Aviva "delivering on promise" to strengthen cost base
Aviva should be viewed as a "strong restructuring story" given most of the "heavy lifting" to improve its cost base has been completed through the disposal of underperforming business units, according to equity analysts Panmure Gordon.
Following recent sales of "non-core" cells, including its US business for £1.1bn cash and remaining 19.4% stake in Delta Lloyd for £353m, Aviva has now disposed of up to 95% of the total £6bn IFRS
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