Aviva completes Aseval settlement with Bankia
24th Apr 2013 08:14
Insurance group Aviva has received 608m euros in cash from its Spanish partner Bankia following the settlement and transfer of its entire holding in Spanish joint venture Aseval to Bankia. "The completion on this transaction demonstrates the delivery of our strategic imperatives and improves our l
Read moreFriday newspaper round-up: Vodafone, Aviva, Vedanta...
19th Apr 2013 06:55
"One of the biggest corporate deals in history edged closer yesterday after Verizon said that it was 'extremely confident' it could buy Vodafone's stake in North America's largest mobile network without triggering a huge tax bill," The Times says. Vodafone owns a 45 per cent stake in Verizon Wireles
Read moreAviva completes sale of CIMB Berhad businesses
12th Apr 2013 08:11
Insurance group Aviva has completed the sale of its 49 per cent stake in CIMB Aviva Assurance Berhad and CIMB Aviva Takaful Berhad to Canadian group, Sun Life Assurance Company. The £152m sale is part of the group's strategy to narrow its focus and concentrate on businesses and markets where it ho
Read moreBroker tips: Rio Tinto, Aviva, TUI Travel
27th Mar 2013 11:10
Credit Suisse has kept its 'outperform' rating and 4,000p target price for mining giant Rio Tinto following a revised technical report for the Oyu Tolgoi copper and gold project in Mongolia which included higher costs. "A capex increase has been well anticipated by the market in our view and reflec
Read moreBroker snap: UBS cuts target price for Aviva but stays upbeat
27th Mar 2013 10:27
UBS has reduced its target price for insurance group Aviva from 450p to 440p following this month's 2012 results but has maintained its 'buy' recommendation for the stock. Shares in Aviva have tanked 15% over the past month after a surprise cut in the dividend for 2012, as it took a £3.3bn write-do
Read moreLondon close: Markets subdued in Budget aftermath
20th Mar 2013 16:16
Markets on the whole gave a muted reaction to George Osborne's Budget Statement today, in which he warned that Britain would grow less and borrow more than originally estimated, while traders continued to digest developments elsewhere, including the Cypriot bailout and a meeting at the US Federal Re
Read moreFTSE 100 movers: RBS boosted by Liberum Capital upgrade
20th Mar 2013 15:49
Royal Bank of Scotland was higher after Liberum Capital upgraded the stock to 'buy' with its target price at 340p. Hammerson also climbed following an upgrade by Oriel Securities to add. A number of property and construction & materials companies were higher, boosted by new plans unveiled in the
Read moreSector movers: Prudential boosts life insurance sector as profits surge
13th Mar 2013 15:13
An impressive rise in the share price of financial services firm Prudential meant that the life insurance sector was the best performer of the day on Wednesday. Prudential, which provides insurance, pensions and asset management, was trading 8.07% higher at 1,112p in afternoon trade after increasin
Read moreNew Aviva chief invests half a million quid after share-price fall
12th Mar 2013 16:30
Mark Wilson, the newly-appointed Chief Executive Officer of insurance giant Aviva, bought his first stake in the company on Tuesday, just days after the firm disappointed the City with its results for 2012. Wilson acquired 150,000 ordinary shares at 321.1113p each for a total of £481,667, his total
Read moreJohn Menzies director trades in 100,000 shares
11th Mar 2013 16:20
Ian Harrison, a non-executive Director of John Menzies, the FTSE 250 aviation and distribution group, has sold 100,000 at 766.00p each, it was announced Monday. The £766,000 transaction comes less than a week after the company pleased investors with an upbeat set of full-year results for 2012, desp
Read moreSunday share tips: Prudential, Diageo, TUI Travel
10th Mar 2013 22:05
Over the last five years Prudential benefitted greatly from its expansion in southeast Asia, as the region´s middle class emerged. Helping matters was the lack of a social safety net and free health services in these countries, which stoked demand for the company´s insurance products. Thus, in the l
Read moreLondon close: Markets cement gains after strong US jobs data
8th Mar 2013 16:56
The FTSE 100 registered its highest closing price in over five years on Friday after a key indicator of the US labour market smashed expectations. However, the figures failed to give stocks a boost in afternoon trade as investors pondered whether the data is strong enough to prompt the Federal Rese
Read moreCupid CEO shows commitment to group with share purchase
8th Mar 2013 16:11
Dating group Cupid announced Friday that its Chief Executive, Bill Dobbie, had on Thursday purchased 865,000 ordinary shares at 114.11p each, following a strong set of full year results out earlier in the week. The purchase cost him £987,052 and took his stake in the group to just under 14.68m sha
Read moreFTSE 100 movers: Evraz rises on hopes of greater demand from Asia
8th Mar 2013 15:15
Evraz rose into the top spot as the prospects of greater demand from Asia looked up, boosted by the release of a sharp upwards revision to Japanese growth estimates for the last three months of 2012. Shares in financial companies were also making decent gains in early trading as risk appetite incr
Read moreLondon midday: Stocks rise as market prices in strong US jobs data
8th Mar 2013 11:36
Markets maintained their positive bias on Friday morning as traders showed confidence ahead of a key reading of labour-market strength in the US later on, the February employment report. Increased risk appetite in London meant that financial stocks were leading the way higher today. Expectations r
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