Shares up 4.3% yesterday

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RSA topped the list of FTSE 100 risers yesterday amid rumours it is a target for a £7bn takeover.

Shares in the UK’s biggest commercial insurer were up 4.3% to 129.15p when markets closed at the end of Wednesday.

Reports have suggested that Italian insurer Generali, Switzerland-based Zurich Financial and UK rival Aviva could bid for the group. Generali later told Reuters it was not interested in a deal for RSA.

RSA has been subject to previous takeover speculation, with QBE and Allianz rumoured to have been interested in the past.