View more on these topics

Friends Life shares rocket 6% on possible Aviva deal

Shares in Friends Life have rocketed 6 per cent this morning on the news it is in talks to sell to Aviva in a deal worth around £5bn.

Friends Life shares closed at 348p on Friday but rallied this morning to 375p on the news of a possible deal before slipping back to 368p by 9.40am.

Aviva shares closed at 539p on Friday but took a nosedive this morning falling nearly 5 per cent to 515p at 9.40am.

The deal, announced after the close of markets on Friday night, would create the largest insurance and savings business in the UK with 16 million customers.

In a joint statement on Friday the firms said talks were at an advanced stage and discussed how it would integrate its investment and pension books.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm