New Products, Technological Advancements, Corporate Updates, and Interim Management Statements - Analyst Notes on Rexam, Victrex, Friends Life, Amlin and RBS
LONDON, June 23, 2014 /PRNewswire/ --
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Today, Earnings Review released its analysts' notes regarding Rexam Plc (LON: REX), Victrex Plc (LON: VCT), Friends Life Group Ltd (LON: FLG), Amlin Plc (LON: AML) and Royal Bank of Scotland Group Plc (LON: RBS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/3998-100free.
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Rexam Plc Analyst Notes
On June 17, 2014, Rexam Plc (Rexam) announced that Mike's Hard Lemonade Co. launched 8 oz. cans for three of its beverages - Mike's HARDER lemonade, Mike's HARDER black cherry lemonade and Mike's hard® smashed apple ale - in Sleek cans from Rexam. Rich Grimley, President and CEO, Rexam BCNA said, "Our 8 oz. Sleek can is a distinctive package that attracts attention on retail shelves with colorful, eye-catching graphics, while also delivering superior recycling, filling, distribution and display economics that make good business sense." Rexam also stated that the 8 oz. sleek cans is an excellent addition and will aid in broadening Mike's reach as these smaller serving sizes continue to grow in popularity. The full analyst notes on Rexam are available to download free of charge at:
http://earnings-review.com/3998-REX-23Jun2014.pdf
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Victrex Plc Analyst Notes
On June 17, 2014, Victrex Plc (Victrex) announced that three of its high performance thermoplastics have been added to a leading material and modelling database called Digimat-MX in order to quicken the application development process, while helping to minimize component weight and costs. Victrex stated that the material modelling data stored on the database helps engineers investigate and predict the behaviour of composite materials, which are used, for instance, to replace metal parts on commercial aircraft. The Company informed that the software suite from e-Xstream engineering, an MSC Software Company, now offers data on VICTREX® PEEK 150CA30, VICTREX PEEK 90HMF40, and VICTREX PEEK 150GL30. As per the Company, VICTREX PEEK 150CA30 is used to replace metals such as aluminium, titanium and stainless steel and VICTREX PEEK 150GL30 is a 30% glass fibre-filled polymer that offers a low viscosity to simplify the moulding process. The full analyst notes on Victrex are available to download free of charge at:
http://earnings-review.com/3998-VCT-23Jun2014.pdf
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Friends Life Group Ltd Analyst Notes
On June 10, 2014, Friends Life Group Ltd (Friends Life) called for an urgent action on the mechanism for delivering the guidance guarantee outlined in 2014 Budget so that Government and the pensions industry can work together to ensure delivery of the new arrangements by the April 2015 deadline. Andy Briggs, Group CEO, said, "It is vitally important that we have clarity on the mechanism for delivering the guidance guarantee as quickly as possible and that the pensions industry works together with the Government to ensure a smooth and efficient delivery of the new arrangements. This can best be achieved if guidance is delivered by an independent central utility demonstrating true impartiality for the consumer. We have a real opportunity to build greater trust among consumers by ensuring a smooth and efficient implementation of the new pension arrangements." The full analyst notes on Friends Life are available to download free of charge at:
http://earnings-review.com/3998-FLG-23Jun2014.pdf
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Amlin Plc Analyst Notes
On May 22, 2014, Amlin Plc (Amlin) released Interim Management Statement for Q1 2014. The Company informed that gross written premium for Q1 2014 was £1.3 billion, up 5.1% YoY. Amlin stated that the renewal retentions improved to 88.2% in Q1 2014, as compared to 87.5% in Q1 2013. Amlin informed that the reduction in written premium for Amlin Europe was due to the result of a timing difference in the recognition of £33.4 million of income from RaetsMarine, which prior to its acquisition, was treated as a binding authority. The Group's investment return for Q1 2014 was 0.6% with average funds under management of £4.3 billion. Charles Philipps, CEO, Amlin, said "We continue to benefit from the strength of our reinsurance franchise and our partnership with Leadenhall Capital, which are creating new opportunities for Amlin as the market evolves." The full analyst notes on Amlin are available to download free of charge at:
http://earnings-review.com/3998-AML-23Jun2014.pdf
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Royal Bank of Scotland Group Plc Analyst Notes
On June 12, 2014, Royal Bank of Scotland Group Plc (RBS) announced that by the end of 2014, it will re-open access to the LINK ATM network for all of its customers, reversing a decision taken in 2011 to limit access to ATMs. As per the Bank, this move will help almost one million customers on a Basic Bank Account who have been unable to use non-RBS and NatWest cash machines. Ross McEwan, CEO, RBS, commented, "We looked at this and decided it just wasn't right. You don't make life harder for those who need your help most. We need to rebuild trust with our customers." RBS also stated that it will continue to work on its long-term plan for the provision of basic banking services for people who might otherwise be excluded from the financial system. The full analyst notes on RBS are available to download free of charge at:
http://earnings-review.com/3998-RBS-23Jun2014.pdf
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