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Top related persons:
Nigel Wilson - 1 Jefferies - 1 Carolyn Cohn - 1 Eva Mathews - 1 Sinead Cruise - 1 Nigel Wilson – - 1 – - 1 Simões - 1
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Thomson - 2 General Investment Management - 1 Banco Santander’s - 1 Allianz - 1 HSBC - 1 HK - 1 G Capital - 1 Twitter - 1

Search resuls for: "Nigel Wilson"


6 mentions found


☆ Pensions business boosts Legal & General H1 profit above expectations
  + stars: | 2023-08-15 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Aug 15 (Reuters) - Legal & General (LGEN.L) reported a forecast-beating operating profit of 941 million pounds ($1.20 billion) in the first half on Tuesday, boosted by its bulk annuity business, and said it was on track to meet its five-year ambitions. Analysts in a company-compiled consensus poll had forecast operating profit for the British life insurer and asset manager of 834 million pounds. Operating profit fell nearly 2% from a year earlier but analysts at Jefferies said they expected the results to be "well received" on Tuesday. British specialist insurer Just Group (JUSTJ.L) reported a 154% jump in first-half profit on Tuesday, also beating market estimates, boosted by bumper sales of its retirement income products and higher new business income. ($1 = 0.7868 pounds)Reporting by Carolyn Cohn in London and Eva Mathews in Bengaluru, editing by Sinead CruiseOur Standards: The Thomson Reuters Trust Principles.
Persons: Nigel Wilson, Jefferies, Carolyn Cohn, Eva Mathews, Sinead Cruise Organizations: General Investment Management, Thomson Locations: London, Bengaluru
☆ New L&G CEO has ways to tackle Brexit discount
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +2 min
LONDON, June 15 (Reuters Breakingviews) - Britain’s Legal & General (LGEN.L) is betting on an outsider to offset a valuation discount against non-UK rivals. The $17 billion insurer has picked Banco Santander’s (SAN.MC) regional head of Europe António Simões as its new CEO. The unit’s non-UK assets accounted for 43% of new money last year. The arrival of the Portuguese-born banker will cost L&G 1.175 million pounds in annual basic salary, 9% more than Wilson’s base pay. That adds pressure for Simões to tackle L&G’s Brexit valuation gap.
Persons: Nigel Wilson –, –, Simões, Assicurazioni, Wilson, Pamela Barbaglia, Lisa Jucca, Oliver Taslic Organizations: Reuters, Banco Santander’s, Allianz, HSBC, HK, G Capital, Twitter, Bank, Thomson Locations: Europe, Zurich, London, Hong Kong, United States, Portuguese, India
☆ UK financial sector to forge new post-Brexit market model
  + stars: | 2023-05-15 | by ( Huw Jones | ) www.reuters.com   time to read: +2 min
LONDON, May 15 (Reuters) - Britain's financial services industry has commissioned a report to lay out what needs to be done to keep London a globally competitive financial centre, which it said would span law and regulation, market practice and cultural change. Sector body the Capital Markets Industry Taskforce (CMIT), which commissioned the report, said it aims to ensure that Britain remains a leading global financial centre that supports the development of high-growth UK and international companies. "It will be a comprehensive, concise, and easily understandable report that sets out the new market model needed to help deliver growth across the broader UK economy," CMIT said in a statement. Britain has already undertaken more than 30 public consultations on reforming listing and other financial rules, and is in the final stages of approving a draft financial services law to implement these so-called Edinburgh Reforms. Separately, top financial sector officials said in March they would present a "roadmap" in the autumn to "kickstart" London's role as a post-Brexit global financial centre by 2030 by offering a "vision" for the future.
☆ L&G CEO expects to see transformation of investment into the U.K. in the next few years
  + stars: | 2023-03-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailL&G CEO expects to see transformation of investment into the U.K. in the next few yearsL&G CEO Nigel Wilson discusses the firm's earnings and gives his take on the state of investment in the U.K.
☆ L&G looks overseas to fight Brexit discount
  + stars: | 2023-03-08 | by ( ) www.reuters.com   time to read: +2 min
That’s partly due to its concentration in the life sector – Wilson sold out of general insurance in 2020. L&G’s investment management unit has benefited from an international drive, with non-UK assets accounting for 43% of new money last year. On the life insurance side, some 39% of L&G’s gross premiums were booked overseas in 2022, with the U.S. a particular focus for Brexit-backing Wilson. The less L&G looks like a British company, the more attractive it will be to shareholders. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ L&G succession planning misses the mark
  + stars: | 2023-01-30 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Jan 30 (Reuters Breakingviews) - Chief executives always like to see their company’s share price dip when they announce their departure. But it might also express mild discontent with the board’s succession planning. Even so, the smoothest way to sign off on Wilson’s tenure would have been to announce his successor now, rather than the news it might take up to a year to find one. After all, the L&G board had long enough to identify a suitable internal candidate. Chairman John Kingman’s reticence may reflect a preference for a big-hitting external candidate to grow the company beyond UK borders.
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