Hints and tips:
...David Page, head of macro research at AXA IM: Perceptions of UK living standards are likely to be mixed....
...Atkinson, who manages the Axa fund....
...Like their peers, they are convinced that the days of branch-based lending are drawing to a close....
...Jeff Knight, head of Global Solutions at Columbia Threadneedle, says: “From what we can discern from Trump’s campaign, corporate sector friendliness is a priority....
...BNP Paribas recently launched a trial with Biobeats, a digital health business, and insurers Axa, that uses wearable technology to study stress....
...UK insurer Aviva says 80 per cent of the new investments it is making to back its annuity business will be in long-duration assets rather than traditional gilts or corporate bonds....
...Undermining it is not a solution to the corporation tax problem....
...Homebase employs more than 17,000 people in just over 300 stores in the UK. Mr Walden was keen to calm fears about job losses, saying: “We work very hard to find roles for people inside the group.”...
...● Henriette Bergh is moving to Schroders as head of Europe product and manager solutions (ex the UK) from Morgan Stanley where she served as head of sales, private wealth management for Emea....
...The number that matters most is the value to Pfizer of switching its tax base to the UK, including write-offs of $20bn in US accruals, and the lower cost of future corporate tax charges....
...Part of the motivation for asset managers to branch out into direct lending is to boost yields for their investors....
...(The Shoreditch version is a bit more corporate.)...
...When it was reeling from its UK adventure, NAB itself made an unrequited bid for AMP. All that is ancient history....
...France has banned short-selling in BNP Paribas, Société Générale, Crédit Agricole, Natixis, Axa, April Group, CIC, CNP Assurances, Euler Hermes, Paris Re and Scor....
...For Santander’s branch network, customer loans fell 6.8 per cent in the year to June....
...The life assurance sector, which includes names such as Zurich, Axa and Friends Provident, has been a big strength in recent years and is ahead of the game in terms of expanding into emerging markets....
...It’s true the underwriting fee for the group’s £2.06bn capital raising to buy UK businesses from Axa is lower than average at 2.72 per cent....
...The move, which marks the first significant co-operative effort to set up standardised products, comes as UK corporate and public pension schemes become more focused on longevity, the risk that they will...
...The Association of Corporate Treasurers in the UK has warned that the rules will hurt companies’ ability to borrow and could harm the economy....
...● Investment Solutions has hired Sonya Monteleone as an investment analyst. Ms Monteleone’s most recent job was at Axa Investment Managers....
...Further, a lot of bad news is already reflected in share prices – in the past year the UK life assurance sector has halved in value....
...“Most of the rotation was from equities into corporate bonds,” says Ned Cazalet, an independent life assurance analyst....
...“It is a retail business, and branch distribution is in our DNA,” says Mr Izquierdo. In the UK, he will rely on Abbey’s 500 investment advisers to sell his products....
...Richard Sexton, head of assurance at PwC in the UK, says the writedowns, and their prominent position in the accounts have forced the financial industry to deal with its problems far more quickly....
...“These sorts of hubs will still need risk management and assurance advice,” he says....
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