Lloyd Thompson: under pressure
Article Abstract:
Lloyd Thompson has seen a rise in its share price which is linked to hopes relating to the restructuring of Lloyd's of London, as well as speculation about a possible bid. Hull and marine accounts for around 26% of the company's business, reinsurance accounts for 27% and international real estate for 24%. The company can increase its market share but this is expensive. Expenses have risen by more than revenues in 1st half 1996. The number of shares issued has increased to 79m from 76m following an issue for employees, and this will affect earnings per share.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Winning the rate race
Article Abstract:
Sedgwick is a UK insurance broker which reported a drop in pre-tax profit for 1995, but which has benefited from lower costs. The company was affected by the performance of Sedgwick Noble Lowndes in 1995, but UK brokerage expenses have dropped by some 2% over the three years to 1996. The company has purchased wider cover for its business clients, helping to maintain revenue, and Sedgwick's income from fees, less sensitive to pressure than commision, is increasing.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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