Phoenix sells Ark Life to Irish Life for £197m
13th Jul 2021 07:05
(Sharecast News) - UK insurer Phoenix Group on Tuesday said it had sold its Dublin-based Ark Life Assurance unit to Irish Life for €230m (£197m) as it started to streamline its European operations.
Read moreSwiss Re offloads half of its Phoenix Group holding
23rd Jun 2021 08:11
(Sharecast News) - Phoenix Group said on Wednesday that Swiss Re has sold 66,199,917 shares in Phoenix, representing about 6.6% of its total issued share capital.
Read morePhoenix Group terminates talks over sale of European businesses
15th Jun 2021 12:46
(Sharecast News) - Long-term savings and retirement company Phoenix Group said on Tuesday that discussions regarding the potential sale of its European businesses have ended.
Read morePhoenix in talks over possible sale of European businesses
18th May 2021 07:28
(Sharecast News) - Phoenix Group confirmed on Monday that it is in advanced talks about a potential sale of its European businesses.
Read morePhoenix ups dividend, posts record cash generation
8th Mar 2021 07:31
(Sharecast News) - Phoenix posted record annual cash generation and an increased dividend as it unveiled new cash targets.
Read morePhoenix Group to acquire full ownership of Standard Life brand
23rd Feb 2021 07:38
(Sharecast News) - Phoenix Group has entered into a new binding agreement with Standard Life Aberdeen, it announced on Tuesday, which will see it sell its SLAL UK investment and platform-related products to Standard Life Aberdeen, and acquire ownership of the Standard Life brand.
Read morePhoenix beats cash target and makes green pledges
3rd Dec 2020 07:02
(Sharecast News) - Phoenix Group said it beat its target for cash generation in 2020 as the closed life insurance company pledged to be carbon neutral by 2025.
Read morePhoenix Group confirms expressions of interest for European business
24th Nov 2020 07:15
(Sharecast News) - Phoenix Group Holdings confirmed press speculation regarding the possible sale of its European businesses.
Read moreMonday broker round-up
7th Sep 2020 13:36
(Sharecast News) - Phoenix Group: JP Morgan downgrades to neutral with a target price of 799.0p.
Read moreSunday share tips: Experian, Dogs of the Footsie
9th Aug 2020 15:17
(Sharecast News) - The Sunday Times's Emma Dunkley sounded a positive note on shares of Experian but nevertheless labelled the stock a 'hold' due to its valuation and the risks of a second wave of Covid-19.
Read morePhoenix Group cash generation 'strong' as it completes ReAssure acquisition
6th Aug 2020 07:29
(Sharecast News) - Phoenix Group reported "strong" cash generation in its first half on Thursday, of £433m, up from £287m year-on-year, as its Solvency II surplus improved to £4bn on 30 June, from £3.1bn at the end of December.
Read morePhoenix Group reaffirms intention to pay final dividend
7th May 2020 11:09
(Sharecast News) - Phoenix Group on Thursday reaffirmed its intention to pay a final dividend and said it continues to target cash generation of up to ?900m in 2020.
Read moreFTSE 100 movers: Insurers, precious metals miners pace gains
9th Apr 2020 20:31
(Sharecast News) - Insurers' shares paced the market advance at the end of the holiday-shortened week, benefiting from the general 'risk-on' environment and positive analyst chatter.
Read moreFTSE 100 risers: Oil majors, insurers power 'bear market' rally
24th Mar 2020 16:24
(Sharecast News) - Shares of oil majors BP and Royal Dutch Shell powered Tuesday's bear market rally on the Footsie, alongside big advances for insurers and some beaten down travel stocks.
Read morePhoenix confirms ?3.2bn ReAssure deal on track as it hails strong year
9th Mar 2020 12:17
(Sharecast News) - Phoenix Group hailed a "strong year" on Monday after the closed life assurance and pensions consolidator posted a sharp increase in annual profits.
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