investment-portfolios
Top StoriesBritish Funds Tell Texas: Emission-Cut Vows Matter for Our Reputation
Top StoriesFinnish Utility Fortum Plans to Quit Russia
Top StoriesUkraine Keeps up Counterattack to North of Kharkiv, Britain Says
Top StoriesBank of Spain Sees Moderate Immediate Risk to Banks From Climate Policies
Three Big Asset Managers File Joint Climate Resolutions at J-Power
Date: May 11, 2022
By Makiko Yamazaki TOKYO (Reuters) – Three European asset managers, including the largest, Amundi, said on Wednesday they had jointly filed climate-change resolutions at Japanese electricity generator Electric Power Development Co Ltd, known as J-Power. In what they say are the first climate-related proposals by an institutional investor group to a Japanese firm, Amundi, hedge...
Travel Demand Helps Fraport’s Q1 Sales but War Hurts Profits
Date: May 10, 2022
FRANKFURT (Reuters) – Germany airport operator Fraport reported better-than-expected sales on Tuesday as travel demand boomed in the first quarter, but it posted lower-than-expected profits after a writedown related to its St. Petersburg subsidiary. Fraport said its earnings before interests, taxes, depreciation and amortisation (EBITDA) rose 75% to 70.7 million euros ($74.77 million), below the...
Munich Re Posts 3% Rise in Q1 Profit, Writes Down Russian and Ukraine Bonds
Date: May 10, 2022
FRANKFURT (Reuters) – Munich Re on Tuesday posted a 3% rise in net profit for the first quarter, weighed down by a drop in its investment result after it made writedowns on Russian and Ukrainian bonds. The German reinsurer said that it was sticking to its profit guidance for the full year though it warned...
Verbund Buys Portfolio of Spanish Renewable Assets
Date: May 9, 2022
MADRID (Reuters) – Austrian hydropower utility Verbund said on Monday it had acquired a portfolio of renewable energy assets in Spain from local private equity fund Q-Energy for an undisclosed sum. The assets include operating photovoltaic power plants with a combined capacity of 82 megawatts (MW) and projects planned to have an eventual capacity of...
Stocks Suffer Renewed Slide on Growth Fears, Dollar Extends Rally
Date: May 9, 2022
By Tommy Wilkes LONDON (Reuters) – Stocks fell heavily again on Monday and the dollar rocketed to a new two-decade high as worries about higher interest rates and a tightened lockdown in Shanghai deepened investors’ fears that the global economy is rapidly heading for a slowdown. After a bruising session on Friday in which U.S....
SoftBank Seen Posting Bruising Vision Fund Loss on Tech Sell-Off
Date: May 9, 2022
By Sam Nussey TOKYO (Reuters) – Japan’s SoftBank Group Corp is set to report a bruising loss at its Vision Fund investment unit on Thursday, analysts said, after investors sold off the high-growth stocks favoured by the fund with questions about their earnings potential. With the technology investor poised to post full-year earnings, comments from...