Berkshire shares slip as Warren Buffett prepares to step aside as CEO
Conglomerate votes in favour of vice-chair Greg Abel’s promotion to top job next year
National/regional news and analysis
Scott Bessent Urges Investors to Bet on Trump’s Economic Plan
The Treasury secretary urged executives and entrepreneurs to look beyond the Trump administration’s trade agenda.
Ackman completes quest to launch Berkshire Hathaway lookalike
Financier assumes effective control of Howard Hughes and will shift its strategy to hunt for acquisitions
Fiscal data impressive but details suggest caution still required
The state of Greece’s public finances took prominence in the public debate when Eurostat and ELSTAT published the official data for the 2021 to 2024 period, with Greece presenting a sizable primary surplus of 11.4 billion euros, or 4.8 pct of GDP, while the general government budget was in a total surplus of 3.18 billion euros, or 1.3 pct of GDP.
Blackstone offers €200mn return guarantee to fund UK railway arch deal
Promise is similar to a controversial enticement to University of California to halt a flood of redemptions
Santander raises €7bn from Poland sale
Deal with Vienna-based Erste Group cuts exposure to country with few connections to Spanish bank’s biggest markets
European bank traders deliver best results in more than a decade
UBS, BNP Paribas, SocGen, Barclays and Deutsche Bank reported €13bn in combined first-quarter trading revenues
Polls provide PM with some comfort, spell out size of task for opposition
Recent opinion polls have provided some encouragement to Prime Minister Kyriakos Mitsotakis that he and his New Democracy party can gradually overcome the damage they suffered since the start of the year due to the fresh attention given to the Tempe issue.
Warren Buffett to step down from Berkshire Hathaway
Plus, Trump adviser struggles to calm investors, the US economy contracts, and Edvard Munch at the National Portrait Gallery
City rift opens up over the ringfencing of UK banks
Barclays CEO’s defence of regulation contrasts with calls for reform by other senior bankers
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