NFI Group’s backlog shrank 10.6% as earnings surged. How can both be true?
NFI's backlog shrank, but firm orders grew, margins improved and guidance rose. Here is what the option decline means for NFI stock.
Shell plc (LSE: SHEL) blocked from Wild Coast exploration as South Africa faces investment test
South Africa’s Constitutional Court has blocked Shell’s Wild Coast exploration route, raising a broader question over offshore investment, consultation and regulatory certainty.
Swissquote (SIX: SQN) near 52-week low as crypto income falls 66%
Swissquote cut 2026 guidance after crypto income fell 66%. Can record client assets and non-crypto growth support an SQN recovery?
Aviva plc’s £350m buyback reversed only 15% of the Direct Line shares it issued
Aviva plc issued about 378 million shares to help fund Direct Line and has since repurchased 56.7 million. The buyback has reversed only around 15% of that issuance, helping explain why H1 profit growth remains much stronger than per-share growth.
Indiana flooding kills six as White River breaks century-old records and hundreds flee homes
At least six people have died as historic flooding spreads across Indiana after days of severe Midwest storms, forcing hundreds from their homes, triggering water rescues and pushing sections of the White River beyond records dating to 1913.
Cenergy’ €1.5bn Corinth-Kos win takes its IPTO exposure to €2.65bn
Hellenic Cables has secured €2.65 billion of major work from Greece’s Independent Power Transmission Operator since late June. On a pro forma basis, those two awards could represent about 49% of Cenergy Holdings’ enlarged group backlog and 54% of cable backlog.
Hurricane Lala bears down on Hawaii’s Big Island as airports close and 20 inches of rain threatens floods
Hurricane Lala strengthened to Category 1 intensity as it approached Hawaii’s Big Island, forcing Hilo and Kona airport closures and shutting commercial ports. Authorities are warning of hurricane-force winds, flash floods, landslides, dangerous surf and localized rainfall approaching 20 inches as the storm moves across the Hawaiian Islands.
Lake Kariba ferry death toll reaches 68 as 18 children die in Zimbabwe’s overloaded boat disaster
Zimbabwe’s Lake Kariba ferry disaster has become substantially deadlier after rescuers recovered another 22 bodies, taking the confirmed toll to 68. Eighteen children are among the dead, while authorities are still trying to establish exactly how many people were aboard a government-operated vessel designed for only 90 passengers.
Traxtion adds 46 locomotives and 920 wagons as South Africa opens freight rail to private capital
Traxtion is investing R3.4 billion in locomotives and wagons as South Africa, Zambia, Angola and other mineral economies open rail to private capital.
Indonesia hit by second magnitude 6.4 quake as Flores death toll reaches 47 after massive 7.7 disaster
Indonesia has been struck by another powerful earthquake, this time a deep magnitude 6.4 event in North Sumatra, as the death toll from the magnitude 7.7 Flores disaster rises to 47. Rescue teams are still struggling to reach some communities, while BMKG has recorded 235 aftershocks and says seismic activity around Flores could take weeks to subside.