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 Takeaway.com, 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.
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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.