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Sedgwick Noble Lowndes name to go in new year

The Sedgwick Noble Lowndes name is set to disappear from January 1 as the firm is merged into William M Mercer. The move follows the takeover of Sedgwick Group by Marsh & McLennan, Mercer&#39s parent company, in August. Mercer&#39s UK chairman and chief executive David Barford will assume responsibility for UK operations. Sedgwick Noble Lowndes UK chairman Robert Walker has been forced into early retirement.

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Paragon profits up 16 per cent

The Paragon Group has announced a 16 per cent pre-tax profit rise in 1998 to £25.1m from £21.6m.Paragon says its total value of loans to customers rose to £1,379m at September 30 1998 from £1,095m at September 30 1997.The total number of accounts under its management increased to 91,000 from 38,000 and total assets under […]

Clinicare rejects EC recommendations on alternative medicine

Clinicare is opposing a European Commission recommendation that alternative medicine practitioners should be subject to much tighter regulation.The private health insurer says that it can advise policy holders on whether practitioners are bona fide members of an appropriate body and that there is no need for legislation.The EC believes that anyone offering complementary medicines should […]

M&G profits up 12 per cent

Revenue grew by 8 per cent to £164m and operating profit increased to £58.2m from £51.9m, an increase of 12 per cent.Net Pep sales were £217m compared with £210m in 1997.Redemptions continue to hurt M&G&#39s business. There was a net outflow of £111m from its unit and investment trusts, although this was an improvement on […]

Japan: the Land of the Rising Dividends

By George Boyd-Bowman, Fund Manager at Neptune Many Western investors have long bemoaned the lack of a true dividend culture in Japan, claiming the corporate culture is not tilted in favour of shareholders. Yet today, in the Land of the Rising Sun, we see a fresh impetus to focus on shareholder returns, which is leading […]

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