Business
DFS Furniture H2 Profit Surges 49%, Gross Margin Hits 58% Target
DFS Furniture reports full-year revenue of £1.06bn with underlying PBT rising to £144.9m, as gross margin reaches strategic target for fourth consecutive year.
UBS faces steeper capital rules; Swiss jobs at risk
The Ständerat voted 33-10 to require UBS to back foreign subsidiaries with 90% hard equity, a move finance minister Keller-Sutter praised but which could cost up to 10,000 Swiss jobs.
Cairdac Names Raymond Cohen Board Chairman as Medtech Veteran Joins Leadless Pacemaker Firm
Cairdac SA, a French developer of a leadless cardiac pacemaker, has appointed Raymond W. Cohen as chairman of its board of directors, adding a medtech executive with a track record of multiple medical device sales.
CVS Group FY 2026 revenue rises 5.9% as Australia expansion gains pace
The veterinary services group posted £712.8 million revenue, 6.9% EPS growth and a 1.63x EBITDA leverage ratio, while shares slipped 5% on the results.
H&M Shares Fall as Q3 Earnings Miss Even as Margins Improve
H&M reported Q3 profit gains and an operating margin of 10.6%, but missed market EPS estimates, sending shares down nearly 3%. Supply-chain delays and higher markdowns are expected to weigh on Q4.
Perrot Duval Stock Halt Amid Infomaniak IPO Preparations
Swiss IT firm’s shares suspended as shareholders deliberate on reverse takeover and restructuring plans with cloud provider Infomaniak.
WisdomTree Declares Quarterly Dividends Across 16 ETF Share Classes
WisdomTree Issuer ICAV declared quarterly dividends for the quarter ending September 2026, payable October 16, across 16 ETF share classes.
Poolbeg Pharma Trial Continues After Positive Safety Review
Poolbeg Pharma will proceed with its TOPICAL trial as planned after an interim safety review recommended no protocol changes.
RentGuarantor Expands Guarantor Services to Two Build-to-Rent Developers
RentGuarantor Holdings PLC has signed agreements with Way of Life and Essential Living to provide professional guarantor services for tenants in the UK’s burgeoning build-to-rent sector.
Sundae Bar AI Launches Monthly Subscription for AI Agents
AIM-listed Sundae Bar AI PLC introduced a £25-a-month subscription granting businesses access to 9 ready-made AI agents and Scout, a custom-agent builder tool.
Bain & Company Expands Swiss Financial Services Practice From Zurich
Dirk Vater co-leads Bain's global Financial Services practice and plans a systematic ramp-up of the Zurich-based team, targeting roles from consultants to partners.
Pratt & Whitney Canada Signs Four-Year MRO Deal With AirBorneo Airways
The agreement covers maintenance and overhaul of PW127M engines on AirBorneo's ATR fleet at P&W's Singapore facility through 2030.
Meta Unveils Muse Charm Handheld Device at Meta Connect 2026
Meta Platforms Inc announces the Muse Charm, a palm-sized device dedicated to running the Muse AI agent, during its Meta Connect 2026 keynote in Menlo Park, California.
Cembra to Move Headquarters from Zurich to Baden by Autumn 2027
The consumer credit bank Cembra will relocate its headquarters from Zurich Altstetten to the Konnex building complex in Baden, with the move scheduled for autumn 2027. The shift follows a similar decision by wealth manager Vontobel to leave Zurich for the canton of Zug.
Cembra Bank to Relocate Headquarters From Zurich to Baden by 2027
Personal-lending bank joins Vontobel in leaving Zurich for Aargau, adding to concerns about the city's financial-sector appeal.
R&S Group signs framework deal with wind specialist Nextwind
R&S will supply power transformers to the Berlin-London based wind farm revitalizer under the Zrew brand, as it plans to double output at its Polish plant by 2028.
US Court Reverses Trump’s White House Media Ban on CNN, MSNBC, Politico
A federal judge ruled Trump’s ban on three outlets was likely unconstitutional, marking a setback in his broader campaign against media coverage.
MV Invest receives Finma approval and expands real estate business
Swiss real estate specialist MV Invest has obtained approval from the Finma to manage collective assets. The company also takes over the management of a fund and launches a new real estate strategy.
FAO Faces Funding Gap as U.S. Aid Cuts Threaten Global Food Security Monitoring
With Washington scaling back foreign assistance, the UN Food and Agriculture Organization warns of diminished capacity to detect and respond to looming hunger crises across vulnerable regions.
Spyre Therapeutics Bets on Autoimmune Combos, Targets $8.1B Valuation
Spyre Therapeutics outlined its combination-therapy pipeline for autoimmune diseases at a Stifel forum, sharing early IBD data and competitive benchmarks against J&J, Merck and AbbVie.
Worthington Enterprises Q1 Earnings Beat on Revenue Growth and Cash Flow Strength
The industrial company reported adjusted EPS of $0.82 and revenue of $344 million for fiscal Q1 2027, both topping forecasts, while free cash flow hit a company record.
Culp Reports Q1 Fiscal 2027 Growth Driven by Execution, Margin Expansion
Culp posted 6.5% sales growth and bedding segment gross margin of 13.6%, up 300 basis points, as the textile maker says earnings come from execution rather than market recovery.
Betterware de México Raises Growth Outlook After Tupperware Acquisition
The Mexican direct-seller added roughly 30% to sales and EBITDA through its Tupperware purchase, while maintaining pro forma net leverage at 1.6x and paying out a rising dividend.
Alliant Energy Shares Hit 52-Week Low After Earnings Miss
Alliant Energy dropped to 63.83 USD after posting a second-quarter earnings miss and disappointing revenue, prompting price-target cuts from Jefferies, BMO Capital, and Mizuho.
NBPE posts 4.2% NAV return on portfolio refresh through August
Neuberger Berman Private Equity Partners said net asset value rose to $28.13 as the fund returned $144 million to investors and deployed $164 million in new commitments year-to-date.