Household incomes slip August 22, 2012 HOUSEHOLD incomes shrunk between May and June, while debt levels grew quickly, according to a report released by Aviva yesterday. Average monthly family incomes slumped seven per cent between May and August this year, from £2,150 to £2,003. The insurance company suggests this is likely to be due to the increased responsibilities acquired by parents [...]
Gemili to compete over 200m August 15, 2012 ATHLETICS: Teenage sprinter Adam Gemili will compete in the 200m at the Aviva Birmingham Grand Prix later this month. He said: “I am keen to show that I can make that transition from the 100m and compete against the best.”
China trade data weighs on FTSE August 10, 2012 Britain’s top share index dipped this morning, weighed down by weakness in mining stocks and demand concerns following poor trade data from China. The FTSE 100 was down 0.1 per cent following weak trade figures and a nine-month low in crude oil imports which painted a picture of a slowing economy. Meanwhile, disappointing economic data [...]
Aviva aims to sell divisions by end of year August 9, 2012 INSURANCE giant Aviva hopes to sell some of its underperforming units by the end of the year, its executive chairman said yesterday. John McFarlane confirmed that his firm has appointed investment banks to advise on the disposal of 10 units, telling analysts that some of the deals are set for completion in the next six [...]
Mining gains prop up FTSE August 9, 2012 Gains in heavyweight miners kept Britain’s main share index flat this morning, as solid results from Randgold Resources and expectations of fresh stimulus measures from China propped up the equity markets. The FTSE 100 was down 0.08 per cent, as Randgold rose 3.1 per cent after reporting a 10 per cent rise in second-quarter profit. [...]
Aviva profit down on restructuring costs August 9, 2012 Aviva, Britain’s second-largest insurer, reported a 10 per cent drop in half-year profit, blaming higher costs as it pushes through reorganisation aimed at improving its financial performance. Aviva made an operating profit of £935m in the first six months of 2012, down from £1.035bn a year earlier, it said today. Analysts had expected a profit [...]
Our gold medals herald a golden age for UK sport August 6, 2012 WITH London 2012 in full swing, British sport is entering a golden age. Hosting an Olympic Games offers huge possibilities – increasing the profile of athletics in this country and building a gateway for all the aspiring young athletes coming through the system. Many young people watching these extraordinary athletes will be thinking “next time [...]
THE TIPSTER | Insuring against losses August 6, 2012 THE reorganisation of Aviva, the insurance giant, continues apace, as its new chief executive keeps to his plan of trimming the business down to a more manageable size. The disposal of divisions in eastern Europe reflects the determination of the new management to keep the company under firm control, and its recovery from June lows [...]
Aviva profits to fall in advance of great sell-off August 5, 2012 AVIVA is expected to announce a fall in profits this week as its new executive chairman John McFarlane prepares to flesh out proposals to streamline the business with a series of disposals. The firm adopted a radical change in direction following the resignation of former chief executive Andrew Moss in May, pleasing investors who felt [...]
A successful debut for McFarlane will rely on a clear disposal plan August 5, 2012 WHILE most of the UK’s attention was well and truly focused on the Olympics this weekend, shareholders in Aviva and other insurers may also have had one eye on the weather forecast. Analysts are already predicting Aviva’s general insurance profits will drop by as much as five per cent after heavy rain caused damage across [...]