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Finnish insurer Sampo tops Q2 profit forecasts driven by main P&C unit

UPDATE 3-Finnish insurer Sampo tops Q2 profit forecasts driven by main P&C unit Updates share move, adds comment on claims in paragraph 2, analyst comments in paragraphs 6-7 Aug 7 (Reuters) - Finnish insurer Sampo SAMPO.HE posted a surprise 22% jump in its second quarter pre-tax profit on Wednesday, boosted by strong premium growth at its main property and casualty (P&C) business If, and despite a higher number of large claims.
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End of tax loophole risks dimming Shein's IPO appeal, investors say

ANALYSIS-End of tax loophole risks dimming Shein's IPO appeal, investors say By Helen Reid LONDON, July 26 (Reuters) - Moves by authorities in the European Union and elsewhere to end tax breaks for low-value parcels threaten Shein's profitability and risk denting the fast fashion retailer's long-term attractiveness ahead of its planned stock market debut, investors who focus on the sector said.
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Some investors demand change at LVMH after probe into Dior contractors

RPT-EXCLUSIVE-Some investors demand change at LVMH after probe into Dior contractors Repeats the story first published on Tuesday, July 23 with a digital headline By Helen Reid, Mimosa Spencer LONDON/PARIS July 23 (Reuters) - Europe's top asset manager Amundi and other LVMH LVMH.PA investors want the $370 billion luxury behemoth controlled by billionaire Bernard Arnault to take more aggressive steps to monitor its suppliers' treatment of workers after Italian prosecutors disclosed alleged sweats
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Some investors demand change at LVMH after probe into Dior contractors

EXCLUSIVE-Some investors demand change at LVMH after probe into Dior contractors By Helen Reid and Mimosa Spencer LONDON/PARIS July 23 (Reuters) - Europe's top asset manager Amundi and other LVMH LVMH.PA investors want the $370 billion luxury behemoth controlled by billionaire Bernard Arnault to take more aggressive steps to monitor its suppliers' treatment of workers after Italian prosecutors disclosed alleged sweatshop-like conditions at subcontractors for high-end brand Dior, three investors
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Gjensidige on track for worst day in 1 yr after earnings miss

BUZZ-Gjensidige on track for worst day in 1 yr after earnings miss ** Shares in Gjensidige Forsikring GJFG.OL fall around 7% to one-month low after the Norwegian insurer Q2 earnings missed expectations ** Insurance Service Result of NOK 1.43 billion ($132.6 million) was 19% below company-compiled consensus and profit after tax was about 10% below *
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Storebrand Says Claims Rate In P&C Insurance Is Still Too High

BRIEF-Storebrand Says Claims Rate In P&C Insurance Is Still Too High July 12 (Reuters) - Storebrand ASA STB.OL : FINANCIAL RESULT BOOSTED BY GAIN RELATED TO SALE OF SHARES IN STOREBRAND HEALTH INSURANCE INSURANCE BUSINESS IS ON RIGHT TRACK, BUT CLAIMS RATE IN P&C INSURANCE IS STILL TOO HIGH. CONTINUING TO WORK TOWARDS ACHIEVING TARGET OF A 90-92 PE
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Europe's STOXX 600 corporate earnings week ahead

DIARY-Europe's STOXX 600 corporate earnings week ahead July 5 (Reuters) - Diary of Europe's STOXX 600 (.STOXX) corporate earnings for the week ahead EUROPE'S STOXX 600 EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 08-Jul-2024 NTS INDUa.ST Industrivarden AB Q2 2024 Industrivarden AB Earnings Release 08-Jul-2024 05:30 WIHL.ST Wihlborgs Fastigheter AB Q2 2024 Wihlborgs Fastigheter AB Earnings Release 09-Jul-2024 06:00 KINVb.ST Kinnevik AB Q2 2024 Kinnevik AB Earnings Release 10-J
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Nordic corporate earnings week ahead

DIARY-Nordic corporate earnings week ahead July 5 (Reuters) - Diary of Nordic (OMXS30-SK, OBX-OS, OMXHPI-HE, OMXC20) corporate earnings for the week ahead NORDIC EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 10-Jul-2024 NTS KOG.OL Kongsberg Gruppen ASA Half Year 2024 Kongsberg Gruppen ASA Earnings Release 11-Jul-2024 NTS DNB.OL Dnb Bank ASA Q2 2024 DNB Bank ASA Earnings Release 12-Jul-2024 NTS STB.OL Storebrand ASA Q2 2024 Storebrand ASA Earnings Release 12-Jul-2024 NTS AKRBP.
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Storebrand Increases Ownership In Danish AIP Management To 60%

BRIEF-Storebrand Increases Ownership In Danish AIP Management To 60% June 26 (Reuters) - Storebrand ASA STB.OL : STOREBRAND ASA: INCREASES OWNERSHIP IN DANISH INFRASTRUCTURE FUND MANAGER AIP MANAGEMENT HAS ENTERED INTO AN AGREEMENT TO ACQUIRE AN ADDITIONAL 50% OF SHARES IN DANISH INFRASTRUCTURE FUND MANAGER AIP MANAGEMENT P/S TO REACH A DIRECT OWNE
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Investors join forces to push for policy action on nature loss

UPDATE 2-Investors join forces to push for policy action on nature loss 'Spring' initiative backed by 200 investors with $15 trillion To focus on policy engagement around critical ecosystems Focus companies include L'Oreal, Toyota Adds response from L'Oreal in paragraph 8 By Simon Jessop LONDON, June 26 (Reuters) - A group of more than 200 investors on Wednesday backed a plan to start talks with 60 companies over biodiversity, focusing on those active in countries with ecosystems at risk of fore
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Investors join forces to push for policy action on nature loss

Investors join forces to push for policy action on nature loss 'Spring' initiative backed by 200 investors with $15 trillion To focus on policy engagement around critical ecosystems Focus companies include L'Oreal, Toyota By Simon Jessop LONDON, June 26 (Reuters) - A group of more than 200 investors on Wednesday backed a plan to start talks with 60 companies over biodiversity, focusing on those active in countries with ecosystems at risk of forest loss and land degradation.
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Storebrand Acquires 100% Of Shares In Lysaker Park Eiendom

BRIEF-Storebrand Acquires 100% Of Shares In Lysaker Park Eiendom June 21 (Reuters) - Storebrand ASA STB.OL : HEADQUARTER TRANSACTION CLOSED HAS NOW ACQUIRED 100% OF SHARES IN LYSAKER PARK EIENDOM AS AND TRANSACTION HAS BEEN CLOSED TODAY GROSS PROPERTY VALUE AMOUNTS TO APPROX. NOK 1.7 BILLION Source text for Eikon: ID:nWkr3cJ7nZ Further company cove
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Storebrand Completes Bond Issue

BRIEF-Storebrand Completes Bond Issue June 11 (Reuters) - Storebrand ASA STB.OL : HAS TODAY ISSUED A NEW NOK 500 MILLION 5-YEAR BOND ISSUE WITH FLOATING RATE COUPON OF 3 MONTHS NIBOR +0.92% P.A Source text for Eikon: ID:nObi7VblJa Further company coverage: STB.OL (Gdansk Newsroom)
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BNP Paribas AM, other investors call for improved data on world's oceans

BNP Paribas AM, other investors call for improved data on world's oceans LONDON, June 7 (Reuters) - More detailed information about the world's oceans, including deep-sea fishing and supply-chain sourcing, is needed to help companies make investments that can help to protect biodiversity, a group of financial services firms said on Friday. Leading investors BNP Paribas Asset Management, Federated Hermes Limited, Robeco, Mirova and Storebrand Asset Management highlighted data gaps in sectors from
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Storebrand Gets Acceptance On Bid To Acquire Lysaker Park Eiendom

BRIEF-Storebrand Gets Acceptance On Bid To Acquire Lysaker Park Eiendom May 31 (Reuters) - Storebrand ASA STB.OL : HAS RECEIVED ACCEPTANCE ON ITS BID TO ACQUIRE 100% OF SHARES IN COMPANY LYSAKER PARK EIENDOM AS TRANSACTION IS PENDING DUE DILIGENCE, COMPLETION OF SHARE PURCHASE AGREEMENT AND BOARD APPROVAL Source text for Eikon: ID:nWkrV0pbm Further
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