Friends Provident (FP), the parent company of Friends Provident International, saw net losses of £541m ($1 billion) in 2008; more than five times its 2007 loss of £108m. FP has already cut 10% of its workforce in an effort to reduce costs.
Obviously, those results are not the news investors and portfolio holders are happy to [...]
Posts Tagged ‘FPI’
Friends Provident 2008 Results
FPI launches 5 new mirror funds
Friends Provident International (FPI) announced recntly the launch of a further 5 new mirror funds which means investors can now choose from over 200 funds. The new funds centre on higher-risk emerging market and thematic funds. These additional funds invest in themes of the future such as renewable energy, infrastructure, natural resources, agriculture and commodities.
The [...]