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United Kingdom

Standard Life Aberdeen PLC (SLA.L)

SLA.L on London Stock Exchange

246.15GBp
14 Dec 2018
Change (% chg)

2.15 (+0.88%)
Prev Close
244.00
Open
241.00
Day's High
246.15
Day's Low
239.05
Volume
9,832,658
Avg. Vol
8,857,781
52-wk High
508.64
52-wk Low
219.10

Latest Key Developments (Source: Significant Developments)

Phoenix Group Says Court Sanctions Proposals To Introduce New Holding Company
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Phoenix Group Holdings ::COURT SANCTION OF SCHEME OF ARRANGEMENT.COURT MADE ORDER SANCTIONING SCHEME, CONFIRMING RELATED CANCELLATION OF ALL OF EXISTING OLD PHOENIX SHARES BY WAY OF A REDUCTION OF CAPITAL.REFERS TO PROPOSALS TO INTRODUCE NEW CO INCORPORATED IN ENGLAND & WALES, AS NEW HOLDING CO OF PHOENIX GROUP BY MEANS OF SCHEME OF ARRANGEMENT.  Full Article

Phoenix CEO Sees Opportunity In UK To Grow Through Acquisitions
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Phoenix Group Holdings ::PHOENIX CEO SAYS BELIEVES MORE TRADITIONAL INSURANCE COS WILL SPLIT, PROVIDING CO WITH OPPORTUNITY TO GROW THROUGH ACQUISITIONS, PARTICULARLY IN UK.  Full Article

Phoenix Group Says 2018 Cash Generation Target Exceeds Upper End Of Target
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Phoenix Group Holdings ::PHOENIX GROUP HOLDINGS - £664 MILLION OF CASH GENERATION IN 2018 (2017: £653 MILLION).PHOENIX - DELIVERED £1.3 BILLION CASH GENERATION IN 2017 AND 2018, EXCEEDING UPPER END OF CASH GENERATION TARGET OF £1.0 BILLION - £1.2 BILLION FOR THIS PERIOD.PHOENIX GROUP HOLDINGS - SOLVENCY II SURPLUS OF £3.1 BILLION AS AT 30 SEPTEMBER 2018 (£2.5 BILLION PRO-FORMA AS AT 31 DECEMBER 2017).PHOENIX GROUP HOLDINGS - TWO FURTHER BULK PURCHASE ANNUITY TRANSACTIONS COMPLETED DURING SECOND HALF.PHOENIX - DELIVERED £400 MILLION OF CAPITAL SYNERGIES ON STANDARD LIFE ASSURANCE LIMITED DEAL AGAINST A TOTAL £440 MILLION CAPITAL SYNERGY TARGET.  Full Article

Standard Life Aberdeen Aggregate Raises Stake To 13.61 Pct In Indivior
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - Indivior PLC ::AGGREGATE OF STANDARD LIFE ABERDEEN RAISES STAKE TO 13.61 PERCENT FROM 12.1 PERCENT IN INDIVIOR PLC - FILING.  Full Article

Standard Life Aberdeen To Begin Second Tranche Of Share Buyback
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - Standard Life Aberdeen PLC ::WILL COMMENCE A FURTHER TRANCHE OF £200M OF SHARE REPURCHASE PROGRAMME OF ORDINARY SHARES.  Full Article

Phoenix Group Introduces New Holding Company
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Phoenix Group Holdings ::INTRODUCTION OF A NEW HOLDING COMPANY.PROPOSED SCHEME OF ARRANGEMENT RELATING TO CORPORATE RESTRUCTURING OF OLD PHOENIX.IF SCHEME IS IMPLEMENTED PHOENIX GROUP HOLDINGS PLC , A NEW CO INCORPORATED IN ENGLAND & WALES, WILL BECOME HOLDING CO OF OLD PHOENIX.IF APPROVED, SCHEME AND OLD PHOENIX REDUCTION OF CAPITAL ARE EXPECTED TO BECOME EFFECTIVE ON OR AROUND 12 DECEMBER.APPLICATIONS WILL BE MADE TO UK LISTING AUTHORITY FOR SHARES OF NEW PHOENIX TO BE ADMITTED TO TRADING ON MAIN MARKET FOR LSE.ALL OF DIRECTORS OF OLD PHOENIX HAVE BEEN APPOINTED TO BOARD OF NEW PHOENIX.  Full Article

Standard Life Aberdeen Says Douglas Flint To Succeed Gerry Grimstone As Chairman
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Standard Life Aberdeen PLC ::STANDARD LIFE ABERDN - DIRECTORATE CHANGE.STANDARD LIFE ABERDEEN PLC - DOUGLAS FLINT WILL BE APPOINTED AS A NON-EXECUTIVE DIRECTOR AND CHAIRMAN DESIGNATE OF COMPANY ON 1 NOVEMBER 2018.STANDARD LIFE ABERDEEN PLC - INTENDS THAT SIR DOUGLAS WILL SUCCEED SIR GERRY GRIMSTONE AS CHAIRMAN ON 1 JANUARY 2019.  Full Article

Standard Life Aberdn Announces Tender Offer
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Standard Life Aberdeen PLC ::STANDARD LIFE ABERDN - TENDER OFFER AND SOLICITATION MEMORANDUM.STANDARD LIFE ABERDEEN PLC - LAUNCHED SEPARATE INVITATIONS TO HOLDERS OF OUTSTANDING 6.75 % FIXED RATE PERPETUAL RESET SUBORDINATED GUARANTEED BONDS.STANDARD LIFE ABERDEEN - LAUNCHED INVITATIONS TO HOLDERS OF OUTSTANDING 6.546 % MUTUAL ASSURANCE CAPITAL SECURITIES TO TENDER THEIR SECURITIES.  Full Article

Standard Life Aberdeen Completes Sale Of Standard Life Assurance Ltd To Phoenix Group Holdings
Friday, 31 Aug 2018 

Aug 31 (Reuters) - Standard Life Aberdeen::COMPLETION OF SALE.ANNOUNCES COMPLETION OF SALE OF STANDARD LIFE ASSURANCE LIMITED TO PHOENIX GROUP HOLDINGS.CONFIRMS ITS INTENTION, SUBJECT TO OBTAINING RELEVANT REGULATORY PERMISSIONS, TO RETURN UP TO £1.75 BILLION IN AGGREGATE TO SHAREHOLDERS.SHARE BUYBACK OF £175M HAS ALREADY COMMENCED AND £1.0 BILLION IS INTENDED TO BE RETURNED TO SHAREHOLDERS BY WAY OF A B SHARE SCHEME.  Full Article

Phoenix Group To Top Cash Generation Target for 2017, 2018
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Phoenix Group Holdings ::SAYS GROUP OPERATING PROFIT OF £216 MILLION IN H1 2018.SOLVENCY II SURPLUS OF £2.3 BILLION(3) AS AT 30 JUNE 2018 (£1.8 BILLION AS AT 31 DECEMBER 2017).SHAREHOLDER CAPITAL COVERAGE RATIO OF 180% AS AT 30 JUNE 2018(4) (164% AS AT 31 DECEMBER 2017).SAYS INTERIM DIVIDEND OF 22.6P PER SHARE, CONSISTENT WITH FINAL 2017 DIVIDEND REBASED FOR JULY RIGHTS ISSUE.PHOENIX TO INTRODUCE FEE CAPS ON UNITISED NON-WORKPLACE PENSIONS FOR A ONE OFF EXPECTED COST OF £68 MILLION.GROUP EXPECTS TO EXCEED UPPER END OF ITS CASH GENERATION TARGET OF £1.0 BILLION - £1.2 BILLION BETWEEN 2017 AND 2018.£349 MILLION OF CASH GENERATION(2) IN H1 2018 (H1 2017: £360 MILLION).AXA, ABBEY LIFE INTEGRATIONS COMPLETED AHEAD OF PLAN, TARGETS; DELIVERING COST SYNERGY BENEFITS OF £27 MILLION PER ANNUM.INCREASE 2018 FINAL DIVIDEND TO AN ANNUALISED LEVEL OF £338 MILLION.COMPLETED ITS FIRST BULK ANNUITY TRANSACTION WITH A £470 MILLION BOOK ACQUIRED IN FIRST HALF OF YEAR AND ALL LONGEVITY RISK WAS REINSURED.CO WILL NO LONGER DESCRIBE ITSELF A PURELY A 'CLOSED' BUSINESS, BUT AS CONSOLIDATOR OF OPEN AND HERITAGE LIFE BUSINESSES.CONTINGENCY PLANS CONTINUE TO BE PROGRESSED TO ENABLE EU POLICYHOLDERS TO BE SERVICED IN EVENT OF A 'HARD BREXIT'.EXPLORING RANGE OF OPTIONS TO ENSURE CO CAN SERVICE IRISH POLICYHOLDERS AS PART OF BREXIT CONTINGENCY PLANNING.  Full Article

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Brexit-sensitive British stocks wilt as worries return after PM vote

LONDON Britain's Brexit-sensitive domestic stocks fell on Thursday as investors decided Prime Minister Theresa May's victory in a leadership challenge clarified little in the country's protracted divorce from the European Union.