Old Mutual Climbs to Record After U.K. Acquisitions Boost Sales

Updated on
  • U.K. purchases of Intrinsic, Quilter Cheviot boost revenue
  • Shares rise to record in Johannesburg after trading update

Old Mutual Plc, the U.K.-based insurer that bought Intrinsic Financial Services Ltd. and Quilter Cheviot Ltd. last year, said third-quarter sales rose to a record as the acquisitions helped boost growth. Its Johannesburg-traded stock advanced to an all-time high.

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