Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.24 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1645
    -0.0038 (-0.33%)
     

  • GBP/USD

    1.2536
    +0.0003 (+0.03%)
     

  • Bitcoin GBP

    50,923.16
    +38.77 (+0.08%)
     

  • CMC Crypto 200

    1,331.21
    +54.23 (+4.25%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +449.98 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.12 (-0.15%)
     

  • GOLD FUTURES

    2,310.10
    +1.50 (+0.06%)
     

  • NIKKEI 225

    38,236.07
    -38.03 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.82 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
BRANDS:

Meet one of the UK’s largest unknown start-ups

Video editing platform Veed has grown to 10 million users

Supermarket chain Co-Operative Group to sell underwriting arm for $238 million

Reuters
FILE PHOTO: A customer enters a branch of a Co-Operative food store in central London, in this file photograph dated April 16, 2014. REUTERS/Toby Melville/file photo (Reuters)

(Reuters) - Co-Operative Group Ltd <42TE.L>, Britain's sixth largest supermarket group, said on Friday it was selling its insurance underwriting business, CIS General Insurance, to motor insurance specialist Markerstudy for 185 million pounds.

Co-Operative Group also said it signed a 13-year agreement with Markerstudy to distribute motor and home insurance products.

(Reporting by Sangameswaran S in Bengaluru; Editing by James Emmanuel)