Higher financial income drives Colombia’s Grupo SURA to 30.3% jump in Q2 profits

The Grupo Sura logo can be seen at its headquarters in Medellin, Colombia February 27, 2018. REUTERS/Fredy Builes Register now for FREE unlimited access to Reuters.com Register Aug 12 (Reuters) – Net profit at Grupo SURA, Colombia’s largest investment company, rose 30.3% in the second quarter from the year-earlier period, boosted by higher financial income … Read more

Explainer: Britain and regulators square up over post-Brexit financial reform

LONDON, Aug 11 (Reuters) – Britain’s government proposed a far-reaching financial services law last month to exploit “freedoms” to write its own capital market rules since leaving the European Union. Approval of what is the biggest market reform in two decades is expected by May 2023. Liz Truss, the front-runner to become Britain’s next prime … Read more

Truss backs powers to override financial watchdogs, says FT

Conservative leadership candidate Liz Truss attends a hustings event, part of the Conservative Party leadership campaign, in Darlington, Britain August 9, 2022. REUTERS/Scott Heppell Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 10 (Reuters) – Liz Truss, the front-runner to become Britain’s next prime minister, will give ministers powers to override financial … Read more

Macquarie nearing $2.5 billion deal for Suez’s UK waste business, Bloomberg reports

The logo of Australia’s biggest investment bank Macquarie Group Ltd adorns a desk in the reception area of ​​its Sydney office headquarters in Australia, Oct. 28, 2016. REUTERS/David Gray/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 7 (Reuters) – French waste and water management company Veolia Environnement SA is nearing a … Read more

Berkshire CEO-designate Abel sells stake in energy company he led for $870 million

Gregory Abel, the CEO of Berkshire Hathaway Energy and who is designated to succeed Warren Buffett as Berkshire CEO, walks through the crowd at the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, US April 29, 2022. REUTERS/Scott Morgan Register now for FREE unlimited access to Reuters.com Register Aug 6 … Read more

Liz Truss to set out economic plans to finance sector in bid to lead Britain

LONDON, Aug 4 (Reuters) – Liz Truss, front-runner to be Britain’s next prime minister, will set out her economic plans to finance sector officials on Friday, including scrapping legacy EU laws by the end of 2023. Foreign Minister Truss is up against former finance minister Rishi Sunak to win the votes of 200,000 members of … Read more

CVS Health lifts forecast as insurance business, COVID tests boost Q2 profit

CVS Health logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 3 (Reuters) – CVS Health Corp (CVS.N) on Wednesday raised its annual profit forecast after strength in its insurance business and sales of COVID-19 over-the-counter test kits helped boost quarterly … Read more

UK financial watchdog tightens rules used by Greensill Capital

The Bank of England and the City of London financial district in London, Britain, November 5, 2020. REUTERS/John Sibley/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 3 (Reuters) – Britain’s financial watchdog tightened its rules on Wednesday for a business model used by thousands of companies, including collapsed supply chain … Read more

Big Tech in finance? There’s a regulator for that

The logo for Amazon Web Services (AWS) is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 1 (Reuters Breakingviews) – Technology companies have stormed the heights of consumer finance, but they don’t face the regulation … Read more

Italy’s Mediobanca beats estimates in Q4 despite market headwinds

A logo of Mediobanca is pictured at Mediobanca headquarters in Milan, Italy, November 12, 2019. REUTERS/Flavio Lo Scalzo/File Photo Register now for FREE unlimited access to Reuters.com Register MILAN, July 29 (Reuters) – Italian financial services group Mediobanca (MDBI.MI) beat estimates with its quarterly results despite an adverse macroeconomic scenario and market turmoil, it said … Read more