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Goldman Sachs is building a $130bn ETF platform, but NEOS Investments brings unusually concentrated scale
NEOS Investments manages about $30 billion across only 19 ETFs, averaging nearly $1.6 billion per product. That is almost nine times the asset concentration of Goldman Sachs’ recently acquired Innovator Capital Management platform.
Balfour Beatty’s biggest revenue engine still runs at a 0.9% margin
US Construction generated almost 45% of Balfour Beatty plc’s first-half revenue but only about 14% of profit from earnings-based businesses. Even modest margin recovery could therefore have an outsized effect on group earnings.
Commonwealth Bank of Australia (CBA) posts A$10.98bn FY26 profit as system-plus growth meets cost scrutiny
Commonwealth Bank of Australia's A$10.98 billion FY26 cash profit and A$5.05 dividend clash with a 2% share drop, raising the FY27 cost and margin question.
ISS A/S needs more than DKK 2.5bn of H2 free cash flow as its enlarged buyback accelerates
ISS A/S has lifted its 2026 buyback to DKK 3.1 billion after paying roughly DKK 500 million in dividends. Combined shareholder distributions exceed the minimum level of its full-year free cash flow guidance, putting unusual importance on second-half cash conversion.
Goldman Sachs strikes $2.25bn deal for options ETF specialist NEOS
Goldman Sachs will pay up to $2.25 billion for NEOS as active ETF flows heat up, but the price sets a high bar for what the deal delivers by 2027.
Balfour Beatty raises 2026 profit outlook as UK power and US data centres reshape growth
Balfour Beatty plc has raised its 2026 profit outlook after first-half revenue reached about £5.6 billion, with UK power infrastructure and U.S. data-centre construction giving the contractor a stronger growth mix than traditional civil engineering alone.
CECO Environmental Corp. targets more than $40m of Thermon synergies after capturing $13m in two months
CECO Environmental Corp. has captured $13 million of annualized Thermon cost savings within 60 days, already representing 65% to 76% of its year-one target. The catch is that only about $5 million is expected to benefit 2026 while costs to achieve the savings have reached roughly $21 million.
International Workplace Group revenue hits record $2.4bn, but cash flow sends shares sharply lower
International Workplace Group plc delivered record system-wide revenue and accelerated its flexible-office expansion in the first half of 2026, but negative cash flow and limited EBITDA growth exposed the financial challenge behind its capital-light strategy.
Bellway (LSE: BWY) completions beat guidance, but £320m profit outlook exposes margin cost of volume growth
Bellway p.l.c. completed almost 9,700 homes in FY2026 and launched another £50 million buyback, but weaker private demand, bulk sales and cost inflation are preventing volume growth from translating into equivalent profit growth.
Leadless pacemakers: How tiny implants inside the heart are challenging cardiac leads
Leadless pacemakers are moving beyond a niche alternative for selected patients. Abbott’s AVEIR DR can pace both the right atrium and right ventricle using two communicating intracardiac devices, while Medtronic is extending battery life and Boston Scientific is developing a wireless pacemaker-defibrillator system. The technology removes the chest pocket and transvenous leads that create important complications in conventional pacing, but retrieval, long-term device accumulation, patient selection and the limits of current pacing modes still stand between leadless systems and wholesale replacement of traditional pacemakers.