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India

Aviva PLC (AV.L)

AV.L on London Stock Exchange

550.00GBp
18 May 2018
Change (% chg)

3.00 (+0.55%)
Prev Close
547.00
Open
548.00
Day's High
551.40
Day's Low
546.20
Volume
11,131,720
Avg. Vol
10,054,272
52-wk High
551.40
52-wk Low
482.20

Latest Key Developments (Source: Significant Developments)

Aviva CEO's BlackRock directorship avoids conflict of interest-chairman
Thursday, 10 May 2018 

May 10 (Reuters) - Aviva PLC ::CHIEF EXECUTIVE MARK WILSON SAYS AVIVA HAS AROUND 500 MILLION STG TO SPEND ON "BOLT-ON" ACQUISITIONS.CHAIRMAN ADRIAN MONTAGUE SAYS AVIVA CEO WILSON'S DIRECTORSHIP OF BLACKROCK ARRANGED "VERY CAREFULLY" TO AVOID CONFLICT OF INTEREST.  Full Article

Aviva announces 600 mln stg share buyback plan
Tuesday, 1 May 2018 

May 1 (Reuters) - Aviva PLC ::AVIVA PLC ("AVIVA") ANNOUNCES THAT IT WILL COMMENCE A SHARE BUY-BACK OF ITS ORDINARY SHARES FOR UP TO A MAXIMUM AGGREGATE CONSIDERATION OF £600 MILLION..DIVIDEND YIELD ON AVIVA SHARES CURRENTLY STANDS AT 5.2%*, AND WITH DIVIDEND EXPECTED TO GROW FURTHER, BOARD BELIEVES A BUY-BACK IS A COMPELLING USE OF AVIVA'S EXCESS CAPITAL..AVIVA HAS ENTERED INTO AN AGREEMENT WITH CITIGROUP GLOBAL MARKETS LTD ('CITIGROUP') TO CONDUCT SHARE BUY-BACK PROGRAMME ON ITS BEHALF AND TO MAKE TRADING DECISIONS UNDER PROGRAMME INDEPENDENTLY OF AVIVA..PROGRAMME WILL COMMENCE ON 1 MAY 2018 AND WILL END NO LATER THAN 31 DECEMBER 2018..AVIVA HAS RECEIVED REGULATORY APPROVAL FOR BUY-BACK FROM PRA..  Full Article

Aviva Says Co, General Accident Will Offer Discretionary Goodwill Payment To Shareholders
Monday, 30 Apr 2018 

April 30 (Reuters) - Aviva PLC ::CO, GENERAL ACCIDENT WILL OFFER A DISCRETIONARY GOODWILL PAYMENT TO SHAREHOLDERS WHO SOLD PREFERENCE SHARES IN PERIOD FROM 8 TO 22 MARCH 2018.AVIVA ESTIMATES THAT FEWER THAN 2,000 INDIVIDUAL INVESTORS SOLD THEIR PREFERENCE SHARES IN PERIOD FROM 8 TO 22 MARCH 2018.ESTIMATES TOTAL COST OF GOODWILL PAYMENT SCHEME SHOULD NOT EXCEED APPROXIMATELY £14 MILLION..AVIVA HAS CONSULTED WITH FCA AND WILL CONTINUE TO ENGAGE WITH FCA IN ITS INVESTIGATION OF PREFERENCE SHARE ISSUE..AVIVA HAS APPOINTED KPMG LLP AS AN INDEPENDENT ADMINISTRATOR TO HANDLE GOODWILL PAYMENT PROCESS..  Full Article

Aviva CFO says solvency ratio to rise above 200 pct
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Aviva ::CFO TOM STODDARD SAYS ~EXPECTS SOLVENCY CAPITAL RATIO TO RISE ABOVE 200 PERCENT OVER NEXT YEAR.CFO TOM STODDARD SAYS ~ WILL RETURN AT LEAST 500 MILLION STG IN CAPITAL IN 2018 THROUGH LIABILITY MANAGEMENT, SHARE BUYBACK OR BOTH.  Full Article

Aviva to deploy 3 bln stg in excess cash 2018, 2019
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Aviva Plc ::AVIVA UPGRADES GROWTH, CASH AND DIVIDEND TARGETS*.‍GROWTH: TARGETING HIGHER THAN MID-SINGLE DIGIT PERCENTAGE GROWTH ANNUALLY IN IFRS OPERATING EARNINGS PER SHARE FROM 2019​.‍CASH: REMITTANCE TARGET INCREASED FROM £7 BILLION TO £8 BILLION1, ALLOWING AVIVA TO DEPLOY £3 BILLION OF EXCESS CASH OVER 2018 AND 2019​.‍THIS IS EXPECTED TO BE USED TO REPAY £900 MILLION OF DEBT IN 2018 AND FUND BOLT-ON ACQUISITIONS AND ADDITIONAL RETURNS TO INVESTORS​.‍DIVIDEND: PAY-OUT RATIO TARGET INCREASED TO 55-60% OF OPERATING EPS BY 2020​.‍WE ARE RAISING OUR EXPECTATIONS FOR EARNINGS GROWTH TO MORE THAN 5% ANNUALLY FROM 2019 ONWARDS​.‍EXCESS CASH, £2 BILLION OF WHICH WE PLAN TO DEPLOY NEXT YEAR​.‍IN 2018 WE EXPECT TO USE OUR EXCESS CASH TO PAY DOWN £900 MILLION OF EXPENSIVE DEBT, RETURN CAPITAL TO INVESTORS AND INVEST IN GROWING OUR BUSINESS​.  Full Article

Aviva to buy Irish insurer Friends First Life for 130 mln euros
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Aviva Plc :AVIVA PLC - ‍AVIVA TO ACQUIRE IRISH INSURER FRIENDS FIRST​.AVIVA PLC - ‍TO ACQUIRE IRISH INSURER FRIENDS FIRST LIFE ASSURANCE COMPANY DAC FOR A CASH CONSIDERATION OF EUR 130M​.AVIVA PLC - ‍AVIVA EXPECTS TRANSACTION TO MEET GROUP'S OPERATING RETURN ON CAPITAL HURDLE FROM YEAR ONE AND TO SIGNIFICANTLY EXCEED HURDLE THEREAFTER​.  Full Article

Aviva agrees to sell 49 percent stake in Taiwan jv
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Aviva Plc :Has agreed to sell its entire 49 percent shareholding in its joint venture in Taiwan, First Aviva Life to joint venture partner First Financial Holding co. Ltd​.Says ‍transaction has a negligible impact on Aviva's IFRS net assets, solvency II capital position and IFRS operating profit.Aviva said the business is not central to the group's strategy to focus on markets where it can achieve scale and profitability or have a distinct competitive advantage ​.  Full Article

Aviva to offer $390 mln share buyback
Thursday, 25 May 2017 

May 25 (Reuters) - Aviva Plc :Aviva plc (aviva) announces that it will commence a share buy-back of aviva's ordinary shares for up to a maximum consideration of £300 million ($389.61 million)..Shares acquired by morgan stanley under agreement will be simultaneously on-sold to aviva.  Full Article

UK's FCA fines Aviva companies for client money and assets failings
Wednesday, 5 Oct 2016 

UK's Financial Conduct Authority (FCA): FCA fines Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited 8.2 mln stg for client money and assets failings . Aviva breached FCA's Client Assets Sourcebook (CASS) rules and requirements between Jan 1, 2013 and Sept 2, 2015 . During period Aviva failed to put in place appropriate controls over third party administrators . Also found deficiencies with Aviva's internal reconciliation process which resulted in under- and over-segregation of client money . During period from Feb 10, 2014 to Feb 9, 2015 under-segregation peaked at 74.4 mln stg Link to full text: (http://bit.ly/2dJeGUP) Further company coverage: [AV.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Aviva bullish on cash generation after H1, shares rise
Thursday, 4 Aug 2016 

Aviva Plc : CEO Mark Wilson says expects more cash generation next year, could go outside the top of flagged range. . CEO says bulk annuity demand had fallen ahead of EU referendum vote; firm expects demand to pick up in H2. . Aviva Investors' Euan Munro says UK commercial property prices have not fallen as much as some market adjustments suggested. .Aviva shares up 5.7 percent in early deals after H1 results..  Full Article

M&S transfers $2 bln in pension liabilities to insurers

LONDON, May 17 Marks and Spencer's pension scheme has passed 1.4 billion pounds ($1.9 billion) of its liabilities to Aviva and Phoenix, the insurers said on Thursday, as companies look to reduce the risk from their pension funds.