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Aviva: my FTSE 100 crush brightens up my weekend

By Chris Bailey of Financial Orbit | Saturday 12 September 2020


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I declared my new FTSE 100 corporate crush a month or so ago here and Amanda Blanc, the newish CEO of insurance giant Aviva (AV.), is starting to deliver.  Yesterday’s announcement was that the company has sold its majority shareholding in its Singapore business to a strong sounding consortium for a cool £1.6 billion, which is not too shabby for a middling at best geographic division for a company with a market cap of £11.6 billion. Go that simplification plan! 

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