Aviva (AV.)

Sector:

Insurance

Index:

FTSE 100

453.10p
   
  • Change Today:
    -7.70p
  • 52 Week High: 506.60p
  • 52 Week Low: 402.10p
  • Currency: UK Pounds
  • Shares Issued: 2,677.09m
  • Volume: 10,027,482
  • Market Cap: £12,130m
  • RiskGrade: 140

Melrose in talks to transfer one of GKN's pension schemes

By Alexander Bueso

Date: Friday 31 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Turnaround specialist Melrose is studying offloading the smaller of engineer GKN's two retirement schemes, with liabilities of close to £500.0m, to an insurer.
Citing sources close to the situation, Sky News reported that talks with various insurers, including Aviva and Scottish Widows, had been ongoing for several weeks now.

Significantly, Melrose told Sky that it would follow-through on a previous pledge to inject £1.0bn into the two schemes regardless of "any other measures" such as a possible buyout by a specialist provider, which it said would enhance the pensioner covenant.

Such a transaction, known as a 'pension risk transfer', have been used in recent years by the likes of Rolls Royce, EMI and WPP.

GKN's two schemes pension schemes have approximately 32,000 members.

Rothschild and Jefferies had reportedly won the mandate to handle the process.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Aviva Market Data

Currency UK Pounds
Share Price 453.10p
Change Today -7.70p
% Change -1.67 %
52 Week High 506.60p
52 Week Low 402.10p
Volume 10,027,482
Shares Issued 2,677.09m
Market Cap £12,130m
RiskGrade 140

Aviva Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.56% above the market average78.56% above the market average78.56% above the market average78.56% above the market average78.56% above the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Price Trend
26.66% above the market average26.66% above the market average26.66% above the market average26.66% above the market average26.66% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Income
91.97% above the market average91.97% above the market average91.97% above the market average91.97% above the market average91.97% above the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
66.26% below the market average66.26% below the market average66.26% below the market average66.26% below the market average66.26% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 7
Sell 1
Strong Sell 0
Total 15
buy
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Trades for 31-Oct-2024

Time Volume / Share Price
16:35 15,200 @ 453.10p
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16:35 393 @ 453.10p
16:35 1,889 @ 453.10p
16:35 44,767 @ 453.10p

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