July 27, 2017

News & Tips: Aviva, Standard Life/Aberdeen, Just Eat & more



Just Eat new logo unveiled in September of 2016
By Just Eat (Just Eat) [CC BY-SA 4.0], via Wikimedia Commons

Today’s market overview

London shares started the day flat as investors absorbed Donald Trump’s latest machinations but have begun to pick up as the morning as worn on. Click here for The Trader Nicole Elliott’s latest views on the markets.

IC TIP UPDATES:

Aviva ( AV .) has withdrawn €475m (£403m) of capital from Spain by selling its 50 per cent shareholding in life assurance and pensions joint venture Unicorp Vida. The deal is part of the group’s strategy to allocate capital to markets it hopes can deliver higher returns and a wider review of its Spanish operations. Buy .

Lloyd’s insurer Novae ( NVA ) saw gross written premiums ahead by 13.8 per cent on a constant currency basis in the first three months of 2017, although rates on renewals were down 2 per cent. The insurer has withdrawn from certain classes of business deemed to be unprofitable, and is now focussed Lloyd’s business. However, the group admitted that with softer margins firmly entrenched, it is unlikely to achieve a combined ratio (of premium income to claims of above 100 per cent. Furthermore, low interest rates mean that the £1.47bn of assets is earning an investment return of […]

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About NGE Staff 9621 Articles
The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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