Mon, 24th Nov 2014 16:04
On Wednesday morning Friends Life issued a statement saying its stock should not trade ex-dividend ahead of the 9 April Scheme Record Time and Friends Life Dividend Record Date. The company also noted the sharp move in its stock price. In parallel some reports were indicating that the firm had go
Read moreOil major Shell was making gains after being given the green light by the US government to restart an exploration campaign in the Alaskan Arctic. Imperial Tobacco rebounded from Tuesday's losses, which were driven by concerns that the Lorrillard-Reynolds merger will fall apart. Banks such as Barcla
Read moreThe 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 30.8
Read moreShares in British engineering giant Weir Group rose on the back of market chatter that a cash-rich private equity consortium in the US is looking to table a 2,500p per share break-up offer for the group, compared with current prices at around 1,800p. ITV continued higher on Thursday's raised price t
Read moreDetails of the European Central Bank's (ECB) quantitative easing package helped the FTSE 100 to another record close on Thursday, with financial stocks making solid gains by the end of the session. The Footise finished the day 41.9 points higher (+0.61%) at 6,961.14, surpassing a previous closing re
Read moreInsurers Aviva and Friends Life Group (FLG) each jumped over 7% on Thursday as investors celebrated the companies' 2014 results ahead of the proposed merger, giving the life insurance sector a big boost in London. The impressive figures also helped to allay fears across the wider sector, showing tha
Read moreAhead of its proposed takeover by larger peer Aviva, insurance group Friends Life Group (FLG) smashed expectations with its 2014 results on Thursday as profits surged and cash generation exceeded guidance. FLG's shares surged in London, buoyed further by forecast-beating full-year numbers from Aviva
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