British insurer Standard Life weathered a tough market environment to report better-than-expected asset growth and profits in the first half, sending its shares almost five per cent higher.
Standard Life's flagship £26 billion (€31 billion) Global Absolute Return Strategies Fund (GARS) fund saw quarterly outflows for the first time ever in the three months including the June 23 referendum date.
Operating profit before tax rose by 18 per cent to £341 million, underpinning a 7.5 per...
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