Edition:
United Kingdom

Just Group PLC (JUSTJ.L)

JUSTJ.L on London Stock Exchange

79.05GBp
25 Sep 2018
Change (% chg)

-2.35 (-2.89%)
Prev Close
81.40
Open
81.40
Day's High
81.55
Day's Low
78.50
Volume
2,072,884
Avg. Vol
6,494,513
52-wk High
173.00
52-wk Low
69.15

Latest Key Developments (Source: Significant Developments)

Just Evaluates Capital Management Options On Proposed Lifetime Mortgages Rule Changes
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Just Group PLC ::H1 ADJUSTED OPERATING PROFIT(1) UP 85% TO £124M IN H1 2018 COMPARED TO H1 2017.H1 IFRS PROFIT BEFORE TAX WAS £45.7M (H1 2017: £66.0M).H1 NEW BUSINESS PROFIT(1) UP 88% TO £121M COMPARED TO H1 2017.INCREASE IN NEW BUSINESS MARGIN TO 10.2% IN H1, FROM 8.9% IN H1 2017.H1 RETIREMENT INCOME SALES GROWTH OF 64% IN H1 2018 COMPARED TO H1 2017.H1 DEFINED BENEFIT DE-RISKING ("DB") SALES WERE UP 143% AND GUARANTEED INCOME FOR LIFE ("GIFL") SALES WERE UP 9%.SOLVENCY COVERAGE RATIO OF 150%, AND AFTER ALLOWANCE FOR NOTIONAL TMTP RECALCULATION 142% (31 DECEMBER 2017: 139%).JUST - IN LIGHT OF UNCERTAINTY CREATED BY CONSULTATION PAPER 13/18, BOARD HAS DEFERRED ANY INTERIM DIVIDEND DECLARATION UNTIL POSITION IS CLARIFIED.PARTS OF RETIREMENT MARKET THAT WE OPERATE IN ARE EXPERIENCING POSITIVE MOMENTUM AND HAVE GOOD LONG-TERM PROSPECTS- CEO.DB MARKET HAS ACCELERATED THIS YEAR AS DE-RISKING PROCESS HAS BECOME A MAINSTREAM SOLUTION- CEO.SHOPPING AROUND FOR RETIREMENT INCOME HAS BEEN FURTHER ENCOURAGED BY A NUMBER OF FINANCIAL CONDUCT AUTHORITY ("FCA") INITIATIVES-CEO.LIFETIME MORTGAGE MARKET HAS BEEN SUPPORTED BY NEW SUPPLY WHICH IS HELPING TO STIMULATE DEMAND- CEO.IN ACTIVE DIALOGUE WITH PRA OVER MANY ASPECTS OF PROPOSALS CONTAINED WITHIN CONSULTATION PAPER FOR LIFETIME MORTGAGES-CEO.MAKING MATERIAL ALLOWANCES FOR MORTGAGE RISK WITHIN OUR SOLVENCY II BALANCE SHEET- CEO.WE ARE ACTIVELY PLANNING FOR A WIDE RANGE OF OUTCOMES FROM CONSULTATION PROCESS- CEO.  Full Article

Just Group H1 retirement sales up 62 pct
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Just Group PLC ::SAYS RETIREMENT SALES GROWTH FOR THE FIRST-HALF OF 2018 WAS 62 PERCENT COMPARED WITH A YEAR EARLIER, DRIVEN BY EXCEPTIONAL DEFINED BENEFIT DE-RISKING ("DB") SALES..SAYS DB SALES OF 718 MILLION POUNDS WERE UP 143 PERCENT VERSUS THE FIRST HALF OF 2017..SAYS GUARANTEED INCOME FOR LIFE (GIFL) SALES IMPROVED BY 9 PERCENT TO 426 MILLION POUNDS THIS YEAR..SAYS LIFETIME MORTGAGE (LTM) ADVANCES OF 313 MILLION POUNDS WERE UP 36 PERCENT IN H1 2018..SAYS REMAINS COMFORTABLE WITH FULL YEAR EXPECTATIONS..SAYS CONTINUES TO WORK CONSTRUCTIVELY WITH PRA ON LIFETIME MORTGAGES AS PART OF CONSULTATION AND WILL UPDATE MARKET WHEN APPROPRIATE..  Full Article

Just Group says that investor Permira sells its 17.7 pct stake
Friday, 18 May 2018 

May 18 (Reuters) - Just Group PLC ::PERMIRA ( "SELLER") ANNOUNCES THAT IT HAS SOLD AN AGGREGATE OF 166,057,001 ORDINARY SHARES IN JUST GROUP ( "PLACING SHARES") AT A PRICE OF 143 PENCE PER SHARE ( "PLACING").PLACING SHARES REPRESENT APPROXIMATELY 17.70% OF COMPANY'S ISSUED SHARE CAPITAL..FOLLOWING COMPLETION OF PLACING, SELLER WILL NO LONGER HOLD ANY ORDINARY SHARES IN CAPITAL OF COMPANY..  Full Article

Just Group Q1 retirement income sales jump 43 pct
Thursday, 17 May 2018 

May 17 (Reuters) - Just Group PLC ::BUSINESS UPDATE FOR THE QUARTER ENDED 31 MAR 2018.RETIREMENT INCOME SALES FOR Q1 18 WERE 43% HIGHER COMPARED TO Q1 17.Q1 18 DB SALES WERE £249M, UP 99% COMPARED TO Q1 17.GUARANTEED INCOME FOR LIFE ("GIFL") SALES WERE UP 8% TO £188M IN Q1 18.TOTAL RETIREMENT SALES 465 MILLION VERSUS 328.  Full Article

Just Group CEO sees UK 2018 bulk annuity deals well over 20 bln stg
Thursday, 15 Mar 2018 

March 15 (Reuters) - Just Group ::CEO RODNEY COOK SEES UK 2018 BULK ANNUITY DEAL TOTAL AT "WELL OVER 20 BILLION POUNDS".CEO SAYS BULK ANNUITY PIPELINE "STRONGER THAN EVER"; WANTS TO PICK UP PACE OF DEALS.CEO: EXPECTS TO LAUNCH A PLATFORM TO HELP FINANCIAL ADVISORS SERVICE LESS-WEALTHY CUSTOMERS BEFORE YEAR-END.  Full Article

Just Group ‍Placing Shares Represent Approximately 5.3% Of Company's Issued Share Capital.​
Tuesday, 9 Jan 2018 

Just Group Plc ::‍PERMIRA ( "SELLER"), SELLER ANNOUNCES THAT IT HAS SOLD AN AGGREGATE OF 50 MILLION ORDINARY SHARES IN JUST GROUP ( PLACING SHARES") AT A PRICE OF 157 PENCE PER SHARE ( "PLACING"​.‍PLACING SHARES REPRESENT APPROXIMATELY 5.3% OF COMPANY'S ISSUED SHARE CAPITAL.​.  Full Article

Just Group posts 3 pct rise in 9-mth statutory total sales
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Just Group Plc :‍TOTAL RETIREMENT SALES FOR 9M 17 WERE 1% LOWER THAN PRO FORMA 2 NINE MONTH COMPARATIVE.‍STATUTORY BASIS TOTAL SALES ROSE 3% FROM £1,583M IN 9M 16 TO £1,631M IN 9M 17​.‍9M 17 LIFETIME MORTGAGE (LTM) ADVANCES OF £367M AMOUNTED TO 30% OF RETIREMENT INCOME SALES, AS WE CONTINUE TO OPTIMISE MATCHING​.‍GUARANTEED INCOME FOR LIFE (GIFL) 9M 17 SALES WERE BROADLY FLAT​.‍MERGER COST SAVINGS NOW EXCEED £45M REVISED TARGET RUN RATE AND REMAIN A KEY ELEMENT OF DELIVERING A BETTER RETURN ON EQUITY.‍DEFINED BENEFIT DE-RISKING SALES OF £564M IN 9M 17 WERE BROADLY IN LINE WITH PRO FORMA 9M 16​.  Full Article

JRP says Barclays, Deutsche Bank and RBS to arrange investor meets
Thursday, 6 Oct 2016 

JRP Group Plc : Mandated Barclays, Deutsche Bank and RBS to arrange a series of credit investor meetings in UK commencing on Oct. 10 .Subject to market conditions, a benchmark sterling denominated unrated 10 year tier 2 transaction will follow.  Full Article

Just Group says rule changes will make UK annuities more expensive

Proposed rule changes for lifetime mortgages are already raising the price of retirement products for British pensioners and curbing mortgage lending to younger Britons, pensions provider Just Group's chief executive said on Thursday.