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Friends Life partnership scheme sells nearly £164m of Aviva shares

Tue, 31st Mar 2015 16:10

The partnership structure created by insurance group Friends Life has sold nearly £164m of shares in UK insurer Aviva, according to a report by Reuters on Tuesday.Dubbed as "Value Share", the partnership structure was created by Friends Life in order to reward its founders."Value Share" sold 30.8m Aviva shares priced at 532p each, according to a Reuters source familiar with the matter. "The seller received Aviva shares as consideration for the merger, and has now decided to sell," the source said.The share placement comes after Aviva announced the purchase of Friends Life for £5.6bn last year.Friends Life shares were down 1.7% at 413p while Aviva shares lost 1.5% at 540p.
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14 Aug 2014 10:34

UK WINNERS & LOSERS: Carillion Jumps Back In The M&A Spotlight

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11 Aug 2014 16:59

London close: FTSE ends higher as investor sentiment improves

- FTSE closes up 65.46 at 6,632.82 - Geopolitical tensions ease, sentiment improves - UK home loans rise in June techMARK 2,727.40 +1.23% FTSE 100 6,632.82 +1.00% FTSE 250 15,460.73 +1.43% UK stocks registered a decent gain on Monday as investors took advantage of the bargains to be had following

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11 Aug 2014 13:00

Broker tips: Friends Life Group, Rio Tinto, Drax

Deutsche Bank has lowered its recommendation for Friends Life Group (FLG) from 'buy' to 'hold', saying it sees worse-than-expected underlying trends at the life assurance firm. The bank said that its previous 'buy' call had been due to "four main planks", two of which now appear weaker than origina

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11 Aug 2014 12:03

London midday: Bargain-hunting helps UK stocks rebound

- Geopolitical tensions ease slightly - Gaza, Ukraine, Iraq news-flow improves - Balfour rejects Carillion approach again techMARK 2,718.86 +0.91% FTSE 100 6,613.50 +0.70% FTSE 250 15,425.38 +1.19% UK stocks were performing well on Monday morning as investors took advantage of easing geopolitical

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11 Aug 2014 10:31

Deutsche Bank downgrades Friends Life, upside now "less compelling"

Deutsche Bank has lowered its recommendation for Friends Life Group (FLG) from 'buy' to 'hold', saying it sees worse-than-expected underlying trends at the life assurance firm. The bank said that its previous 'buy' call had been due to "four main planks", two of which now appear weaker than origina

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11 Aug 2014 10:22

Monday broker round-up UPDATE

Avacta Group: Numis lowers target price from 2p to 1.6p retaining its buy recommendation. Braemer Shipping Services: Westhouse Securities reinstates with a target price of 545p and a buy recommendation. British Land: Liberum Capital upgrades to buy with a target price of 763p. Catlin Group: Deuts

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7 Aug 2014 05:25

UK Earnings, Trading Statements Calendar - Week Ahead

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6 Aug 2014 15:08

UK Earnings, Trading Statements Calendar - Week Ahead

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6 Aug 2014 13:46

Friends Life interim results miss forecasts - UPDATE

Mixed first-half results from Friends Life Group showed lower profits than expected as management try to reposition the business to traverse the shifting regulatory sands. The FTSE 100 company, which changed its name from Resolution in May after a transformational restructuring programme, lifted s

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6 Aug 2014 10:23

TOP NEWS: Standard Chartered Profit Slips As It Confirms US Probe

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6 Aug 2014 07:54

Friends Life First-Half Pretax Operating Profit Declines 7%

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6 Aug 2014 07:31

UK MORNING BRIEFING: Shares Open Lower Amid Ukraine Tensions

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6 Aug 2014 06:33

MARKET COMMENT: UK Equities Seen Lower Amid Fresh Geopolitical Fears

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6 Aug 2014 05:25

UK Earnings, Trading Statements Calendar - Week Ahead

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5 Aug 2014 16:47

Wednesday preview: Standard Chartered in focus

A pair of FTSE 100 financial services companies will draw much attention on Wednesday, with Standard Chartered and Friends Life reporting together with a smattering of mid-caps. The market will be keenly watching Standard Chartered results, released at 09.15, after management signaled on 26 June t

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