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Pin to quick picksPhoenix Group Holdings Share News (PHNX)

Share Price Information for Phoenix Group Holdings (PHNX)

London Stock Exchange
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Share Price: 504.50
Bid: 505.00
Ask: 505.50
Change: -4.00 (-0.79%)
Spread: 0.50 (0.099%)
Open: 507.00
High: 508.50
Low: 502.50
Prev. Close: 508.50
PHNX Live PriceLast checked at -

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Phoenix Group to report one-off £70m provision in results - report

Mon, 18th Mar 2024 12:16

(Sharecast News) - Phoenix Group slumped on Monday after The Times suggested it will report a one-off provision of £70m in its annual results on Friday to cover the cost of reducing customer charges.

According to The Times, it will cover a cut in annual pension charges across old funds, and other customer support measures, to comply with the Financial Conduct Authority's new consumer duty rules.

These will start to apply to off-sale or closed-book financial products from 31 July.

At 1215 GMT, the shares were down 4.3% at 482.91p.

More News
6 Dec 2022 09:18

Phoenix Group to deliver GBP1.2 billion of new business in 2022

(Alliance News) - Phoenix Group Holdings PLC on Tuesday said it expects to achieve strong organic growth in 2022, with GBP1.2 billion of new business to be delivered in the year.

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6 Dec 2022 07:55

LONDON BRIEFING: Ashtead raises annual guidance after strong half

(Alliance News) - Stock prices in London were called to open lower on Tuesday, following a weak New York close, as some strong US data stoked interest rate hike fears.

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6 Dec 2022 07:22

Phoenix Group on track for 'strong' year of organic growth

(Sharecast News) - Phoenix Group described a year of "strong organic growth" in an update on Tuesday, saying it expected to deliver around £1.2bn of incremental, organic new business long-term cash generation in 2022.

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22 Nov 2022 10:09

LONDON BROKER RATINGS: Credit Suisse cuts Vodafone; Citi likes BP

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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17 Nov 2022 14:10

Britain to help insurers invest in economy, trims bank tax rate

LONDON, Nov 17 (Reuters) - Britain set out more plans on Thursday to help make it the world's most competitive financial centre by easing capital rules for insurers, trimming a tax rate for banks, and promising to review all financial rules from the European Union.

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17 Nov 2022 12:21

Britain to help insurers boost investment in economy

LONDON, Nov 17 (Reuters) - Britain's finance minister Jeremy Hunt announced a plan on Thursday to free up billions of pounds from the capital buffers of insurers to invest in infrastructure, potentially boosting economic growth.

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16 Nov 2022 14:25

Britain's insurers become test case for post-Brexit 'unshackling'

LONDON, Nov 16 (Reuters) - The British government and the Bank of England are reforming insurers' capital rules, seen as a post-Brexit test of UK willingness to "unshackle" the City of London after leaving the European Union.

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16 Nov 2022 11:11

Bulkamania: dividend upgrades coming

STOXX 600 down 0.6%

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16 Nov 2022 09:26

LONDON BROKER RATINGS: Berenberg raises Kainos to 'buy' from 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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27 Oct 2022 10:14

LONDON BROKER RATINGS: Kepler Cheuvreux starts Haleon at 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday afternoon:

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13 Oct 2022 10:45

How are life insurers coping in LDI storm?

LONDON, Oct 13 (Reuters) - The focus of a gilt market storm has been around pension schemes' use of liability-driven investments (LDI), many of which are highly leveraged.

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6 Oct 2022 10:46

LONDON BROKER RATINGS: Berenberg cuts Anglo American and Gem Diamonds

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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4 Oct 2022 14:43

DIRECTOR DEALINGS: Senior Chair Ian King buys 100,000 shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and Tuesday and not separately reported by Alliance News:

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3 Oct 2022 07:56

Phoenix Group plans to back new nuclear power stations - report

(Sharecast News) - Phoenix Group is reportedly preparing to back the government's plans for a nuclear renaissance, but only if ministers overhaul the funding model that previously led to the collapse of proposed power stations.

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9 Sep 2022 12:17

Ex-Pru's Wells starts as CEO of insurer Athora after approvals

LONDON, Sept 9 (Reuters) - Former Prudential chief executive Mike Wells started as CEO of specialist life insurer Athora on Friday after receiving regulatory approvals, Athora said in a statement.

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