|Day's Range||23.22 - 23.22|
(Bloomberg) -- London Stock Exchange Group Plc, fresh from spurning an unsolicited bid from Hong Kong, will start a global search to replace its chief financial officer as it presses ahead with a deal for data firm Refinitiv.Chief Financial Officer David Warren will retire by the end of 2020 once the bourse’s $27 billion transaction for Refinitiv completes, the firm said alongside better than expected third-quarter results Friday. He spent eight years at the firm including a short spell as interim CEO before David Schwimmer’s appointment. Shares climbed as much as 1.6% in early London trading.LSE faced an unwelcome distraction last month when Hong Kong Exchanges & Clearing Ltd. tabled a surprise takeover, taking Schwimmer away from ironing out the details of his own deal announced in August. HKEX abandoned its approach after a stern rebuke from the U.K. company and a cool reception from Beijing.Instead, the London exchange is betting on a future driven by data, shifting away from the lumpy revenues generated by volatile stock trading. For the third quarter, LSE reported a 12% rise in total income to 587 million pounds ($754 million), helped by 19% growth at its LCH clearing business. The figure was above the 565 million-pound consensus estimate of 10 analysts provided by the company.LSE said it has hired David Shalders, a former Royal Bank of Scotland Group Plc and Willis Towers Watson Plc executive, to keep the Refinitiv takeover on track to complete by the end of 2020. The regulatory approvals process is underway, it said.(Adds detail on Warren retirement in second paragraph.)To contact the reporter on this story: Viren Vaghela in London at email@example.comTo contact the editors responsible for this story: Ambereen Choudhury at firstname.lastname@example.org, Marion DakersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
The Thinking Ahead Institute has today released research that describes an industry on the cusp of significant change. The challenges that need to be addressed in defined contribution (DC) plans include coverage, adequacy, technology, a lack of trust and a lack of engagement with participants. The new research asserts that DC version 2.0 is now emerging, and behind this lies another generation of plans — version 3.0, which will be characterized by hyper-customization and integrated whole-of-life wealth management.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have gone over 730 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Curbing the cost of health care and increasing its affordability remain the top priorities for almost all employers over the next three years (93%), according to the 24th annual Best Practices in Health Care Employer Survey by Willis Towers Watson (WLTW), a leading global advisory, broking and solutions company. Employers expect health care cost increases of 4.9%* in 2020 compared with 4.0% in 2019. Despite this cost increase, 95% of employees are very confident their organization will continue to sponsor health care benefits to active employees in five years.
ARLINGTON, Va. and LONDON, Oct. 07, 2019 -- Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, will announce its financial results.
ARLINGTON, Va., Oct. 07, 2019 -- Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, today announced it has entered into an agreement.
Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson (WLTW), today announces the appointment, with immediate effect, of Donald Harrell as Managing Director & Chief Operating Officer of Willis Re Specialty. Harrell joins with more than 25 years’ broking and underwriting experience in the speciality insurance sector. Previous appointments include Senior Vice President of Liberty International Underwriters in New York, and 16 years with AIG and C.V. Starr.
Faced with rising costs and continuing struggles to engage employees with their benefits, U.S. employers are expanding their overall corporate benefit strategy to better meet employee needs, according to a new survey by Willis Towers Watson (WLTW), a leading global advisory, broking and solutions company. The survey found employers are looking to place greater emphasis on employee wellbeing, broader benefit packages and use of new technologies to support employee decision making.
Willis Towers Watson (WLTW), a leading global advisory, broking and solutions company, along with the Government of the United Kingdom, the Government of Jamaica, the Global Commission on Adaptation and the World Economic Forum, today announced the launch of a private-sector led Coalition for Climate Resilient Investment. Climate change will impact on all aspects of society and will pose the biggest challenges to the world’s most vulnerable. Extreme weather poses an existential threat to the world`s most vulnerable nations, but also to the world’s most advanced economies’ critical infrastructure.
The Thinking Ahead Institute (TAI) today released research that highlights the growing importance of the private equity market to both companies and investors. Increasing demand from investors for private equity has been significant, with the industry growing more than 500% since 2000, valued at over $3 trillion in 2019.1 This has corresponded with changing dynamics in how companies are raising capital. “Today’s knowledge-based business models tend to be asset light, and having a significant proportion of investment in intangible assets acts as a drag on earnings.
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
The Willis Research Network (WRN) announces a new partnership with Mitiga Solutions, which will provide leading-edge volcanic ash cloud and sandstorm forecasting to aviation and aerospace clients to optimise air traffic management. This new partnership will enable airlines, airports and associated organisations in both the public and private sectors to predict and mitigate the impact of natural hazards to air traffic management and aviation operations. Volcanic ash, sandstorms and mineral dust are key hazards for airlines, which affect flight safety, aircraft routes, infrastructure and engine lifetime.
ARLINGTON, Va., Sept. 11, 2019 -- Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, announces that it has entered into a strategic.
Willis Towers Watson (WLTW), a leading global advisory, broking and solutions company, today launched its Mining Risk Review 2019 which shows that although there are key uncertainties that need to be addressed in both the mining and insurance industries, global mining insurance did not yet constitute a truly hard market. Releasing the Review, Graham Knight, Global Head of Natural Resources, Willis Towers Watson, commented: “Our 2019 Review is being published in the aftermath of yet another tailings dam tragedy.
ARLINGTON, Va. and LONDON, Sept. 09, 2019 -- Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, announced that it approved a regular.
ARLINGTON, Va., Sept. 09, 2019 -- U.S. commercial insurance prices increased by nearly 4% in the second quarter of 2019 compared to prices charged during the second quarter of.
The Thinking Ahead Institute’s (TAI’s) Extreme Risks 2019 report and ranking,1 which categorizes rare events that could have a high impact on global economic growth and asset returns, has a new top three: global temperature change, global trade collapse and cyber warfare. TAI is an outgrowth of Willis Towers Watson Investments’ Thinking Ahead Group.
Companies with practices that support greater gender diversity are rated more effective by their employees across a range of topics than those that do not, according to an analysis by leading global advisory, broking and solutions company Willis Towers Watson (WLTW). Additionally, companies that offer supportive family services and health education programs for women provide better environments for finding work/life balance and managing workloads. The analysis links diversity practices with opinions from 1.7 million employees surveyed by Willis Towers Watson at 32 major companies that are included in the 2019 Bloomberg Gender-Equality Index (GEI).