Summary
SIR BRIAN Stewart waved a clenched fist in what looked like a defiant gesture against the doom-mongers. Standing at the rostrum to unveil Standard Life's stock market prospectus, he declared that a "whole new era" was opening for the Edinburgh insurer.
"Investors do not only look at today, they look at tomorrow," he said, with clear reference to the recent market turmoil that has put a question mark over the process and the price that the company will command on flotation.See the full content of this document
Extract
When the Feeling's Demutual
The plunge in equities in recent weeks had forced the board into lowering the price range, but the message from the chairman was unequivocal: Don't panic.
Yet the bears were out for company last week with gloomy predictions that it was on track for a disappointing stock market debut followed by a quick takeover by hostile predators already waiting in the wings for a barg...See the full content of this document
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