Aviva mandates Barclays to sell Turkish unit, sources say
18th Feb 2013 14:08
Barclays has been ordered to sell the Turkish unit of British insurer Aviva, sources told Reuters on Monday. Aviva mandated the bank to sell the entire unit of its Turkish non-life insurance company Aviva Sigorta. "It's a pretty tough sell as they don't have a banking distribution channel, but the
Read moreBroker snap: Panmure Gordon ups target on RSA
18th Feb 2013 11:39
Analysts at Panmure Gordon have this morning issued a research note telling clients to 'hold' on to shares of non-life insurer RSA. In their view the company's valuation is fully up to speed, given the improving but still challenging trading conditions. In greater detail, they explain that RSA stil
Read moreAviva announces raft of senior management appointments
7th Feb 2013 10:41
FTSE 100-listed insurance group Aviva has reported a raft of appointments to its senior management board as it seeks to position business leaders in its key markets. In a company update issued on Thursday the group reported that David McMillan had been appointed as Chief Executive Officer of Aviva
Read moreAviva appoints Stein as a non-executive director
28th Jan 2013 12:52
British multinational insurance company Aviva has appointed Bob Stein as Non-Executive Director of the company, a statement issued by the company on Monday disclosed. Stein is currently a Non-executive Director and Vice-Chair of the audit committee of Assurant. He is also a member of the Society of
Read moreSunday share tips: Tullow Oil, AstraZeneca, Aviva
27th Jan 2013 17:20
It may be time for Aidan Heavey to step aside at Tullow Oil. The former accountant, 59, is rightly feted as one of the oil industry's great entrepreneurs. Beginning with a tiny start-up in 1986 the Irishman turned Tullow into one of the most successful explorers in the world. Its 10.7bn pound market
Read moreBroker snap: UBS downgrades insurers Standard Life and Phoenix
22nd Jan 2013 09:50
In its review of the insurance sector, UBS also cut its recommendation for peers Standard Life and Phoenix from 'neutral' to 'sell' on valuation grounds. The broker said: "After strong share price performance in 2012, the sector no longer offers such clear value, and fundamentals look challenging"
Read moreFTSE 100 movers: Meggitt lower on Boeing battery link
21st Jan 2013 16:07
Aerospace components engineer Meggitt was lower after being identified as the ultimate owner of a company which provided battery charger units for Boeing's now grounded Dreamliner air fleet. Pearson was also lower after weakness in the fourth-quarter selling season, which is key for higher educati
Read moreLondon midday: Markets edge higher on light volumes
21st Jan 2013 11:41
- Admiral leads Footsie higher - Wall Street closed for MLK Day - BoJ expected to announce stimulus; Eurogroup meet in Brussels Stock markets across Europe were making small gains on Monday morning with volumes said to be light in the absence of trading on Wall Street later on. "European equities
Read moreLondon open: Admiral leads market higher early on
21st Jan 2013 08:27
The FTSE 100 edged higher in early trading on Monday morning ahead of key meetings in Japan and Europe, though volumes are said to be light given a national holiday in the US. "We could see some choppy markets today, with trading volumes severely reduced as US markets shut in observance of Martin L
Read moreSunday share tips: Bovis Homes, Aviva, Carphone Warehouse
20th Jan 2013 16:55
Dairy Crest supplies a third of the country's milk, including all that sold by Waitrose and Marks & Spencer. Sainsbury's and Morrison - but not Tesco - are key customers, too, as well as corner shops, hospitals and restaurants. But milk is a commodity and profit margins are low, so the company has t
Read moreAviva sells 49 per cent stake in JV group
17th Jan 2013 12:19
Aviva, the British multinational insurance company, has agreed to sell a 49 per cent stake in CIMB Aviva to a subsidiary of Sun Life Financial. CIMB-Aviva, which is being sold for £152m cash, is a joint venture between Aviva International Holdings and CIG Berhad, which is ultimately owned by CIMB
Read moreLondon close: Markets end the week with slight gains
11th Jan 2013 17:04
- Japan launches new stimulus package - Chinese inflation rises in December - Tullow misses production forecasts in 2012 UK stocks finished with slight gains on Friday on the back of plans for economic stimulus in Japan, as markets were able to shrug off some weakness in the mining sector. The F
Read moreFTSE 100 movers: IAG performs strongly after upgrade
11th Jan 2013 14:31
British Airways and Iberia owner IAG was in demand throughout the day after UBS upgraded the stock from 'neutral' to 'buy', following its underperformance against other European airline shares under the broker's coverage. "We think that IAG could be the laggard most likely to outperform in 2013 sh
Read moreLondon midday: Stocks rise as Japan attempts to boost growth
11th Jan 2013 11:31
- Japan launches new stimulus package - Chinese inflation rises in December - UK production misses the mark in November Markets were making small gains on Friday morning as hopes for the Japanese economy offset concerns about price rises in China and a downbeat reading of UK production. News from
Read moreLondon open: Markets cautious after Chinese inflation figures
11th Jan 2013 08:24
UK markets opened tentatively on Friday morning, making only slight gains as investors digested inflation data in China and economic stimulus in Japan. Chinese inflation rose to 2.5% in December as cold weather resulted to a increase in food prices. "While the figure remains well below the inflatio
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