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I mentioned that our domestic equity target was 11%.
Advance Auto may be a decent candidate to become another major private equity target.
Gary Greenwood, an analyst at Shore Capital, pointed out the 10% return on equity target being abandoned was only set a year ago.
But the unit requires more capital than any other business and has the lowest return on equity target, at 17 percent.
The bank cut its long-term return on equity target to 12-15% from 15-19%, blaming the costs caused by regulations requiring banks to hold more capital and extra liquid instruments that can be sold quickly in a crisis.
Nick Prior, head of infrastructure at Deloitte, the consulting and accountancy group, said the equity target would increase the cost of the projects, which would be passed on to the taxpayer.
Similar(46)
To meet their "employment equity" targets, companies are now raiding the only place where they can find trained black managers: the public sector.
Management have taken significant action to improve returns on equity – targeting top quartile underwriting returns, redomiciling to the Netherlands – and we think the shares should re-rate as the benefits emerge.
Management have taken significant action to improve returns on equity (targeting top quartile underwriting returns, redomiciling to Netherlands) and we think the shares should re-rate as the benefits emerge.
Mr. Wu said the deal on Thursday indicated that the mining charter's equity targets could be met by the industry and he added that the deal put pressure on AngloGold, another of South Africa's big three gold miners, to make an aggressive empowerment deal.
He is well known to the market, businesses under his care have performed well (Barclaycard and UK retail and business banking are the only two divisions currently meeting the return on equity targets set under Barclays' 13% ROE plan), he possesses experience within and without the group, and his reputation and retail heritage provide a base for rebuilding the bank's reputation over time.
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