FTSE 100 finishes 63 points up, boosted by weak pound
Around 3pm, the UK benchmark index was ahead almost 65 points at 7,476, just holding off the day’s peak of 7,484.53 hit after the Bank of England left UK rate unchanged
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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Around 3pm, the UK benchmark index was ahead almost 65 points at 7,476, just holding off the day’s peak of 7,484.53 hit after the Bank of England left UK rate unchanged
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The UK insurer is scaling back overseas to focus on its more profitable core businesses
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The blue chip index closed up 40.69 at 7,430 on the day
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Analyst Trevor Moss raised Aviva's target price to 456p from 440p, reflecting a share buy-back move, albeit with the stock trading at 512p, down 2.0p in early morning trade
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The settlement provides for an upfront payment of £18mln, inclusive of substantial legal costs, which will be paid to the insurer litigants immediately.
The first line from the chief executive’s obligatory quote, top of the annual results page, tells investors just exactly what their getting.
FTSE 100 stocks bagged a net loss on Thursday after supermarket chain WM Morrison fell on an uncertain outlook
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The FTSE 100-listed food retailer reported a 2.9% increase in its like-for-like sales, for the first nine weeks of the fourth quarter - its best performance in seven years.
The impact of the change pales, when compared with Aviva PLC (LON:AV.), which has said it will book a £385mln charge and Direct Line (LON:DLG), which estimates the hit will be in the order of £215-£230mln.
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At 3.33pm, the index of blue-chip shares was up just over 14 points at 7,257
Investments and investor services
FTSE 100 shares closed higher on Thursday in tandem with a US equity rally after President Donald Trump announced “phenomenal” corporate tax reform Wall Street had been waiting for with bated breath
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FTSE 100 stocks closed higher on Friday, offered a leg up by surprisingly strong US non-farm payrolls number and financial stocks confident burdensome US regulation was about to get scaled back
FTSE 100 shares closed lower on Tuesday in sympathy with declines of up to 160 points on Wall Street’s DJIA as the fallout of US President Donald Trump’s first week in office continued to take its toll
In a review of the European Insurers, the broker cut its stance on Standard Life to ‘hold’ from ‘buy’ and reduced its target price on the stock to 370p from 390p.