gam and glg favourite aviva tumbles
Aviva Group's shares fell by as much as 16% in morning trading after the company reported a £3.05bn loss and slashed its final dividend 44%.
Aviva Group's shares fell by as much as 16% in morning trading after the company reported a £3.05bn loss and slashed its final dividend 44%.
After a challenging year Aviva Investors’ operating profit fell just over £10m in 2012, from £53m to £42m, despite cost savings made during its strategic review.
Aviva is set to cut 120 jobs worth a reported £400m in cost savings.
Meteor Asset Management has included Aviva and J Sainsbury in its latest FTSE 5 defensive structured product.
Aviva Investors reported a fall in its H1 profits of £4m contributing to an overall loss of nearly £700m by its parent company.
A home has finally been found for Aviva Investors’ Sustainable and Responsible Investment team at Alliance Trust Investments following Aviva’s decision back in January to sell off that part of the business.
Tomorrow, Aviva Investors will close its Absolute Tactical Asset Allocation range to new business.
Aviva could close or sell off up to 15 businesses as part of a strategic review, according to reports.
Despite the UK equity market giving up any gains it made in the first few months of the year, at the smaller end of the cap scale the need for growth makes many of them an attractive acquisition target.
Aviva Investors has launched a Global Short Duration High Yield Bond Fund targeting institutional investors seeking less volatile, more consistent income.
SWIP is among many fund houses moving towards global rather than UK investment propositions, a trend that more should be looking at and even more should be following.
Aviva Investors has announced the appointment of Paul Abberley as interim chief executive following the departure of Alain Dromer at the start of April.