Good morning and welcome to your Morning Briefing for Tuesday 23 February, 2021. To get this in your inbox every morning click here. Bye-Bye To A Big Brand In the life company space, brands don't come much bigger than Standard Life. A few weeks ago, rumours circulated that the two-century-old name could be sold to
Standard Life Aberdeen has sold the Standard Life brand to Phoenix for an undisclosed sum. News emerged earlier this month that the history of the two-century old brand could be coming to an end as the Standard Life Aberdeen group looked to offload the moniker. The firms have agreed that Phoenix will purchase the
Top UK Stocks to Watch: IHG experiences ‘most challenging year’ ever
Joshua Warner February 23, 2021 8:59 AM
InterContinental Hotels Group suffers during lockdown but is optimistic about the future, HSBC restarts dividends despite profits plunging during the pandemic, Aviva sells its French business, and Frasers Group writes down the value of its properties. Share:
Top News: IHG shares jump on hopes of strong recovery
InterContinental Hotels Group said revenue plunged and swung to a loss during the ‘most challenging year’ ever in 2020 because of the pandemic, limiting travel and appetite for hotel rooms, but said it was optimistic about its recovery prospects.
Phoenix buys Standard Life brand
Developments on 2018 deal
Phoenix has bought the Standard Life brand from Standard Life Aberdeen as part of another wide-ranging deal between the two financial giants.
This latest move is an acceleration of the strategic partnership the firms entered into after the £3.3bn deal Phoenix made for Standard Life Assurance in 2018. That deal saw around 3,500 employees move.
Sign In
To read this story please register
PA is dedicated to championing professional advisers. It helps you build your business, service clients and generate sustainable income.
PA offers:
MULTI-ASSET: discover the latest trends in multi-asset
FUTURE OF ADVICE: helping you shape your strategy with the latest expert opinion and case studies