Phoenix Group Holdings (PHNX)

Sector:

Insurance

Index:

FTSE 100

525.50p
   
  • Change Today:
      10.50p
  • 52 Week High: 582.20
  • 52 Week Low: 441.60
  • Currency: UK Pounds
  • Shares Issued: 1,001.56m
  • Volume: 3,683,423
  • Market Cap: £5,263m

Phoenix Group completes acquisition of Abbey Life business from Deutsche Bank

By Maryam Cockar

Date: Friday 30 Dec 2016

LONDON (ShareCast) - (ShareCast News) - Insurance company Phoenix Group has completed the acquisitions of the Abbey life assurance, life and securities businesses from Deutsche Bank.
The FTSE 250 company bought Abbey Life Assurance Company, Abbey Life Trustee Services and Abbey Life Trust Securities from Deutsche Holdings Number Four, a subsidiary of Deutsche Bank.

On 13 December the company announced it gained regulatory approval from the Prudential Regulation Authority for the acquisition of Abbey Life Assurance Company.

The sale is thought to be a boost to Deutsche Bank's capital position as in September the US Department of Justice fined the German lender $14bn over alleged mis-selling of mortgage backed securities.

Shares in Phoenix Group were down 0.25% to 732.14p at 1137 and shares in Deutsche Bank were up 0.73% to 17.95 cents in pre-market trade.

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

 

PHNX Market Data

Currency UK Pounds
Share Price 525.50p
Change Today 10.50p
% Change 2.04 %
52 Week High 582.20
52 Week Low 441.60
Volume 3,683,423
Shares Issued 1,001.56m
Market Cap £5,263m

PHNX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.27% above the market average56.27% above the market average56.27% above the market average56.27% above the market average56.27% 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
12.78% below the market average12.78% below the market average12.78% below the market average12.78% below the market average12.78% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Income
93.45% above the market average93.45% above the market average93.45% above the market average93.45% above the market average93.45% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
63.03% below the market average63.03% below the market average63.03% below the market average63.03% below the market average63.03% 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 3
Buy 4
Neutral 4
Sell 2
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PHNX Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Apr-24 28-Sep-23
Paid 22-May-24 23-Oct-23
Amount 26.65p 26.00p

Trades for 16-May-2024

Time Volume / Share Price
17:22 26,364 @ 525.00p
16:49 1,475 @ 525.50p
16:45 39,899 @ 524.51p
16:36 36,882 @ 525.48p
16:35 2,264 @ 525.50p

PHNX Key Personnel

Chair Nicholas Lyons
CEO Andrew Briggs

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