Aviva completes sale of Italian general insurance business to Allianz for £284mln
The insurance group said in March that it was exiting Italy
Company
LON:AV.
Aviva is the world's fifth-largest insurance group and the biggest in the UK. Aviva is one of the leading providers of life and pensions products in Europe and have substantial businesses elsewhere around the world.
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The insurance group said in March that it was exiting Italy
Aviva and Beazley are the American bank's top picks in the sector.
Aviva has cash to hand out following a whirlwind £7.5bn disposal programme
“We believe Aviva continues to offer highly attractive value," Deutsche said in a note.
Aviva, L&G and Phoenix offer juicy dividend yields (and not much else, critics would say).
There were lots of eye-catching numbers to focus on but operating profits came in shy of the market's expectations
Builders and building materials
Other housing developers and investors face legal action if they don't follow the lead of Aviva and Persimmon
Cevian announced it had taken a near 5% stake in the life and pensions group earlier this month
Just five FTSE 100 companies have paid special divis this year: Admiral, B&M, Fergison, Rio Tinto, St James's and Tesco. Companies that would like their special divis back? IHG and IAG for two.
Aviva has sold eight businesses to raise £7.5bn but has not yet given a figure on how much of that will be handed back
"Our positive trading performance in the first quarter of 2021 reinforces our confidence"
The asset management arm of Aviva said that despite the closures it remains firmly committed to the property sector
“We think Aviva offers potential to move up on the risk curve following its current restructuring"
Aviva is better placed than rival L&G, which UBS rates as a sell.
Chief executive Amanda Blanc said the board plans to make “a substantial return of capital” to shareholders
Berenberg forecasts £1.5bn of cash returns in the 2022 financial year and another £1.5bn for 2023
"A lot of employers could make a massive difference to workers’ lives if they guaranteed working hours or a living wage, and how companies behave is becoming more important”
As well its French and Italian businesses, Aviva also sold its operations in Singapore, Vietnam, Hong Kong, Indonesia and Turkey
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The UK's index of leading shares finished down nearly 25 (24.59) points, or 0.37%, at 6,650
The insurer is planning to focus on its strongest activities in the UK, Ireland and Canada