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Aviva PLC (AV.L)

AV.L on London Stock Exchange

435.00GBp
12:01pm EDT
Change (% chg)

-3.10p (-0.71%)
Prev Close
438.10p
Open
442.30p
Day's High
443.60p
Day's Low
430.20p
Volume
9,327,270
Avg. Vol
11,857,689
52-wk High
522.50p
52-wk Low
290.00p

Latest Key Developments (Source: Significant Developments)

Aviva bullish on cash generation after H1, shares rise
Thursday, 4 Aug 2016 03:08am EDT 

Aviva Plc : CEO Mark Wilson says expects more cash generation next year, could go outside the top of flagged range. . CEO says bulk annuity demand had fallen ahead of EU referendum vote; firm expects demand to pick up in H2. . Aviva Investors' Euan Munro says UK commercial property prices have not fallen as much as some market adjustments suggested. .Aviva shares up 5.7 percent in early deals after H1 results..  Full Article

Aviva CEO Wilson says 'expect a few' percentage points off solvency ratio on market volatility
Wednesday, 6 Jul 2016 04:46am EDT 

Aviva Plc : Ceo mark wilson says 'expect a few' percentage points to be knocked off solvency ratio due to market volatility post-brexit vote Further company coverage: [AV.L] ((carolyn.cohn@thomsonreuters.com;)).  Full Article

Aviva CEO Wilson says insurer benefits from weaker sterling
Wednesday, 6 Jul 2016 04:00am EDT 

Aviva Plc : Ceo mark wilson says insurer benefits from weaker sterling . Aviva ceo wilson says wants to see what happens in markets before considering giving cash back to shareholders . Will consider "bolt-on" m&a if it strengthens core businesses . Not considering more large-scale acquisitions, expect to increase asset management business as share of group Further company coverage: [AV.L] ((carolyn.cohn@thomsonreuters.com;)).  Full Article

Aviva aims to increase dividend pay-out ratio to 50 pct in 2017
Wednesday, 6 Jul 2016 02:00am EDT 

Aviva Plc : Aviva plc capital markets day . Group chief executive officer, mark wilson, will set out a number of objectives. . These include: . Ifrs operating profit: mid-single digit growth in medium term . cash: £7bn cumulative business unit remittances over period 2016-18 . Aviva's fundamentals are sound. . Although it is too early to quantify precise impact of brexit, we are confident we can continue to grow . dividend: payout ratio of 50% of operating earnings per share in 2017 .A sustainable and growing dividend is paramount and we plan to increase payout ratio to 50% in 2017.  Full Article

Aviva says Brexit will have no operational impact, capital position robust
Monday, 27 Jun 2016 02:07am EDT 

Aviva Plc : Aviva plc notes recent market volatility following outcome of uk referendum on eu membership. . Aviva's capital position is resilient to market stress, and company estimates that as of close of markets on friday 24th june 2016, its solvency ii coverage ratio remained close to top of its working range of 150% - 180%. . At aviva's 2015 preliminary results, published in march 2016, aviva reported a solvency ii ratio of 180% and a surplus of £9.7 billion. Aviva has one of strongest and most resilient balance sheets in uk insurance sector .Aviva will continue to monitor technical implications of vote to leave, which will only be resolved after several years of negotiating a new relationship between uk and eu..  Full Article

Aviva plc announces interim dividend
Thursday, 6 Aug 2015 06:00am EDT 

Aviva plc:Says that an interim dividend of 6.75p was announced on Aug. 6, 2015.The dividend payment date is Nov. 17, 2015 for ordinary shareholder on the Register of Members on Oct. 9, 2015.Says ADR ex-dividend date is Oct. 7, 2015.The dividend payment date for ADR holders is Nov. 23, 2015.  Full Article

Aviva plc announces Approvals by the PRA and FCA for proposed acquisition
Tuesday, 17 Mar 2015 01:35pm EDT 

Aviva plc:Says proposed acquisition approved by Prudential Regulation Authority (PRA) and the Financial Conduct Authority.Says on Dec. 02, 2014, Friends Life and Aviva announced that they had reached agreement on the terms of a recommended all-share acquisition of the entire issued and to be issued ordinary share capital of Friends Life by Aviva (Proposed Acquisition) to be implemented.Friends Life and Aviva announce that, pursuant to Part XII of the Financial Services and Markets Act 2000 (as amended) (FSMA), the PRA has approved acquisition of control by Aviva of Friends Life Group entities authorised by the PRA and regulated by the PRA and the FCA.Pursuant to Part XII of FSMA, FCA has also approved the acquisition of control by Aviva of the Friends Life Group entities authorised and regulated by the FCA.Whilst all required regulatory approvals have now been received, the Proposed Acquisition remains subject to the satisfaction or waiver (if capable of waiver) of the remaining Conditions set out in the scheme document in relation to the Scheme dated Jan. 19.  Full Article

Aviva PLC announces EC approval received for Friends Life Group Limited acquisition
Friday, 13 Mar 2015 01:45pm EDT 

Aviva PLC:Proposes Acquisition unconditionally cleared by European Commission.On Dec. 02, 2014 Friends Life and Aviva announced that they had reached agreement on terms of a recommended all-share acquisition of the entire issued and to be issued ordinary share capital of Friends Life by Aviva to be implemented by way of a court-sanctioned scheme of arrangement.Friends Life and Aviva announces that, earlier, the European Commission confirmed that, following its phase I review, it has unconditionally cleared the Proposed Acquisition.Proposed Acquisition remains subject to the satisfaction or waiver (if capable of waiver) of the remaining Conditions set out in the scheme document in relation to the Scheme dated Jan. 19.  Full Article

Aviva Plc recommends final dividend
Thursday, 5 Mar 2015 04:54am EST 

Aviva Plc:Recommends a final dividend of 12.25 pence per share on Aviva ordinary shares.Dividend will be paid on May 15, 2015 to shareholders on the Register of Members on the record date of April 9, 2015.  Full Article

Aviva plc's Aviva Investors pays out 150 mln Pounds for control failures - Reuters
Tuesday, 24 Feb 2015 07:42am EST 

Aviva plc:Aviva Investors Global Services, part of Aviva, has paid out 150 mln Pounds ($232 mln) in fines and compensation after failing to control conflicts of interest, Britain's markets watchdog said - Reuters.The Financial Conduct Authority said it fined Aviva Investors 17.6 mln Pounds for systems and controls failings spanning eight years to June 2013.These weaknesses led to compensation of 132 mln Pounds being paid to ensure that none of the funds Aviva Investors managed was adversely affected, the regulator said.Aviva Investors used a management strategy whereby funds that paid different levels of performance fees were managed by the same trading desk.The same people were managing hedge funds, which typically pay a high fee for outperforming the market, and so-called long funds that pay much lower fees.Some of these fees were paid to traders who managed the funds.This type of incentive structure created conflicts of interest as these traders had an incentive to favour one fund over another.Traders were able to delay recording the allocation of trades for several hours without being detected internally.Compensation was paid to eight funds managed by Aviva on behalf of other companies within the group.  Full Article

Investors urge food companies to shift from meat to plants

LONDON A group of 40 investors managing $1.25 trillion in assets have launched a campaign to encourage 16 global food companies to change the way they source protein for their products to help to reduce environmental and health risks.