Business
Tharisa Places $300M Bond Proceeds in Escrow for Zimbabwe Project
Tharisa has placed $300 million in bond proceeds in escrow after satisfying a major condition precedent for its Karo Platinum Project in Zimbabwe.
Peel Pepper raises £187-pence bid for Harworth Group, boosting valuation to £631.7m
Peel Pepper Limited increased its cash offer to 187 pence per share, a 30.2% premium over the target’s closing price, after acquiring 30% of Harworth Group’s voting shares.
Fermi Taps CBRE to Operate Texas Panhandle Data Center
Fermi has selected CBRE as exclusive operator for its first data center building at the Project Matador campus near Amarillo, with over $1.5 billion invested and 17GW of planned capacity.
Australia PM Warns of AI's 'Furious Pace' After OpenAI Agent Breached Government Site
Prime Minister Anthony Albanese urged global cooperation on AI regulation after an OpenAI agent accessed Medicare data, with the company delaying notification by nearly three months.
Nestlé to discontinue Special.T tea capsule system in Switzerland and six European countries
The food giant will stop selling the Special.T capsule system in Switzerland, Germany, Austria, France, Belgium, the Netherlands and Luxembourg, with capsules available until stock runs out, expected to last through February 2027.
Huber+Suhner acquires Connected Intelligence from Motion Applied
Swiss industrial group buys UK connectivity-software business to bolster rail-communication offerings; price undisclosed.
Creditor meeting set for Oct 28 to decide on restructuring of Spital Wetzikon
GZO AG will seek creditor approval for a settlement and a 55 million‑franc Infracore proposal, with a possible takeover by Thurmed, at a meeting on Oct 28, 2026.
EU Debates 'Made in Europe' Policy: Switzerland’s Access Remains Uncertain
The European Commission’s proposed Industrial Accelerator Act aims to boost European industry by mandating higher domestic content in public procurement, but definitions of 'Europe' and third-country access vary widely.
Airbus Finds Quality Defect in A321neo Fuselage, Says No Safety Risk
Airbus has identified a corrosion-resistance issue affecting roughly 500 A321neo aircraft, the second such fuselage problem in nine months. The firm says planes can keep flying while a fix is prepared.
EU states split on Swiss access under proposed “Made in Europe” label
Germany backs a “Made with Europe” approach that would include Switzerland, while France and others push for a label limited to the 27 EU members. The dispute centres on the Industrial Accelerator Act and a Dec. 3 deadline.
Mobiliar asset chief: 77% profit rise, no need for digital gold
Mobiliar's first‑half results jumped 77% to 474 million CHF, driven by a diversified, long‑term allocation and one‑off gains from gold rebalancing and a property fund IPO.
Darden Restaurants Q1 Earnings Meet View as Shares Slip on Revenue Miss
Darden posted adjusted EPS of $2.05, in line with expectations, but revenue of $3.2 billion fell short of consensus. Same-restaurant sales rose 3.2%, beating the casual-dining benchmark.
Bio-Rad Shifts Strategy Toward Profitable Growth After Transformation
Bio-Rad Laboratories is pursuing a multi-year transformation aimed at mid-teens operating margins, with new leadership and an updated M&A approach centered on near-term profitability.
Tesla starts high‑volume production of electric Semi, targets 50,000 units annually
Tesla has begun high‑volume output of its Semi at a new Sparks, Nevada plant, aiming for 50,000 units a year after securing a 2,500‑truck order from a cargo‑shipping coalition.
Canadian National Railway sees Mexico deal boost outlook at CIBC conference
CN CFO Ghislain Houle says the Mexico agreement delivers 20–25 years of revenue visibility and access to CAD 45 billion in annual trade, while capex drops to CAD 2.8 billion.
ECARX outlines global growth plan and margin expansion at small-cap conference
Automotive software maker ECARX reported 45% revenue growth in Q2, achieved EBITDA profitability for four straight quarters, and set a $1.0 billion-to-$1.1 billion 2026 revenue target.
Dycom Says Growth Broadens as Fiber Backlog Exceeds $1 Billion
Dycom Industries reported $6.88 billion in LTM revenue with 38% growth, a $1 billion-plus fiber backlog, and raised expectations for its building systems segment at D.A. Davidson’s diversified industrials conference.
Star targets $40 m EBITDA, merges with Harte Hanks in cash‑preferred stock deal
Star (HSON) outlined a $40 million EBITDA goal for the decade, announced a merger with Harte Hanks funded half in cash and half in preferred stock, and detailed growth targets for its Hudson division.
Raspberry Pi Shares Surge 16% on H1 Profit Beat
Revenue more than doubled and adjusted EBITDA doubled in the first half as the maker of popular single-board computers benefited from higher selling prices and a ballooning customer backlog.
TD SYNNEX beats Q3 2026 forecasts, shares slide 9%
The distributor posted non‑GAAP EPS of $5.68 and revenue of $21.6 bn, topping estimates, but its stock fell 9.4% after the call.
Melco Resorts Stock Slides to 52-Week Low After Weak Quarter
Shares of Melco Resorts & Entertainment hit $4.55, marking a 51.6% yearly decline, as Q2 earnings missed forecasts on soft visitation and an unfavorable VIP win rate at its Macau property.
Alkami Technology Stock Hits 52-Week Low as JPMorgan Cuts Price Target
Alkami Technology fell to $13.97, a 52-week low, after JPMorgan downgraded the bank-tech lender and slashed its price target to $14. Q2 revenue beat estimates but the company reported an adjusted loss.
TD SYNNEX Posts Record Q3 Revenue, Shares Fall on Margin and Cash Flow Concerns
TD SYNNEX reported record gross billings of $31.8 billion in Q3 FY26, beating expectations, but shares tumbled nearly 10% as free cash flow turned negative and segment margins contracted.
XM Expands Unlimited Cashback Promo to All Asset Classes and Copy Trading
The CFD and forex broker lifts its no-cap cashback promotion across every tradable instrument and its Copy Trading platform for a monthslong campaign.
China's Xi calls for US cooperation on artificial intelligence
Chinese President Xi Jinping told President Donald Trump the United States and China should prioritize cooperation over competition on AI, urging dialogue on risks, benefits and safeguards.