Advertisement
UK markets close in 3 hours 49 minutes
  • FTSE 100

    8,119.24
    +40.38 (+0.50%)
     
  • FTSE 250

    19,814.26
    +212.28 (+1.08%)
     
  • AIM

    755.41
    +2.29 (+0.30%)
     
  • GBP/EUR

    1.1670
    +0.0013 (+0.11%)
     
  • GBP/USD

    1.2517
    +0.0006 (+0.05%)
     
  • Bitcoin GBP

    51,286.07
    +321.32 (+0.63%)
     
  • CMC Crypto 200

    1,383.71
    -12.82 (-0.92%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CRUDE OIL

    84.17
    +0.60 (+0.72%)
     
  • GOLD FUTURES

    2,358.70
    +16.20 (+0.69%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,059.40
    +142.12 (+0.79%)
     
  • CAC 40

    8,045.71
    +29.06 (+0.36%)
     

BUZZ-Phoenix Group: seen up on FY results beat, guidance

** Shares of Phoenix Group Holdings seen up ~1-2 pct premarket after co. reported higher FY profit and targeted cash generation of 3.8 bln pounds from 2019 to 2023

** Co. also proposed final dividend of 23.4p per share, a 3.5 pct increase

** Brokerage JP Morgan cites solid FY18 results and incremental value creation from raised synergy guidance

** Says co. looks attractive with ~7 pct dividend yield, is well positioned for M&A, and its management is disciplined around targets (aniruddha.c.thomsonreuters.com@reuters.net)