 | | | | Activist investor Cevian Capital said on Thursday that British insurer Aviva (AV.L) has made a "good start" in returning four billion pounds ($5.54 billion) to shareholders but that more needed to be done. | | | | | | Australia's AMP Ltd (AMP.AX) reported a smaller-than-expected drop in profit for the first half on Thursday, pushing up its shares even as earnings at its core wealth and funds businesses continued to deteriorate. | | | | | | Two powerful proxy advisory firms support an activist investor's proposal to overhaul the financial structure at auto service company Monro Inc (MNRO.O), according to reports seen by Reuters, paving the way for all shareholders to have a say on hot-button issues where one person now has veto power. | | | | | | A consortium led by BlackRock, the world's largest asset manager, has invested in assets managed by Abu Dhabi state fund Mubadala and in a private equity fund, Mubadala said on Wednesday. | | | | | | From container ships to cardboard, tighter environmental regulations are stoking shortages and price spikes as 'greenflation' takes a grip, adding a new twist to corporate valuations. | | | | | | Dire warnings about climate change are a call to action for investors who put their money into helping the environment. But the news also heightens a debate about how to make these strategies effective, financial executives said. | | | | | | Marathon Asset Management's long-serving president and chief operating officer, Andrew Rabinowitz, is leaving the $22 billion hedge fund and his duties will be split among a trio of firm veterans, two people familiar with the matter said. | | | | | | American International Group Inc (AIG.N) beat second-quarter profit estimates on Thursday, driven by strong performance in its general insurance and life and retirement units. | | | | | | Sun Life Financial (SLF.TO), Canada's second-largest life insurer, on Wednesday beat analysts' estimates for quarterly core profit, which rose on business and asset growth in its funds management business. | | | | | | U.S. insurer MetLife Inc (MET.N) blew past Wall Street estimates for second-quarter profit on Wednesday, as solid investment gains cushioned the hit from coronavirus-related claims. | | | | | |
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