News 20
Canadian boost for Standard Life
A strong performance in Canada and further cost cutting has
delivered a 28% increase in operating profit for Standard Life.
The Edinburgh-based insurer made £544m last year compared with
£425m in 2010.
Over the year, the company cut costs by £45m and said it was on
target to achieve £100m of savings in the first half of 2012.
While income from the UK business fell slightly in 2011, in
Canada profits increased by 70% to £187m.
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Source - http://www.bbc.co.uk/news/