Unilever withdraws plans to scrap dual listing and relocate out of UK
The FTSE 100-consumer goods giant said the proposal had “not received support from a significant group of shareholders” after it outlined the plans in September
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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 FTSE 100-consumer goods giant said the proposal had “not received support from a significant group of shareholders” after it outlined the plans in September
The UK blue - chip index finished down 99.8 points at 7,318, while FTSE 250 was also lower
In a note to clients, Jefferies’ analysts said while the potential shift was a point of regret, the listing controversy was “a relative sideshow” with other near-term risks approaching
New business from the likes of Vodafone and GSK and a strong contribution from The Corner, which it acquired in December, meant revenues jumped 70% in the first half
Aviva Investors, which owns a 1.4% stake in Unilever, said it would not receive any added value from the firm's move out of the UK’s blue-chip index
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The UK blue-chip benchmark closed up over 58 points at 7,556, while its mid-cap cousin FTSE 250 added almost 142 points
Investments and investor services
Investors in the B&Q owner will be hoping for a BBQ boost sufficient to offset the springtime freeze.
Back at the end of April, the FTSE 250-listed firm announced the surprise departure of its finance director Andrew Westenberger, who left by mutual agreement on May 16
The UK benchmark of leading shares closed down over 24 points at 7,642.
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Aside from the DIY retailer's numbers, the Week Ahead diary includes updates from miner Antofagasta, and motor insurers Admiral and esure, plus a raft of key UK data
For the six months to 30 June 2018, the FTSE 100-listed insurer said its operating profit dipped by 2% to £1.44bn, down from £1.47bn a year earlier, although excluding disposals its operating profit was up 4%
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FTSE 100 lost almost 77 points to close the day at 7,575, while FTSE 250 was also down, off over 252 points at 20,548
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A month ago, a rate hike of a quarter of a point seemed nailed on. Most economists still think it is the most likely outcome but the decision may not be unanimous given some recent iffy economic data
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Aside from the raft of banking numbers in the Week Ahead, the likes of BP, Centrica, Next, Rolls-Royce, BAE Systems and Taylor Wimpey will also continue the FTSE 100 reporting splurge
The newspaper said that the German insurance giant's chief executive Oliver Bäte is said to have been working with investment bankers for several months on a hit list of possible deals
Investments and investor services
The UK premier share index closed 2.58 points, or 0.03% to stand at 7,631
Aviva customers faced payment delays and other issues resulting from a botched update to a pension platform.
Aviva will offer a "discretionary goodwill payment" to those who sold preference shares between March 8 and 22
The AIM-listed aerial reconnaissance specialist said Gyrometric Systems Limited had developed a unique system for reliably collecting, analysing and monitoring digital data from rotating shafts
The AIM-listed aerial reconnaissance specialist said it would update the market on any revenue implications for the company as they became clearer