Advertisement
UK markets closed
  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     
  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     
  • AIM

    745.67
    +0.38 (+0.05%)
     
  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     
  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     
  • Bitcoin GBP

    51,634.45
    +2,028.45 (+4.09%)
     
  • CMC Crypto 200

    1,371.97
    +59.34 (+4.52%)
     
  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     
  • DOW

    37,986.40
    +211.02 (+0.56%)
     
  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     
  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     
  • DAX

    17,737.36
    -100.04 (-0.56%)
     
  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     

Aviva FY profit rises 2 pct, plans 500 mln stg buyback

LONDON, March 8 (Reuters) - Insurer Aviva posted a 2 percent rise in 2017 operating profit to 3.1 billion pounds ($4.31 billion) on Thursday, boosted by strong performance in its UK division, and said it would give 500 million pounds back to shareholders.

Operating profit was forecast at 3 billion pounds, according to a company-supplied consensus forecast.

Aviva (Other OTC: AIVAF - news) , which offers general and life insurance, also said in a statement it planned to spend 600 million pounds on "bolt-on" acquisitions.

Assets under management at Aviva Investors, its fund arm, rose 9 percent percent to 490 billion pounds.

Aviva said it would pay a total dividend of 27.4 pence, up 18 percent and above a forecast 26.4 pence. ($1 = 0.8054 euros) ($1 = 0.7200 pounds) (Reporting by Carolyn Cohn; editing by Simon Jessop)