Phoenix 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".
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 more