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...Simões, who joined the business from Santander, replaced Sir Nigel Wilson, L&G’s chief of more than a decade....
...L&G declined to comment....
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...L&G said that it had written £13.4bn of pension transfer business globally so far this year....
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...L&G’s retail business was also “bolstered” by rising individual annuity sales....
...Shepherdson argues that declining S&L tax revenue augurs poorly for future S&L spending, as this chart shows: It’s a reminder to investors that markets are sensitive to changes, not levels....
...“We are expecting a similar number of large transactions to close in the second half of the year,” L&G said....
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...In an updated prospectus, Birkenstock said that it would sell stock at between $44 and $49 per share, which would raise up to $1.6bn for the company and its private equity owner L Catterton....
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...L&G’s shares fell more than 2 per cent following the news, against a broadly flat FTSE 100 index....
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...The top five contributors to the fund’s performance last year were Meta Platforms, Microsoft, Novo Nordisk, L’Oréal and IDEXX Laboratories....
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...Like bigger peers such as L&G, Just has a record pipeline of such deals in what is expected to be a record year for the market....
...The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer....
...After all, as Anne L Murphy writes, these are qualities earned over centuries....
...“Encore de l’audace, toujours de l’audace!” as the French revolutionary Danton put it....
...Tier lll includes schools from BI Norwegian Business School, ranked 39th, to the University of Glasgow: Adam Smith, ranked 77th....
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...L&G’s latest Rebuilding Britain Index has found that attempts to “level up” UK regions are failing or stalling and that, in many cases, inequalities have widened....
...The L&G chief described the UK as a “low-productivity, low-growth, low-wage economy fraught by political infighting and that has to change.”...
...David Hollingworth, associate director at L&C, said borrowers on tracker deals are likely to be reviewing their positions....
...L&G, in a report last week, estimated its profits had been trimmed by £10mn after clients sold out of certain other funds to meet collateral calls....
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