Aviva Non-Exec makes first investment
11th Nov 2013 16:53
British insurance company Aviva on Monday said recently appointed Non-Executive Director Michael Mire had bought 7,500 at 439.89p each, his only holding in the group. Mire joined the company in mid-September as part of its ongoing programme to refresh the board. The company said on his appointment
Read moreFriday tips round-up: Aviva, London Mining
8th Nov 2013 07:50
Despite all of the guarded words from Aviva's Chief Executive, Mark Wilson, yesterday, there are signs that the company's fortunes have turned around, as has its share price. Aviva's problem, Wilson maintained, had never been one of making money. It has been that it gets clogged up in costs, expense
Read moreAviva's value of new business rises 14 per cent in first nine months - UPDATE
7th Nov 2013 07:07
- Value of new business rises 14 per cent - Operating capital generation stable - Restructuring on track to deliver cost savings British insurance company Aviva said value of new business rose 14 per cent to 571m pounds in the nine months through September driven by growth in France, Turkey, Poland
Read moreLondon close: Stocks pull back from five-month high
23rd Oct 2013 17:01
- Miners, banks weigh on Footsie - Money-market rates spike in China - RSA up on bid speculation techMARK 2,624.47 -0.41% FTSE 100 6,674.48 -0.32% FTSE 250 15,494.97 -0.11% The FTSE 100 finished in negative territory for the first time in 10 trading sessions on Wednesday as traders took profits af
Read moreFTSE 100 movers: RSA rises amid heavy volume on bid talk
23rd Oct 2013 14:06
Chip designer ARM Holdings fell for the second straight day as investors gave a cool reaction to its third-quarter results. JPMorgan Cazenove said this morning that it sees "no reason to be building positions at this time and would take profits in the short term". A number of stocks were also trad
Read moreFTSE 100 movers: Vedanta hit by downgrade
9th Oct 2013 15:01
Vedanta Resources delivered record oil and gas production and a rise in the output of refined zinc, lead and silver in the second quarter. However, the stock was among the worst performers today after reportedly being downgraded by Morgan Stanley to 'underweight'. ARM Holdings also took a hit, trac
Read moreLondon midday: Markets pause at three-month low as UK data disappoints
9th Oct 2013 11:19
Disappointing UK production figures and the ongoing political deadlock in the US weighed on market sentiment on Wednesday morning, with the FTSE 100 subdued after hitting a three-month low the day before. London's benchmark FTSE 100 index was trading broadly flat by midday, erasing earlier losses,
Read moreLondon open: Stocks under pressure as debt ceiling looms
9th Oct 2013 08:22
Markets dropped sharply once again on Wednesday as investors' appetite for risk continues to be eroded by the ongoing government shutdown in the US. Not even the news that well-known dove Janet Yellen will be nominated as the next chair of the Federal Reserve lifted stocks this morning, with the FT
Read moreInterview - Ronnie Chopra gives his view on some fund managers´ favourite picks
8th Oct 2013 14:29
Most market participants are wary of taking any positions until the outcome of the budget negotiations Stateside is clearer. Hence, it is probably best take a more medium- to longer-term view of events when making investment decisions in the equity space, less one lose his nerve. The good news is th
Read moreLondon close: US budget impasse continues to knock investor sentiment
7th Oct 2013 17:15
Stocks bounced off their lows on Monday but still finished firmly in the red as the US government shutdown extended into its second week with politicians continuing to wrangle over the budget and impending debt ceiling. The FTSE 100 in London finished 16.6 points lower at 6,437.28, rallying in aft
Read moreFTSE 100 movers: M&S hit by Credit Suisse comments
7th Oct 2013 15:17
High Street department store Marks & Spencer was trading in the red after Credit Suisse retained its 'underperform' rating, saying that full-year forecasts "look demanding" after a weak first-half. The bank said the shares - trading at a 20 per cent premium to the long-term average - look "overbough
Read moreFriday tips round-up: Aviva, Ted Baker, Gemfields
4th Oct 2013 07:26
Aviva's sale of its USA unit means that the programme of sales of non-core businesses, or those that needed more capital than Aviva was prepared to commit, is now largely over. The US disposal allows internal debt to continue to reduce and boosts the key internal surplus capital ratio ? the differen
Read moreLondon midday: Stocks edge higher as data offsets US shutdown
3rd Oct 2013 11:34
Markets were rangebound on Thursday as investors focused on mixed economic data as the US government shutdown extended into its third day. "With little contagion from across the pond, at least until markets open, European indices are a touch higher this morning aided and abetted by positive corpora
Read moreLondon open: Stocks snap losing streak after Chinese data
3rd Oct 2013 08:43
Markets opened with small gains on Thursday morning as investors turned their focus away from another day of the US government shutdown and instead concentrated on a raft of economic data. While the continuing budget impasse Stateside will lead to non-essential government agencies being shut for a
Read moreAviva nets higher proceeds from sale of US arm - UPDATE
3rd Oct 2013 07:15
Aviva has completed the sale of its US business for a higher amount than it first expected. The FTSE 100 insurer said it will receive proceeds of $2.6bn (£1.7bn) from the sale of its US life and annuities business to Bermuda-based Athene Holdings. Aviva said this was around $0.8bn (£500m) more th
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