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."
- 1 I'm A Celebrity 2014: Jungle security stepped up after murder and 'suspicious death' near to camp
- 3 Jeremy Hunt: 'I took my children to A&E because I didn't want to wait for GP appointment'
- 4 Girl, 7, gets Tesco to remove 'stupid' sign suggesting superheroes are 'for boys'
- 5 This letter from a reader explains why women can’t play football
Sarah Vine criticises lesbian mother Jack Monroe: 'If she was unsure about her sexuality, she should have taken greater precautions'
Black Friday 2014: Opening times for Asda, John Lewis, PC World, GAME and Argos
Three-year-old boy accidentally shoots dead his mother in Tulsa, Oklahoma, as she changes her younger daughter's nappy
Michael Brown shooting: Driver smashes into crowd as protests erupt across the US during a second night of unrest
Jeremy Hunt: 'I took my children to A&E because I didn't want to wait for GP appointment'
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Ukip says babies born to immigrants in the UK should be classed as migrants – which would include Nigel Farage’s own children
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Exclusive: UK approved £7m Israeli arms sales in six months before Gaza conflict
iJobs Money & Business
£16000 - £18000 per annum: Langley James : IT Support; Helpdesk, VMware; Manch...
£35000 - £450000 per annum + £3k car, £70k ote: h2 Recruit Ltd: Do you want to...
£Attractive Package: Citifocus Ltd: Prestigious financial institution seeks to...
£Negotiable: Citifocus Ltd: Experienced operational risk professional with ban...