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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Aviva Plc | AV. | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 4.30 | 0.88% | 492.70 | 16:35:27 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 487.30 | 486.40 | 493.30 | 492.70 | 488.40 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Top Posts |
|---|
Posted at 17/7/2024 12:07 by smurfy2001 Sceptical investors will decide fate of FTSE overhaulIt is not clear City reformers promoting ever more liberal rules have a coalition behind them |
Posted at 14/7/2024 13:22 by smurfy2001 ALEX BRUMMER: UK becomes a safe haven for investorsA centrist Government, with a big majority, looks to provide an attractive venue for investors. If the currency is evidence of confidence the surge in the pound towards $1.30 must be regarded as a triumph. Sterling strength helps the Bank of England fight inflation as prices for oil and other commodities, priced in dollars, become cheaper. Fund managers, including the world's largest asset manager Blackrock, are upbeat. Pictet Wealth Management says the UK is enjoying 'a honeymoon period.' |
Posted at 12/7/2024 17:39 by smurfy2001 Investors Looking at UK 'Once Again,' BlackRock Says |
Posted at 10/7/2024 12:58 by tornado12 I agree in principle that more needs investing in UK PLC. Part of our demise in last 40 yrs is the lack UK investors/buyers investing in the UK first.... It makes sense to change this trend. As for pension funds, from my experience they dont do a great job and Ive made more with my own picks than my company DC fund. |
Posted at 05/7/2024 12:46 by hallucinogenix I'm personally happy with high interest rates. Share prices performing ok...ish with dividend income for long term investors, and savings at 5-5.5% fixed for a few years very nice indeed.Interest rates will probably come down in September and slowly decrease over the following year. But totally understand we all have different views and investments which probably isn't good for those wanting to make a quick buck. |
Posted at 19/6/2024 10:09 by lewy1970 Agreed, the point relevant to Aviva is a stable government would unlock more investment which would be a good thing for investors. |
Posted at 01/6/2024 15:15 by xtrmntr From IC.Ten years ago, Aviva was a sprawling group of insurance businesses, a legacy from its days of expansion through bolt-on acquisitions. In 2015, then chief executive Mark Wilson set up an umbrella group to cross-sell between the group's life and general insurance product lines. His big idea was to harness technology to drive the business forward.The new team was set up not in an office block, but in an old garage in London's Hoxton Square, and so became known as the "technology garage". It developed "MyAviva", so that all of a customer's policies could be viewed in one place. Analysing the data enabled finer pricing to reward customers for the breadth and depth of their Aviva relationship, out of which AvivaPlus emerged a promise never to charge Aviva customers more for their policies than new customers. Another part of the technology garage was an innovation team, set up to identify emerging trends and launch new concepts.This was a long-term strategy, the sort that investors support, but the short-term costs were high. Dramatic returns were promised, but after a while, shareholders began to have doubts. That's the problem with jam tomorrow unless investors can see tangible value emerging, they begin to wonder whether tomorrow will ever come. This must have produced some frank discussions in the boardroom. In October 2018, Wilson left rather quickly.Sir Adrian Montague, who had been chairing the group as a non-executive, temporarily covered both roles. The search for a new chief executive was extensive, but they eventually chose from within. Maurice Tulloch had been with Aviva for over 25 years and was seen to be a safe pair of hands. A few months later, with the succession sorted out, Montague reached the end of his tenure and bowed out.In March 2019, Tulloch told shareholders that he aimed to increase return on investment. After so much emphasis on the technology garage, this was music to analysts' ears. Tulloch restored the dividing line between Aviva's general (home and motor) insurance and life insurance divisions. It went back to seeming like business as usual.Despite his back-to-basics approach, progress was sluggish. In his earlier role, Tulloch had been responsible for the speciality business, together with the life and general ones in France, Canada, Ireland, Italy, Poland, Turkey and India. Some were now calling for the group to be broken up. Instead, he restructured Aviva into five divisions with a promise of greater cash generation and an increased dividend. He also put the group's Singapore and China businesses up for sale, but this was just as the pandemic began to dampen confidence, and only low offers came in. The sale was pulled, but the lockdowns continued to squeeze cash out of the business. The 2019 final dividend had been announced but had to be withdrawn. The share price slumped from more than 400p pre-Covid to under 250p. Critics thought that he should have seen all this coming. They asked where the strategy was to reinvigorate the group.Meanwhile, the boardroom had a new clutch of directors. In the same year that Montague retired, four other non-executives left as well, so by the time George Culmer began chairing the group in late May 2020, many on the board were new. Having a new boss brings risks for any employee. Those who select candidates have a vested interest in seeing them succeed. They make allowances and tend to give them the benefit of the doubt. New bosses are often more critical and inclined to justify their new position by making changes. On 6 July 2020, just five weeks after Culmer took up the reins, Tulloch left "for family health reasons". He'd been chief executive for little over a year.One of the new non-executive directors was Amanda Blanc. She stepped seamlessly into the chief executive role. She would bring a renewed focus, she said, and that was how she'd increase returns.It took a while for her 'focus' to shine through. With lacklustre half-year financials in mid-2021, she promised better operational efficiency and pledged to return at least £4bn to shareholders over the next year through buybacks and dividends. She kept her word, and by the end of 2021, a total of eight businesses had been sold to raise £7.5bn, and other non-core operations followed. The slimmed-down Aviva has since added some small strategic acquisitions and the group is now concentrated in the UK, Ireland and Canada.The big unknown with recruitment is that, however much vetting is done, nobody can be certain about how well the successful candidate will take to the role until after they've started. With the low-hanging fruit plucked, only the future will tell whether Aviva is back on track, but there's no doubt that it's gone through some difficult but decisive succession planning which is why it's important for non-executive directors to maintain independent and open states of mind. |
Posted at 05/4/2024 12:07 by skinny I only have the online version and the link in my post has the heading "UK investors cash in on Wall St bull run" and contains :-"The so-called magnificent seven — Apple, Alphabet, Amazon, Meta Platforms, Netflix, Nvidia and Tesla — have generated almost all the returns delivered by the US stock market over the past 12 months, as investors have also looked to capitalise on the hype around artificial intelligence." I can't find the "money moves out" article Anyway, moving on :-) |
Posted at 05/4/2024 11:46 by whatsup32 Skinny, thank youAlso 2 centre pages in The Times " UK investors cash in on Wall St bull run" Article is detailed , long and very interesting from an investors perspective. Mentions the magnificent seven . Apple ,Amazon, Alphabet , meta, Netflix, NVDA, Tesla . Skinny , you are better then me at deciphering can you do the honours:) |
Posted at 24/1/2024 14:51 by yump Is that just a bigging up London bit of PR ?Irrelevant to most people. Also if you take a random sample of SME new tech businesses that floated, say 5+ years ago, investors would be lucky to be sitting on a small loss. They all seem to have tanked. Many have been subject to share price falls because they didn’t or could not raise enough to cover all the first few year’s losses. So their risk has massively increased because the debt option has become way more expensive. I think that will have made many investors wary of floats. Floats are mainly for PE and original investors to cash in. I don’t see that as anything for the City to boast about. |
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