World Profit at Buffett’s Berkshire Hathaway soars as insurance arm booms – City A.M.

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Profit at US tycoon Warren Buffett’s firm Berkshire Hathaway surged 67 per cent in the second quarter as its insurance business made a strong turnaround.

Operating profit for the quarter rose to $6.9bn (£5.3bn) from $4.1bn for the same period last year. Net income nearly tripled, rising to …

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