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Shares in Just Group slumped on Tuesday after European private equity firm Permira sold 50m shares in the retirement specialist at 157p each in a placing that represents a stake of around 5. 3%.
Insurer Hastings said on Tuesday that Mike Fairey has decided to retire as chairman and will step down from the board in May, while Toby van der Meer will take over as chief executive officer.
Cigarette maker British American Tobacco said 2018 earnings would get a 6% boost from the recent US tax cuts “supporting our commitment to high single digit earnings growth and increased investment in the roll out of next generation products”.
