ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

FLG Friends Life

429.40
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Friends Life LSE:FLG London Ordinary Share GG00B62W2327 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 429.40 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Friends Share Discussion Threads

Showing 1051 to 1075 of 1250 messages
Chat Pages: 50  49  48  47  46  45  44  43  42  41  40  39  Older
DateSubjectAuthorDiscuss
12/8/2014
12:17
Not a good performance on the share price here since half year results but we are now looking at a 6.7% dividend yield. That's good enough for me to top up!
nigelmoat
06/8/2014
07:46
graham, I think that is why they changed the name to BP! It isn't called British Petroleum any more for the reasons you state.
rcturner2
06/8/2014
07:06
Mr Rolls and Mr Royce haven't been around much lately, either.
lord gnome
06/8/2014
06:52
Well, you might as well complain that BP, good old British Petroleum, is mis named. I doesn't do a lot business in the UK but operates worldwide particularly in Russia. Or how about MKS? Mr Marks and Mr Spencer are long gone. Do they have to change the name each time they get a new CEO?
grahamg8
06/8/2014
06:22
Great, thanks.
philo124
06/8/2014
06:09
Friends Life is delighted to announce that regulatory approval has been received to increase the share buy back programme (the "Buy Back Programme") announced on 11 July 2014 from £261 million to £317 million. The Buy Back Programme will be funded from the £261 million upfront cash consideration from the sale of Lombard International Assurance S.A. and Insurance Development Holdings AG (together, the "Lombard Business") together with £56 million from existing surplus cash resources in the Company. The £56 million increase in the Buy Back Programme is equivalent to the amount of the vendor loan note issued as part of the Lombard Business sale. This demonstrates the strength of the Company's balance sheet and the Board's confidence in the Company's financial strength.
skinny
06/8/2014
06:02
Strong cash performance

· Sustainable free surplus £163 million, up 15% (30 June 2013: £142 million); on track to deliver £39 million uplift in expected return

· Continued good performance in Corporate Benefits, net fund inflows of £0.4 billion

· Value of new business down 24% to £65 million as predicted trends continue, with full impact of the Budget(i) still to emerge

· IFRS based operating profit before tax of £159 million

· MCEV operating profit before tax of £193 million

Capital position robust, dividend secure

· Available shareholder assets £917 million

· IGCA(ii) surplus £2.2 billion, coverage ratio 235%

· Economic capital surplus(iii) £4.0 billion, coverage ratio 193%

· Interim dividend of 7.05 pence per share (30 June 2013: 7.05 pence per share)

Business highlights and successful agreement of Lombard sale(iv)

· Disposal of Lombard announced and share buy-back increased to £317 million

· Peak of auto-enrolment activity in the first half of 2014 delivers 648 schemes with 108,000 net members added to defined contribution pension schemes during the first half of 2014

· Strong growth in Protection, APE is up 21%

· Agreement to reallocate circa £800 million of annuities from with-profits funds, subject to regulatory non-objection, resulting in a SFS benefit of circa £7 million p.a. from 2015

· £200 million syndicated loans mandate further underpins expected return in 2015

· Re-platforming in International division remains on track for new business in the third quarter of 2014 and for all in-force in 2015; interim dividend passed and full year dividend to Group under review

· Excellent progress made towards preparing the launch of new retirement propositions:

- Adding retail functionality to My Money Corporate Wrap platform

- New flexible propositions being developed to offer alternative solutions for customers

- Customer engagement model enhancements fully underway

skinny
01/8/2014
17:47
Yes, it's no longer a Friendly society. It de-mutualised a while back and listed as Friends Provident. It was then taken over by Resolution, along with a couple of other co's and recently changed it's name to Friends Life.
hyden
31/7/2014
08:23
Hyden - thanks for the info. However I think Friendly Societies were co-ops owned by their members not publicly listed companies? It just seems harking back to a world which doesn't exist any longer to me.
kibes
30/7/2014
19:47
The name comes from way back - the company was founded in the early 1800's as Friends Provident Institution. It was set up as a Friendly Society, hence the name. The 'Friends' refers to Religious Society of Friends - or Quakers as we know them today. I quite like the name. I also like the logo - the 'r' is wrapping its arm around the 'i' - very friendly. :-)
hyden
30/7/2014
18:22
Anyone know why this is called Friends Life? Who are the Friends supposed to be? Management, employees, shareholders or captive (but presumably happy)customers? If customers are handing over their money to ensure my dividends get paid I suppose they could be called friends. But its a strange name for a company.
kibes
17/7/2014
05:51
Berenberg Hold 332.60 332.60 310.00 330.00 Reiterates
skinny
11/7/2014
07:16
I am satisfied with this it is a good outcome and focuses the business more - dividend seems to be intact for this year anyway but we will not know what effect in entirety new pension rules will in practice effect Company for a while although a confident statement on this was issued earlier this year.

AO

a0148009
11/7/2014
06:48
Quite a large MCEV reduction.

"Had the disposal occurred on 31 December 2013 and after allowing for the receipt of cash and vendor loan note proceeds, Friends Life's IFRS net assets would have decreased by c.£(40) million to £5,189 million and Group MCEV would have decreased by c.£(300) million to £5,765 million. Following the disposal and the share buy-back, Friends Life's IFRS net assets would have decreased by c.£(300) million to £4,929 million(5) and Group MCEV would have decreased by c.£(560) million to £5,505 million(5)."

scburbs
11/7/2014
06:48
Nice, like it.
rcturner2
11/7/2014
06:06
Summary

• Disposal of Lombard to Blackstone for an initial consideration of £317 million (€399 million(2)) subject to anti-trust and regulatory approvals. This includes £254 million (€320 million(2)) upfront consideration, an estimated £7 million (€9 million(2)) interest equivalent, both to be paid in cash upon completion, and £56 million (€70 million(2)) deferred payment in the form of a vendor loan note.

• Total consideration of up to £356 million (€449 million(2)) based on an additional contingent element, which could increase or decrease the value of the vendor loan note by up to £39 million (€50 million(2)) based on certain criteria relating to Lombard's future assets under administration.

• Intention to return £261 million(3) (€329 million(2)) to shareholders via a share buy-back programme to commence upon completion, subject to regulatory approvals, equal to the full upfront cash consideration and estimated interest equivalent.

• 2013 pro forma Sustainable Free Surplus ("SFS") to ordinary dividend coverage ratio is improved to 1.16x(4) from 1.10x.

• Completion expected to occur in the second half of 2014.

skinny
03/7/2014
13:58
royconchie, you are wrong there: although Phoenix and Anto dividends are paid gross from outside the UK, they qualify for tax relief:

"The majority of foreign dividends paid after 5 April 2008 qualify for UK
dividend tax credits. The UK tax credit is added to the amount of the foreign
dividend when charged to UK tax"

....from HMRC.

deadly
03/7/2014
13:34
Cheers aleman
slaphead240
03/7/2014
08:33
Just a reminder: interims are August 6th.
aleman
17/6/2014
10:45
Re FTSE dividends whilst purports to have been updated yesterday, it doesn't even mention FLG - although RSL is on page 2!
skinny
17/6/2014
10:29
Down heavily this morning. No reason why that I can find. Must just have run out of steam after its nose-bleed climb from the depths of despair at 275p.
lord gnome
16/6/2014
07:58
Phoenix and Anto dividends are paid gross from outside the UK and don't come with a tax credit so need to be held in an ISA to avoid taxation unless you earn less than the yearly allowance. Hence a comparison with FLG needs to be considered with this in mind.
royconchie
12/6/2014
19:53
ANTO unlikely to be in top 4 either!
cwa1
12/6/2014
18:18
thanks yam, though i think you'll find phnx & nbls are ft250
oniabsta
12/6/2014
17:05
Mrw, phnx, nbls, anto according to digitalook.
yam114
Chat Pages: 50  49  48  47  46  45  44  43  42  41  40  39  Older

Your Recent History

Delayed Upgrade Clock