Yesterday's AGM of Standard Life was hailed by chairman Brian Stewart as a victory after the company's resolutions were all voted through by the membership, and candidates proposed by the board all elected or re-elected as directors.
However, the picture may not be as rosy as all that as first quarter sales figures across the life sector still indicate Edinburgh's finest has some way to go to restoring its place at the head of the table. While motions may have been passed in favour of management now, the fact is those in the City whose job it is to scrutinise new share offers will do just that with a very large microscope come time to actually start selling off what has been the UK's biggest mutual. A major wakeup call will have come with figures published today by Legal & General, which says its first quarter glo...
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