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James Hardie to sell Fermacell to Holcim for €840m as Europe exit redirects cash toward debt and buybacks
James Hardie has agreed to sell Fermacell to Holcim for €840 million and plans to close its remaining European fiber cement business, redirecting capital toward deleveraging and shareholder returns.
Provident Financial replaces $170m of older subordinated debt with 6.50% notes due 2036
Provident Financial Services has priced $175 million of fixed-to-floating subordinated notes, using most of the proceeds to refinance $170 million of existing debt while preserving Tier 2 regulatory capital.
Saba Capital reapproves BRW-SABA merger as closed-end funds seek greater trading scale
Saba Capital’s two listed closed-end funds have revived a merger proposal terminated in March, targeting a fourth-quarter combination subject to shareholder approval and regulatory documentation.
Orion180 files for Nasdaq IPO as specialty homeowners insurer opens its books to public investors
Orion180 Insurance Group has filed for a proposed Nasdaq IPO after expanding into 14 states through more than 14,000 independent agents, although the share count, price range and implied valuation have not yet been disclosed.
CEMATRIX contract pipeline extends into 2027 as year-to-date awards reach C$34.4m
CEMATRIX has secured C$8.2 million of additional work across infrastructure and industrial applications, lifting announced 2026 awards to C$34.4 million following record second-quarter revenue.
AeroVironment plants a manufacturing foothold in Greece as European drone demand accelerates
AeroVironment has formed majority-owned AV Eagle with Eyeonix in Greece, creating a platform for local production of drones, loitering munitions and counter-UAS systems as European defence demand expands.
Agibank reaches AA level across three Brazilian rating scales as loan book hits R$37.1bn
S&P Global Ratings has upgraded Agibank’s Brazilian national-scale rating to brAA with a stable outlook, completing a series of 2026 upgrades across three agencies. The move arrives as the bank rapidly expands lending and diversifies its funding base.
Black Box (NSE: BBOX) has Rs 8,986cr backlog, but Q1 math makes profit the harder FY27 target
Black Box Limited has an 83% larger order backlog and expects data centres to reach about 30% of FY27 revenue. Yet its â‚ą300 crore to â‚ą325 crore profit target requires a much steeper earnings acceleration over the remaining nine months than the revenue guidance initially suggests.
Futu Holdings’ trading volume jumped 79%, but commission yield fell 27%
Futu Holdings Limited’s Q2 trading volume surged 78.8% to HK$6.42 trillion, but brokerage commission income increased only 30.3%. The implied commission-and-handling yield fell from about 7.18 to 5.23 basis points.
Lockheed Martin’s Mk70 launcher on Spectre becomes the real prize after RIMPAC
Lockheed Martin's first live missile fire from a Saildrone USV took six months from partnership to RIMPAC; Spectre and Mk70 carry the real MFC upside.