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The Financial Director interview - Making New Friends.
(From Financial Director)
Byline: Tom Berry.
Friends Provident, the life, pensions and asset management company, has not been making the great strides it had hoped since its demutualisation and flotation on the London Stock Exchange in July 2001. Part of the problem, says Friends' group FD Philip Moore, is that the City hasn't yet come to terms with the new-look company. "The market's not quite sure yet whether we're a winner in the new regime," he says.
Friends' flotation was designed to give the organisation scale, and to provide extra capital so the company could invest in more equities, grow operations and increase market share. But ...
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