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FRANKFURT (Reuters) -The German reinsurer Munich Re said on Monday that its second-quarter profit was significantly above analyst expectations, helped by low claims for losses. The reinsurer said net profit was around 2.1 billion euros ($2.45 billion) in the second quarter, above a consensus forecast of 1.62 billion euros and 30% above the 1.62 billion …

Munich Re posts Q2 profit of 2.1 billion euros, above expectations Read More »

(Reuters) -Financial software provider SS&C Technologies said on Monday it will acquire Carlyle’s British fund network and data business Calastone for about 766 million pounds ($1.03 billion). The Windsor, Connecticut-headquartered SS&C plans to fund the purchase with a combination of debt and cash on hand, it said in a statement. Reuters, in January, reported that …

SS&C to buy Carlyle’s British fund network Calastone for about $1 billion Read More »

By Yamini Kalia and Yadarisa Shabong (Reuters) -BP named outsider Albert Manifold, the former boss of building materials producer CRH, as its new chairman on Monday, as it grapples with a major strategy reversal in an attempt to turn around a weak share performance. Manifold, who has not previously held a senior position in the …

BP names outsider Albert Manifold as chairman as investors push for turnaround Read More »

By Christian Kraemer and Klaus Lauer BERLIN (Reuters) -A cut in Germany’s air traffic tax will not be prioritised in the 2026 budget, a government source said on Monday, pushing back against a media report that raised hopes in the aviation industry of a reduction next year. International airlines have long complained that flying to …

Aviation tax cut not a priority in 2026 budget, German government source says Read More »

PARIS (Reuters) -Canadian investment fund La Caisse will join up with Britain’s Amber Infrastructure to become the largest private investors in Britain’s Sizewell C nuclear project, French newspaper Les Echos reported on Monday. The business newspaper said that final decisions on the investment would be made on Tuesday if all went well, citing unnamed sources. …

Canada’s La Caisse, Amber Infrastructure to invest in Britain’s Sizewell C, Les Echos reports Read More »

BERLIN (Reuters) -Leading German companies including Siemens and Deutsche Bank announced a major investment initiative on Monday aimed at resuscitating investor confidence in Europe’s largest economy. The 61 companies, which have collectively pledged 631 billion euros ($734 billion) of investments by 2028, presented their “Made for Germany” initiative to German Chancellor Friedrich Merz and his …

German firms launch ‘Made for Germany’ investment initiative Read More »