IAG: sale of UK business a possibility

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Mike Wilkins, managing director and CEO at IAG, said improvement in the UK economy and in the UK arm of the business made it an appropriate time to undertake a strategic review of that part of the business.

The UK business reported a loss of $5m (£3.2m) for the second half of 2011, compared with a $121m loss for the same period of 2010.

The group said it is considering a number of options, which include refining the business’ strategy to a more focused specialist motor offering, and exploring

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