🚀 ProPicks AI Hits +34.9% Return!Read Now

Aviva shares shift higher as it completes share buyback

Published 01/07/2024, 10:27
© Reuters.  Aviva shares shift higher as it completes share buyback
UK100
-
AV
-

Proactive Investors - Aviva PLC (LON:AV) shares lifted close to 1% after it announced it completed its £300 million buyback programme.

Launched back in March, the insurance firm has now acquired some 62 million shares back from stakeholders at an average price of 478p per share.

At Friday's close, Aviva had more than 2.68 billion shares admitted to trading on the market, 3.3 million of which are scheduled to be cancelled as part of the programme.

Following the cancellation, the FTSE 100 group will have 2.67 billion shares available to buy and sell.

Back in May, Aviva reported a strong start to 2024, keeping its full-year outlook unchanged.

General insurance premiums increased 16% to £2.7 billion and workplace pensions business generated net flows of £2 billion as 136 new schemes were won.

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.