UK Borrowing Costs Soar as Oil Hits $100: Banks and REITs Diverge
A global bond rout triggered by oil at $100 a barrel pushed UK borrowing costs sharply higher, a gilt-yield move that hits banks, insurers and REITs differently.
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Get live United Kingdom data with ProOver the last 90 days, Life Insurance shows 21 positive, 2 neutral and 2 negative news signals across its constituents. The auto-generated sector insight (top drivers with direction + rationale) appears here once the analysis worker has processed enough items.
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How news sentiment on the Life Insurance sector has built up over time. Each bar sums the direction of every story TradeTidings published in the period, weighted by how influential we rated it, not just a plain count, so a single high-influence negative story can outweigh several small positive ones. Hover a bar for its exact figures, or click one to filter the stories below to that period. Our own original analysis, not a copied index or a price chart, and not a prediction.
The most recent stories affecting Life Insurance, across all of our coverage.
A global bond rout triggered by oil at $100 a barrel pushed UK borrowing costs sharply higher, a gilt-yield move that hits banks, insurers and REITs differently.
Legal & General's Affordable Homes division reported a £24m loss on property revaluations even as turnover rose 34%. The loss sits inside one part of L&G's real asset strategy, not the wider group.
Legal & General's affordable homes business reported a 22 million pound loss, highlighting the costs of building out its build-to-rent and affordable housing arm.
Phoenix Group's Standard Life business drew strong demand for a new RT1 bond tied to an M&A deal, a sign that credit investors see its capital position as solid.
Aviva is moving to full ownership of its Indian insurance joint venture after India relaxed its foreign direct investment rules for insurers, giving the group direct control of a fast-growing market.
Aviva has teamed up with insurer AXIS to launch a renewable energy consortium at Lloyd's, expanding its specialty insurance offering for green energy projects.
Aviva has partnered with financial technology firm Ortec Finance to help more customers access retirement and investment guidance, part of a push to reach savers who currently go without professional financial advice.
Aviva has agreed to buy the remaining 26% of its India life insurance joint venture, giving it full ownership of the fast growing business.
Bank of England chief economist Huw Pill has said interest rates may need to rise this year to keep inflation in check, a comment that cuts both ways for bank, insurer, homebuilder and REIT shares.
Aviva is adding Ortec Finance's cash-flow and scenario-planning software to its financial planning platform, a modest upgrade to its wealth and retirement business.
Aviva is working with specialty insurer AXIS on a new consortium project at Lloyd's of London, adding capacity in the specialty commercial insurance market.
Aviva and Axis Capital have launched a new 200 million pound Lloyd's consortium insuring UK onshore wind, solar and battery storage projects.
UK gilt yields jumped as the Iran ceasefire broke down and oil driven inflation fears returned, a mixed signal for rate sensitive banks, insurers, REITs and housebuilders.
Aviva has finished its £350 million share buyback, trimming its share count and modestly supporting earnings and dividends per share.
Aviva is putting capital into a $142m Australian forestry investment with CEFC and Gresham House, a small but steady addition to its long term investment book.
Legal & General has published indicative results of a tender offer to buy back several subordinated bonds, a routine liability management move to manage its capital stack.
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