RSA Insurance to Cut 1,200 British Jobs; Shares Jump (Update4) (Bloomberg)
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Feb. 26 (Bloomberg) — RSA Insurance Group Plc , the U.K.s second-largest non-life insurer, plans to cut 1,200 jobs from its British workforce by the middle of next year. The shares rose the most in 12 years.
European stocks higher on banks insurance scheme (AP via Yahoo! News)
European markets rose Thursday as investors welcomed a British program to allow struggling banks to access government insurance against future losses on toxic assets.
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