ERM presented a straightforward picture of improving growth through disposals of weak businesses and taking cost savings and applying them to investment in organic growth. Existing businesses’ will be pushed harder to deliver growth. Margins will remain flat as a consequence of reinvestment. There is no change to dividend policy and cash generation is being directed to acquisitions that remain hard to execute suggesting a cash pile will build even faster as assets are disposed of. We are not cha ....
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Investor day – nothing unexpected
- Published:
10 Mar 2016 -
Author:
Johnathan Barrett -
Pages:
4
ERM presented a straightforward picture of improving growth through disposals of weak businesses and taking cost savings and applying them to investment in organic growth. Existing businesses’ will be pushed harder to deliver growth. Margins will remain flat as a consequence of reinvestment. There is no change to dividend policy and cash generation is being directed to acquisitions that remain hard to execute suggesting a cash pile will build even faster as assets are disposed of. We are not cha ....