FID is the big BAT bugbear

Article Abstract:

BAT Industries may be affected by a proposal to end foreign income dividends (FIDs) which could hit a plan to demerge insurance and tobacco and so unlock value. The company's dividend policy has become less generous due to the political context of litigation against tobacco firms. Four brokers from a sample of six rate the company's stocks a buy at 5.16 pounds sterling, while two rate them a hold. The buyers are Societe Generale Strauss Turnbull, BZW, Merrill Lynch and Charterhouse Tilney. Charles Stanley and NatWest Securities are the holders.

TOBACCO PRODUCTS, Tobacco Manufacturing, Tobacco industry, B.A.T. Industries PLC

---

Unwanted Names

Article Abstract:

Cox is a Lloyd's of London insurer which is carrying out a stock issue in order to buy out names belonging to the company's syndicates. Cox is offering names 40 million pounds sterling cash, or stocks to the value of 45 million pounds. Offers to names have increased in 1998 compared with 1997. The company can compel names to accept its offer once an acceptance level of 90% has been reached. The remaining names could protest if this occurs, and the protest may be given publicity.

Cox Insurance Holdings PLC

---

Royal & Sun Alliance

Article Abstract:

UK insurance group Royal & Sun Alliance (R&SA) longer-term prospects look good despite the terrorist attacks on the US, and its shares are looking cheap. R&SA is less exposed to the competitive UK life sector than many, and could be a takeover target.

Royal & Sun Alliance Insurance Group PLC

Similar abstracts:

• Abstracts: Unfinished business. Turbulent times. Concentration, you say?
• Abstracts: Doing the knowledge. Tough times, soft options. Penguin takes flight
• Abstracts: It's teeming down. Losing it small time. Don't drop your guard
• Abstracts: Chill in lending bigger than Y2K fears. Treasury in an uncertain world. Battle of the bills
• Abstracts: India produces homegrown GM cotton. US-Indian agbiotech deal under scrutiny. Indian seed bill forges new ground

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.