investment-managers
Top StoriesChina’s sinopec intends to de-list ADSs from London stock exchange
Top StoriesM&G appoints former head of AXA investment managers andrea rossi as new CEO
Top StoriesColumbia threadneedle, mercer warned BoE on gilts
Top StoriesAnalysis-U.S. retail traders pile back into options as meme-stock mania flares
Interview with the CEO of Glue42, the forerunner in desktop integration
Date: August 12, 2022
As the winner of Global Banking & Finance Review’s award for Excellence in Innovation – Wealth Management Software Solutions North America in 2022, Glue42 continues to exploit new technologies and industry standards in pursuit of simplifying user journeys across desktop applications and improving business outcomes. The software services provider is based in London, New York...
HSBC oversold risks of $35 billion asia spin-off, investor ping an thinks – source
Date: August 11, 2022
By Selena Li, Lawrence White and Anshuman Daga HONG KONG/LONDON (Reuters) – HSBC overstated the risks of spinning off its Asia unit when it rebuffed such a proposal by shareholder Ping An Insurance Group, a source familiar with the Chinese insurer’s thinking said, adding the move could unlock up to $35 billion in value. HSBC,...
Glencore shareholders get $4.5 billion windfall as coal prices soar
Date: August 4, 2022
By Clara Denina and Muhammed Husain LONDON (Reuters) – Shareholders in Glencore reaped a multi-billion dollar windfall on Thursday, as the company’s adherence to thermal coal mining at a time of soaring prices of the material generated record profits for the mining and commodity trading group. Unlike rivals which bowed to investor pressure to exit...
Austria’s RBI sees big profit gains in Russia and belarus
Date: August 2, 2022
By Alexandra Schwarz-Goerlich and Tom Sims VIENNA (Reuters) – The Russian and Belarusian operations of Raiffeisen Bank International (RBI) posted the sharpest gains in profit among its subsidiaries in the first half, figures on Tuesday showed, even as the Austrian bank weighs a possible withdrawal from the region. The profitability of the Russian operations complicates...
Buyback disappointment takes shine off TotalEnergies’ Q2 profits
Date: July 28, 2022
PARIS (Reuters) -TotalEnergies posted a surge in second-quarter profits, joining others in its sector that have benefited from higher energy prices, although its shares fell as its stock buyback plans disappointed some analysts and investors. Adjusted net income nearly trebled from a year ago to $9.8 billion, as the company cashed in on a rise...
Spanish airport group aena back in black despite energy costs
Date: July 27, 2022
MADRID (Reuters) -Spanish airport operator Aena returned to profit in the first half of this year after pandemic-related travel restrictions plunged it into the red for two years, though soaring energy costs hampered the recovery. The company made a net profit of 164 million euros ($166 million) in the period compared with a net loss...