Trinity Mirror faces uproar over Sly Bailey’s pay packet March 11, 2012 TRINITY Mirror is said to be taking seriously concerns raised by top shareholders about the rewards bestowed on chief executive Sly Bailey, ahead of the media group’s results on Thursday. The company’s top shareholders – Schroders, Aviva Investors, Standard Life and Legal & General – collectively own 42 per cent of Trinity Mirror and have [...]
US announcements will top and tail the week March 11, 2012 TODAY With no major economic or corporate announcements in the UK, one would assume that trading will be fairly quiet. But the market has plenty to digest from the tail end of the previous week. Non-farm payroll and unemployment numbers are likely to dictate trading activity across most asset classes for a couple of days. [...]
Kidney plots St Patrick’s Day party at HQ March 11, 2012 IRELAND head coach Declan insists his side are ready to make it a St Patrick’s Day to remember for their travelling fans at Twickenham on Saturday. Hapless Scotland were put to the sword at the Aviva Stadium on Saturday as Ireland made light of skipper Paul O’Connell’s absence, running in four tries in a convincing [...]
Aviva: we’ll be the last to quit UK March 8, 2012 AVIVA has pledged its future to London, with chief executive Andrew Moss telling City A.M. that his firm will not follow the Prudential and consider a move abroad: “We’re here to stay. Trust me, if Aviva were to redomicile then you’d been turning the lights out in the City – because everyone else would have left first.” Speaking [...]
Aviva profits jump thanks to UK income March 8, 2012 INSURANCE giant Aviva beat expectations to announce a six per cent rise in operating profits to £2.5bn, driven by impressive earnings in its life insurance division. Chief executive Andrew Moss said his strategy of focusing the group on core products in just 12 key markets was paying off but singled out the British businesses for [...]
ANALYST VIEWS: CAN ANDREW MOSS MAINTAIN AVIVA’S GROWTH? March 8, 2012 JONATHAN JACKSON | KILLIK & CO The Aviva story is one of longer-term normalisation of earnings and returns, through improved profitability, capital discipline and cash generation. .Aviva is not going to be high growth in the short term, it is cheap on a price to earnings basis and has a high dividend yield which is [...]
CITY MOVES | WHO’S SWITCHING JOBS March 8, 2012 AFC Energy The developer of low-cost alkaline fuel cell technology has announced the appointment of Sir John Sunderland as non-executive director of the company. Sunderland has spent 40 years in leadership roles, best known as the former chief executive and later as chairman of Cadbury Schweppes. Currently Sunderland is a non-executive director of Barclays Bank, [...]
Solid England won’t make it easy for hosts in ‘Le Crunch’ March 8, 2012 FRANCE vs ENGLAND SUNDAY – 3.00PM BBC ONE FOR Philippe Saint-Andre, the dream of securing a Grand Slam in his first Six Nations as coach of France may be dead, but the Championship trophy is still well within his grasp. This weekend’s match against England is very much the warm-up to an all important showdown [...]
FTSE buoyed by miners and banks March 8, 2012 The FTSE 100 pushed higher this morning as investors gained confidence in Greece’s chances of completing a lifesaving bond swap later today. Major banks and pension funds, representing about 40 per cent of Greece’s outstanding debt, threw their weight behind Athens’ bond swap offer to private creditors yesterday. That should be eno€130bn fund for Greece [...]
Aviva earnings pick up after Eurozone blow March 8, 2012 Aviva reported a bigger-than-expected six per cent rise in its 2011 earnings, helped by better profit margins in its life insurance business, and said capital reserves had recovered from a hit they took last year as a result of the Eurozone debt crisis. The company, Britain’s second-biggest insurer, had an operating profit for the year [...]