Phoenix Group Holdings (GB:PHNX) has released an update.
Phoenix Group Holdings PLC reports a robust first half of 2024 with a 19% increase in Operating Cash Generation and strong growth in capital-light Pensions and Savings leading to a 15% rise in operating profit. The company has declared an interim dividend increase of 2.5% and remains confident in meeting its financial targets, including a progressive and sustainable dividend policy. Despite the market’s uncertainties, the group has chosen to discontinue the sale of SunLife, focusing instead on internal value enhancement.
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