Aviva results offset Pru's bruising

Pru announced its second dividend cut in six months sending Aviva shares down with the rest of the industry. Today, however, Aviva said its outlook for Europe and the UK markets was strong, with improving margins on both its life and general insurance lines. Despite reporting a 5% fall in global new business sales, the company was able to report a rise in operating profit and an increase in its final dividend, taking the full-year dividend to 24.5p per share from 23p. The company adds it is “well prepared” for the new accounting requirements insisting on realistic reporting of asset...