PRESS DIGEST - British business - Aug 18
August 17, 2010 at 22:21 PM EDT
City analysts have raised concerns about the high profit figures used by RSA , the insurance group, in its five billion pound bid for Aviva's general insurance assets. A Citigroup analyst said RSA had included a 150 million pound profit figure from the RAC roadside recovery business, despite not being part of the proposal. If this is correct, this makes RSA's bid more valuable at 13 times Aviva's full-year earnings, instead of the 9.8 times stated by RSA. Aviva bought