Aviva profit down on restructuring costs August 9, 2012 Aviva, Britain’s second-largest insurer, reported a 10 per cent drop in half-year profit, blaming higher costs as it pushes through reorganisation aimed at improving its financial performance. Aviva made an operating profit of £935m in the first six months of 2012, down from £1.035bn a year earlier, it said today. Analysts had expected a profit [...]
Vunipola still fighting for Wasps despite nearing exit February 17, 2013 LONDON Wasps No8 Billy Vunipola is heading to Saracens next season but coach Dai Young insists his performance in yesterday’s 33-29 win over Gloucester show his allegiances lie at Adams Park for now. The 20-year-old, who scored a try yesterday, will join brother Mako at Sarries next season but Young has no fears for the [...]
Aviva aims to sell divisions by end of year August 9, 2012 INSURANCE giant Aviva hopes to sell some of its underperforming units by the end of the year, its executive chairman said yesterday. John McFarlane confirmed that his firm has appointed investment banks to advise on the disposal of 10 units, telling analysts that some of the deals are set for completion in the next six [...]
Yarde miles better than England star Ashton, insists Exiles coach February 24, 2013 LONDON Irish boss Brian Smith insists wing Marland Yarde is better than Chris Ashton and should be playing for England after he lifted London Irish away from the Aviva Premiership drop with a 30-19 win over London Wasps. Fellow England wing hopeful Christian Wade crossed in the first half to cancel out a Shane Geraghty [...]
Quins still bear Wasps scars as rematch looms February 7, 2013 HARLEQUINS centre Matt Hopper insists they have learned the lessons of a dramatic opening day victory ahead of tomorrow’s return Aviva Premiership clash with Wasps. Leaders Quins were shocked by their London rivals in the season’s curtain raiser at Twickenham, falling 40-13 behind before an astonishing comeback saw them snatch a 42-40 win. “We know [...]
Moates to leave Irish for Wasps February 26, 2013 RUGBY UNION: Scrum-half Jack Moates will join London Wasps from Aviva Premiership rivals London Irish at the end of the season. The 20-year-old has featured 17 times for the Exiles this term, including an appearance in Sunday’s 30-19 win over Wasps. Fellow No9 Pat Phibbs, on loan from Leicester Tigers, has signed permanently for Irish.
Aviva profits to fall in advance of great sell-off August 5, 2012 AVIVA is expected to announce a fall in profits this week as its new executive chairman John McFarlane prepares to flesh out proposals to streamline the business with a series of disposals. The firm adopted a radical change in direction following the resignation of former chief executive Andrew Moss in May, pleasing investors who felt [...]
Aviva raises $494m from Aviva Delta stake sale July 6, 2012 Britain’s second-biggest insurer Aviva has kicked off plans to sell or close more than a quarter of its businesses by selling part of its stake in Dutch rival Delta Lloyd for £318m. Aviva, which is aiming to regain the support of investors unhappy with its flagging share price, said it had sold 37 million shares [...]
Aviva to offload 16 units to save costs July 5, 2012 Insurer Aviva said it would sell or close 16 underperforming businesses as part of a strategic shake-up aimed at bolstering its finances and reinvigorating its flagging share price. The businesses earmarked for disposal include its South Korean arm and its British large-scale bulk purchase annuity unit, and contribute £300m to after-tax profit, Aviva said. The [...]
Alliance Trust takes on £1.2bn of Aviva’s assets along with staff August 2, 2012 ALLIANCE Trust, one of Britain’s largest investment trusts, has signed a deal to acquire a portfolio of “socially responsible” funds from insurance group Aviva as it moves ahead with an overhaul of its businesses. Alliance Trust said yesterday its Alliance Trust Investments unit will pay £1m to take on £1.2bn of assets in Aviva Investors [...]