trending Market Intelligence /marketintelligence/en/news-insights/trending/dcckswog35y6hyoqrbxzxa2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

JLT H1 profit falls YOY on restructuring costs

Episode 11 - How COVID - 19 Has Reshaped The Advertising Industry

信用分析(Credit Analytics)案例: 瑞幸咖啡

S&P Podcast – Economic Recovery Will Guide US Ad Market

Cable Network Q1'20 Distribution Revenue Recap

JLT H1 profit falls YOY on restructuring costs

Jardine Lloyd Thompson Group Plc reportedfirst-half profit attributable to owners of the parent of £33.3 million, downfrom £73.9 million in the year-ago period.

EPS for the period stood at 15.1 pence,compared to 33.6 pence a year earlier.

Income from fees and commissions for the firsthalf rose on a yearly basis to £617.6 million from £590.1 million.

Restructuring costs amounted to £10.2 million,compared to £6.7 million a year earlier, in respect of the restructuring of itsU.K. and Ireland employee benefits business. JLT said the restructuring remainson track and is expected to deliver benefits in 2016 of £9 million and £14million on an annualized basis in 2017. The group expects a total charge ofapproximately £12 million for full year 2016 in relation to the restructuring.

The group booked a charge of £22 million as anexceptional item in the second quarter following a with Willis regarding certainemployment-related disputes involving a fine arts, jewelry and specie teamhired by JLT in 2015. The group also booked a £1.4 million loss on the disposalof a business in Indonesia.

The group's board declared an interim dividendof 11.6 pence per share, compared to 11.1 pence a year ago. The interimdividend will be paid on Oct. 3 to shareholders on the register Sept. 2.

In addition, JLT appointed Adam Keswick anonexecutive director and deputy chairman, effective Sept. 1. Keswick, who iscurrently based in Hong Kong, will undertake a new group role based in Londonbeginning Aug. 1, while remaining a director of Jardine Matheson Holdings Ltd.and certain other group companies.