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Pin to quick picksAviva Share News (AV.)

Share Price Information for Aviva (AV.)

London Stock Exchange
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Share Price: 495.90
Bid: 495.70
Ask: 496.10
Change: -0.30 (-0.06%)
Spread: 0.40 (0.081%)
Open: 497.40
High: 497.60
Low: 495.30
Prev. Close: 496.20
AV. Live PriceLast checked at -

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FTSE 100 ends lower as miners drag; defence firms rally

Mon, 07th Aug 2023 17:05

Miners lead sectoral falls

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LSL slides on annual profit warning

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Eyes on Q2 UK GDP data

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FTSE 100 down 0.1%, FTSE 250 sheds 0.4%

Aug 7 (Reuters) - Britain's commodity-heavy FTSE 100 index ended lower, dragged by a fall in shares of heavyweight miners on worries around weak demand from China, while gains in financials and defence firms limited declines.

The FTSE 100 index fell 0.1%, while the more domestically-focussed FTSE 250 midcap index slipped 0.4%.

The industrial metals and mining sector dipped 0.1%, tracking declining copper prices on the back of surplus inventory and poor demand prospects from top metals consumer China.

"The growth (from China) we all expected has just not been there. You take China out of the equation and global demand is a lot weaker," said Stuart Cole, chief macro economist at Equiti Capital.

"So, the outlook for miners will be less certain going forward now."

Limiting declines, however, lenders climbed 0.8%, led by a 1.2% rise in HSBC Holdings while the aerospace and defence sector gained 1.4%.

The defence sector has rallied to record highs in recent days, with analysts pointing to increased geopolitical uncertainty as one of the drivers.

The FTSE 100 snapped a three-week winning streak last week, as investors assessed a widely expected quarter percentage point rate hike from the Bank of England, data pointing to slowing business activity across Europe and a surprise U.S. credit rating cut.

Investors now await second-quarter UK GDP data later in the week, along with inflation readings from the U.S. and China.

Meanwhile, mortgage lender Halifax said British house prices fell in July for a fourth month and the slide looks set to extend into 2024, but the market showed some signs of resilience despite a rise in borrowing costs.

The real estate and real estate investment trust sectors shed 0.7% and 0.6%, respectively.

LSL Property Services tumbled 10.6% after an annual profit warning due to subdued activity in the British mortgage market. (Reporting by Shreyashi Sanyal, Siddarth S, Rupali Chaudhary and Khushi Singh in Bengaluru; Editing by Eileen Soreng and Mark Potter)

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LONDON BROKER RATINGS: RBC cuts Melrose Industries to 'sector perform'

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5 Sep 2023 14:02

Pent-up private Wegovy demand prompts UK availability concerns

Britain is Novo's fifth market for Wegovy

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5 Sep 2023 12:58

Pent-up private Wegovy demand prompts UK availability concerns

Britain is Novo's fifth market for Wegovy

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5 Sep 2023 12:38

CORRECTED (OFFICIAL)-Pent-up private Wegovy demand prompts UK availability concerns

Britain is Novo's fifth market for Wegovy

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Britain is Novo's fifth market for Wegovy

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Wegovy makes UK weight-loss debut even as Novo struggles with supplies

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British private insurer Aviva will not pay for Novo's weight-loss drug Wegovy

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31 Aug 2023 17:02

Miners drag FTSE 100 lower to snap 6-day winning streak

Glencore among top losers on FTSE 100

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30 Aug 2023 17:15

FTSE 100 gains for sixth day on homebuilders' boost

Homebuilders up 1.8%

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30 Aug 2023 08:41

Direct Line Insurance appoints Aviva regional boss as new CEO

(Alliance News) - Direct Line Insurance Group PLC on Wednesday said it has appointed former Aviva PLC UK boss Adam Winslow as its new chief executive officer, succeeding interim CEO Jon Greenwood.

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30 Aug 2023 07:49

LONDON BRIEFING: Direct Line appoints CEO; Prudential swings to profit

(Alliance News) - Stocks in London are called up on Wednesday, in hopes markets will extend Tuesday's rally.

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30 Aug 2023 07:03

Direct Line appoints Aviva's Adam Winslow as CEO

(Sharecast News) - Direct Line said it had appointed Adam Winslow as chief executive to succeed Jon Greenwood who has been acting CEO since January.

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24 Aug 2023 17:40

UK stocks end mixed, Jackson Hole summit in focus

Sell-off in cyclical stocks

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