Phoenix Group discontinues Sunlife sale as firm reports profit boost
WEB3 days ago · Operating cash generation rose 19 per cent to £647m, which Phoenix put down to "strong delivery of recurring management targets". FTSE 100 pensions giant Phoenix Group said that it had “discontinued” the Sunlife sale process as the firm reported a solid increase in profit in the first half. The firm said it had stopped the sale due to ...
UK insurer Phoenix halts SunLife sale on regulatory uncertainty
WEB3 days ago · The logo of Sun Life Financial is seen in Toronto May 6, 2015. ... Shares fell 2.8% in early trade as the SunLife news overshadowed Phoenix's first-half earnings and total cash that surpassed ...
Phoenix Dives As FTSE 100 Firm Cancels SunLife Sale - Forbes
WEB3 days ago · Getty Images. Shares in Phoenix Group dropped on Monday as the financial services giant axed plans to sell its SunLife division. At 562p per share, the FTSE 100 firm was last 2.5% lower in start ...
FTSE 100's Phoenix Group ends Sunlife sale, sees profit surge in …
WEBThe decision to sell Sunlife was made in June following a strategic review that deemed it non-essential to Phoenix's future plans. This news was released alongside Phoenix's financial results for ...
2024 half year results | Phoenix Group
WEB3 days ago · Operating Cash Generation target of £1.4bn in 2026. Total cash generation 1-year target range of £1.4-1.5bn in 2024 and 3-year target of £4.4bn across 2024-26. Continue to operate within our 140-180% Shareholder Capital Coverage Ratio operating range. Targeting a SII leverage ratio of c.30% by the end of 2026.
UK insurer Phoenix halts SunLife sale on regulatory uncertainty
WEB3 days ago · Shares fell 2.8% in early trade as the SunLife news overshadowed Phoenix's first-half earnings and total cash that surpassed market expectations on pensions and savings business growth. Phoenix reported total cash generation of 950 million pounds ($1.25 billion) in the six months to June 30, surpassing expectations of …
Phoenix pulls SunLife sale as first-half profits rise 15%
WEB3 days ago · 16:40 13/09/24. 0.96%. 5.50p. Pensions, savings and life insurance provider Phoenix reported a 15% increase in adjusted operating profits in the first half and reiterated its medium-term targets ...
UK insurer Phoenix halts SunLife sale on regulatory uncertainty
WEB3 days ago · Shares fell 2.8% in early trade as the SunLife news overshadowed Phoenix’s first-half earnings and total cash that surpassed market expectations on pensions and savings business growth.
Phoenix Group explores potential sale of SunLife business
WEBJun 26, 2024 · Phoenix Group Holdings plc (Phoenix Group) has announced it is considering selling its SunLife Limited (SunLife) business. This decision follows a strategic review. SunLife, which offers...
TOP NEWS: Phoenix Group backs cash generation aim; to keep SunLife
WEB3 days ago · Total cash generation in the half-year amounted to GBP950 million, a rise from GBP898 million a year prior. "We are confident of delivering at the top-end of our GBP1.4-1.5 billion target range in ...
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