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Lockheed Martin’s $24.3bn Saudi F-35 opportunity moves to Congress
The State Department approval covers 48 stealth fighters, 49 Pratt & Whitney engines and extensive support, but congressional scrutiny and Israel’s military edge remain decisive conditions.
Curtiss-Wright names Kevin Rayment CEO as $4.5bn backlog sets up next growth phase
Curtiss-Wright has named Chief Operating Officer Kevin Rayment as its next CEO, handing him a 9,100-person engineering group with record backlog, rising margins and growing exposure to defense, aerospace and nuclear markets.
Will competition scrutiny change the colour of AkzoNobel and Axalta’s $25bn merger?
Britain’s Competition and Markets Authority has opened a Phase 1 review of the proposed AkzoNobel-Axalta combination, with an initial decision due by November 11. The inquiry puts product overlap, customer choice and the companies’ $600 million synergy plan under a sharper regulatory lens.
Why Société Générale is cutting costs again after record €3.5bn first-half profit
Société Générale is preparing further workforce reductions through natural attrition and greater use of artificial intelligence as CEO Slawomir Krupa targets a cost base below €16.3 billion, a sub-55% cost-to-income ratio and substantially higher profitability by 2029.
UBS capital showdown intensifies as Swiss lawmakers weigh a $20bn resilience bill
Switzerland’s upper house is preparing to vote on how UBS should capitalise its foreign subsidiaries, with rival proposals ranging from a hybrid AT1 solution to near-full common-equity backing. The decision could reshape the bank’s returns, shareholder distributions and commitment to its home market.
Ingenia rejects Warburg Pincus A$2.06bn takeover as Peet deal becomes battleground
Ingenia Communities Group has rejected Warburg Pincus’s improved A$5.05-per-security cash proposal, keeping its planned acquisition of Peet at the centre of an increasingly complex Australian property takeover contest.
Why Smith Micro brought Bill Smith back as losses shrink but liquidity risk remains
Smith Micro Software has returned founder Bill Smith to the chief executive role less than six months after completing a planned succession, putting the 44-year company back under its original leader as lower costs, new SafePath contracts and continuing liquidity pressure collide.
Abacus Group (ASX: ABG) exits Storage King stake for A$284.8m as gearing falls toward 30%
Abacus Group has agreed to sell its entire 19.6% holding in Storage King Group for A$284.8 million, sacrificing some net tangible asset value in exchange for lower leverage and a cleaner focus on Australian commercial property.
Perpetual rejects EQT’s A$22.50 final takeover offer and ends talks
Perpetual Limited has rejected EQT AB’s best-and-final A$22.50-per-share takeover proposal despite an added dividend concession, shifting attention back to the Bain Capital wealth sale and the value of its remaining asset-management and corporate-trust businesses.
Conifex Timber surges 38.9% after securing C$30m federal tariff loan
Conifex Timber Inc. shares surged after a C$30 million federal loan eased immediate liquidity concerns at the British Columbia lumber producer, but high debt, operating losses and softwood-lumber trade pressure remain central investor risks.