Aviva recovery begins as new business jumps November 7, 2013 INSURANCE group Aviva said there “remains much work to be done” on its recovery plan as it posted a 14 per cent rise in new business to £571m for the first nine months of the year. The firm, which installed Mark Wilson as chief executive and set out a new strategy at the start of [...]
Analyst Views: Is Aviva’s turnaround plan on track? November 7, 2013 RICHARD HUNTER | HARGREAVES LANSDOWN“The company is in recovery mode and, at Aviva’s own admission, there remains a long way to go. However, many of its key metrics are notably improving, such as the value of new business, capital surplus and reduction of operating expenses. Its largest markets of the UK and France are growing [...]
Aviva sees new business growth but says performance was satisfactory November 7, 2013 Aviva has announced this morning that it saw new business growth in its third quarter, although operating capital generation was £1.3bn – the same as last year. Performance, the insurance giant said, has been "satisfactory" but in line with its plan for "cash flow plus growth". Shares have climbed down this morning on the news. [...]
Energy switch enquiries lift Moneysupermarket November 6, 2013 SWATHES of customers looking to switch energy suppliers boosted Moneysupermarket.com’s revenue 25 per cent in the first few weeks of October. The company, whose website helps customers to compare insurance, utilities and energy prices, reported overall revenue growth for the third quarter to 30 September of five per cent. Moneysupermarket attributed the dramatic increase in [...]
City Moves for 05 November 2013 | Who’s switching jobs November 4, 2013 RBS The bank’s real estate management division, part of its global restructuring group, has announced the hire of Jessica Way as a senior asset manager. She was most recently at Aviva Investors, where she was a real estate asset manager for its property trust. Chadbourne & Parke The advisory firm has recruited Nikolai Mikhailov as an [...]
What the other papers say this morning – 04 November 2013 November 4, 2013 FINANCIAL TIMES Aircraft carrier cost to rise to £6.2bn Britain will this week reveal another substantial increase in the cost of building its two new aircraft carriers, declaring that total funding for the programme will rise by another £800m to £6.2bn.Philip Hammond, defence secretary, is expected to say that a new set of demands – [...]
London Report: Recovery looks on track in busy reporting week November 3, 2013 SERVICES figures due out this week, plus the latest updates on industrial and manufacturing production, look set to show continued recovery for the British economy. “September’s industrial production figures are likely to show that overall output partially recovered from its surprise 1.1 per cent monthly fall in August,” said Martin Beck, of Capital Economics. “Manufacturing [...]
O’Connor’s Irish debut ends in narrow defeat to Northampton November 3, 2013 NEW London Irish signing James O’Connor’s Aviva Premiership debut ended in a 19-14 defeat to Northampton Saints. The Australia back set up the Exiles’ only try, scored by Sailosi Tagicakibau, but 14 points from the boot of Stephen Myler earned victory for the Saints. Meanwhile, Saracens inflicted a 40-3 defeat on Newcastle Falcons, Harlequins triumphed [...]
No war between Dickson brothers as Karl backs Lee October 31, 2013 THE SUPERB form of England’s Lee Dickson means brother Karl will play second fiddle to Danny Care for Harlequins this weekend, though the scrum-half insists he has nothing but support for his younger sibling. Care was released back to Quins by England and is eligible for Saturday’s Aviva Premiership clash with Leicester Tigers, while Lee [...]
Standard Life misses targets as staff leave October 30, 2013 INSURANCE giant Standard Life yesterday announced lower-than-expected new business sales, which analysts pinned on the departure of key staff members over the summer. Star fund manager Euan Munro jumped ship to be chief executive at Aviva Investors this summer, causing some leading investors to withdraw their money from the GARS fund that he controlled. As a [...]