R&Q Insurance Holdings Ltd said, based on preliminary and unaudited information, R&Q expects that it will realise a significant pre-tax loss for the year driven by the adverse development in Legacy and a material increase in corporate costs in relation to the Sale of Accredited.
Stocks in London got a boost on Monday at midday, as investors were optimistic that the UK is heading out of its short lived recession.
The FTSE 100 index was up 96.05 points, 1.2%, at 8,019.85. The.
R&Q sells stake in joint venture royalgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from royalgazette.com Daily Mail and Mail on Sunday newspapers.