Simon English: Analyst puts boot into under-ambitious Aviva
Friday 30 March 2012
Outlook Last year I ran a marathon in two and a half hours. Not really. It would be more like two and a half days.
But if I had and then announced that my intention was to complete the next one in three hours, no one would think I was stretching myself. No one would say I deserved a special pat on the back. I would appear to lack drive.
That's roughly the charge against Aviva in a somewhat stinging note from UBS analyst James Pearce. Since it's a piece of analysts research there's all the usual dreary pointy-headed stuff to wade through first. There's a detailed look at the strategic agenda. He thinks the shares are a buy. Yeah, yeah.
The meaty bit is this: "The group's approach to target setting has become counter-productive, in our view," writes the number cruncher.
"After missing a series of over-ambitious targets, the group has now gone to the opposite extreme and is setting targets that are below last year's actual results."
By performing as African Americans or Indians, white people get to play act a kind of 'imaginary liberation', writes Michael Mark Cohen
New essay by JK Rowling went live on Pottermore site this morning
New UK station Russia Today gives a very bizarre view of Britain
Top Gear presenter is no stranger to foot-in-mouth controversy
- 1 Canadian actor punched in face after 'Islamophobia' experiment goes wrong in wake of Ottawa shooting
- 2 Topshop at centre of row over body image as 'shocking' skinny mannequin photo goes viral
- 3 Top Gear presenter Jeremy Clarkson criticised for beer tweet
- 4 The bubble bursts for Sodastream
- 5 If you think Russell Brand’s new book is confused, you should read what his critics have to say about it
'Nasa Confirms Six Days of Darkness in December': No, they don't - it's a hoax
Top Gear presenter Jeremy Clarkson criticised for beer tweet
The bubble bursts for Sodastream
Russian politician says Apple CEO Tim Cook should be 'banned' from country after coming out as gay
'Santa Claus' dead: John Moore starred in Coca Cola and Morrisons adverts
Pope Francis declares evolution and Big Bang theory are real and God is not 'a magician with a magic wand'
Huge surge in Ukip support after EU funding row, according to new poll
Ukip ‘exploiting grooming scandal’ to secure party’s first police chief
Nigel Farage: 'There’s nothing wrong with white people blacking up'
Maureen Lipman says 'she can't vote Labour while Ed Miliband is leader'
Muslims, immigration and teenage pregnancy: British people are ignorant about almost everything
iJobs Money & Business
£18000 - £23000 per annum + Comission: SThree: SThree, International Recruitme...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...
£20000 - £23250 Per Annum pro rata: Clearwater People Solutions Ltd: Pro rata ...
£40 - 48k + Benefits: Guru Careers: We are seeking a Marketing Manager to join...