Aviva profits sink as restructuring costs bite

The struggling insurance giant Aviva has reported a big fall in half-year profits as foreign exchange fluctuations and restructuring costs hit the bottom line.

The struggling insurance giant Aviva has reported a big fall in half-year profits as foreign exchange fluctuations and restructuring costs hit the bottom line.

Operating profit (including restructuring costs) was down 10% compared to the first six months of last year, at £935m. The market had been expecting a figure of around £1bn.

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