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...Smith & Nephew had given a “compelling rationale” for paying more to its US-based leaders, Glass Lewis said....
...This year’s payout comes despite the group falling to a loss of £69.4mn, from a profit of £33mn last year, as it has expanded in regions such as North America....
...Bet365 also donated £100mn to the Denise Coates Foundation, a registered charity. Coates’s salary peaked at £421mn in 2020, but dropped to £250mn in 2021 and then to £213mn in 2022....
...You are being given a second chance to buy duration at a much better yield level than four months ago. Chance of rate rises: zero. Chances of rate cut this year, of some magnitude:99 per cent....
...Joe LeahyIt just seems inevitable that this year is gonna be a big year for trade tensions. Jessica SmithI’m Jess Smith and here’s the news you need to start your day....
...Keel, a former 3M and General Electric executive, joined London-headquartered Smiths in May 2021....
...One person with dealings with its management said: “If Denise wants something then it will happen. Decisions are made quickly and often by instinct which is a major advantage.”...
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...Brussels has raided a Chinese security equipment supplier, deploying new anti-foreign subsidy powers in a move that will further inflame tensions between Brussels and Beijing ahead of a planned visit by...
...tale in a large-scale mural....
...Sotheby’s is looking to borrow $500mn for three years* against a pool of loans it provides to filthy rich art collectors, through a new securitisation vehicle the auction house has dubbed ArtFi....
...US-based International Paper has agreed to buy UK rival DS Smith in a deal valued at £7.8bn, the companies said on Tuesday....
...In March, the boss of Admiral said the sector was in a “different situation” and that the FTSE 100 company had even put through a “small price decrease” recently to win business....
...Hill & Smith has lauded the performance of its US businesses, describing a “standout performance in composites and electrical utility”....
...US-based International Paper has agreed to buy UK competitor DS Smith in a £7.8bn deal, trumping a bid from London-listed Mondi as consolidation across the paper and packaging industry accelerates....
...WTW’s Tim Rourke said the data suggested “the relentless rise in prices may finally be turning a corner”....
...A Mondi/DS Smith combination would be too big for a subsequent deal. DS Smith shareholders should be wary of a suitor willing to overpay simply to stay in the game. andrew.whiffin@ft.com...
...Instead, in the event of an insolvency, debt in the securitisation is secured on claims from the proceeds of a sale to a suitable owner....
...On average, only a quarter of these economic losses at EU countries are insured, leaving a huge so-called “protection gap”....
...Instead, the debt is secured on claims from the proceeds of a sale to a suitable owner....
...The announcement comes after rival Mondi reached an agreement in principle for a takeover of DS Smith earlier this month....
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