UK's Phoenix Group dip on mixed earnings, brokerage flags weakness

Standard Life

08/09/2025 08:59

** Shares of insurer Phoenix Group PHNX.L down 4.5% at 640p on H1 results

** Top pct loser on FTSE 100 index .FTSE, which is up 0.07%

** Posts 156 mln pounds ($210.83 mln ) loss after tax, adj shareholders' equity of 3.4 bln pounds, both below JPMorgan forecasts

** However, adjusted operating profit of 451 pounds mln beats JPMorgan's 445 mln pounds estimate, up from 360 mln pounds year ago

** JPMorgan says weak loss after tax, equity metrics "could take shine off strong operating performance"

** Co keeps FY outlook unchanged

** Including session's moves, stock down 3.7% YTD

($1 = 0.7397 pounds)

 (Reporting by Simone Lobo)

 ((Simone.Lobo@thomsonreuters.com, +919920570373))