** Standard Life jumps 10.4 percent after disposingof Canadian arm for $3.7bn. {ID:nL1N0R42NA]
** Shares highest since May 2013 record high.
** Adds $1.5bn of market cap; biggest mover on FTSE and across Europe.
** Rally is the biggest single-day move since March 2009.
Chart: http://link.reuters.com/zuw72w
** Stock now trading on 14.4 P/E, slight premium to peergroup average which is at 13.3 times.
** Peer comparison: http://link.reuters.com/dyw72w
**Standard Life will return 80% of the proceeds (73p pershare), using the remainder for general corporate purposes.
** "With a strong balance sheet, return of the proceedsmakes sense; however, we would question the need to retain anyof the proceeds," said analysts at Berenberg. (RM: alasdair.pal.thomsonreuters.com@reuters.net)