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Why LIV Golf is laying off most staff after more than $5bn of Saudi backing
LIV Golf says the majority of its workforce will leave in early September as Saudi Arabia’s Public Investment Fund ends financial support, forcing Chief Executive Officer Scott O’Neil to rebuild the breakaway golf league around a still-unfinished investor transaction and a dramatically leaner operating structure.
Wesfarmers (ASX: WES) FY26 profit rises 8.3%, but debt and cost pressures weigh on WES
Wesfarmers delivered higher underlying profit and another dividend increase in FY26, powered by Bunnings, Kmart Group and Wesfarmers Chemicals, Energy and Fertilisers. Investors nevertheless marked the shares sharply lower as rising debt, softer cash conversion and FY27 cost pressures complicated an otherwise resilient result.
SSN-AUKUS submarine program: Design, funding, shipyards and delivery timeline
SSN-AUKUS is the next-generation nuclear-powered attack submarine being developed for the United Kingdom and Australia under AUKUS. Detailed design and long-lead procurement are advancing as Britain prepares for first steel cutting in 2027 and Australia builds the Osborne industrial base needed to begin its own submarine construction before the end of the decade.
Why LIC Housing Finance picked Sandeep Kumar as CEO as margin pressure persists
LIC Housing Finance Limited has elevated Chief Operating Officer Sandeep Kumar to managing director and chief executive officer after T. Adhikari’s retirement, handing a 35-year Life Insurance Corporation of India veteran responsibility for a ₹3.22 lakh crore loan portfolio as the lender tries to accelerate growth without sacrificing margins.
Why ESR-REIT CEO Adrian Chui is stepping down as portfolio reset accelerates
ESR-REIT has begun searching for a new chief executive after Adrian Chui decided to step down, creating a leadership transition just as the Singapore-listed trust sells older assets, expands in Australian logistics and works to bring leverage below recent elevated levels.
PDD Holdings (Nasdaq: PDD) revenue rises 8% as profit falls 12% under heavier spending
Revenue reached RMB112.4 billion but net income declined 12%, as PDD increased marketing, research and administrative spending while navigating weaker Chinese consumption and tougher international economics.
Dipula Properties (JSE: DIB) buys R2.04bn retail portfolio at implied 9.2% yield
The nine-property portfolio adds about 89,000 square metres and R188.3 million of disclosed net income, while a R1.1 billion placement funds more than half of the purchase consideration.
L&T (NSE: LT) signs another Rs 15,000cr-plus Middle East gas compression contract
The exact contract value is undisclosed, but L&T classifies it as “ultra-mega,” meaning more than ₹15,000 crore and at least 1.9% of its June order book.
Ansell (ASX: ANN) jumps 9.6% as cash flow surges 156% and FY27 guidance rises
Adjusted EPS rose 17.8%, operating cash flow more than doubled to US$270 million and net leverage fell to 1.3 times, allowing Ansell to increase its dividend while continuing a US$200 million buyback.
Can Avantel turn a rising defence SATCOM pipeline into stronger cash generation?
Avantel has received a â‚ą117.88 crore DRDO contract to develop, install and commission a ground-segment hub for voice and data communications, with execution scheduled through February 2029 and a 36-month warranty.