- Cash generation nears £800mn
- Dividend guidance confirmed through to 2023
Aviva (AV.) seems to be going to great lengths to placate its shareholders, particularly its Sweden-based activist Cevian, by promising a new round of share buybacks after completing a £4.75bn giveaway in the aftermath of a long series of disposals under chief executive Amanda Blanc’s leadership. In contrast to the last share buyback being funded by the fire sale of most of its non-UK assets, the next round – the exact amount of which will be clarified at the full-year results – will be funded by Aviva’s own organic cash generation.