Insurer Aviva sets new targets

Car insurer and pensions giant Aviva said 2011 profits were up 6% to £2.1bn today after it boosted its share of the UK market.

Shares were up 2% after the results, although Investec Securities analyst Kevin Ryan expressed disappointment at the size of the 26p a share dividend, which at 2% grew by less than the City's 5% forecast.