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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Aviva plc    AV.   GB0002162385

AVIVA PLC

(AV.)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 01/19 11:30:00 am
345.7 GBX   -1.48%
05:30aAVIVA : Our OUTstanding Role Models
PU
01/15AVIVA : Director/PDMR Shareholding
PU
01/13AVIVA : Home-buying plans on hold for 1 in 5 UK adults
PU
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Aviva : UK mortgages hit 13-year high, but consumers wary about borrowing

11/30/2020 | 05:30am EST
A woman feeds birds on the bank of the river Thames with London's financial district seen in the background, amid the coronavirus disease (COVID-19) in London

LONDON (Reuters) - British lenders approved the most mortgages in more than 13 years in October, Bank of England data showed on Monday, suggesting no let-up yet in a post-coronavirus lockdown bounce-back in the country's housing market.

But the figures also underscored a broader wariness about day-to-day borrowing among many consumers - whose spending helps drive the economy - as the country was hit by a second wave of COVID-19 cases.

Mortgage approvals for house purchase hit 97,532, up from 92,091 in September and higher than all forecasts in a Reuters poll of economists.

Britain's housing market has gone into top gear in recent months, propelled by demand for bigger properties from people who were locked down at home in the spring and an emergency tax cut for buyers that is due to expire in March.

The housing recovery looks increasingly at odds with a renewed slowdown in the economy and a rise in unemployment that looks set to peak only next year.

The BoE data showed net consumer lending fell by 590 million pounds ($786 million) on the month, much of it due to repayment of credit card debt.

Lending to consumers was down 5.6% compared with a year ago, the biggest such drop since monthly records began in 1994.

Household savings rose by 12.3 billion pounds, the biggest monthly increase since May.

"A reduction in the use of consumer credit and another increase in savings suggests many are bracing themselves for further economic uncertainty," Alistair McQueen, head of savings and retirement at insurer Aviva, said.

As well as a second wave of coronavirus restrictions, Britain's economy is also facing the risk of a trade shock if London and Brussels fail to strike a post-Brexit trade deal by the end of the year.

($1 = 0.7504 pounds)

(Editing by David Milliken)

By William Schomberg


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AVIVA PLC -1.37% 346.1 Delayed Quote.7.90%
EURO / BRITISH POUND (EUR/GBP) 0.07% 0.88966 Delayed Quote.-0.48%
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More news
Financials
Sales 2020 47 533 M 64 751 M 64 751 M
Net income 2020 1 737 M 2 367 M 2 367 M
Net Debt 2020 5 016 M 6 833 M 6 833 M
P/E ratio 2020 7,77x
Yield 2020 6,29%
Capitalization 13 779 M 18 705 M 18 771 M
EV / Sales 2020 0,40x
EV / Sales 2021 0,38x
Nbr of Employees 31 181
Free-Float 97,1%
Chart AVIVA PLC
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Aviva plc Technical Analysis Chart | AV. | GB0002162385 | MarketScreener
Technical analysis trends AVIVA PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 383,62 GBX
Last Close Price 350,90 GBX
Spread / Highest target 42,5%
Spread / Average Target 9,33%
Spread / Lowest Target -38,3%
EPS Revisions
Managers and Directors
NameTitle
Amanda Blanc Chief Executive Officer & Director
Mark George Culmer Non-Executive Chairman
Nitinbhai Babubhai Maganbhai Amin Chief Operating Officer
Jason Michael Windsor CFO, Executive Director & Chief Investment Officer
Michael Mire Independent Non-Executive Director
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1st jan.Capitalization (M$)
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