Aviva shares could rally on Moss resignation

Andrew Moss’ resignation will be welcomed by shareholders following a series of “unfortunate” events, according to investment bank, Panmure Gordon.

The bank predicted that shares would bounce on the news that the unpopular Mr Moss had departed and that interim executive deputy chairman and incoming executive chairman, John McFarlane, would “conduct a listening exercise with shareholders along with a review of the business”.

It was also suggested that the shares would rally further if former RSA CEO, Andy Haste’s name became associated with the vacancy.

Barrie Corns, analyst at Panmure Gordon, commented: “Given the recent headlines it should