Phoenix Group exceeded City expectations, with strong cash generation and new business, pushing shares up 8%.

From Morningstar.:

Phoenix Group shares surged 8.5% to 533.4p as annual results surpassed City expectations, with total cash generation at £2.02 billion, up from £1.50 billion. New business long-term generation hit £1.51 billion, achieving its 2025 target early. The group plans to grow operating cash generation by 25% to £1.4 billion in 2026.



Read more at Morningstar.: Phoenix Shares Soar 8% in Post-Results Rally