase in pension sales. Individual pension sales were up by 77 per cent to £140.8m from£79.5m last year. Group pension business rose by 41 per cent to£176m […]

Record lending for Rock

Northern Rock has seen record gross lending of £4bn and net lendingof £2.3bn for the first six months of this year. The increase represents a 28.2 per cent jump from £3.1bn last yearand the 16.3 per cent leap in net lending from £2bn helped give thecompany a 7.3 per cent share of UK net mortgage […]

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