Allied Completes Acquisition of Ownership Interest in 400 West Georgia and Increased Ownership Interest in 19 Duncan

Associated Press Finance
Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple
Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encourages investors to pay more attention to the conglomerate’s operating earnings that exclude the investment figures.
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Reuters
Westpac raises share buyback by $661 million even as costs and competition bite
(Reuters) -Australian bank Westpac raised its share repurchase programme by A$1 billion ($661 million) and declared a special dividend on Monday citing a strong balance sheet, even as its first-half profit fell 16% on tight competition and high costs. Traditionally beneficiaries of rising interest rates, the country's so-called Big Four lenders have spent the past year sacrificing margins to write new home loans and paying more to depositors, narrowing their closely watched "net interest margin". Westpac's net interest margin slipped to 1.89%, down 7 basis points from a year earlier, while net interest income remained largely flat at A$9.13 billion.
GOBankingRates
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Simply Wall St.
National Australia Bank (ASX:NAB) Is Due To Pay A Dividend Of A$0.84
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Bloomberg
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Insider Monkey
CBRE Group, Inc. (NYSE:CBRE) Q1 2024 Earnings Call Transcript
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Reuters
Berkshire shareholders reject climate, diversity, China proposals
Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals addressing environmental and social policy issues at Warren Buffett's conglomerate, all of which the billionaire investor and his board opposed. By margins of more than 4-to-1, shareholders at Berkshire's annual meeting voted against two proposals that the company's insurance and energy operations disclose more about their efforts to address climate change including greenhouse gas emissions. They also turned down a proposal for more disclosure about efforts to promote diversity, equity and inclusion in the workplace.
Fortune
Warren Buffett warns on AI, teases succession, and hints at possible investment during Berkshire Hathaway’s annual meeting
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GOBankingRates
I Manage Money For Millionaires: 3 Things Wealthy Americans Never Spend Their Money On — and Two Things They Shouldn’t
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Bloomberg
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Banks Illegally Shorted $156 Million of Stocks, South Korea Probe Finds
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Associated Press Finance
Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions
This year's Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone, but Buffett said for the first time Saturday that Greg Abel should also take responsibility for the company's investments after he takes over, raising new questions about the succession plan. Abel put his encyclopedic knowledge of the utility business that he led directly for years on display and delved into railroad operations and potential acquisitions that Berkshire pursued while sharing the stage with Buffett all day. Abel pointed out that it required a major culture shift to get workers at PacifiCorp and the other utilities, who have long focused all their energy on keeping the lights on, to think about shutting the power down at times when the risk that their power lines could spark wildfires is too great.
Simply Wall St.
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Reuters
MORNING BID EUROPE-Back on the rate cut track
European markets will be waking up to a fairly quiet session with London closed for a holiday and little on the economic calendar to stand in the way of the latest rate-cut rally. Investors will be hoping the rise in risk appetite following Federal Reserve Chair Jerome Powell's relatively dovish steer on the U.S. interest rate outlook continues this week, after Wall Street and the MSCI World index hit three-week highs on Friday. The MSCI Asia ex-Japan index on Monday climbed to its highest since February 2023 while mainland stocks in China got off to a solid start after returning from the extended Labour Day break, in a sign that fragile investor sentiment is finally turning.

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Allied Completes Acquisition of Ownership Interest in 400 West Georgia and Increased Ownership Interest in 19 Duncan

Latest stories

Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple

Former RBA governor's bleak interest rate rise prediction

Arnold Schwarzenegger reveals how he made millions before becoming a movie star — and it wasn’t from bodybuilding

Westpac raises share buyback by $661 million even as costs and competition bite

8 Purchases Boomers Should Never Make During Retirement

‘Call us’: Major bank’s plea to homeowners

National Australia Bank (ASX:NAB) Is Due To Pay A Dividend Of A$0.84

Is BlueScope Steel Limited (ASX:BSL) Trading At A 38% Discount?

Hedge Funds’ Options Bets Hand Green Investors a Path to Predicting Returns

CBRE Group, Inc. (NYSE:CBRE) Q1 2024 Earnings Call Transcript

Berkshire shareholders reject climate, diversity, China proposals

Warren Buffett warns on AI, teases succession, and hints at possible investment during Berkshire Hathaway’s annual meeting

I Manage Money For Millionaires: 3 Things Wealthy Americans Never Spend Their Money On — and Two Things They Shouldn’t

Is Nexus AG (ETR:NXU) Potentially Undervalued?

Yellen Counsels Caution on Currency Intervention After Yen Surge

Chinese Shares Rise in Catchup to Global Rally: Markets Wrap

Banks Illegally Shorted $156 Million of Stocks, South Korea Probe Finds

Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions

Will Centaurus Metals (ASX:CTM) Spend Its Cash Wisely?

MORNING BID EUROPE-Back on the rate cut track