Allianz expects double-digit profit growth

Article Abstract:

Allianz AG, Europe's largest insurer, predicts a rise in its net profit for 1998 following the 16% hike of its premium income in the first half of the year. The German insurer posted 51.8 billion marks ($30.59 billion) of premium income for the first six months of 1998, an increase from the 44.5 billion marks recorded in 1997. Allianz noted that 6.3 billion marks of the total premium income came from AGF group companies that it acquired in December 1997. Allianz expects that the continuing growth of its premium income will push its net profit to record double-digit growths in 1998.

Comment:

Predicts a rise in its net profit for 1998 following the 16% hike of its premium income in the first half of the year

Sales, profits & dividends, Forecasts, trends, outlooks, Insurance, Insurance Carriers and Related Activities, Allianz Aktiengesellschaft Holding

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Deutsche Boerse set to reduce stock holidays

Article Abstract:

Deutsche Boerse AG, the operator of the stock and derivatives exchanges in Germany, is set to slash the number of market holidays to two beginning in 1999 from the current 10. The move is part of a radical change in its schedule to meet the needs of international investors. The plan was unveiled after Deutsche Boerse announced it is looking into possibilities of common business opportunities with the Nasdaq Stock Market. Deutsche Boerse recently unveiled its plans to revamp its Xetra electronic trading system in 1999.

Comment:

Is set to slash the number of market holidays to 2 beginning in 1999 from the current 10

Securities and Commodity Exchanges, Strategy & planning, Misc Stock Exchanges, Stock exchanges, Deutsche Borse AG

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