|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||572.64 - 582.00|
|52 Week Range||447.00 - 690.00|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||10.78|
|Forward Dividend & Yield||0.33 (5.71%)|
|1y Target Est||N/A|
A simmering boardroom battle at toilet maker Lixil Group has emerged as a test case for whether minority shareholders can improve corporate governance in Japan, the man at the centre of the tussle told Reuters. Kinya Seto, whose abrupt resignation as Lixil's CEO in 2018 prompted a revolt by minority shareholders, said the company is controlled by an old guard of management "kingmakers" who prioritise their interests over shareholders'. "In Japan even fairly big companies have these kingmakers who are in power for a decade or two and even the chief executive can't oppose them," Seto said.
British asset manager Polar Capital (POLR.L) said total assets fell 7.5 percent in October on the back of a broad stock market selloff, taking the shine off a jump in half-year profit. The MSCI World index (.WORLD), a broad gauge of global stocks, fell 7.4 percent in October. Assets rose to 14.7 billion pounds from 12 billion pounds in the six months to end-September, helping Polar post an 81 percent year-on-year jump in core profit and interim dividend of 8 pence, but had fallen to 13.6 billion by the end of October.
London-listed asset manager Polar Capital (POLR.L) will initially base five staff in Paris when Britain leaves the European Union, including its top risk officer, its chief executive said. The number of staff affected by Brexit-related relocation has become a hot-button issue after Europe's top regulator last year warned national regulators needed to ensure investment firms had enough senior staff on the ground to ensure businesses were doing more than setting up postal addresses. Given the tough competition to win business, the degree to which the French national regulator, the Autorite des Marches Financiers (AMF), is enforcing that guidance is of particular interest to counterparts in rival centres.