Aviva commences £300m share buyback scheme amid 2022 results

AUM decreased by £45bn in 2022

clock • 1 min read

Aviva has rolled out a £300m share buyback programme starting tomorrow (10 March), the firm revealed in its annual results.

In the report, Aviva said that given its "strong capital position and prospects", it was able to initiate the scheme, adding it still preferred to "return surplus capital regularly and sustainably". An LSE notice showed the agreement is being brokered by Citigroup Global Markets and is expected to be completed by 30 June. Other top line results for the firm were positive, as group's CEO Amanda Blanc noted, describing the firm as making "excellent progress". The Big Question: 12 female investors on the outlook for recession in 2023 and how to allocate for it Solvency II operating...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Fidelity to merge Japan Smaller Companies fund with £450m Japan strategy

Fidelity to merge Japan Smaller Companies fund with £450m Japan strategy

‘Uneconomic to operate’

clock 21 February 2024 • 1 min read
Jupiter forced to divest crypto ETP holding on compliance team demands

Jupiter forced to divest crypto ETP holding on compliance team demands

21Shares’ Ripple XRP ETP

clock 16 February 2024 • 1 min read
Meta dividend 'not enough to get traditional income investors excited'

Meta dividend 'not enough to get traditional income investors excited'

Out of 'exciting growth opportunities'

Eve Maddock-Jones
clock 15 February 2024 • 3 min read
Trustpilot