As per our 19 June Flash Note, JLT’s FY2016 results gave hope that it was on the home run, albeit still a few miles away. We are increasingly comfortable that guidance is reliable (barring major FX swings/ extraordinary events) and that the upside potential is improving. Indeed, costs relating to the US operation start to fall YoY and 2019, when US Specialty should start to deliver profits to the group, is getting that bit closer. JLT is moving onto the front foot in terms of market com
25 Jul 2017
Focusing on the prize
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Focusing on the prize
Jardine Lloyd Thompson Group (JLT:LON) | 0 0 0.6% | Mkt Cap: 2,861m
- Published:
25 Jul 2017 -
Author:
Joanna Parsons -
Pages:
3
As per our 19 June Flash Note, JLT’s FY2016 results gave hope that it was on the home run, albeit still a few miles away. We are increasingly comfortable that guidance is reliable (barring major FX swings/ extraordinary events) and that the upside potential is improving. Indeed, costs relating to the US operation start to fall YoY and 2019, when US Specialty should start to deliver profits to the group, is getting that bit closer. JLT is moving onto the front foot in terms of market com