Aviva set to post shock £3bn loss - reports

The life and pensions provider has been going through a major business restructure, which has resulted in the loss of 800 jobs and the sale of several of its overseas operations. Full-year results, to be released this week, will show that the sale of its American business has triggered a write-down of £3.2bn, the report said. It added the business disposals were carried out to shore up the company's capital position, which would have protected its dividend. However, it is unclear whether the sell offs have raised enough money to prevent a cut. Analysts at Barclays predicted a 15% cut i...