Berkshire Hathaway Inc. (BRK.A) said on Saturday it returned to profit in the fiscal first quarter on the back of robust performance from its insurance business. The company also extended its share buyback programme by £4.78 billion. The U.S. firm generated £46.76 billion of revenue in Q1. According to Refinitiv, experts had forecast a lower £46.08 billion of revenue instead. Equity investments in the recent quarter stood at £2.03 billion. Berkshire Hathaway Class A shares are currently about 20% up year to date in the stock market. Berkshire’s insurance-underwriting business reports £553 million of operating earnings Are you looking for fast-news, hot-tips and readmore
Credit Suisse Group AG (ETR: CSX) said on Thursday its net loss in the first quarter came in at £198.40 million, attributed to a roughly £3.41 billion hit from the recent Archegos scandal that more than offset robust performance at its investment banking and wealth management segments. Credit Suisse shares closed the regular session about 1% up on Thursday. The stock is now trading at a per-share price of £7.24. Learn more about the stock market volatility Credit Suisse slashed the proposed dividend and waived 2020 bonuses Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Following the scandal, readmore
Saga plc (LON: SAGA) said on Wednesday that its pre-tax loss narrowed significantly in fiscal 2021, attributed to lower costs. The announcement was particularly exciting as the ongoing COVID-19 crisis weighed heavily on the company’s revenue in the recent year. The Coronavirus pandemic has so far infected more than 4.3 million people in the United Kingdom and caused over 126 thousand deaths. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Saga plc shares that you can learn to buy online here jumped roughly 3% in premarket trading on Wednesday and gained another 8% on market open. Including readmore
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