|Bid||419.40 x 0|
|Ask||419.60 x 0|
|Day's Range||416.04 - 423.40|
|52 Week Range||3.87 - 442.30|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||7.17|
|Earnings Date||Aug 8, 2019|
|Forward Dividend & Yield||0.30 (7.34%)|
|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."
The pension provider, which surveyed 2,000 UK employees, also revealed that 20 per cent of mid-life career women expect to leave their jobs for this purpose compared with 17 per cent of men. Lindsey Rix, Aviva managing director, said that many mid-life employees opt to take on their relatives’ care duties themselves as a means of minimising care bills, but warned that this decision comes at the expense of their career. An ageing population has led to a growing number of people becoming “sandwich carers”, those who are looking after their children under 16 as well as their elderly parents.
Rating Action: Moody's assigns definitive rating to Italian CDQ ABS Notes issued by Marzio Finance S.r.l. Moody's has not assigned any rating to the EUR 41.3 M Series 7-2019 Class J Asset-Backed Notes due June 2044. The Notes are backed by a static pool of Italian Cessione del Quinto (CDQ) and Delegazione di Pagamento (DP) consumer loans originated by IBL Banca S.p.A. (NR).
The Financial Conduct Authority (FCA) said it will introduce a new category of funds investing in inherently illiquid assets, or FIIA, from September 2020, confirming proposals made last October. "The new rules and guidance are designed to protect the interests of investors, particularly during stressed market conditions," said Christopher Woolard, the FCA's executive director for strategy and competition. The funds will be subject to additional requirements, including standard risk warnings in financial promotions, enhanced depositary oversight, and a requirement to produce liquidity risk contingency plans, it said.
HONG KONG/SINGAPORE (Reuters) - German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of Britain's Aviva in a deal likely to be worth up to $2.5 billion, sources said. Canada's Sun Life Financial and Manulife Financial Corp are also among roughly half a dozen suitors for the businesses, said the people with knowledge of the matter, who declined to be named as the talks are confidential.
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.