London close: Stocks mixed as Bailey hints at rate cuts
22nd Mar 2024 16:09
(Sharecast News) - London's stock markets closed in a mixed state on Friday as investors weighed optimistic retail sales data against remarks from Bank of England Governor Andrew Bailey.
Read morePhoenix Group jumps on strong results as it sets out strategy
22nd Mar 2024 07:15
(Sharecast News) - Phoenix Group announced robust set of results for 2023 on Friday, with total cash generation of £2.024bn exceeding its upgraded target of £1.8bn for the year.
Read moreFriday preview: UK retail sales, Phoenix Group in the spotlight
21st Mar 2024 13:33
(Sharecast News) - Financial markets' focus at the end of the week would be on the UK consumer.
Read moreLondon close: Stocks slip ahead of central bank decisions
18th Mar 2024 15:33
(Sharecast News) - London markets closed with a slight downturn on Monday as investors monitored upcoming rate decisions from a number of central banks.
Read morePhoenix Group to report one-off £70m provision in results - report
18th Mar 2024 12:16
(Sharecast News) - Phoenix Group slumped on Monday after The Times suggested it will report a one-off provision of £70m in its annual results on Friday to cover the cost of reducing customer charges.
Read moreLondon close: Stocks turn lower as BoE keeps rates on hold
1st Feb 2024 16:48
(Sharecast News) - London's financial markets finished in the red on Thursday, reversing earlier gains after the Bank of England maintained interest rates at current levels.
Read morePhoenix Group hits growth targets early after strong 2023
1st Feb 2024 08:09
(Sharecast News) - UK savings and retirement business Phoenix Group said it was able to achieve its 2025 growth target two years early after a strong performance in 2023 with new business net fund flows up 80%.
Read moreLondon close: Stocks firmer ahead of key inflation readings
13th Nov 2023 14:33
(Sharecast News) - London markets closed in a resilient state on Monday, maintaining positive momentum from the end of last week after solid gains on Wall Street on Friday.
Read morePhoenix Group lifts FY cash generation targets
13th Nov 2023 08:03
(Sharecast News) - Insurer Phoenix Group said on Monday that it was lifting its full-year cash generation targets after completing the funds merger of its Standard Life and Phoenix Life businesses into a single entity.
Read moreNicholas Lyons to return as Phoenix Group chair
4th Oct 2023 09:36
(Sharecast News) - Phoenix Group said on Wednesday that Nicholas Lyons will be returning to the company and will be appointed chair of the board of directors with effect from 1 December.
Read moreLondon close: Stocks mixed as interest rate concerns simmer
28th Sep 2023 16:12
(Sharecast News) - London stocks finished with a varied performance on Thursday as investors pored over the latest US jobless claims data, with underlying anxieties regarding interest rates still bubbling away.
Read morePhoenix Group shares up on strong first-half figures
28th Sep 2023 10:14
(Sharecast News) - Phoenix Group reported significant first-half progress in its interim IFRS financial statements on Thursday, with an over twofold increase in new business long-term cash generation, surging to £885m.
Read moreFTSE 100 movers: Kingfisher down 11% after profit warning
19th Sep 2023 14:04
(Sharecast News) - Kingfisher lost more than a tenth of its market value on Tuesday after the DIY retail conglomerate warned shareholders that it would have to scale back profit guidance this year.
Read morePhoenix Group smashes forecasts with cash generation
18th Sep 2023 07:32
(Sharecast News) - Savings and retirement group Phoenix lifted its interim dividend by 5% after smashing forecasts with cash generation in the first half.
Read moreUK life insurers' exposure to Thames Water is 'minimal', Citi says
30th Jun 2023 10:59
(Sharecast News) - Analysts at Citi pointed out on Thursday that the UK life insurance sector's direct exposure to Thames Water was "minimal".
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