Phoenix Group sees good growth after Standard Life Assurance acquisition
29th Nov 2018 10:39
(Sharecast News) - Life and pensions consolidator Phoenix Group announced a "strong" 2018 year-to-date in a trading update on Thursday, as its investors prepared for the company's capital markets day.
Read moreFriday broker round-up
24th Aug 2018 14:41
(Sharecast News) - Antofagasta: RBC Capital Markets upgrades to outperform with a target price of 950p.
Read morePhoenix Group expects to beat cash generation target
23rd Aug 2018 08:30
(Sharecast News) - Phoenix Group said it expected to beat the upper end of its cash generation target as the closed life funds company posted flat profits for the first half.
Read morePhoenix appoints chairman to step in after Standard Life acquisition
3rd Aug 2018 09:42
(Sharecast News) - Insurance service provider Phoenix Group on Friday appointed former Lehman Brothers veteran Nicholas Lyons as group chairman, starting in September.
Read moreDirectors dealings: Phoenix Group buys in near five-year highs
16th Feb 2017 15:59
(ShareCast News) - Phoenix Group non-executive director Wendy Mayall bought into the company's shares roughly a month after the life insurance fund consolidator said it hit its 2016 target for cash regeneration of £486.0m. The firm also expected to make at least £250m from the integration of the AXA
Read moreMonday broker round-up
30th Jan 2017 13:05
(ShareCast News) - BT: Barclays reiterates overweight with a target price of 475p. ITV: Jefferies reiterates buy, 230p target. Phoenix: Deutsche Bank restarts coverage at buy with a 835p target. Paragon Group: JP Morgan reiterates underweight with a 355p target. Inmarsat: Deutsche Bank reiterates
Read moreSunday share tips: AO World, Phoenix Group
8th Jan 2017 22:29
(ShareCast News) - Should you want a new dishwasher, AO World may be a good option but it´s too soon to buy into the shares, The Times´s Tempus said. The online white goods seller had already taken 20% of its market and an update due on 12 January was likely to show strong growth. However, after
Read morePhoenix Group completes acquisition of Abbey Life business from Deutsche Bank
30th Dec 2016 11:44
(ShareCast News) - Insurance company Phoenix Group has completed the acquisitions of the Abbey life assurance, life and securities businesses from Deutsche Bank. The FTSE 250 company bought Abbey Life Assurance Company, Abbey Life Trustee Services and Abbey Life Trust Securities from Deutsche Holdin
Read morePhoenix Group to buy Abbey Life from Deutsche Bank
28th Sep 2016 08:04
(ShareCast News) - Phoenix Group has agreed to buy Abbey Life from Deutsche Bank subsidiary Deutsche Holdings for £935m in cash. Phoenix said the deal, which is expected to generate about £0.5bn of aggregate cash flows between 2016 and 2020 and approximately £1.1bn from 2021 onwards, will add £10bn
Read morePhoenix Group in advanced talks to buy Deutsche's Abbey Life
16th Sep 2016 07:14
(ShareCast News) - Phoenix Group has confirmed it is evaluating the possibility of acquiring Abbey Life Assurance from Deutsche Bank following reports on Thursday by Bloomberg and Reuters suggesting the two were nearing a deal over the bank's UK insurance business. "As stated at the time of the inte
Read moreFTSE 250 movers: Sophos, Thomas Cook and Auto Trader lead gains
8th Sep 2016 14:53
(ShareCast News) - The FTSE 250 was pretty much flat late into Thursday's session, with security software group Sohpos leading the way thanks to read-across from elsewhere Oxford-based Sophos, which is holding its annual general meeting next week, hit a six-month high on the day that FTSE 100 liste
Read morePhoenix Group reiterates full-year cash-generation target
25th Aug 2016 07:56
(ShareCast News) - Phoenix Group Holdings saw its profitability slide during the first half of the year, even as it closed the acquisition of rival Axa's pensions and protections business, but stuck to its cash generation target for the year. The closed life fund consolidator reported a 21% drop in
Read moreFTSE 250 movers: Phoenix Group firms on AXA Wealth deal
27th May 2016 15:30
(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth
Read morePhoenix Group to buy AXA wealth assets
27th May 2016 07:36
(ShareCast News) - Phoenix Group Holdings has agreed with AXA UK to buy AXA Wealth's pensions and protection businesses, which is the wealth management arm of the French insurer. Phoenix said the acquisition, which comprises a pensions and investments business offering a range of propositions cateri
Read morePhoenix Group remains on target
12th May 2016 12:35
(ShareCast News) - Phoenix Group revealed it remains on track to meet 2016 cash generation targets of between £350m and £450m on Thursday, ahead of a presentation for investors and analysts focusing on Solvency II, management actions and future financial reporting. The FTSE 250 firm confirmed it has
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