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Finance & Markets

Old Mutual Posts First Profit Drop Since 2022 as War Hits Gains

Profit at Old Mutual declined for the first time since 2022 as risk-off sentiment from conflicts in the Middle East curbed investment returns at the Africa’s biggest insurer by assets.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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More in Finance & Markets

Gold edges back toward recent highs, lifting Dubai rates

Dubai: Gold prices in Dubai moved higher again on Tuesday morning, taking the 24-karat rate to Dh534.50 per gram and pushing 22-karat gold back to Dh495. The 24K rate was up Dh3.75 from Dh530.75 on Monday, while 22K gained Dh3.50 from Dh491.50, adding to a month that has already seen sizeable swings in local jewellery prices. Get…

South Korean shares hit three-week high as chipmakers gain

SEOUL: Round-up of South Korean financial markets: South Korean shares rose nearly 2% on Tuesday to their highest level in three weeks, led by gains in heavyweight chipmakers. The benchmark KOSPI was up 133.95 points, or 1.91%, at 7,129.34, as of 0217 GMT, extending gains to a fourth consecutive session and hitting the highest intraday…

Meet the London fintech betting that NGN-to-GBP payments shouldn’t take three days

A Nigerian company needs to pay a UK supplier. The invoice is due Friday. The bank says the transfer will “typically” clear in 2-3 business days. It’s Wednesday. For a business moving money between Nigeria and the UK, that can mean waiting until next week for funds to arrive.

  • TranzyPay can settle NGN-to-GBP payments within a day.
  • Company is UK-registered and FCA-authorized.
  • £7.6 billion in trade between UK and Nigeria in Q1 2025.

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