Edition:
India

Just Group PLC (JUSTJ.L)

JUSTJ.L on London Stock Exchange

161.00GBp
15 Dec 2017
Change (% chg)

-2.90 (-1.77%)
Prev Close
163.90
Open
164.90
Day's High
164.90
Day's Low
160.80
Volume
5,958,723
Avg. Vol
1,727,230
52-wk High
166.00
52-wk Low
119.55

Latest Key Developments (Source: Significant Developments)

Just Group posts 3 pct rise in 9-mth statutory total sales
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Just Group Plc :‍TOTAL RETIREMENT SALES FOR 9M 17 WERE 1% LOWER THAN PRO FORMA 2 NINE MONTH COMPARATIVE.‍STATUTORY BASIS TOTAL SALES ROSE 3% FROM £1,583M IN 9M 16 TO £1,631M IN 9M 17​.‍9M 17 LIFETIME MORTGAGE (LTM) ADVANCES OF £367M AMOUNTED TO 30% OF RETIREMENT INCOME SALES, AS WE CONTINUE TO OPTIMISE MATCHING​.‍GUARANTEED INCOME FOR LIFE (GIFL) 9M 17 SALES WERE BROADLY FLAT​.‍MERGER COST SAVINGS NOW EXCEED £45M REVISED TARGET RUN RATE AND REMAIN A KEY ELEMENT OF DELIVERING A BETTER RETURN ON EQUITY.‍DEFINED BENEFIT DE-RISKING SALES OF £564M IN 9M 17 WERE BROADLY IN LINE WITH PRO FORMA 9M 16​.  Full Article

JRP says Barclays, Deutsche Bank and RBS to arrange investor meets
Thursday, 6 Oct 2016 

JRP Group Plc : Mandated Barclays, Deutsche Bank and RBS to arrange a series of credit investor meetings in UK commencing on Oct. 10 .Subject to market conditions, a benchmark sterling denominated unrated 10 year tier 2 transaction will follow.  Full Article

Annuities specialist JRP says merger savings programme ahead of 2016 target
Wednesday, 5 Oct 2016 

Annuities Specialist Jrp : Says 14.9 million stg in merger synergies achieved by end-august, 10 percent ahead of dec 2016 expectations . Says merger synergy programme on track to deliver at least 45 million stg of savings Further company coverage: [JRP.L] ((carolyn.cohn@thomsonreuters.com;)).  Full Article

JRP sees "mid-teens" new business returns after merger savings
Wednesday, 5 Oct 2016 

Jrp Group Plc : Jrp group plc capital markets day .Once our targeted merger synergies are captured we expect to achieve mid-teens new business irr's.  Full Article

Annuity provider JRP says solvency capital ratio as at June end about 130 pct
Tuesday, 23 Aug 2016 

Jrp Group Plc : Trading statement . Since update on 11 May, trading to 31 July continued in-line with expectations in each of defined benefit de-risking, individual guaranteed income for life solutions and lifetime mortgages . We expect to report an embedded value at 30 June 2016 above 200p per share . Remains comfortably capitalised under Solvency II and expects to confirm that its solvency capital ratio at 30 June 2016 was around 130 pct .Merger continues to progress in line with expectations, and we will update market on our progress towards achieving targeted cost savings of at least 40 mln stg in due course.  Full Article

JRP total new business sales drop 4 pct in March quarter
Wednesday, 11 May 2016 

Jrp Group Plc : Total March quarter new business sales 387.2 million stg, down 4 pct . Total new business sales achieved by just retirement group plc ("jr") in nine months to 31 st march were 33% higher than 9m 14/15 . Jr's defined benefit de-risking ("db") sales in 9m 15/16 were up 66% . Long term future for db market looks buoyant, while improving trend in individual gifl market appears to be continuing .Merger cost synergies of at least £40m.  Full Article

UPDATE 1-UK Stocks-Factors to watch on Nov 1

(Adds company news items, futures) Nov 1 Britain's FTSE 100 index is expected to open 18 points higher at 7,511.2 points on Wednesday, according to financial bookmakers, with futures up 0.4 percent ahead of the cash market open. * JUST GROUP: British annuity provider Just Group reported a fall in total retirement sales for the third quarter against the same period last year and said it had exceeded its merger driven cost savings target of 4