The latest ups and downs on the stock market
Aviva’s top man Andrew Moss says Asia is the next frontier for the business, at least in the long term. Unfortunately, the traders are not taking much notice – they are in it for the here and now.
Aviva’s stock slid from 386p to 369p. Not a huge drop, but enough to show that Moss’s message wasn’t that juicy. In the background, Aviva has closed its final salary pension scheme, despite staff grumblings. The move shows shareholders that the company is watching the bottom line, which can’t be a bad thing.
Market indices Movers Price 7-day Currency
FTSE 100 5728.47 Aviva 369.0 -4.4% Dollar 1.54
FTSE 250 10644.76 Catlin 360.2 -2.15% Euro 1.16
FTSE All-share 2949.59 Jelf 48.9 +2.13% Yen 145.5