Edition:
United Kingdom

Lena Masri

Vision Fund makes $110 million bet on renewable energy storage

15 Aug 2019

LONDON Softbank Group's Vision Fund has made its first foray into energy storage technology with a $110 million investment in Switzerland-based Energy Vault.

Admiral's first-half pretax profit up 4% despite Ogden rate hit

14 Aug 2019

LONDON British insurer Admiral on Wednesday posted a 4% rise in first-half pretax profit helped by the release of money put aside for claims written in previous years.

Lloyd's of London meets second-quarter electronic trading target

12 Aug 2019

LONDON Lloyd's of London met a second-quarter target to complete at least half of its insurance under-writing deals electronically, as part of efforts to modernize operations and save costs.

Woodford tops list of UK All Companies fund laggards - report

10 Aug 2019

LONDON Under-fire Neil Woodford leads a list of underperforming money managers two months after his flagship fund was frozen, triggering anger among investors and lawmakers.

Aviva first-half operating profit up 1%, reviews Asia business

08 Aug 2019

LONDON Britain's second largest insurer Aviva reported a forecast-beating 1% rise in first-half operating profit on Thursday, helped by a strong performance in its general business and announced a review of its Asian operations.

Corporate pension deals help lift L&G first-half operating profit by 11%

07 Aug 2019

LONDON British insurer Legal & General on Wednesday posted an 11% rise in first-half operating profit driven by an increase in corporate pension deals and inflows to its asset management unit.

Insurer RSA reviews future of London commercial business

01 Aug 2019

LONDON British insurer RSA said it was reviewing its London commercial business and could exit if it stops making money after the group as a whole eked out a 1% rise in operating profit in the first half.

Computers boost Man Group first-half assets, shares up

31 Jul 2019

LONDON British hedge fund manager Man Group  said assets rose 5% in the first half of the year, helped by performance in its computer-driven strategies, boosting fee income and sending its shares higher.

UPDATE 2-Israel to begin gas exports to Egypt within four months -minister

24 Jul 2019

* Israel to begin gas exports to Egypt in three to four months

Instructions from headquarters: Islamic State's new guerrilla manual

24 May 2019

CAIRO After losing territory, Islamic State fighters are turning to guerrilla war - and the group's newspaper is telling them exactly how to do it.

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