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Just Group PLC (JUSTJ.L)

JUSTJ.L on London Stock Exchange

81.40GBp
11:55am EDT
Change (% chg)

1.25 (+1.56%)
Prev Close
80.15
Open
79.05
Day's High
86.40
Day's Low
79.05
Volume
6,449,486
Avg. Vol
6,493,680
52-wk High
173.00
52-wk Low
69.15

Latest Key Developments (Source: Significant Developments)

BRIEF-Just Group CEO sees UK 2018 bulk annuity deals well over 12 bln stg
Thursday, 15 Mar 2018 06:56am EDT 

Corrects headline and first bullet point to 12 billion pounds, not 20 billion pounds:CEO RODNEY COOK SEES UK 2018 BULK ANNUITY DEAL TOTAL AT "WELL OVER 12 BILLION POUNDS".CEO SAYS BULK ANNUITY PIPELINE "STRONGER THAN EVER"; WANTS TO PICK UP PACE OF DEALS.CEO: EXPECTS TO LAUNCH A PLATFORM TO HELP FINANCIAL ADVISORS SERVICE LESS-WEALTHY CUSTOMERS BEFORE YEAR-END.  Full Article

Just Group ‍says adjusted operating profit up 35 percent, final dividend up 6 percent
Thursday, 15 Mar 2018 03:09am EDT 

March 15 (Reuters) - Just Group Plc ::‍GROUP'S FOCUS ON PROFIT OVER VOLUME HAS DELIVERED A 35% PRO FORMA 2 INCREASE IN ADJUSTED OPERATING PROFIT​.‍STATUTORY NET PROFIT IN 12 MONTHS TO DECEMBER 2017 WAS £155M, UP FROM £148M IN 18 MONTHS TO DECEMBER 2016​.‍NEW BUSINESS PROFIT 3 INCREASED TO £170M, UP 37% COMPARED TO PRO FORMA 2016 2​.‍NEW BUSINESS MARGIN ROSE TO 9.0% FROM 6.8% PRO FORMA​.‍BOARD PROPOSES A FINAL DIVIDEND UP 6% TO 2.55P, MAKING 3.72P OF TOTAL DIVIDENDS FOR YEAR, ALSO UP 6%​.‍JUST ACHIEVED A COST SYNERGY RUN RATE OF £52M, ONE YEAR AHEAD OF SCHEDULE AND 30% ABOVE OUR INITIAL TARGET. MERGER IS NOW SUBSTANTIALLY COMPLETE​.‍NEW BUSINESS OPERATING PROFIT WAS £169.8M FOR 2017, AN INCREASE OF 37% COMPARED TO PRIOR YEAR, AND ADJUSTED OPERATING PROFIT BEFORE TAX GREW IN SAME PERIOD BY 35% AND WAS £220.6M​.  Full Article

Just Group Says Deputy Chairman Tom Cross Brown Will Retire
Tuesday, 13 Mar 2018 03:02am EDT 

March 13 (Reuters) - Just Group Plc ::JUST GROUP PLC - DEPUTY CHAIRMAN, TOM CROSS BROWN, WILL RETIRE AT NEXT AGM ON 17 MAY 2018.  Full Article

Just Says Raised 230 Mln Stg Of Tier 3 Capital Via Bond Issue​
Wednesday, 7 Feb 2018 07:00am EST 

Feb 7 (Reuters) - Just Group Plc ::‍HAS RAISED £230 MILLION OF TIER 3 CAPITAL VIA A 3.5% STERLING DENOMINATED BBB RATED 7 YEAR ISSUE​.‍BONDS WILL BE LISTED ON EURO MTF MARKET OF LUXEMBOURG STOCK EXCHANGE​.  Full Article

Just Group ‍Placing Shares Represent Approximately 5.3% Of Company's Issued Share Capital.​
Tuesday, 9 Jan 2018 02:04am EST 

Just Group Plc ::‍PERMIRA ( "SELLER"), SELLER ANNOUNCES THAT IT HAS SOLD AN AGGREGATE OF 50 MILLION ORDINARY SHARES IN JUST GROUP ( PLACING SHARES") AT A PRICE OF 157 PENCE PER SHARE ( "PLACING"​.‍PLACING SHARES REPRESENT APPROXIMATELY 5.3% OF COMPANY'S ISSUED SHARE CAPITAL.​.  Full Article

Just Group posts 3 pct rise in 9-mth statutory total sales
Wednesday, 1 Nov 2017 03:00am EDT 

Nov 1 (Reuters) - Just Group Plc :‍TOTAL RETIREMENT SALES FOR 9M 17 WERE 1% LOWER THAN PRO FORMA 2 NINE MONTH COMPARATIVE.‍STATUTORY BASIS TOTAL SALES ROSE 3% FROM £1,583M IN 9M 16 TO £1,631M IN 9M 17​.‍9M 17 LIFETIME MORTGAGE (LTM) ADVANCES OF £367M AMOUNTED TO 30% OF RETIREMENT INCOME SALES, AS WE CONTINUE TO OPTIMISE MATCHING​.‍GUARANTEED INCOME FOR LIFE (GIFL) 9M 17 SALES WERE BROADLY FLAT​.‍MERGER COST SAVINGS NOW EXCEED £45M REVISED TARGET RUN RATE AND REMAIN A KEY ELEMENT OF DELIVERING A BETTER RETURN ON EQUITY.‍DEFINED BENEFIT DE-RISKING SALES OF £564M IN 9M 17 WERE BROADLY IN LINE WITH PRO FORMA 9M 16​.  Full Article

Bookrunner to place about 93 mln shares in Just Group ABB
Monday, 25 Sep 2017 11:39am EDT 

Sept 25 (Reuters) - Bookrunner::BLOCK TRADE - JUST GROUP : BOOKRUNNER TO SELL C.93 MILLION SHARES IN JUST GROUP, WHICH REPRESENTS APPROXIMATELY 10% OF COMPANY'S ISSUED SHARE CAPITAL.BLOCK TRADE - JUST GROUP : BOOKRUNNER SAYS PLACING SHARES ARE BEING OFFERED BY WAY OF ABB, TO BE LAUNCHED IMMEDIATELY FOLLOWING THIS ANNOUNCEMENT.BLOCK TRADE - JUST GROUP : BOOKRUNNER SAYS BARCLAYS BANK AND NUMIS SECURITIES ACTING AS JOINT BOOKRUNNERS IN CONNECTION WITH PLACING.  Full Article

Permira decides not to participate in Just Group placing -bookrunner
Monday, 25 Sep 2017 11:24am EDT 

Sept 25 (Reuters) - JUST GROUP PLC : BOOKRUNNER: :PERMIRA HAS ELECTED NOT TO PARTICIPATE IN JUST GROUP EQUITY PLACING TAKING PLACE VIA ACCELERATED BOOKBUILD‍​.OFFER PRICE WILL BE DETERMINED WITH REFERENCE TO MARKET.  Full Article

Just group H1 profit up 39 pct, sees FY margin above 8 pct
Wednesday, 13 Sep 2017 02:08am EDT 

Sept 13 (Reuters) - Just Group Plc :Interim results for six months ended 30/6/2017.Adjusted 3 operating profit grew 39 pct in H1 2017 compared to pro forma H1 2016..Achieving a 106 pct increase in new business profit..IFRS statutory profit before tax for 6 months to June 2017 was 66 mln pounds.Retirement income sales grew by 16 pct, and IFRS new business margins increased from 5.0 pct (pro forma) to 8.9 pct..CEO Rodney Cook says a 2017 full year margin above 8 pct seems increasingly likely, given over 260 mln pounds of defined benefit already transacted in Q3..Board has declared an increased interim dividend of 1.17p.  Full Article

JRP Group changes name to Just Group Plc
Friday, 19 May 2017 06:53am EDT 

May 19 (Reuters) - JRP Group Plc ::Says at AGM held on may 18, shareholders of company voted in favour of company changing its name to Just Group Plc.  Full Article