Why staying mutual is better for policyholders
Article Abstract:
Norwich Union, one of the largest mutually owned insurance concerns in the UK, is set to demutualise and float on the stock market. Its capitalisation is likely to be around 4 billion pounds sterling. Some observers feel that a flotation is not necessarily the best approach for an insurance company, while others believe that the future is bleak for mutual life companies. There is a particular danger that demutualisation will lead to life companies abandoning their traditional approach of working only for the policyholder.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
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Watch out for the FTSE 100 investment bubble
Article Abstract:
Investors have tended to focus on large companies over recent years. These companies tend to enjoy a premium in terms of stock market valuation, and their share prices have generally been stronger than those of small companies. It is possible to argue that investor focus on large companies is playing a role in creating a potentially damaging investment bubble in the FTSE 100 share index. In many cases, investment is being made in large companies without any really logical reason for doing so.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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Regan accused over offshore Co-op payments
Article Abstract:
Galileo, a shell company controlled by financier Andrew Regan, is planning to make a renewed takeover bid for Co-operative Wholesale Society (CWS) shortly. CWS claims that Regan has been issuing misleading information about the company, and is attempting to uncover details about a secret payment of 2 million pounds sterling made to a Cayman Islands company by Regan. CWS is also expressing concern that merchant bank adviser Lord Hambro has forged links with Regan.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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