Old Mutual aims to tidy up

Anglo-South African insurer Old Mutual said yesterday it had taken steps to overhaul its troubled US business and appointed a new finance chief.

Anglo-South African insurer Old Mutual said yesterday it had taken steps to overhaul its troubled US business and appointed a new finance chief.

The announcement sent its shares up 6,25 percent to R9,01 by end of trade yesterday.

Old Mutual also said it was hopeful of completing the stalled sale of Mutual & Federal by the end of the year. - Reuters

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