A strong earnings report reveals that new CEO Greg Abel dipped into Warren Buffett’s $380 billion cash reserve to buy back stock, boost Berkshire’s stake in Alphabet, and pursue one of its biggest acquisitions in years. One weak spot: GEICO.
Since the last time I covered Fuller’s – Fuller, Smith & Turner (LSE: FSTA) – in November 2022, the shares have returned around 51% excluding dividends, outperforming the FTSE All-Share index’s 41% over the same period. The pub group has not been immune to the headwinds facing the wider hospitality sector, but its robust balance…
At least 999 people have died from the Ebola outbreak in Congo, according to official data published overnight into Wednesday, a grim toll in what’s already been declared the fastest Ebola outbreak in history that is further complicated as some health workers have gone on strike. The latest update from Congo’s Ministry of Health shows that as of…
Barclays’ liquidity coverage ratio (LCR) fell to its lowest level in three years as an increase in modelled stressed cash outflows outweighed broadly stable holdings of high-quality liquid assets (HQLAs). The bank’s average LCR was 157.7% in the second quarter, down 7.7 percentage points from 165.4% in Q1 and its lowest since Q2 2023. The…
Over the years, I’ve worked closely with businesses across Nigeria—trading companies, cross-border operators, and suppliers trying to connect into global supply chains. The thing that struck me most wasn’t the complexity of the regulations, the volatility of the naira, or even the fragmentation across the continent. It was something much simpler: money kept arriving at…
To make the pitch land, the scammers lean on UBP’s name, its logo, and the identities of people falsely presented as UBP employees. They send documents dressed up to look official – account statements, transfer confirmations, payment notices – often carrying the institution’s branding. UBP has confirmed it has no connection to the activity, does…
A memory came to me this morning while I was walking the dog, a memory of those days when I was fresh out of college and just beginning to work for my father at the box factory. A salesman had come knocking on our door. This was strange since the box factory was (and still…