PHNX.L - Phoenix Group Holdings
| Previous close | 803.50 |
| Open | 798.00 |
| Bid | 763.00 x 101600 |
| Ask | 812.00 x 59000 |
| Day's range | 787.00 - 801.50 |
| 52-week range | 719.00 - 820.00 |
| Volume | 939,109 |
| Avg. volume | 1,354,233 |
| Market cap | 3.096B |
| Beta | 0.38 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -6.90 |
| Earnings date | 23 Aug 2018 |
| Forward dividend & yield | 0.50 (6.35%) |
| Ex-dividend date | 2018-03-22 |
| 1y target est | 830.60 |
- Bloomberg Video•3 months ago
Phoenix CEO Says Insurance Unit Acquisition Is Earnings Accretive
Feb.26 -- Clive Bannister, chief executive officer at Phoenix Group Holdings, discusses the company's proposed acquisition of Standard Life Aberdeen Plc’s insurance unit and what it means for shareholders. He speaks with Guy Johnson and Ruth David on “Bloomberg Markets: European Open.”
Reuters•6 days agoM&S transfers £1.4 billion in pension liabilities to insurers
Marks and Spencer's (MKS.L) pension scheme has passed 1.4 billion pounds of its liabilities to Aviva (AV.L) and Phoenix (PHNX.L), the insurers said on Thursday, as companies look to reduce the risk from their pension funds. British companies such as Pearson and Smith Group are starting to transfer pensions calculated on workers' final salaries to insurers, to take the pensions risk off their own balance sheets, a trend that is encouraging new insurers into the sector.
- Reuters - UK Focus•6 days ago
M&S transfers $2 bln in pension liabilities to insurers
Marks and Spencer's pension scheme has passed 1.4 billion pounds ($1.9 billion) of its liabilities to Aviva (Other OTC: AIVAF - news) and Phoenix, the insurers said on Thursday, as companies look to reduce the risk from their pension funds. British companies such as Pearson (Xetra: 858266 - news) and Smith Group are starting to transfer pensions calculated on workers' final salaries to insurers, to take the pensions risk off their own balance sheets, a trend that is encouraging new insurers into the sector.
- Reuters - UK Focus•19 days ago
BUZZ-Top of the Street: BBVA, Standard Life Aberdeen, Commerzbank
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** "Too cheap to ignore," UBS says about BBVA and ups the bank to "buy", also pointing to earnings ...
- Reuters•20 days ago
Standard Life Aberdeen flags possible capital return after Phoenix insurance deal
Specialist UK life insurer Phoenix agreed the 3.24 billion pound deal with SLA in February, which will enable SLA to complete its switch in focus to asset management from insurance. Analysts at Bernstein said they expected SLA to have 1.2-1.3 billion pounds in capital available for share buy-backs and "bolt-on" acquisitions after the deal, in addition to using 800 million pounds for debt reduction. Phoenix and SLA also said in separately-issued statements that they were "actively progressing" with the proposed deal, expected to be completed in the third quarter of 2018.
- Reuters - UK Focus•20 days ago
SLA flags possible capital return after Phoenix insurance deal
Britain's Standard Life Aberdeen (SLA) said on Thursday it was considering the potential for a "substantial" return of capital to shareholders after it completes a deal to sell the bulk of its insurance business to Phoenix Group. Specialist UK life insurer Phoenix agreed the 3.24 billion pound ($4.40 billion) deal with SLA in February, which will enable SLA to complete its switch in focus to asset management from insurance. Phoenix and SLA also said in separately-issued statements that they were "actively progressing" with the proposed deal, expected to be completed in the third quarter of 2018.
- Reuters - UK Focus•20 days ago
Standard Life reiterates capital return plans after Phoenix deal
Standard Life Aberdeen on Thursday said it was considering the potential for a "susbtantial" return of capital to shareholders after its deal to sell the bulk of its insurance business to Phoenix Group closes. Phoenix and Standard Life Aberdeen said they are "actively progressing" with the separation for the proposed deal, expected to be completed in the third quarter of 2018. SLA and Phoenix said the parties' respective circulars and the Phoenix prospectus will be published shortly after May 29, when Standard Life Aberdeen's annual general meeting will be held.
Reuters•last monthEurope's pension problem spurs return of veteran investors
British pensions specialist Clive Cowdery has raised $2 billion (1.4 billion pounds) in commitments from investors for a new fund to buy up life insurance policies from companies struggling to make enough money to cover long-term payouts, sources told Reuters. The fund is one of a series of new ventures designed to capitalise on the difficulty life insurers and company pension schemes face in generating the returns required in an environment of low interest rates and tougher capital rules. Cowdery, founder of The Resolution Group, one of UK life insurance's biggest names, will be focusing on life insurance policies closed to new customers in continental Europe and the United States, three sources told Reuters.
- Reuters - UK Focus•last month
Europe's pension problem spurs return of veteran investors
British pensions specialist Clive Cowdery has raised $2 billion in commitments from investors for a new fund to buy up life insurance policies from companies struggling to make enough money to cover long-term payouts, sources told Reuters. The fund is one of a series of new ventures designed to capitalise on the difficulty life insurers and company pension schemes face in generating the returns required in an environment of low interest rates and tougher capital rules.
- Reuters•2 months ago
Phoenix Group to stick to closed life books after Standard Life Aberdeen deal
Phoenix bought SLA's ongoing Irish and German insurance businesses, as well as closed books of annuities, in a 3.24 billion pound ($4.52 billion) deal announced last month. "We are a closed life business and it would fly in the face of our strategic logic," CEO Clive Bannister told Reuters when asked about the possibility of expanding into open books.
- Reuters - UK Focus•2 months ago
Phoenix Group to stick to closed life books after Standard Life Aberdeen deal
Phoenix Group said it would not change tack and buy open books of insurance, following a recent deal to buy the majority of Standard Life Aberdeen's insurance business and become Europe's largest manager of books of mature business. Phoenix bought SLA's ongoing Irish and German insurance businesses, as well as closed books of annuities, in a 3.24 billion pound ($4.52 billion) deal announced last month.
- Reuters - UK Focus•2 months ago
Prudential to split in new world order for British insurers
Prudential is to spin off its British and European business from its international operations, breaking up the 170-year-old insurer to refocus on faster-growing markets in the sector's latest major shake-up. Prudential said it is splitting off savings and investment-focused M&G Prudential, which will be based in London, leaving Prudential plc focused on life insurance and asset management in the rapidly expanding markets of Asia and Africa as well as the United States, which is less tightly regulated than Europe.
Reuters•3 months agoIAG, RBS drops send FTSE 100 to a weekly loss
The UK's top share index dipped on Friday after bank RBS and airline operator IAG tumbled following their results, sending the FTSE 100 to a slight weekly loss. Britain's blue chip FTSE 100 index closed down 0.11 percent at 7,244 points. Shares in Royal Bank of Scotland were the biggest fallers, down 4.8 percent and on track for their biggest one-day drop in nearly one year after the bank reported its full year results.
- Reuters - UK Focus•3 months ago
IAG, RBS drops send FTSE 100 to a weekly loss
The UK's top share index dipped on Friday after bank RBS and airline operator IAG tumbled following their results, sending the FTSE 100 to a slight weekly loss. Britain's blue chip FTSE 100 index closed down 0.11 percent at 7,244 points. Shares (Berlin: DI6.BE - news) in Royal Bank of Scotland were the biggest fallers, down 4.8 percent and on track for their biggest one-day drop in nearly one year after the bank reported its full year results.
- Reuters - UK Focus•3 months ago
BUZZ-Standard Life Aberdeen shares lose post-Phoenix deal lustre
** Shares in Standard Life Aberdeen down 2.7 pct in late Friday trading after earlier being up more than 4 percent as market digests details of insurance unit sale to Phoenix. ** Analysts at UBS, KBW among ...
Reuters•3 months agoStandard Life Aberdeen CEOs hit merger pay jackpot
Standard Life Aberdeen (SLA.L) revealed its chief executives took home bumper pay packets in 2017 after the duo engineered an 11 billion pound merger of their rival Scottish firms. Total pay for Keith Skeoch, the former CEO of insurer and asset manager Standard Life, rose by nine percent to 3 million pounds in 2017, according to SLA's first annual report.
- Reuters - UK Focus•3 months ago
Standard Life Aberdeen CEOs hit merger pay jackpot
Standard Life Aberdeen revealed its chief executives took home bumper pay packets in 2017 after the duo engineered an 11 billion pound merger of their rival Scottish firms. Total pay for Keith Skeoch, ...
- Reuters•3 months ago
Deals of the day-Mergers and acquisitions
(Adds Tencent, General Mills, Wilhelmsen Maritime) Feb 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Friday: ** U.S. semiconductor testing company ...
- Reuters - UK Focus•3 months ago
Standard Life Aberdeen's Skeoch lands $4.2 mln jackpot in 2017
Standard Life Aberdeen revealed on Friday its co-chief executive Keith Skeoch's total pay rose by nine percent to 3 million pounds ($4.2 million) in 2017. Skeoch was formerly the CEO of insurer and asset manager Standard Life, which completed an 11 billion pound merger with Scottish rival Aberdeen Asset Management (Frankfurt: 899502 - news) in August last year.
- Reuters - UK Focus•3 months ago
Britain's Standard Life Aberdeen sells insurance unit to Phoenix
Standard Life Aberdeen (SLA) has agreed to sell the bulk of its insurance business to Phoenix Group for 3.24 billion pounds ($4.5 billion), allowing it to focus on savings and investment products. SLA will receive 2.3 billion pounds in cash and a 19.9 percent stake in Phoenix, which is raising 1 billion pounds to fund the deal to become Europe's largest manager of books of mature business from insurance companies. The sale is part of a long-standing drive by the Standard Life business to exit insurance, which carries onerous capital rules as a result of the industry's European Solvency II rules.
- Reuters - UK Focus•3 months ago
IAG, RBS drops put FTSE 100 on course for weekly loss
The UK's top share index took a knock on Friday after bank RBS and airline operator IAG tumbled following their results, putting the FTSE 100 on track for a slight weekly loss. Britain's blue chip FTSE 100 index was down 0.2 percent at 7,240.07 points by 1002 GMT, while mid caps gained 0.2 percent. Shares (Berlin: DI6.BE - news) in Royal Bank of Scotland were the biggest fallers, down 4.5 percent and on track for their biggest one-day drop in nearly one year after the bank reported its full year results.
- Reuters - UK Focus•3 months ago
European shares flat; poor updates weigh as BT rallies
European shares steadied on Friday as investors digested a flurry of company results, including disappointing updates from Royal Bank of Scotland and Valeo, while BT rallied after Britain's telecoms regulator ...
- Bloomberg•3 months ago
Standard Life to Sell Insurance Unit to Phoenix Group
Standard Life Aberdeen co-CEO Martin Gilbert discusses the plan to sell the company's insurance unit to Phoenix Group, and talks about the markets. He speaks on "Bloomberg Daybreak: Europe." ...
- Reuters•3 months ago
Phoenix Group to raise 950 million pounds to fund Standard Life Aberdeen deal
(Reuters) - Phoenix Group on Friday said it would raise 950 million pounds in a rights issue to finance the acquisition of Standard Life Aberdeen's European life insurance business for 2.93 billion pounds. ...
- Bloomberg•3 months ago
Phoenix Triples Business in Standard Life Deal; Shares Jump
Investors cheered Phoenix Group Holdings’ acquisition of Standard Life Aberdeen Plc’s insurance unit Friday, a deal that will triple the U.K. company’s life-insurance assets.
