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."
- 3 Make your voice heard: Sign The Independent's petition to welcome refugees
- 4 Refugee crisis: Aylan's life was full of fear - in death, he is part of 'humanity washed ashore'
- 5 German police forced to ask public to stop bringing donations for refugees arriving by train
Senior British politicians tell David Cameron: When dead children are being washed up on beaches – it's time to act
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
If these extraordinarily powerful images of a dead Syrian child washed up on a beach don't change Europe's attitude to refugees, what will?
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
Britain to take more refugees as Cameron bows to pressure after more than 100,000 back our campaign
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
iJobs Money & Business
£20000 - £40000 per annum + OTE + Incentives + Benefits: SThree: Established f...
£20000 - £25000 per annum + OTE 40/45k + INCENTIVES + BENEFITS: SThree: The su...
£14000 - £16000 per annum: Recruitment Genius: This company was established in...
£20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...