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Prada, Starbucks and Kraft Heinz are among companies criticised for a lack of transparency on human rights in their businesses and supply chains, despite pressure from governments and an investor-backed group. Forty per cent of companies fail to show any evidence of how they identify and address human rights issues, according to the Corporate Human Rights Benchmark, a not-for-profit group based in London. The CHRB released its second annual ranking of 101 global companies today.
Would you be able to help me achieve a satisfactory outcome in connection with my Aviva pension?
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Aviva ousts chief as it cites need for 'new leadership' ...
As Britain quits Europe, depressing the value of the U.K. currency and U.K.-focused businesses, a breakup could give more value to Aviva’s investors than the board’s current plan. Splitting Aviva would fit with a wave of deal making across insurance that is serving investors’ desire for either scale, such as Axa’s takeover of XL Group, or specialization, like Prudential’s move to spin off its U.K. arm, Prudential M&G, from its higher-growth Asian and U.S. businesses. Prudential M&G would be an obvious partner for Aviva’s U.K. arm.
Shares of Aviva – which had fallen 8 percent this year – rose as much as 2.3 percent on Tuesday's announcement, despite the company being left without an official CEO. Chairman Adrian Montague will temporarily take the reins, backed up by three executives. There have been some obvious improvements since 2013: net profit doubled between then and 2017, and Aviva paid out dividends at a bumper rate.
By Simon Jessop and Sinead Cruise LONDON (Reuters) - Aviva (AV.L) is replacing its chief executive Mark Wilson after his sweeping transformation of the British insurer did not deliver the returns shareholders ...
Aviva is replacing its chief executive Mark Wilson after his sweeping transformation of the British insurer did not deliver the returns shareholders were looking for. During his six years in charge, the ...
With the license having been a key requirement for Serica’s acquisition of interests in the Bruce, Keith and Rhum fields from BP and Total, WH Ireland says it has placed its target price--previously 118 pence--under review. Once the deal is complete, Serica will present itself as a company with a strong balance sheet and cash generative assets, WH Ireland says. The update should help get the market back on Greggs’s side after the company’s cold weather-related profit warning in May, AJ Bell says.
The following financial services industry appointments were announced on Monday. To inform us of other job changes, email email@example.com. BARCLAYS Barclays has hired former Goldman Sachs banker ...
Advocates of sustainable business and investing are pushing to reach the U.N.’s Sustainable Development Goals by 2030.
Moody's Investors Service has assigned an A3 insurance financial strength rating (IFSR) to Aviva-COFCO Life Insurance Co., Ltd. This is the first time that Moody's has assigned a rating to Aviva-COFCO. Aviva-COFCO is a 50:50 joint venture between Aviva Plc (A2 stable) and COFCO Capital Investment Co., Ltd., which is in turn a subsidiary of COFCO Corporation.
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'I'm struggling to obtain my ex-husband's pension, which was given to me in exchange for a £26k loan'
A big freeze in Canada dented profits at two of Britain’s biggest insurers Aviva and RSA in the first six months. Aviva’s operating profits slipped 2% to £1.4 billion after subsidiary Aviva Canada fell to a loss while RSA, which also has a big presence in Canada, saw operating profits down 15% to £304 million. Canada experienced severe weather conditions in the first six months of 2018, including freezing temperatures and hazardous ice storms in Toronto and the rest of Ontario.
Mark Wilson, chief executive officer at Aviva, discusses first-half earnings, dividends, where he's finding growth and his investment strategy. He speaks on "Bloomberg Daybreak: Europe." (Source: ...
British insurer Aviva on Thursday posted a 2 percent dip in first-half operating profit, hit by disposal costs, weaker profits in Canada and a significant increase in weather related claims. Cold winter weather in Europe, higher claims in Canadian auto insurance and the costs of exiting Spain and Taiwan all weighed, although a beat on underlying profits helped the company to maintain its plan to return more capital to shareholders. Operating profit in the six months to the end of June was 1.44 billion pounds, it said in a statement, compared with 1.47 billion pounds a year earlier.