Aviva to sell Italian insurer stake to JC Flowers November 18, 2013 Aviva has announced this morning that its reached a conditional agreement to sell all of its 39 per cent stake in Italian insurer Eurovita Assicurazioni to private equity firm JC Flowers, for €33m. (Release) Proceeds, said the insurance group, will be used for general corporate purposes. Two weeks ago, Aviva said that there "remains much work [...]
Length of lay-off still unknown for injured Hartley November 17, 2013 INJURED hooker Dylan Hartley faces an anxious wait to discover how long he will be sidelined for after suffering a bruised lung in England’s 30-22 defeat to New Zealand at Twickenham on Saturday. The 27-year-old, who won his 50th cap against the All Blacks, was forced off early in the second half and replaced by [...]
Wasps prop switches focus from bomb disposal to Dragon slaying November 14, 2013 LONDON Wasps prop Ricky Reeves is no stranger to the heat of battle but admits temperatures were through the roof on his home debut – and he loved every minute of it. Lance Corporal Reeves, who served in Afghanistan in a bomb disposal unit, made his bow off the bench in the 90-17 LV= Cup [...]
Irish pay price for sloppy errors in cup reverse November 10, 2013 LONDON Irish forwards coach Glenn Delaney admitted indiscipline cost his team as they slipped to a 29-21 away defeat to Newcastle Falcons in the LV= Cup. Two weeks after losing to the same opposition in the Aviva Premiership at Kingston Park, Falcons fly-half Rory Clegg proved the difference between the two teams with five successful [...]
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 – [...]