Browsing Category
General business news
8644 posts
RTX’s $22.9bn Tomahawk award equals 27% of Raytheon’s existing backlog
Raytheon entered the second half with $86 billion of backlog and $19.9 billion of Q2 bookings. Its new $22.9 billion Tomahawk award is larger than an entire quarter of orders, although spreading the value across seven years produces a more measured revenue picture.
August 19, 2026
Georgia Capital clears final US$50m bond as debt-free holding company starts GEL 1bn capital programme
Georgia Capital is eliminating its final US$50 million holding-company bond while launching a GEL 1 billion programme spanning buybacks, dividends and new investment.
August 19, 2026
Prism Johnson (NSE: PRSMJOHNSN) adds decade-long coal linkage from Coal India subsidiaries
Prism Johnson secured another 128,000 tonnes a year of Coal India-linked supply, lifting current linkage coverage to roughly half its cement fuel requirement. Yet 111,400 tonnes of older linkage expires in February 2027, making replacement strategy and fuel-cost savings the more important long-term questions.
August 19, 2026
JTC nears London Stock Exchange exit as £2.7bn Permira and CPP Investments deal reaches court hearing
JTC’s £2.7 billion Permira and CPP Investments takeover has reached its final court stage, putting the fast-growing fund-services group days from leaving London.
August 19, 2026
Tube Investments (NSE: TIINDIA) revenue jumps 17%, but Rs 197cr of EV and chip losses explain the profit slip
Tube Investments of India Limited grew consolidated Q1 FY27 revenue 17%, but continuing profit fell 3% as electric-vehicle and semiconductor businesses posted nearly ₹197 crore of combined segment losses. An 8% share-price jump on August 18 suggests investors are increasingly looking through the incubation costs toward a potential EV turnaround.
August 19, 2026
Fletcher Building shares jump 5.5% as NZ$647m profit swing still fails dividend test
Fletcher Building returned to a NZ$228m profit and cut debt 36%, but dividends remain suspended as ASX waits for sustainable free cash flow.
August 19, 2026
UFlex shares jump 26% after Q1 as overseas operations drive 91% of incremental EBITDA
UFlex Limited posted a 630% Q1 FY27 profit jump and its highest EBITDA margin in 21 quarters, but the deeper story is geographic. Overseas operations generated about 91% of incremental EBITDA while net debt remained ₹8,588 crore.
August 19, 2026
EQT Holdings (ASX: EQT) shares surge 20.6% on unsolicited TPG Global cash proposal
TPG Global's A$657.8m EQT Holdings proposal values Equity Trustees 41.8% above market despite two active ASIC lawsuits and an FY26 result three days out.
August 19, 2026
Goldman Sachs to buy LCN Capital Partners in up to $410m sale-leaseback deal
Goldman Sachs is paying up to $410m for LCN Capital Partners, adding a $3bn sale-leaseback platform in its second asset management deal in ten days.
August 19, 2026
Downer EDI (ASX: DOW) adds A$900m-plus utility work, but not every dollar is equally locked in
Downer has announced A$900m-plus of utility work, but options and panel allocations mean revenue certainty varies across the four major contracts.
August 19, 2026