The Financial Conduct Authority has closed a long-running investigation into Scottish Widows without taking action against the Lloyds Banking Group-owned insurer.
Standard Life Aberdeen said it expected to generate at least £100m of extra savings after merging with Aberdeen Asset Management and selling its life insurance business to Phoenix Group.
Phoenix Group said on Wednesday that it has launched a £950m capital raising to help fund its acquisition of Standard Life Aberdeen's insurance arm.
Standard Life Aberdeen and Phoenix said they were making progress with the proposed sale of Standard Life's insurance business to Phoenix.
Capita: Shore Capital Markets upgrades to hold.
Standard Life Aberdeen on Friday said it was selling its insurance arm to Phoenix for £3.2bn.
Phoenix Group trounced some analysts' forecasts for cash generation at the half-year stage with the company adding that the benefits of some of its recent acquisitions were flowing in more quickly than expected.
Stocks in London passed through a relatively quiet Thursday, with numerous ex-dividend equities, a stronger sterling and Brexit worries combining to dampen progress heading into the end of the first quarter.
Closed life fund consolidator Phoenix Group hoisted its dividend 5% as it said November and December's two acquisitions would likely support a similar increase for the forthcoming interim payout.
Specialist closed life fund consolidator Phoenix Group announced what its board described as a "strong set of results" for the year to 31 December on Monday, with £486m of cash generation, up from £225m, meeting the group's 2016 cash generation target.
Phoenix Group non-executive director Wendy Mayall bought into the company's shares roughly a month after the life insurance fund consolidator said it hit its 2016 target for cash regeneration of £486.0m.
BT: Barclays reiterates overweight with a target price of 475p.
Insurance company Phoenix Group has completed the acquisitions of the Abbey life assurance, life and securities businesses from Deutsche Bank.
Phoenix Group has agreed to buy Abbey Life from Deutsche Bank subsidiary Deutsche Holdings for £935m in cash.
Phoenix Group has confirmed it is evaluating the possibility of acquiring Abbey Life Assurance from Deutsche Bank following reports on Thursday by Bloomberg and Reuters suggesting the two were nearing a deal over the bank's UK insurance business.
The FTSE 250 was pretty much flat late into Thursday's session, with security software group Sohpos leading the way thanks to read-across from elsewhere
Phoenix Group Holdings saw its profitability slide during the first half of the year, even as it closed the acquisition of rival Axa's pensions and protections business, but stuck to its cash generation target for the year.
FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers.
Phoenix Group Holdings has agreed with AXA UK to buy AXA Wealth's pensions and protection businesses, which is the wealth management arm of the French insurer.
Phoenix Group revealed it remains on track to meet 2016 cash generation targets of between £350m and £450m on Thursday, ahead of a presentation for investors and analysts focusing on Solvency II, management actions and future financial reporting.