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RSA shares rise 7.5pc

SHARES in insurance giant RSA jumped by their biggest increase in nearly five years on the London stock exchange yesterday morning amid reports that the group's Irish operation wouldn't need any more capital injections.

The independent investigation into the £200m black hole at the Irish operation has outlined that it was an isolated incident with no further write-downs needed.

It said that the report from accountancy firm PwC, which has been leading the probe, is expected to draw a line under the controversy and claim it is a one-off.

The stock rose as much as 7.5pc on the first day of trading, following the report.