5 August 2010 – interim results

Aviva has released a solid set of figures for the first half and this has seen the share price jump. We tipped the shares at 294.2p but even though they have had a strong run we believe that they still look undervalued, particularly for income seekers. The interim dividend was raised by 6% to 9.5p per share and is very well covered. The shares remain a BUY.