Aon is to become the first US S&P 500 company to become domiciled in the UK after the insurance broker unveiled plans to shift its headquarters from Chicago to London. The move by Aon, which employs 59,000 people globally and has a market capitalization of $15bn gives a boost to Londonīs status as a global financial centre. Aon, which is the worldīs biggest insurance broker by sales, said the shift to the UK would provide greater access to emerging markets and place it closer to the Lloyds of London insurance market, The Financial Timesī Weekend edition reports. [15 Jan '12]
Resource stocks performed well in morning trade, lifting the FTSE 100 over 1.1% higher. Miners were gaining ground after some positive economic data from China boosted sentiment, while Cairn Energy was on the up after detailing its $3.5bn cash return to shareholders. [10 Jan '12]
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