Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Aviva PLC Add to portfolio

LON100:AV, Jun 06, 08:08 UTC

Latest LON100:AV News

Filter your feed

Apply Filter

Thursday, May 21


News

BRIEF-Lawmaker seeks FCA update on Aviva preference shares redemption

AV AV

SECTIONS. Home. Business. Markets. World. India. Technology. Money. BRIEF-Lawmaker seeks FCA update on Aviva preference shares redemption. May 21 (Reuters) -. * MEL STRIDE WRITES TO FCA ON AVIVA PREFERENCE SHARES. * CHAIR OF TREASURY COMMITTEE, HAS TODAY WRITTEN TO CHRISTOPHER WOOLARD, INTERIM CHIEF EXECUTIVE OF FINANCIAL CONDUCT AUTHORITY (FCA), SEEKING INFORMATION ABOUT PROGRESS OF ANY INVESTIGATIONS THAT MIGHT BE ONGOING INTO AVIVA OR WIDER MARKET IN PREFERENCE SHARES. * In March 2018, the FCA stated that it was "undertaking a review to establish whether there are circumstances that might require an investigation to be conducted". Source text for Eikon: Further company coverage: [ ] (Reporting By Sinead Cruise).

Read Full Details

Topics:
  • Business
  • Financial
  • Science
News

Aviva sees 160 million pounds in COVID-19 claims, weaker second quarter

AV AV

LONDON (Reuters) - British insurer Aviva expects 160 million pounds in claims related to the coronavirus pandemic and weaker second quarter sales, it said on Thursday, as government lockdowns aimed at containing the virus hit the global economy. Insurers globally are likely to face more than $107 billion in underwriting losses due to the pandemic this year, similar in size to major hurricane years, the Lloyd's of London insurance market said last week. Aviva, which has operations in Asia, mainland Europe and Canada as well as Britain, said new life insurance sales rose by 28% to 12.3 billion pounds in the first quarter, helped by a strong performance in bulk annuities, which involve taking on the risk of company defined benefit pension schemes. Aviva said on Thursday the "vast majority" of its commercial policies did not cover business interruption claims arising from COVID-19, but it had paid some claims in Britain and Canada where cover was in place.

Read Full Details

Topics:
  • Business
  • Financial
  • Health

Tuesday, May 19


News

Ex-Lloyds finance chief George Culmer takes Aviva Chairman role

AV AV

Ex-Lloyds finance chief George Culmer takes Aviva Chairman role. May 19 (Reuters) - Aviva on Tuesday named former Lloyds Banking Group finance chief George Culmer as its chairman, as the British insurer grapples with the fallout of the coronavirus crisis. Culmer, who helped navigate Lloyds through its return to private ownership, oversaw the return of its dividend and recent expansion into wealth management, also previously served as chief financial officer at RSA Insurance. Aviva, whose shares have plunged 42% so far this year, also faces investor calls to break up the company.

Read Full Details

Topics:
  • Business
  • Financial

Friday, May 15


News

Iput buys Aviva stake in landmark Dublin office Riverside One

AV AV

Iput buys Aviva stake in landmark Dublin office Riverside One. Irish property company has moved to consolidate its ownership of the headquarters of one of Ireland’s top law firms with a deal to acquire a 29.2 per cent interest in the building held by for about €37.5 million. The company has a further 700,000sq ft of office space under development in Dublin, including , which is pre-let in its entirety to LinkedIn, and the Tropical Fruit Warehouse in the city’s south docklands. Last month, the company secured the largest letting in the Dublin logistics market since 2010 when it agreed a 20-year lease with for 325,000sq ft at Damastown Business Park in Dublin 15. While a spokesman for Iput declined to comment on its acquisition of Aviva’s interests in Riverside One and Unit D at Kilcarbery, the two transactions are very much in keeping with its twin-track investment strategy of investing in prime offices within Dublin’s core central business district and increasing its exposure to the logistics sector.

Read Full Details

Topics:
  • Business
  • Financial

Monday, May 04


News

Two reasons why the market is missing a trick with Aviva

AV AV

Two reasons why the market is missing a trick with Aviva. After the turmoil we've seen in 2020, there are signs that stocks like Aviva (LON:AV.) Good quality stocks are loved by the market because they're more likely to be solid, dependable businesses. A rule of thumb for a reasonable Earnings Yield might be 5%, and the Earnings Yield for Aviva is currently 207%.In summary, good quality and relatively cheap valuations are pointers to those stocks that are some of the most appealing to contrarian value investors.

Read Full Details

Topics:
  • Business
  • Financial

Monday, April 20


News

Aviva Investors braces for ‘deep global recession in 2020’

AV AV

The coronavirus pandemic is set to lead to the “deepest global recession of the post-war period”, according to Aviva Investors, which has boosted allocations to governments bonds, and moved to “a more cautious currency allocation” and an equity underweight positon. In a statement, Aviva Investors said while it is "impossible to forecast" the depth of the economic crisis, a decline in global activity of between 10% and 20% in the first half of 2020 "is plausible". Explaining the firm's positioning, Aviva Investors head of investment strategy and chief economist Michael Grady said:. "We have increased our preference to be overweight government bonds, reflecting our view central banks will continue to act to maintain easy monetary conditions, and at the same time allow fiscal space to be created without higher yields. "Our modest underweight equity allocation reflects our concern that economic weakness will translate into historically weak corporate earnings in 2020, which we do not think markets are fully discounting at this time. "We have moved to a more cautious stance in our currency allocation, with a preference to be long Japanese yen and short other Asian currencies.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, April 16


News

British insurer Aviva halts executive bonuses, pay rises

AV AV

British insurer Aviva halts executive bonuses, pay rises. Reuters{{monthName}} {{day}}, {{year}}, {{hour12}}:{{minuteTwoDigit}} {{dayPeriod}}. LONDON (Reuters) - British insurer Aviva <AV.L> said on Thursday its executive directors and leadership team would not be considered for any bonus for 2020 until dividends are restarted. Basic pay rises for executive directors and the leadership team due on April 1 have also been halted until dividends restart, Aviva said in a statement. Aviva said last week it would not pay a final dividend for 2019, following regulatory pressure on insurers to maintain strong capital positions.

Read Full Details

Topics:
  • Business
  • Financial

Tuesday, April 14


News

Aviva shares: undervalued after dividend postponement?

AV AV

The postponement of dividends has unsurprisingly been a theme as the spread of COVID-19 has accelerated in the UK. In that letter, Woods emphasised insurers' responsibilities to 'protect policyholders' so firms can play a 'full part in supporting the real economy throughout the economic disruption' caused by the pandemic. Immediate effect on Aviva share price but long-term outlook remains unclear. While it may be a sure-fire way to reduce the value of shares, pressure from high places and possible negative publicity drove insurers to view dividend suspension as the sensible choice. L&G's 3 April announcement to distribute £750 million to shareholders defied the pleas of the BoE, while the insurer also chose not to fall in line when Aviva and others made the decision to postpone. If L&G reneges on this choice, then the early clarity provided by Aviva will stand out as an intelligent move. If L&G can honour stakeholder payments and successfully manage operations during the pandemic, then investors in Aviva will inevitably have questions about the company's strategy. For now, Aviva shares appear to have shaken off the malaise caused by both the FTSE 100 crash and the dividend suspensions.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, April 09


News

Aviva’s share price falls 40%. Here’s why I’d still invest with dividends suspended

AV AV

On Wednesday, Aviva’s (LSE: AV) share price took another tumble as the UK insurers scrapped plans to pay dividends. The announcement rubs further salt in the wounds of income investors, who have already been hurt by the UK banks agreeing to cease dividend pay-outs. Only Legal & General confirmed it would push ahead with its pay-out. So, with a falling share price and a suspension of dividends, things don’t look too good on the surface for Aviva. But here’s why I’d still invest in the FTSE 100 insurance stalwart. A bright future for Aviva. Although it remains too early to determine the full impact of the coronavirus outbreak on business, I’m confident Aviva can weather the financial storm. If so, investors can expect to be rewarded twofold as Aviva’s share price recovers and dividend payments start up again.

Read Full Details

Topics:
  • Business
  • Financial

Wednesday, April 08


News

StarCompliance Partners With Aviva To Manage Financial Crime Risk

AV AV

StarCompliance, a leading provider of financial compliance software solutions, announced that it has partnered with Aviva plc (“Aviva”) to deliver Star’s best-in-class software to the company’s 30,000+ employees. “They've made financial crime detection and mitigation a key part of their corporate culture, and aim to lead the way in protecting their clients, their employees, and their industry from the malignant effects of financial crime, which costs the global economy trillions of dollars a year.”. After the success of a limited STAR software implementation in 2017 in its asset management business, Aviva elected to increase its usage across the organization. Peter Hazlewood, Group Financial Crime Risk Director at Aviva, commented on the firm’s investment in the STAR software: “Aviva is committed to playing our part in tackling financial crime.

Read Full Details

Topics:
  • Business
  • Financial
  • Science