Hints and tips:
...the mutual in 2022....
...The deal would also be a rare acquisition of a listed company by a mutual, which is owned by its more than 16mn members who have a current account, mortgage or savings with the company....
...Fossil fuel companies might come to COPs to talk about prolonging their industry, he said. “But we invented COPs to save the planet,” he added, “not save a few businesses.” pilita.clark@ft.com...
...Pilita Clark shares some recent examples of mis-sends. FT film 🎬: Gautam Adani saw more than $100bn wiped from his listed companies’ valuation after a short seller took aim at his empire....
...Lex points out that Lazard’s mix of volatile or out-of-favour businesses is not a great fit for the mutual funds that dominate public stock markets....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...health insurance provider....
...“Migrant workers are much less likely to have formal labour contracts that allow them to pay into social insurance schemes that protect them if unemployed,” she says....
...In 2008, the firm also financed a $1.35bn rescue of Washington Mutual bank, an investment that was wiped out within months....
...Pilita Clark, business columnist I made one of my first and worst financial blunders when I landed a job on a big city newspaper in my early twenties....
...While theatre owners and companies welcomed the extra money ploughed into the sector, the Budget announcement did not address the lack of Covid-related insurance for big productions....
...Purpose-seeking companies should take note, writes Pilita Clark. Follow our live blog for the latest....
...In the UK, polling company YouGov called age the “clear dividing line in British politics”....
...A Financial Times survey of pension companies uncovered a spike in employers missing payment deadlines....
...“The basic fact is that pandemic risk is not insurable,” said Jimi Grande, head of government affairs at the National Association of Mutual Insurance Companies....
...Among them, Insurance provider Liberty Mutual has no board members with climate credentials and drugs distributor McKesson — which has been sued for alleged involvement in the opioids crisis — has no board...
...Greenpeace blames the Asean code of non-interference in mutual affairs and consensus for the absence of progress....
...Idexx said in October that the animal health market had experienced a “V-shaped recovery”....
...Not everyone will want to be locked in a monetary union with countries like the Netherlands, whose prime minister is ideologically opposed to mutual risk-sharing....
...New Zealand has ordered residents to self-isolate ahead of a nationwide lockdown in 48 hours....
...Our insurance team’s favorite life companies are Prudential and ASR We remain overweight of P&C Defensive: The sector should be agnostic to the cycle (having no correlation with HY spreads and PMIs) yet...
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...Full story Closing quote — essential comment before you go Pilita Clark There is nothing wrong with recognising youthful accomplishment....
...From what we see,the company’s current approach to fixed-cost allocation is completely appropriate, but the effects are magnified by effectively being a one-product company....
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