Standard Life shares hit a five-year high yesterday as the company said it had invested successfully to prepare for industry changes and could reward shareholders with a 6.5% uplift in the interim dividend.
Standard Life shares hit a five-year high yesterday as the company said it had invested successfully to prepare for industry changes and could reward shareholders with a 6.5% uplift in the interim dividend.
CONFIDENT: Standard Life chief executive David Nish said the company had achieved strong growth and scaleability through a simple business model. Picture: Graham Flack
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Simon Bain
Issued at 230p in 2006, the shares rose by over 8% to 278p, their highest since October 2007, after Standard smashed half-year forecasts with a 15% rise in operating profit to £302 million, almost 20% above expectations, and a 61% rise in embedded value operating profit to £604m.
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