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News & Analysis: UPDATE 1 - Activist Cevian Takes 5% Stake in British Insurer Aviva

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News & Analysis: UPDATE 1 - Activist Cevian Takes 5% Stake in British Insurer Aviva

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6/8/2021 IG Trading Platform

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Cryptocurrency 14:30
The United States will target China with a new "strike force" to combat unfair trade practices, the Biden administration said on Tuesday
Shares rolled out findings of a review of U.S. access to critical products, from semiconductors to electric-vehicle batteries.

Commodities CNBC 12:46


@CNBC
Social media, news websites hit by major internet outage
Bonds and Rates Europe's industries have to remain
15:50
Multiple outages hit websites across the globe on Tuesday morning, affecting news websites and social media
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as they go green,
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The euro zone economy contracted by much 20 than
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4.2 0.01% H 34666.3 L 34472.8 Tue 8 Jun 2021 1:4
Knock-Outs showed, with a buildup of inventories and investment offset by reduced consumer spending.
UPDATE 1 – Activist Cevian takes 5% stake in Data is indicative Reuters
@Reuters
12:45

EMA 20 100 British insurer Aviva Tue 8 Jun 3:00 6:00


Travel, real estate stocks take European shares to fresh peaks
9:00
Foreign judges will remain part of
WATCHLISTS 6.84 0.36% H 1903.41 L 1887.76 Mon 7 Jun 2021 22:00 - Tue News & Analysis Signals
HK's 'hard as a rock' judicial system
14:16
12:29
Data is indicative European stocks hit new highs on Tuesday, lifted by travel and real estate shares, but weak German
- Lamindustrial output data and doubts o
reut.rs/352vo8Q
My Watchlist
Mon 7 Jun Tue 8 Jun
United Kingdom 3:00restrictions later
lifting 6:00this month capped gains. https://t.co/XyROQ6twvc
(Adds Aviva statement, background)
Recently Traded News & Analysis Signals
LONDON, June 8 (Reuters) – Activist investor Cevian Capital
said on Tuesday it had built up a
Activist Cevian takes Aviva stake, seeks 5 bln stg capital return
4.95% stake in Aviva and that the British insurer should be able to return 5 billion
pounds
Positions 2
12:29
($7.08
Activistbillion)
investorof Cevian
excess Capital said
capital in on Tuesday it had built up a 4.95% stake in Aviva and that the British insurer should be able to retu
2022.
Orders 0 pounds ($7.08 billion) of excess capital in 2022.
"Aviva has been poorly managed for many years, and its
high-quality core businesses have
History
been held back by high costs
and a series of bad strategic decisions," Christer Gardell,
Alerts
U.S. Republicans vow to oppose Yellen's G7 tax deal, casting doubt on its future
managing partner and co-founder of Cevian said in a statement.
06:16
Several top U.S. Senate Republicans on Monday rejected Treasury Secretary Janet Yellen's G7 deal to impose a global minimum corpor
and allowAviva should
more have atovalue
countries of more
tax big than eight
multinational pounds
firms, per
share
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within
questions
Gas (A$1)
three
about theyears, and more
U.S. ability to implementBloomberg
a broader global agreement.
12:45
News & Analysis than double its dividend to
45 pence, Cevian said. @business
Natural Ga Deal Order Alert Info Hearing loss, severe gastric upsets
Signals "America isshares
back":
Aviva's areBrussels
currently upbeat on eve
trading a little overof Biden's Europe
four
pounds a share. trip and blood clots leading to
Econ Calendar
3131

2.5 will signal 3134


gangrene have been linked to the
11:03
U.S. President Joe Biden's trip to Europe this15 week
Mins that multilateralism has survived the Trump years, and set the stage for tra
Aviva said last month it had raised 7.5 billion pounds from
recent disposals and planned to so-called Delta var…
cooperation on
Mini Spot Silver (500oz)challenges from China and Russia to climate change, the chairman of EU summits said.
twitter.com/i/web/status/1…
return money to shareholders,
without putting a figure on it. ...
Settings Mini Spot Silve Deal Order Alert Info
Analysts have said the insurer would have between 3.7 and
6.6 billion pounds of excess
BAT hikes sales growth outlook amid shift to e-cigarettes
Size capital following the
27.732
completion of
the asset sales.
27.752

15 12:10

Mins British American Tobacco on Tuesday raised its annual revenue growth forecast to more than 5% at DailyFX
constantTeam Live as the12:45
currency cigarette
focus on newer @DailyFXTeam
"Aviva hasproducts like e-cigarettes
made significant and
strategic tobacco-heating
progress devices pays
over the past
eleven off. and we remain
months
Forex Update: As of 07:00, these
sharply focused on further improving
our performance," an Aviva spokesperson said in an
are your best and worst
emailed
statement. performers based on the London
Virginia Democrats compete in primary for closely watched governor's race
trading schedule:
🇨🇦CAD: -0…
15:30
"We
Former Virginia Governor Terry McAuliffe leads a slate of Democratic candidates vying on Tuesday for the party's gubernatorial nomina
regularly engage with investors and welcome any thoughts
which move us towards our twitter.com/i/web/status/1…
race that could
goal offer signs
of delivering of where
long voters standvalue".
($1
term
shareholder after a divisive 2020
= 0.7063 presidential election.
pounds)

(Reporting by Carolyn Cohn


Editing by Rachel Armstrong)
ANALYSIS-Peru markets and miners 44
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207Castillo, see silver lining in split vote
513 4391;) Bloomberg 12:44
15:30
Peru's market and mining watchers are wary of a presidential election victory for socialist Pedro Castillo, @business
who was building a narrow lea
Trading activity in Huarong’s
Monday, but see a potential silver lining: a sharplyEMA
Copyright split20
2021 vote 100
Thomsoncould Reuters.
Click
hinder his plansforfor dramatic reforms.
restrictions.

36.00 1.16% H 3133.50 L 3040.50 Mon 7 Jun 2021 17:15 onshore bonds has shrunk as
EMA 20 100 Data is indicative
investors fail to agree on a price for
0.145 Netanyahu
0.53% H 27.980faces
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L 27.540 of7 rule in20:15
Jun 2021 parliamentary
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Data is indicative
13:31
Israel's legislature will vote on Sunday on approving News & a new government, the speaker
Analysis Signals of parliament said on Tuesday, a move that will uns
Mon 7 Jun Tue 8 Jun 3:00 6:00
Minister Benjamin Netanyahu, the country's longest-serving leader.
News & Analysis Signals
Bloomberg 12:43
@business
Wall Street donors are continuing
to pump money into former
Citigroup executive Raymond
McGuire’s long-shot bid to…
twitter.com/i/web/status/1…

CNBC 12:43
@CNBC
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