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Phoenix Group Holdings (PHNX.L)

PHNX.L on London Stock Exchange

769.00GBp
27 Feb 2017
Change (% chg)

1.50 (+0.20%)
Prev Close
767.50
Open
772.00
Day's High
774.00
Day's Low
765.00
Volume
992,667
Avg. Vol
910,994
52-wk High
809.65
52-wk Low
610.22

PHNX.L

Chart for PHNX.L

About

Phoenix Group Holdings is a specialist closed life assurance fund consolidator that specializes in the management and acquisition of closed life and pension funds. The Company operates through the Phoenix Life segment. The Phoenix Life segment provides a range of whole life, term assurance and pension products. The Company's... (more)

Overall

Beta: 1.41
Market Cap(Mil.): £3,015.12
Shares Outstanding(Mil.): 392.85
Dividend: 22.71
Yield (%): 5.92

Financials

  PHNX.L Industry Sector
P/E (TTM): 13.30 19.12 19.30
EPS (TTM): 0.58 -- --
ROI: -- 0.00 0.40
ROE: 5.96 6.11 15.35

Fitch Rates Phoenix's GBP300m Dated Subordinated Tier 3 Notes 'BBB-'

(The following statement was released by the rating agency) LONDON, January 17 (Fitch) Fitch Ratings has assigned PGH Capital Public Limited Company's GBP300m dated subordinated notes, guaranteed by Phoenix Group Holdings (Phoenix; Issuer Default Rating (IDR) A-/Positive) a 'BBB-' rating. The notes are rated three notches below Phoenix's IDR of 'A-', comprising two notches for a 'poor' baseline recovery assumption and one for 'moderate' non-performance risk. KEY RATING DRIVERS The notes hav

Jan 17 2017

UK's Phoenix Group meets its 2016 cash generation target

Jan 10 Phoenix Group Holdings, Britain's largest owner of life assurance funds closed to new customers, posted cash generation from operating companies of 486 million pounds ($590.2 million) in 2016, meeting its target of 350-450 million pounds.

Jan 10 2017

BRIEF-Phoenix Group Holdings updates on cash position

* Has generated a total of 486 million stg of cash from group's operating companies in 2016

Jan 10 2017

UK's Phoenix gets approval to buy Deutsche Bank's Abbey Life

Britain's Phoenix Group Holdings said a banking supervisory body had cleared its deal to buy Deutsche Bank AG's British insurance business, Abbey Life Assurance.

Dec 13 2016

BRIEF-Phoenix says 97.65 per cent of new shares have been subscribed

* It had received valid acceptances in respect of 141,322,809 new shares representing 97.65 per cent of the new shares offered pursuant to its rights issue announced on 28 September 2016 to part finance the proposed acquisition of Abbey Life

Nov 09 2016

BRIEF-Phoenix Group completes acquisition of AXA business

* Announces completion of acquisition of AXA Wealth's pensions and protection businesses Source text for Eikon: Further company coverage:

Nov 01 2016

BRIEF-Phoenix Group shareholders approve resolutions over Abbey Life deal

* All resolutions regarding proposed acquisition of abbey life and associated rights issue were duly passed by a vote on a show of hands Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

Oct 24 2016

UK's Phoenix to buy Deutsche Bank's Abbey Life for $1.22 bln

Sept 28 Phoenix Group Holdings, Britain's largest owner of life assurance funds closed to new customers, said it would buy Deutsche Bank AG's British insurance business Abbey Life Assurance Co for 935 million pounds ($1.22 billion) in cash.

Sep 28 2016

BRIEF-Phoenix Group to buy Abbey Life 935 mln pounds

* Consideration and estimated expenses to be financed through fully underwritten rights issue to raise 735 mln stg, 250 mln stg new bank facility

Sep 28 2016

UK's Phoenix in advanced talks to buy Deutsche Bank's Abbey Life

Phoenix Group Holdings , Britain's largest owner of life insurance funds closed to new customers, said on Friday it was in advanced talks to buy Deutsche Bank AG's British insurance business, Abbey Life Assurance.

Sep 16 2016

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