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Royal & Sun share price rallies after profits fall

Royal & Sun Alliance has managed to talk up its share price even though profits have plunged over the past nine months.


It reported a nine month profit fall to the end of September of 6.1 per cent compared to the same time last year but its share price still rose 5p – 1.2 per cent on the morning of Thursday, November 4 to 10am.


Operating profits were £461m in the nine months to September 30 – down from £491m for the same time last year.

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