Investment group Old Mutual PLC (OML.LN) Tuesday said its South African banking unit Nedbank Group Limited (NED.JO) expects diluted headline earnings per share and diluted basic EPS for the six month period ended June 30 to be at least 20% higher than the 475 cents per share and 474 cents per share respectively reported for the comparative period to June 2010.

-Shares of Old Mutual at 1404 GMT up 0.23% at GBP1.30.

-By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com

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