9am Briefing: Standard Life sees huge profits rise

EDINBURGH-based insurers Standard Life reported a 7 per cent rise in its 2010 profit - bucking expectations of a decline.

The firm, which said it has made a strong start to 2011, made an operating profit of 425m last year, up from 399m the previous year.

Analysts had expected a profit of 355m according to a consensus forecast calculated by the company.

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