|Bid||388.90 x 0|
|Ask||389.10 x 0|
|Day's Range||388.00 - 391.57|
|52 Week Range||3.87 - 498.50|
|Beta (3Y Monthly)||1.06|
|PE Ratio (TTM)||6.69|
|Earnings Date||Aug 8, 2019|
|Forward Dividend & Yield||0.30 (7.78%)|
|1y Target Est||551.33|
Jul.23 -- Aviva Investors CIO, Peter Fitzgerald explains his strategy for investment during Brexit, while Boris Johnson is sworn in as new U.K. Prime Minister. He speaks with Caroline Hyde and Scarlet Fu on "Bloomberg Markets: The Close."
Britain's second largest insurer Aviva reported a forecast-beating 1% rise in first-half operating profit on Thursday, helped by a strong performance in its general business and announced a review of its Asian operations. In his first interim results since being appointed chief executive in March, Maurice Tulloch confirmed he was rethinking the company's Asian businesses, the latest move to restructure after announcing a series of changes in June. "I am working with the board to refresh Aviva's strategy and we have decided to review the strategic options for our Asian businesses," he said, adding there were a range of possibilities under consideration.
HONG KONG/LONDON (Reuters) - British life and general insurer Aviva is looking to sell its Asia business, valuing the unit at more than $2 billion, two sources familiar with the matter told Reuters. Aviva is working with a financial adviser on a possible sale, with a formal process likely to begin in the fourth quarter, the sources said. There is no certainty of a sale, which will depend on the outcome of a review of the Asian business to be completed by the end of this quarter, the sources said.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Aviva Plc (Aviva) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
When it comes to trampling on legacies, Maurice Tulloch is up there with the best of ’em. Just weeks since replacing the ousted Mark Wilson, the pugilistic Canadian today ripped up one of his biggest innovations.
The UK’s biggest insurer Aviva on Thursday unveiled plans to break up UK management and cut hundreds of jobs under a radical plan to revive growth at the misfiring firm. New chief executive Maurice Tulloch will slash 1800 roles, around 6% of Aviva’s 30,000 workforce, via redundancies, axing contractors and freezing some new hires over the next three years. Tulloch, who replaced former chief executive Mark Wilson in March, has been under pressure to improve Aviva, which has seen its shares stumble 20% over the past five years.