FRANKFURT (Reuters) -Germany’s Allianz on Thursday posted a better-than-expected 13% rise in second-quarter net profit and confirmed its target for the full year. Allianz said the earnings were helped by strength at its property and casualty segment and by a disposal gain of around 300 million euros ($350 million) from a joint venture with UniCredit …
Allianz posts better-than-expected Q2 profit and confirms target Read More »
A look at the day ahead in European and global markets from Kevin Buckland There’s little doubt in the market’s mind that the Bank of England will cut interest rates later today by another quarter point, making it five cuts in the past year. But a tricky balance between a slowing jobs market and nagging …
Morning Bid: Split Bank of England set to cut rates Read More »
By William Schomberg LONDON (Reuters) -The Bank of England looks poised to cut interest rates for the fifth time in 12 months on Thursday but nagging worries about inflation are likely to split its policymakers and cloud the outlook for its next moves. Governor Andrew Bailey and most of the Monetary Policy Committee are expected …
Bank of England, facing jobs-inflation dilemma, poised to cut rates Read More »
By Kenneth Li NEW YORK (Reuters) -Thomson Reuters reported higher revenue for the second quarter, during which it launched new AI features in its tax and accounting and legal divisions. The Toronto-based content and technology company reaffirmed its full year 2025 guidance of a 7% rise in organic revenue, which tracks income from existing businesses on a …
Thomson Reuters reports higher second-quarter revenue, AI helps drive growth Read More »
By Milana Vinn (Reuters) -Blackstone, the world’s largest alternative asset manager, has agreed to buy energy data and analytics provider Enverus, it said in a statement on Wednesday, as dealmaking in the private equity sector shows signs of recovery after a slowdown. Reuters had exclusively reported last week that Blackstone had emerged as the frontrunner …
RIO DE JANEIRO (Reuters) -A possible partnership between BP and Petrobras to develop the British firm’s oil and gas find in Brazil’s pre-salt layer would hinge on carbon dioxide levels in the reservoir, three sources at the Brazilian state-run oil firm told Reuters. BP’s Chief Executive Murray Auchincloss said on Tuesday that the firm would …
BP-Petrobras partnership on Bumerangue block hinges on CO2 levels, sources say Read More »
By Iain Withers LONDON (Reuters) -Legal & General reported a 6% rise in half-year core operating profit, driven by pension buy-outs, but disappointed investors with a weaker solvency ratio as the British insurer undergoes restructuring under CEO Antonio Simoes. The FTSE 100 insurer reported core operating profit of 859 million pounds ($1.14 billion), beating analysts’ …
British insurer L&G profit up on pension buy-out spree Read More »
By Marta Frackowiak and Elviira Luoma (Reuters) -Finnish insurer Sampo reported an unexpected rise in its second-quarter earnings on Wednesday, sending its shares more than 3% higher in early trading, as premiums grew in its private businesses in the Nordics and Britain. Profit before tax rose 18% to 526 million euros ($609 million) in the …
Nordic insurer Sampo trounces market expectations, shares rise 3% Read More »
(Reuters) -Hiscox reported a 6.2% rise in first-half group net insurance premiums on Wednesday, supported by consistent growth in its retail business. (Reporting by Ankita Bora and Aatrayee Chatterjee in Bengaluru; Editing by Sherry Jacob-Phillips)
BRUSSELS (Reuters) -The European Union will likely have to wait a few more days for an executive order by U.S. President Donald Trump lowering tariffs on imports of European cars and car parts, a source familiar with the EU-U.S. negotiations said. It means U.S. consumers will continue to see tariffs of 27.5% applied to the …
Trump order lowering tariffs on EU autos still days away, source says Read More »
