Hints and tips:
...Arthur J Gallagher, the sponsor of English Premiership rugby, has been told to pay £3m to a rival and two of its staff members after a court case that highlighted the aggressive working culture in the City...
...Mr Tiner could not be reached for comment....
...John Tiner, chief executive of Resolution Operations, the management company for the acquisition vehicle, said the long-delayed circular for shareholders to vote on changes that would allow it to launch...
...Additional reporting by Paul J Davies...
...Some analysts speculated that some of the £1bn in cash could be used to pay a special dividend or for a share buy-back, but Mr Tiner refused to be drawn....
...“Given the threshold set out today and the focus of our strategic plan . . . it is very unlikely that we will find acquisition opportunities that are accretive to returns,” Mr Tiner said....
...Mr Cowdery and Resolution’s chief executive John Tiner are due to update the market on the progress of the UK life project next Wednesday....
...Mr Tiner said the company had a number of routes to pursue for the funding of deals, which could include large transactions or a series of smaller bolt-ons....
...“From the point of view of building our share of individual protection this takes us from 11 per cent to 14 per cent of a very fractured market,” Mr Tiner said....
...In January, John Tiner, chief executive of Resolution Operations, the management company, commented that he was confident that the group could achieve its mid-teens return targets without doing any more...
...John Tiner, Resolution chief executive, said fundamental weaknesses and imbalances in the UK life sector left plenty of opportunity for the company to pursue fresh deals in spite of the progress made by...
...John Tiner, chief executive of Resolution, said the deal “would build strong momentum in Resolution’s life assurance consolidation project”....
...The savings represent about 16 per cent of the combined group’s cost base, which John Tiner, Resolution chief executive, said, while not conservative, were realisable....
...Mr Tiner said that in spite of the fourth quarter rebound in sales, the company still beleived that the UK market had gone “ex-growth” and that consolidation was necessary....
...Demands for higher capital at financial companies and a growing risk of national protectionism will raise the costs for consumers and companies – and could put a brake on recovery, John Tiner, former head...
...Legal & General already looks much like the kind of company that Mr Cowdery and his team, which includes John Tiner, the former head of the Financial Services Authority, are trying to build....
...Mr Tiner joined Clive Cowdery, the entrepreneur, last year to help build Resolution....
...John Tiner, Resolution chief executive, has said it could begin new projects before the life assurance project was complete....
...Mr Tiner said he was pleased so many shareholders had opted to take stock instead of cash in Resolution, which is based in Guernsey....
...Mr Tiner said Friends’ experience of buying other life assurance businesses was a big attraction of that company as a starting point for Resolution’s project....
...Sir Adrian and Mr Biggs are likely to be joined at the meeting on Monday by their advisers and leading executives, including Mr Cowdery and John Tiner, the former head of the Financial Services Authority...
...John Tiner, Resolution chief executive, was chief executive of the FSA until July 2007, but was not part of the inquiries....
...John Tiner, chief executive of Resolution and the former head of the Financial Services Authority, said: “Our investors would prefer us to do larger deals with this vehicle....
...From outside, things looked awkward for the new company’s chief executive, John Tiner, the former chief executive of the FSA, who was not part of the inquiries....
...Mr Cowdery and John Tiner, chief executive of the new Resolution and former head of the Financial Services Authority, would keep Trevor Matthews, the Friends chief, and his management team in place, according...
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