Phoenix Group Holdings (PHNX.L)
24 Nov 2017
Aug 24 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
Aug 24 Phoenix Group, Britain's largest owner of closed life assurance funds, is considering buying some of the bulk annuity portfolios that have come on the market in recent months, it said on Thursday.
Aug 24 British life insurer Phoenix Group plans to compete "selectively on accretive" bulk annuity deals in response to the large number of portfolios on the market, it said on Thursday.
* 360 MILLION POUNDS OF CASH GENERATION 2 IN H1 2017 (H1 2016: £147 MILLION)
(The following statement was released by the rating agency) LONDON, July 25 (Fitch) Fitch Ratings has upgraded Phoenix Life Limited's and Phoenix Life Assurance Limited's Insurer Financial Strength (IFS) Ratings to 'A+' (Strong) from 'A'. They are two of the principal operating life companies of Phoenix Group Holdings (Phoenix). Fitch has also upgraded Phoenix's Long-Term Issuer Default Rating (IDR) to 'A' from 'A-'. The Outlooks are Stable. Fitch has also upgraded Phoenix's senior notes to 'A-'
(The following statement was released by the rating agency) LONDON, July 04 (Fitch) Fitch Ratings has assigned Phoenix Group Holdings' (Phoenix; IDR A-/Positive) USD500 million dated subordinated Tier 2 notes (XS1639849204) a 'BBB-' rating. The notes are rated three notches below Phoenix's IDR of 'A-', comprising two notches for expected recovery and one for moderate non-performance risk. KEY RATING DRIVERS The notes have been issued by Phoenix under its GBP3 billion euro medium term note (EMTN)
* Board of phoenix group holdings ("phoenix") is pleased to announce appointments of two new non-executive directors, karen green (from 1 july 2017) and belinda richards (from 1 october 2017)