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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 485.2 GBX | -1.38% |
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+1.93% | -9.34% |
| Apr. 22 | Berenberg Trims Phoenix Group PT, Maintains Buy Rating | MT |
| Apr. 22 | Phoenix Group Hires BHM Capital as Liquidity Provider on Abu Dhabi Bourse | MT |
LONDON (Reuters) - Standard Life Aberdeen on Wednesday said it expected to save an extra 100 million pounds a year in 'efficiency savings' by 2020 after it completes the sale of its insurance business to Phoenix Group.
The company, which on Tuesday said it planned to return as much as 1.75 billion pounds to investors, said the savings would come as a result of its revised operating model and were in addition to cost synergies of 250 million pounds a year.
(Reporting by Simon Jessop; editing by Emma Rumney)
| 1st Jan change | Capi. | |
|---|---|---|
| -9.34% | 6.11B | |
| +16.14% | 82.2B | |
| +9.97% | 52.22B | |
| +9.84% | 42.44B | |
| +8.73% | 40.27B | |
| +20.54% | 38.35B | |
| +3.11% | 30.18B | |
| -7.82% | 27.48B | |
| -17.13% | 25.31B | |
| +7.65% | 21.95B |
PHOENIX GROUP HOLDINGS PLC 
