Delta Lloyd Has Sold Private Banking Activities
13th Jul 2010 07:12
AMSTERDAM (Dow Jones)--Dutch insurer Delta Lloyd NV (DL.AE), majority-owned by the U.K.'s Aviva PLC (AV.LN) has sold its private banking activities to Dutch bank Ten Cate & Cie, Delta Lloyd said Monday, without giving financial details. In a statement, Delta Lloyd said it wants to concentrate on
Read moreBroker tips: Insurers, Domino's Pizza, Falkland Oil
12th Jul 2010 13:27
With the results season for insurers about to kick off now might be a good time to invest in Legal and General (L&G) and Aviva, suggests Nomura Securities, with both companies likely to report strong cash generation and earnings to support their handsome dividend yields. Nomura is forecasting that
Read moreBroker snap: Nomura sees L&G and Aviva divi growth
12th Jul 2010 10:57
With the results season for insurers about to kick off now might be a good time to invest in Legal and General (L&G) and Aviva, suggests Nomura Securities, with both companies likely to report strong cash and earnings to support their handsome dividend yields. Nomura is forecasting that L&G will bu
Read moreNew Bank Bid Vehicle To List On LSE In Weeks - Source
8th Jul 2010 12:48
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Two city heavyweights are behind a new bank bid vehicle expected to list on the London Stock Exchange within weeks and buy up banking assets being sold by U.K. banks, a person familiar with the situation told Dow Jones Newswires
Read moreMARKET TALK: ABB, Credit Suisse Among Top Execution Nobel Picks
6th Jul 2010 11:18
1018 GMT [Dow Jones] Execution Nobel's top European picks going into the third quarter are ABB (ABB), Aviva (AV.LN), Cable & Wireless (CWC.LN), Centrica (CNA.LN), Credit Suisse (CS), Finmeccanica (FNC.MI), H&M (HM-B.SK), Lloyds (LYG), Mitchell & Butlers (MAB.LN), Prysmian (PRY.MI), Reed Elsevier (EN
Read moreADR Report: Shares Close Mostly Flat; Latin America Gets Lift
2nd Jul 2010 22:05
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York were mostly flat on light trading ahead of the July Fourth weekend, though strength in Latin America couldn't hold up the broader ADR index. The Bank of New York index of ADRs slip
Read moreUPDATE: Aviva Sees GBP33B Cash Flow From Life Ops Over 20 Yrs
2nd Jul 2010 14:06
(Adds detail, analyst, CFO comments.) By Vladimir Guevarra Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. insurer Aviva PLC (AV.LN) said Friday it expects GBP33 billion of cash flow from its life insurance business over the next 20 years. "Based on the contracts we have in place tod
Read moreAviva CEO: Sees GBP33B Cash Flow From Life Ops Over 20 Years
2nd Jul 2010 11:00
By Vladimir Guevarra Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. insurer Aviva PLC (AV.LN) said Friday it expects GBP33 billion of cash flow from its life insurance business over the next 20 years. "Based on the contracts we have in place today, GBP33 billion of undiscounted cash fl
Read moreAviva Reiterates Generating GBP1.3B Of Net Operating Capital In 2010
2nd Jul 2010 10:08
LONDON (Dow Jones)--U.K. life insurance company Aviva PLC (AV) is holding a presentation for investors and analysts Friday morning to provide clarity on one of its core strengths--its capital generation--and reiterated comments made in May that it expects to generate GBP1.3 billion of net operating
Read moreLondon close: Winning streak comes to an end
18th Jun 2010 16:44
Hopes of Footsie making it eight days of rises in a row were dashed at the death. Leaders outnumbered laggards among FTSE 100 stocks but with BP giving up the gains of the morning after a downgrade from debt ratings agency Moody's the blue-chip index ended marginally easier on the day. BP, for once
Read moreLondon afternoon: Tesco hit by director pay rumblings
18th Jun 2010 14:29
Hopes of Footsie making it eight days of gains in a row were revived over the lunch-time session as the blue-chip index moved back into positive territory. Mining stocks are having a major say in Footsie's direction, with precious metals miners Fresnillo and Randgold to the fore. BP is higher desp
Read moreLondon midday: Footsie gives back early gains
18th Jun 2010 12:04
Footsie has now dipped into the red as the early rally by the miners faded away, though BP continues to recover. News that the net cash requirement for the public sector came in at £11.96bn, against expectations of £20.25bn has had little benefit. The accruals-based measure of public sector net bor
Read moreBP Shares Gain In Mildly Higher FTSE 100
18th Jun 2010 11:55
By Sarah Turner Of MARKETWATCH BP shares gained in British share trading on Friday, paring a fraction of the steep losses made since the explosion that sparked a massive oil spill in the Gulf of Mexico. BP (BP) climbed 4% to 374 pence, taking losses since the explosion on April 20 to 4
Read moreBroker tips: Pru, BSkyB, N. Brown
16th Jun 2010 13:10
The determination by the management of Prudential to boost the company's presence in Asia may pay off in the long term for the insurer but Nomura Securities thinks that insurers with a greater UK focus than the Pru may do better in the near to medium term. Although Nomura agrees with the convention
Read moreBroker snap: Nomura neutral on the Pru
16th Jun 2010 11:47
The determination by the management of Prudential to boost its presence in Asia may pay off in the long term for the insurer but Nomura Securities thinks that insurers with a greater UK focus than the Pru may do better in the near to medium term. Although Nomura agrees with the conventional wisdom
Read more