Urgent.News

the world's headlines, one feed

Business

Kapitalanlage: Buffetts Nachfolger geht mit neuen Investments in die Offensive

Das Konglomerat steigert seinen operativen Gewinn um 16 Prozent. Zugleich sinkt die Cash-Reserve, während die Alphabet-Beteiligung wächst.

Original German Read in English

Kapitalanlage: Buffetts Nachfolger geht mit neuen Investments in die Offensive

Frankfurt - Berkshire Hathaway's successor, Greg Abel, is aggressively investing in company stocks, increasing buybacks to $4.5 billion in the last quarter, the Omaha, Nebraska conglomerate announced on Saturday. Additionally, Abel added billions in stocks to the widely-watched portfolio. Abel assumed the CEO role in January from Warren Buffett, who led Berkshire for 60 years and continues as the board chairman.

After his first two quarters as CEO, Abel is proving he's putting his mark on the company. The stock buybacks were the largest since 2021, according to Bloomberg data, reducing cash reserves to $365.5 billion. This was down from $397 billion in the first quarter. Investors are pleased, as many have been calling for the company to invest a portion of its unusual amount of cash.

Buffett, however, had been reducing large parts of the famous stock portfolio and generating profits in recent years. He had long sought opportunities to invest the money through acquisitions or stock investments, but prices were often too high, Buffett himself admitted.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written; read the original for the full account.

Read the original at handelsblatt.com →

More in Business