Hints and tips:
...Yet that’s what the investment behemoth Brookfield Asset Management is grappling with as it tries to sell PD Ports, a Middlesbrough-based port company it acquired out of the bankruptcy of Australia’s Babcock...
...In January, Mike Turner, chairman of Babcock, the FTSE 250 defence contractor, said he had decided to step down after 10 years in response to the new rules....
...Revenues and pre-tax profit were up nearly 50 per cent at the half year, lifting Just Eat’s market value above J Sainsbury’s....
...“The bureau will respond to whomever is put in that position,” said Ernest Babcock, a former deputy assistant director of the FBI....
...Babcock was steady at 933.5p a two-year low. Concerns about Babcock’s Aavincis helicopter services division are now reflected in the price, said Exane, which upgraded to “neutral”....
...J Sainsbury tumbled a further 3.9 per cent to 224.8p amid fears that its November strategy update could be too late to respond to growing competition, particularly if Tesco moves first with a rights issue...
...Wm Morrison was among the biggest fallers, down 2.1 per cent at 174.3p, while J Sainsbury lost 1 per cent to 321.7p....
...J Sainsbury, the FTSE 100’s most-shorted stock, lost 2.1 per cent to 309.5p amid talk it was scaling back expansion plans....
...Babcock remains a solid operator, too, with the advantage of providing services that require national security clearance....
...My heroes – not all in business – are Katharine Graham, the publisher, J.K....
...Peter Rogers, chief executive, Babcock International, the engineering group. Chris Gibson-Smith, chairman, London Stock Exchange. Mark Stephens, media lawyer....
...Andrew Birkett, group pensions manager at Babcock, says that longevity swaps bring a high degree of certainty over pension liabilities for as long as 50 years and that institutional investors appreciate...
...Mr Mullins expects longevity swaps to account for about £10bn of the forecast £15bn of pension liability activity this year, following on from the pioneering deals done by Babcock International, RSA and...
...paul.j.davies@ft.com...
...RSA and Babcock International last year completed very large longevity swaps, to offload the risk of pensioners living longer than expected, as a cheaper alternative to a full buy-out....
...Babcock International and RSA became the first companies to take out longevity protection last year with Credit Suisse and Rothesay Life, a unit of Goldman Sachs, covering liabilities worth £3.1bn....
...Lombard: Louise Lucas – Babcock sharpes its pencil No-one could accuse Babcock International of hanging around....
...J Sainsbury was 1.2 per cent off at 329¼ after ING analysts said the group’s trading update, due tomorrow, might disappoint....
...Credit Suisse and Goldman Sachs last year closed the first longevity-swap deals directly for corporate pension schemes, respectively Babcock and RSA....
...For example the Babcock International deal, the first pension scheme longevity trade, involved former dock workers from two sites – one in the north-east of England and one in Plymouth, according to those...
...But this summer saw Goldman Sachs complete two such deals directly for corporate schemes at RSA and Babcock....
...Paul Trickett, a consultant at Watson Wyatt, which advised the trustees, said RSA’s deal and the derivative trade that Babcock & Brown used this year to cut the longevity risk in its pension scheme, allowed...
...Its company credo, which dates back to 1943 and was written just before J&J went public, makes for a challenging read. J&J is a “customers first” company....
...He is on the board of Lazard, the investment bank, and will become chairman of engineering services group Babcock International this year....
...Babcock & Brown, the asset manager that last week dropped to an all-time low, gained 2.8 per cent to A$2.55 on a report in an Irish newspaper that it may sell Eircom, a phone operator in Ireland....
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