Browsing Category
General business news
8629 posts
General Dynamics has a $136.5bn backlog and a new CEO coming. What will Danny Deep change?
General Dynamics Corporation has chosen company veteran Danny Deep to become Chief Executive Officer on January 1, 2027, succeeding Phebe Novakovic after one of the longest current tenures among major United States defence-company leaders. Novakovic will become executive chairman, creating an unusually orderly succession as General Dynamics manages record-scale defence demand, submarine production challenges and a $136.5 billion backlog.
Workday revenue rose nearly 13%, yet hundreds of jobs are going. Is AI changing how software companies grow?
Workday, Inc. is eliminating approximately 2.5% of its workforce, primarily across product and technology teams, while continuing to recruit in selected strategic areas. California filings show 142 permanent jobs will disappear at the company’s Pleasanton headquarters, highlighting how enterprise software companies are increasingly combining revenue growth, artificial intelligence investment and workforce reductions rather than treating them as mutually exclusive.
Royal Mail is cutting 2,500 jobs while spending £500m. Can fewer managers fix Britain’s postal problem?
Royal Mail plans to eliminate up to 2,500 head-office and support positions by the end of 2027 as the postal operator simplifies management and redirects resources toward a ÂŁ500 million service-improvement programme. The restructuring, the first major workforce reset since Daniel KĹ™etĂnský’s takeover, leaves frontline delivery jobs outside the cuts but intensifies scrutiny over whether reducing overhead can repair years of service and profitability pressure.
EQT Holdings (ASX: EQT) to acquire Platinum Investment Management as trustee services expansion accelerates
EQT Holdings has agreed to acquire Platinum Investment Management Limited from L1 Group, strengthening its responsible entity services business while its own future remains the subject of competing private equity takeover proposals.
Godrej Properties (NSE: GODREJPROP) completes first Bandra Bay waterfront corridor as Mumbai redevelopment advances
Godrej Properties Limited and RC Group have completed the first public infrastructure milestone under Mumbai's Bandra Bay Beautification Initiative, opening a pedestrian corridor along LK Mehta Marg while a larger waterfront transformation involving public amenities remains planned.
Electro Optic Systems (ASX: EOS) secures A$700m counter-drone contract with major conditions
Electro Optic Systems has signed its largest contract to date for a nationwide counter-drone defence network in the Middle East, creating a substantial commercial opportunity while leaving export approvals, guarantees and working capital as important conditions.
GQG Partners (ASX: GQG) reports US$2.3bn September outflows despite positive investment returns
GQG Partners' funds under management remained broadly unchanged in September as positive investment performance offset another month of client withdrawals, taking net outflows for the first nine months of 2026 to US$26.2 billion.
GenusPlus Group (ASX: GNP) expands into New Zealand with up to NZ$65m telecoms acquisition
GenusPlus Group has agreed to acquire Universal Communications Group Holdings, adding telecommunications maintenance capabilities and exposure to Chorus while making a substantial portion of the purchase price contingent on earnings growth.
Southern Cross Electrical Engineering lifts FY27 guidance after A$112m acquisition
Southern Cross Electrical Engineering has agreed to acquire fire protection and mechanical services specialist Entire Operations, expanding its national footprint and lifting FY27 earnings guidance while tying much of the purchase price to future performance.
Cleanaway’s (ASX: CWY) A$9.4bn takeover is still alive, but why has EQT requested more time?
EQT Infrastructure has reaffirmed its proposed acquisition of Cleanaway Waste Management while extending exclusive negotiations until 19 October, leaving investors waiting for a binding agreement.