Shares in Generali volatile after plan
MILAN Jan 14 (Reuters) - Shares in Generali were volatile in morning trading on Monday after the biggest Italian insurer unveiled a turnaround strategy aimed at boosting operating results by a quarter.
In a meeting with investors in London, Generali boss Mario Greco promised operating profit of more than 5 billion euros ($6.7 billion), up from 4 billion expected at the end of 2012, and targeted 600 million euros of cost savings over three years.
At 0817 shares in the insurer were down 0.48 percent after a posting a gain of around 0.5 percent at the open. (Reporting by Francesca Landini; editing by Danilo Masoni)