BUSINESS LIVE: Aviva returns £4.8bn to shareholders; Just Eat posts a loss

BUSINESS LIVE: Aviva returns £4.8bn to shareholders despite falling profits; Just Eat posts £292m loss; UK house prices jump 1.7%

British insurer Aviva will return £4.75 billion to shareholders, it announced on Wednesday, despite a 10% drop in operating profit for 2021.

Separately, the insurer announced the £385 million acquisition of Birmingham-based financial advisory firm Succession Wealth, which Aviva says is “significantly boosting” its presence in the UK wealth market.

Europe’s largest meal delivery company, Just Eat, posted lower-than-expected 2021 annual losses of 350 million euros for 2021, as revenue rose 34% to 5, 3 billion euros.

Analysts forecast a loss of 366 million euros for 2021, compared to a profit of 363 million euros the previous year.

UK house prices jumped 1.7%, marking the biggest month-on-month rise for six months, according to mortgage lender Nationwide.

Home prices were 12.6% higher than their level a year ago, the highest value since June.

> If you use our app or a third-party site, click here to read Business Live

Aviva has raised £7.5bn from the sale of eight businesses across the world since Amanda Blanc’s appointment as chief executive in July 2020.

Comments are closed.