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Why Truist named Michael Lyons CEO as quarterly EPS jumps 37%
Michael Lyons has taken over as Truist Financial CEO from Bill Rogers, bringing more than three decades of financial-services and fintech experience to a bank that just generated $1.5 billion of quarterly profit, lifted EPS 37% and reached a 15.4% return on tangible common equity.
Bodycote’s aerospace revenue is accelerating just as Veritas takes the company private for £1.85bn
Veritas Capital has beaten CVC to secure Bodycote’s board backing with a £1.85 billion enterprise-value offer. The price is roughly 10 times 2025 adjusted EBITDA and comes as aerospace and defence revenue accelerates, turning the take-private into another test of whether London-listed industrial companies are being acquired before their strategic improvement is fully reflected in public valuations.
Why Søren Steenberg Jensen takes over Hafnia after profit surges to $277.8m
Søren Steenberg Jensen has taken over as Hafnia CEO from company-building chief Mikael Skov, inheriting one of the world’s largest product-tanker platforms after quarterly profit surged from $75.3 million to $277.8 million and the board approved a 90% dividend payout.
AML3D revenue jumps 70% as AUKUS orders push FY27 backlog to A$16.8m
AML3D Limited reported record FY26 revenue of A$12.5 million and its first profitable half-year as demand for its ARCEMY metal additive-manufacturing systems expanded across United States defence supply chains. It enters FY27 with A$16.8 million of contracted work and a A$78 million sales pipeline.
PLD Space takes Series C to €288m as MIURA 5 industrialisation accelerates
PLD Space has extended its Series C to €288 million only days after securing a €158.9 million ESA contract. Together with €30 million of EIB venture debt, the Spanish launcher company has assembled roughly €476.9 million of financing and institutional contract support in 2026. The harder stage now begins as MIURA 5 moves from industrialisation toward its first orbital flights and a long-term target of more than 30 launches a year.
Partners Group names Roberto Cagnati and Juri Jenkner co-CEOs after 13% profit drop
Partners Group will replace CEO David Layton with longtime executives Roberto Cagnati and Juri Jenkner from January 2027 after first-half profit fell 13%, performance income dropped 39% and redemption pressure intensified across parts of its evergreen private-markets platform.
Why CVC appointed John Hourican CFO as fee-paying assets reach €153bn
CVC Capital Partners has appointed former Bank of Cyprus and NewDay CEO John Hourican as CFO and board member, replacing Fred Watt after almost 20 years as the listed private-markets group reports €153 billion of fee-paying assets, €434 million of first-half profit and record realisations.
Laurentian Bank (TSX: LB) Q3 profit collapses 96% as Fairstone transaction costs bite
Laurentian Bank of Canada reported just C$1.5 million of third-quarter net income as restructuring and transaction charges accelerated ahead of its planned sale to Fairstone Bank of Canada. Adjusted profit also weakened, while provisions for credit losses more than doubled.
GenusPlus (ASX: GNP) starts A$750m TasNetworks build as construction runs through 2029
GenusPlus Group has received the formal notice to proceed on construction of TasNetworks’ North West Transmission Developments Stage 1 project, converting a staged engagement into a roughly A$750 million multi-year construction program running through 2029.
Ashley Services (ASX: ASH) lifts EBITDA 70% as logistics acquisition expands growth base
Ashley Services Group delivered record A$602.2 million revenue and nearly tripled net profit in FY26, prompting a 16.7% share-price gain. The bigger FY27 catalyst may be a newly acquired labour-hire customer portfolio that generated A$162 million of revenue for its previous owner, adding substantial scale with an unusually low variable purchase-price structure.