Ayvens tracks best day in 15-mths on plans for returns to shareholders
RefinitivLess than 1 min read
** Shares in Ayvens AYV rise 10.9%, boosted by pre-tax profit beat, a EUR 700 mln share buyback and an exceptional 0.42 euro cash dividend    
** Jefferies says that solid capital return with buyback and exceptional dividend is "likely ahead of expectations"
** J.P. Morgan flags pre-tax profit was supported by higher revenues and lower costs and provisions
** JPM adds that it would expect mid-single-digit EPS upgrades to consensus, driven by the strong margin performance and good cost control
** The shares, which sit among top performers on pan-European STOXX 600 index SXXP, are on track for the best day in about 15 months if gains hold
** Up to the previous session's close, they were up 53.7% YTD
($1 = 0.8575 euros)
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