“Our plans for demutualisation are at an advanced stage. Before proceeding, the company must assure itself that there are unlikely to be major concerns on the part of our regulator or the independent expert who must report to the courts. To that end, we are engaged in regular, full and open discussions about all aspects of the demutualisation programme.”
“Our plans for demutualization are at an advanced stage. Before proceeding, the company must assure itself that there are unlikely to be major concerns on the part of the regulator or the independent experts who must report to the courts. To that end, we are engaged in regular, full and open discussions on aspects of the demutualization program.”
“The main reason for that is corporate earnings growth. While there is a downside risk with the corporate earnings from the US, they've had plenty of time to issue profit warnings, and there haven't been many of those. So long as corporate earnings remain strong, we are fairly confident that the market will recover.”
“There are some signs that high oil prices are making consumers adjust the way they spend money and that will affect demand at the margin. But, underlying demand in the U.S. economy is pretty robust.”
