Hints and tips:
...“We shouldn’t give up on DB because the average duration is still 15 years,” says Nigel Wilson, chief executive of L&G....
...Closed since April 2019, when it was ravaged by fire, it won’t yet be fully restored, but about €700mn of the €846mn pledged to reconstruct it will have been spent....
...C Coaching After Wimbledon, the men’s tour will trial allowing coaching during matches....
...“L&G offers a 6.3% 2020E dividend yield, 1.2% above the sector average. Pre-2016 L&G's yield averaged 0.4% above the sector.”...
...France L&S and Italy will not pay dividends this year, and XL Bermuda is unlikely to. The slack is only partly taken up by France P&C which is over distributing....
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...Insurer dividends are a bit of a shitshow, to use the regulatory terminology, so who knows whether or not L&G’s resolve will be overrode either by the PRA or the local regulators that rule over its subsidiaries...
...more of a primary event), UK P&C (~14% of premium), and then the multilines (~10%)....
...Homeowners having more time with events/holidays being cancelled, 2. More household cash and 3. Increased focus on the home, reversing some L-T adverse trends....
...During the period DC has closed its 531 Carphone Warehouse stores, 11 days earlier than planned and will now state CPW sales on a total not LFL basis....
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...Results from L&G, TT Electronics and Elementis. ... Hostelworld and Wizz Air both give light warnings due to the obvious. ... Malarkey Tuesday. ......
...Company commentary supports our view of limited direct impact to P&C : Hannover Re: noted a potential €200m loss across P&C and L&H; Munich Re: noted a €500m loss should all the events it covers for communicable...
...The division is margin dilutive to the Group at a c.13% operating margin (Group c.18-19%)....
...And with value likely to outperform both in the mild and severe scenarios, AXA is the pick among the multilines, L&G’s favoured in life, plus Prudential....
...Ben Bennett, head of credit strategy in asset manager L&G’s fixed income arm, said the company had just taken the decision to reduce the duration of the bonds in its portfolios, while M&G said it has been...
...C....
...Exane BNP Paribas analyst Andy Hughes, a long-standing critic of L&G, argued that the stock was “60 per cent more expensive than Standard Life” because its annuities business was being overvalued....
...By: Political MC Alice G....
...He is currently avoiding closed-ended vehicles such as the F&C Commercial Property Trust....
...The broker’s team also noted a recent trade report saying L&G was looking at further cost cutting, including the outsourcing of its IT infrastructure unit....
...It forecast L&G to have generated £602m of cash in 2009....
...L is for logo The logo for the Vancouver Games is called Ilanaaq the Inunnguaq. Ilanaaq is the Inuktitut word for friend....
...“Based on statements made by Resolution management we see an approach for L&G as unlikely,” said analysts at Sanford Bernstein....
...It starts to snow and the temperature drops to -13°C....
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