"Over the last three years Aviva has been through a significant transformation and it is now entering the growth phase of its development. It has fixed the balance sheet and now has one of the strongest financial positions in the sector. It has a clear strategy focused on offering customers a comprehensive range of insurance products through the convenience of Digital (True Customer Composite and Digital First). It has narrowed the Group's geographic focus, successfully integrated the acquisition of Friends Life, and improved the operating performance of the businesses.
Mark Wilson, Group Chief Executive Officer, said:
"Aviva is entering a new phase in its transformation. We have fixed the balance sheet, focused the business, and turned the operating performance around. The business is developing rapidly.
"We see significant opportunities to differentiate our business in the UK post-Brexit. We like the UK, we are investing in the UK, and we are growing in the UK.
"Our priorities are to continue to deepen our position in our home UK market with our 16 million customers, and to continue to grow in our core international markets to diversify and strengthen Aviva. This puts us in a peer group of one.
Hott, yes asked them, quickly actioned. Think this never met valid C&H criteria so that's history. It now looks to me like a short hike down, maybe till £4.50 ~ 23% fib also 100ma area (unless we see a close above 4.90 of course)
Yes, looks a little bit like a C&H ( cup & handle , for those not liking abbreviations ) --- The handle , as you say, looking to fail lower atm. ----- C&H patterns are supposed to be considered Bullish continuation patterns tho' in which buying opportunities may be identified ? So who knows --- have to wait and see what the next few days volumes show , esp. if the weakness looks set to continue --
Datafeed and UK data supplied by NBTrader and Digital Look.
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