Old Mutual Returns to Africa as Breakup Ends London Listing

South Africa’s prodigal insurer returned home to a luke warm welcome on Tuesday. Old Mutual Ltd. started trading its stock in Johannesburg at 28.50 rand before swinging between 28.20 rand and 29.39 rand. The listing -- done in conjunction with others in Namibia, Malawi and Zimbabwe -- brings an end to a global acquisition spree that took its former parent Old Mutual Plc from its Cape Town roots to London, New York, Beijing and even Bogota.