Former Lloyds chief Eric Daniels tipped as next Aviva chairman March 17, 2011 ERIC Daniels, the former Lloyds Banking Group chief executive, is a candidate to become the next chairman at insurer Aviva, City A.M. learned yesterday. Daniels, who stepped down as Lloyds’ chief executive at the start of March, is one of about five candidates approached by Aviva about taking a non-executive board position. The new director [...]
Colfax stalls Charter offer for one week October 10, 2011 ENGINEERING group Charter International had to delay giving shareholders the full details of the offer from US buyer Colfax for another week, it said yesterday. Charter’s board was due to publish the full scheme of arrangement for the takeover yesterday but it asked the Takeover Panel to grant it another week’s grace as it finalises [...]
Colfax stalls Charter offer for one week October 10, 2011 ENGINEERING group Charter International had to delay giving shareholders the full details of the offer from US buyer Colfax for another week, it said yesterday. Charter’s board was due to publish the full scheme of arrangement for the takeover yesterday but it asked the Takeover Panel to grant it another week’s grace as it finalises [...]
France better on day but all credit to New Zealand October 23, 2011 YOU can’t contemplate how big an achievement it is to win a World Cup with your fourth choice fly-half. Not only have New Zealand been the best team for the last four years and at this tournament, they have also had to overcome so many setbacks. They deserve all the credit that they get. It [...]
S&P ups outlook on Aviva February 9, 2011 INSURANCE group Aviva’s credit rating outlook was upgraded yesterday by Standard & Poor’s after it confirmed plans to cut its debt and reduce pension deficits, and on the strengthening of its balance sheet. Aviva’s outlook was raised from negative to stable by the rating agency, which also affirmed the group’s core operating entities at AA-. [...]
BEST OF THE BROKERS August 16, 2011 AVIVA Citi rates the insurance group “hold” with a target price of 415p, lowered from 440p. The broker has updated its forecast due to the effects of dilution from asset sales, which could impede medium term earnings growth. Aviva’s results showed strong progress in life earnings, while non-life earnings were affected by lower investment results [...]
BEST OF THE BROKERS August 16, 2011 AVIVA Citi rates the insurance group “hold” with a target price of 415p, lowered from 440p. The broker has updated its forecast due to the effects of dilution from asset sales, which could impede medium term earnings growth. Aviva’s results showed strong progress in life earnings, while non-life earnings were affected by lower investment results [...]
Mitchells & Butlers sets Lewis a deadline for his next move September 16, 2011 THE INDEPENDENT directors of Mitchells & Butlers have issued a put up or shut up notice to Piedmont, forcing Joe Lewis to make a public offer for the group by 17 October. If Piedmont fails to come back with a firm offer by the deadline of 5pm on 17 October, following its possible offer of [...]
Italy at heart of fresh Eurozone crisis fears October 28, 2011 Euphoria from this week’s Eurozone debt deal has evaporated after Italy’s latest bond auction as a lack of appetite for its ten-year bonds forced it to pay record yields to get the sale off the ground. In a sign of market scepticism that the Eurozone is safe from further debt problems, Italy had to sell [...]
FTSE weak as investors eye G20 November 3, 2011 The FTSE 100 tracked falls in Asia as leaders of the world’s biggest economies gathered in France for a G20 summit set to be dominated by the threat of Greece falling out of the Eurozone. The leaders of France and Germany, angered at Greece’s shock move to call a referendum on its latest bail-out plan [...]