PHNX.L - Phoenix Group Holdings

LSE - LSE Delayed price. Currency in GBp
781.50
+15.00 (+1.96%)
At close: 4:35PM BST
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Previous close766.50
Open768.00
Bid0.00 x 101600
Ask0.00 x 59000
Day's range761.00 - 781.50
52-week range719.00 - 820.00
Volume802,441
Avg. volume1,127,213
Market cap3.071B
Beta0.37
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield0.50 (6.46%)
Ex-dividend date2018-03-22
1y target estN/A
  • Phoenix CEO Says Insurance Unit Acquisition Is Earnings Accretive
    Bloomberg Video4 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.”

  • Reuters9 days ago

    Specialist insurer LCCG buys UK's Equitable Life, policyholders gain $2.4 billion

    Specialist insurer Life Company Consolidation Group (LCCG) is buying Britain's oldest mutual life insurance company Equitable Life, the firms said on Friday, releasing 1.8 billion pounds ($2.4 billion) to Equitable Life policyholders. Equitable Life, established in 1762, has more than 300,000 policyholders and manages assets of 6.3 billion pounds ($8.4 billion), but it closed to new customers in 2000 after it came close to collapse. Its policies will transfer to LCCG's Reliance Life subsidiary, with the deal due to complete by the end of 2019, LCCG said in a statement.

  • Reuters12 days ago

    FCA ends fair treatment investigation into Scottish Widows

    Britain's financial markets regulator said on Tuesday it had ended its investigation into Scottish Widows, as part of a thematic review into the fair treatment of longstanding customers in the life insurance sector. The Financial Conduct Authority said it had concluded there was "insufficient basis for taking any enforcement action", although it planned to raise a number of issues uncovered as part of the investigation with the firm. Investigations into Prudential (PRU.L), Countrywide Assured, Old Mutual (OML.L) and Abbey Life (PHNX.L) were continuing, the FCA said in a statement.

  • Reuters - UK Focus12 days ago

    FCA ends fair treatment investigation into Scottish Widows

    Britain's financial markets regulator said on Tuesday it had ended its investigation into Scottish Widows, as part of a thematic review into the fair treatment of longstanding customers in the life insurance ...

  • Reuters16 days ago

    Lloyds sells Standard Life Aberdeen stake

    Lloyds Banking Group (LLOY.L) will sell its remaining 97.7 million shares in Standard Life Aberdeen (SLA.L), representing a 3.3 percent stake in the asset manager, Bank of America Merrill Lynch which is running the deal said on Thursday. The sale comes after Lloyds cancelled its 109 billion pound mandate with Standard Life Aberdeen (SLA) in February, citing competition concerns following the 11 billion pound merger of Aberdeen Asset Management and Standard Life. "The holding supported the partnership agreements that were previously in place with Standard Life Aberdeen, but given notice has been served for these agreements, and we are not a natural long-term holder of equities, we have now made the decision to sell the stake," a Lloyds Banking Group spokesman said by email.

  • Reuters - UK Focus17 days ago

    Lloyds sells Standard Life Aberdeen stake

    Lloyds Banking Group will sell its remaining 97.7 million shares in Standard Life Aberdeen, representing a 3.3 percent stake in the asset manager, Bank of America Merrill Lynch which is running the deal ...

  • Reuters25 days ago

    Standard Life Aberdeen sees extra annual savings of 100 million pounds from Phoenix sale

    Standard Life Aberdeen (SLA.L) on Wednesday said it expected to save an extra 100 million pounds a year in 'efficiency savings' by 2020 after it completes the sale of its insurance business to Phoenix Group (PHNX.L).

  • Reuters - UK Focus25 days ago

    Standard Life Aberdeen sees extra 100 mln stg/year savings from Phoenix sale

    Standard Life Aberdeen on Wednesday said it expected to save an extra 100 million pounds a year in 'efficiency savings' by 2020 after it completes the sale of its insurance business to Phoenix Group . ...

  • Reuters - UK Focus26 days ago

    Standard Life Aberdeen to return as much as 1.75 bln stg to investors

    Standard Life Aberdeen plans to return as much as 1.75 billion pounds ($2.3 billion) to its shareholders in the wake of the sale of its insurance business to Phoenix Group. The investment company aims to hand back 1 billion pounds through a B share scheme and up to 750 million pounds via a share buyback, it said on Tuesday. The sale to Phoenix is expected to complete in the third quarter and will allow SLA to exit the insurance industry, which is now wrestling with tougher capital rules following the introduction of Europe's Solvency II regulations.

  • M&S transfers £1.4 billion in pension liabilities to insurers
    Reuterslast month

    M&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 Focuslast month

    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 Focus2 months 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 ...

  • Reuters2 months 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 Focus2 months 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 Focus2 months 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.

  • Europe's pension problem spurs return of veteran investors
    Reuters2 months ago

    Europe'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 Focus2 months ago

    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.

  • Reuters3 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 Focus3 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 Focus3 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.

  • IAG, RBS drops send FTSE 100 to a weekly loss
    Reuters4 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 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 Focus4 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 Focus4 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 ...

  • Standard Life Aberdeen CEOs hit merger pay jackpot
    Reuters4 months ago

    Standard 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 Focus4 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, ...

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