QBE has reported a 37% slide in half-year earnings to $US477 million and cut its dividend by half, from 40 to 20 cents per share

Livewire News

Livewire

QBE has reported a 37% slide in half-year earnings to $US477 million and cut its dividend by half, from 40 to 20 cents per share. Investors dumped the stock sending it down almost 9% at the open of trade, whilst still down over 5% at 11am AEST. Consensus had been earnings of $US696 million and a dividend of 23 cents per share. The company blamed the poor result on a big turnaround in its investment earnings, especially from fixed income and troubles with its US operations.


2 topics

Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.