Phoenix 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".
Read morePhoenix Group FY pre-tax losses widen
13th Mar 2023 08:04
(Sharecast News) - Insurance firm Phoenix Group said on Monday that pre-tax losses had widened in the twelve months ended 31 December amid a fall in assets under administration.
Read moreBerenberg downgrades L&G and M&G to 'hold'
31st Jan 2023 08:05
(Sharecast News) - Analysts at Berenberg downgraded insurers Legal & General and M&G from 'buy' to 'hold' on Tuesday, citing high correlation to credit and the UK economy, as well as a lack of organic growth in the latter's asset-management business.
Read morePhoenix Group on track for 'strong' year of organic growth
6th Dec 2022 07:22
(Sharecast News) - Phoenix Group described a year of "strong organic growth" in an update on Tuesday, saying it expected to deliver around £1.2bn of incremental, organic new business long-term cash generation in 2022.
Read morePhoenix Group plans to back new nuclear power stations - report
3rd Oct 2022 07:56
(Sharecast News) - Phoenix Group is reportedly preparing to back the government's plans for a nuclear renaissance, but only if ministers overhaul the funding model that previously led to the collapse of proposed power stations.
Read moreSunday share tips: Phoenix Group, AB Dynamics
21st Aug 2022 16:40
(Sharecast News) - The Financial Mail on Sunday's Midas column recommended readers 'buy' shares of Phoenix Group, highlighting how it appeared to be on a path to strong growth and higher dividends.
Read morePhoenix Group delivers record H1 performance
15th Aug 2022 07:11
(Sharecast News) - Insurer Phoenix Group said on Monday that it had delivered a record first-half performance, leading the group to up its interim dividend.
Read moreJPMorgan upgrades L&G, downgrades Phoenix
8th Aug 2022 08:03
(Sharecast News) - In a note on the UK life insurance sector on Monday, JPMorgan Cazenove upped its stance on Legal & General but downgraded M&G and Phoenix Group.
Read morePhoenix Group to buy Sun Life for £248m
4th Aug 2022 07:55
(Sharecast News) - Phoenix Group said it was buying closed book UK life insurance company Sun Life for £248m.
Read moreDirector dealings: Bank of Cyprus director invests, Phoenix CEO covers tax bill
30th Mar 2022 13:39
(Sharecast News) - Bank of Cyprus disclosed a series of purchases made by a non-executive board member on Wednesday, worth almost £0.4m.
Read morePhoenix boosts dividend on 'record' results
14th Mar 2022 07:01
(Sharecast News) - Phoenix Group has upped its dividend after annual cash generation exceeded expectations, the blue chip life insurer said on Monday.
Read morePhoenix Group chairman takes sabbatical to act as Lord Mayor of the City of London
23rd Feb 2022 07:42
(Sharecast News) - Insurance provider Phoenix Group said on Wednesday that chairman Nicholas Lyons will take a sabbatical from the group in order to take up a one-year term as Lord Mayor of the City of London.
Read moreAbrdn sells 40m Phoenix Group shares in placing
28th Jan 2022 07:55
(Sharecast News) - Abrdn has sold just under 40m shares in Phoenix Group in placing to institutional investors, raising gross proceeds of around £264m.
Read morePhoenix on track to hit cash generation target as profits rise
11th Aug 2021 07:46
(Sharecast News) - UK life insurer Phoenix said it was on track to hit the upper end of its annual cash generation target range as it unveiled higher interim profits on Wednesday.
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