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Aviva PLC (AV.L)

AV.L on London Stock Exchange

408.60GBp
14 Jun 2019
Change (% chg)

-4.20 (-1.02%)
Prev Close
412.80
Open
410.80
Day's High
412.00
Day's Low
407.10
Volume
6,114,582
Avg. Vol
8,226,110
52-wk High
517.06
52-wk Low
361.80

Latest Key Developments (Source: Significant Developments)

Aviva CEO says company needs strong management accountability
Thursday, 6 Jun 2019 06:24am EDT 

June 6 (Reuters) - Aviva PLC ::CEO SAYS "NEEDS TO BE LEAN", WITH "STRONG LINES OF MANAGEMENT ACCOUNTABILITY".CEO TELLS INVESTOR DAY ~MANAGEMENT OF CAPEX COULD HAVE BEEN BETTER.CEO TELLS INVESTOR DAY ~PAYBACK FROM DIGITAL BUSINESS HAS BEEN LONGER THAN EXPECTED.~CANADA ON TRACK TO ACHIEVE UNDERWRITING PROFITABILITY IN 2019.~LOWER BULK ANNUITY SALES COMPARED TO H1 2018 RECORD LEVELS, PIPELINE GIVING CONFIDENCE FOR FULL-YEAR GROWTH.CEO ~SPECIAL DIVIDENDS WILL BE LOWER GOING FORWARD.CEO ~WILL ANNOUNCE NEW CEO FOR CANADA ON FRIDAY.  Full Article

UK'S Unite Says Arranged Urgent Discussions With Aviva
Thursday, 6 Jun 2019 03:19am EDT 

June 6 (Reuters) - UK'S Unite::UK'S UNITE - ARRANGED URGENT DISCUSSIONS WITH AVIVA MANAGEMENT IN ORDER TO ASCERTAIN RATIONALE FOR CUTTING AN ALREADY EXTREMELY STRETCHED WORKFORCE.UNITE SAYS HAS MADE IT CLEAR TO AVIVA MANAGEMENT THAT UNION WILL STRONGLY CHALLENGE ANY ATTEMPT TO MAKE COMPULSORY REDUNDANCIES.  Full Article

Aviva posts 2 pct rise in 2018 post-tax profits, dividend boost
Thursday, 7 Mar 2019 02:02am EST 

March 7 (Reuters) - Aviva PLC ::OPERATING EPS UP 7% TO 58.4 PENCE (2017: 54.8 PENCE).IFRS PROFIT AFTER TAX UP 2% TO £1,687 MILLION (2017: £1,646 MILLION).FINAL DIVIDEND PER SHARE 20.75 PENCE.SOLVENCY II CAPITAL SURPLUS £12.0 BILLION (2017: £12.2 BILLION).VALUE OF NEW BUSINESS DOWN 3% TO £1,202 MILLION (2017: £1,243 MILLION).GENERAL INSURANCE NET WRITTEN PREMIUM STABLE AT £9,114 MILLION (2017: £9,141 MILLION).OPERATING EXPENSES UP 7% TO £4,026 MILLION (2017: £3,778 MILLION).TOTAL 2018 DIVIDEND PER SHARE 30.0 PENCE (2017: 27.4 PENCE).  Full Article

Aviva completes share buyback programme
Tuesday, 18 Sep 2018 02:01am EDT 

Sept 18 (Reuters) - Aviva PLC ::AVIVA PLC ("AVIVA") ANNOUNCES THAT IT HAS SUCCESSFULLY COMPLETED SHARE BUYBACK PROGRAMME WHICH WAS NOTIFIED TO MARKET ON 01 MAY 2018.AVIVA ACQUIRED 119,491,188 SHARES AT AN AVERAGE PRICE OF £5.02 PER SHARE.  Full Article

UK lawmaker ‍Nicky Morgan welcomes watchdog's review Of Aviva's preference shares plan
Wednesday, 28 Mar 2018 08:52am EDT 

March 28 (Reuters) - Aviva Plc ::UK LAWMAKER ‍NICKY MORGAN WELCOMES FCA'S REVIEW OF AVIVA'S PREFERENCE SHARES PLAN​.MORGAN SAYS - ‍" FCA RIGHTLY HIGHLIGHTED LEGAL UNCERTAINTY SURROUNDING RIGHTS AND TERMS OF PREFERENCE SHARES. I EXPECT THAT TREASURY WILL CONSIDER HOW BEST TO RESOLVE THIS UNCERTAINTY AS A MATTER OF URGENCY."​.  Full Article

BlackRock appoints Aviva CEO as non-executive director
Friday, 16 Mar 2018 03:13am EDT 

March 16 (Reuters) - Aviva Plc ::DIRECTOR DECLARATION.‍BOARD OF DIRECTORS OF BLACKROCK, INC. A COMPANY LISTED ON NEW YORK STOCK EXCHANGE, HAS APPOINTED MARK WILSON, GROUP CHIEF EXECUTIVE OFFICER AT AVIVA PLC, AS A NON-EXECUTIVE DIRECTOR WITH IMMEDIATE EFFECT​.  Full Article

Aviva 2017 operating profit up 2 pct to 3.1 bln stg
Thursday, 8 Mar 2018 02:00am EST 

March 8 (Reuters) - Aviva Plc ::FY OPERATING PROFIT 3.508 BILLION STG VERSUS 3.3 BILLION STG YEAR AGO.TOTAL DIVIDEND UP 18 PERCENT TO 27.4 PENCEPER SHARE.FINAL DIVIDEND 19 PENCEPER SHARE.‍AVIVA GREW OPERATING EARNINGS PER SHARE BY 7%​.‍FULL YEAR DIVIDEND BY 18%​.‍WE EXPECT TO DEPLOY £2 BILLION OF EXCESS CASH, INCLUDING £900 MILLION IN DEBT​.‍IN EXCESS OF £500 MILLION OF CAPITAL RETURNS TO SHAREHOLDERS​.‍ABOUT £600 MILLION FOR BOLT-ON ACQUISITIONS​.‍OPERATING EPS 1,2 UP 7% TO 54.8 PENCE (2016: 51.1 PENCE)​.‍OPERATING PROFIT 3 UP 2% TO £3,068 MILLION (2016: £3,010 MILLION)​.‍SOLVENCY II COVER RATIO 1,4 198% (2016: 189%)​.‍TOTAL GROUP ASSETS UNDER MANAGEMENT 1 (AUM) UP 9% TO £490 BILLION (2016: £450 BILLION)​.‍COMBINED RATIO . GENERAL INSURANCE COMBINED OPERATING RATIO 1 96.6% (2016: 94.2% 5 )​.‍2017 TOTAL DIVIDEND PER SHARE UP 18% TO 27.4 PENCE (2016: 23.3 PENCE)​.  Full Article

Aviva Sells Remaining Spanish Businesses For 202 Mln Euros To Bankia​
Friday, 23 Feb 2018 02:19am EST 

Feb 23 (Reuters) - Aviva Plc ::AVIVA SELLS ITS REMAINING SPANISH BUSINESSES.AVIVA SELLS ITS REMAINING SPANISH BUSINESSES.DEAL ‍FOR A TOTAL CONSIDERATION OF EUR 202 MILLION​.‍CONSIDERATION REPRESENTS 2.1 TIMES AVIVA'S SHARE OF IFRS NET ASSET VALUE AND 22.5 TIMES AVIVA'S SHARE OF EARNINGS AFTER TAX OF THESE BUSINESSES​.‍TRANSACTION WILL RESULT IN AN INCREASE OF APPROXIMATELY £150 MILLION IN AVIVA'S SOLVENCY II CAPITAL SURPLUS​.‍TRANSACTION WILL RESULT IN AN INCREASE OF APPROXIMATELY £150 MILLION IN AVIVA'S SOLVENCY II CAPITAL SURPLUS​.‍SALE OF ITS ENTIRE SHAREHOLDING IN LIFE INSURANCE AND PENSIONS JOINT VENTURES CAJAMURCIA VIDA AND CAJA GRANADA VIDA TO BANKIA​.‍AVIVA WILL RETAIN A STAKE IN A SMALL LIFE INSURANCE OPERATION, PELAYO VIDA, AND A RESIDUAL SUPPORT CENTRE IN SPAIN​.  Full Article

Aviva CFO says solvency ratio to rise above 200 pct
Thursday, 30 Nov 2017 04:24am EST 

Nov 30 (Reuters) - Aviva ::CFO TOM STODDARD SAYS ~EXPECTS SOLVENCY CAPITAL RATIO TO RISE ABOVE 200 PERCENT OVER NEXT YEAR.CFO TOM STODDARD SAYS ~ WILL RETURN AT LEAST 500 MILLION STG IN CAPITAL IN 2018 THROUGH LIABILITY MANAGEMENT, SHARE BUYBACK OR BOTH.  Full Article

Aviva to deploy 3 bln stg in excess cash 2018, 2019
Thursday, 30 Nov 2017 02:00am EST 

Nov 30 (Reuters) - Aviva Plc ::AVIVA UPGRADES GROWTH, CASH AND DIVIDEND TARGETS*.‍GROWTH: TARGETING HIGHER THAN MID-SINGLE DIGIT PERCENTAGE GROWTH ANNUALLY IN IFRS OPERATING EARNINGS PER SHARE FROM 2019​.‍CASH: REMITTANCE TARGET INCREASED FROM £7 BILLION TO £8 BILLION1, ALLOWING AVIVA TO DEPLOY £3 BILLION OF EXCESS CASH OVER 2018 AND 2019​.‍THIS IS EXPECTED TO BE USED TO REPAY £900 MILLION OF DEBT IN 2018 AND FUND BOLT-ON ACQUISITIONS AND ADDITIONAL RETURNS TO INVESTORS​.‍DIVIDEND: PAY-OUT RATIO TARGET INCREASED TO 55-60% OF OPERATING EPS BY 2020​.‍WE ARE RAISING OUR EXPECTATIONS FOR EARNINGS GROWTH TO MORE THAN 5% ANNUALLY FROM 2019 ONWARDS​.‍EXCESS CASH, £2 BILLION OF WHICH WE PLAN TO DEPLOY NEXT YEAR​.‍IN 2018 WE EXPECT TO USE OUR EXCESS CASH TO PAY DOWN £900 MILLION OF EXPENSIVE DEBT, RETURN CAPITAL TO INVESTORS AND INVEST IN GROWING OUR BUSINESS​.  Full Article

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Aviva to cut 1,800 jobs globally, overhauls UK business

LONDON British insurer Aviva will cut 1,800 jobs globally as its new chief executive seeks to make the group more competitive by restructuring its British business and reducing costs across the business.