Business
Darden Restaurants Reports Q1 FY2027 Results, Reaffirms Full-Year Guidance
Darden posted total sales of $3.2 billion in Q1 FY2027, with adjusted diluted EPS of $2.05 meeting expectations, while reaffirming full-year outlook.
Definity Financial Targets Mid-Teens ROE After CAD 3 Billion Travelers Canada Deal
Canada’s fourth-largest P&C insurer outlines growth strategy following its CAD 3B Travelers Canada acquisition, targeting market-share expansion and digital break-even milestones.
Power Corp Pushes Active Ownership Model at CIBC Institutional Investor Conference
CFO Jake Goldberg outlined the holding company's hands-on approach across Great-West Life, Wealthsimple and Sagard, citing strong cash generation and a $4 billion buyback track record.
Kamada Guides Full-Year Revenue to $200M–$205M as Q2 Hits Record
Specialty plasma biotech posts its strongest-ever quarter on rabies and AAT demand, while announcing a $50M annual plasma supply deal and continuing to return over half of profits to shareholders.
Iofina posts stronger H1 2026 profit on 29% production growth
Iodine producer's gross profit more than doubled and EBITDA doubled as output surged; IO#12 plant expected to come online in the Permian Basin within weeks.
Trump-Xi state dinner guest list dominated by U.S. officials, tech CEOs
More than 100 people will attend Thursday's state dinner, with U.S. government figures and business leaders far outnumbering their Chinese counterparts.
Raspberry Pi Profit Doubles on Industrial Demand in H1 2026
Cambridge-based maker of single-board computers reported 108% jump in adjusted EBITDA to $40.3 million, driven by a shift toward industrial applications and rising average selling prices.
UK Banks Complete First Tokenized Pound Deposits Across Institutions
Barclays, NatWest, HSBC and others used shared Quant platform for remortgage and retail payment trials with regulated bank money.
Hayward Holdings Stock Hits 52-Week Low of $12.63 Despite Q2 Beat
Shares of Hayward Holdings touched $12.63, its lowest level in a year, even as second-quarter earnings and revenue surpassed Wall Street estimates.
Voya Financial Pushes Back on Unsolicited Shareholder Poll by TOMS Capital
The insurer said materials backing a private poll by TOMS Capital Investment Management contain inaccurate or misleading statements, and that shareholders need not respond to any solicitation.
Rogers Communications projects CAD 2.5‑2.7 bn capex, cites 8.7% revenue growth at CIBC conference
At a CIBC investor event on Sept. 24, Rogers outlined 2026 capex of CAD 2.5‑2.7 bn, 8.73% revenue growth, a 4.35% dividend yield and an upcoming MLSE deal closing in early Q4 2024.
Travere Shares Rise as FILSPARI Sales Jump 77%, Leadership Transition Set
Revenue reached $591 million over the trailing twelve months at the Stifel forum; outgoing CEO Eric Dube will step down Dec. 1, succeeded by Bradley Campbell.
CenterPoint Energy Awarded $50 Million DOE Grant for Houston Grid Upgrades
The U.S. Department of Energy’s SPARK program will fund advanced substation upgrades and Siemens transmission stabilizing technology for CenterPoint Energy’s grid in Greater Houston, supporting over 500 local jobs and serving 2.9 million customers.
Cardinal Infrastructure Raises $550M Credit Facility for Acquisitions
Raleigh-based Cardinal Infrastructure Group Inc. expanded its credit facilities to $550 million, including a $250 million delayed-draw term loan and a $100 million revolving credit line, to support strategic acquisitions.
Element Fleet Walks Away from FleetPartners, Cites Growth Gap
Element Fleet Management rejected FleetPartners' CAD 3.80 bid, citing insufficient risk-adjusted returns, while outlining mid-term guidance of 6-8% revenue growth and double-digit EPS expansion.
Costco Beats Q4 Forecasts on Strong Comp Sales and Membership Growth
The retailer reported EPS of $6.75, top-line sales of $93.87 billion, and digitally enabled comps up nearly 20%, though gross margin narrowed as tariff refunds boosted per-share results.
ITT Reports Broad-Based Growth at 25th Annual Diversified Industrials Conference
CEO Luca Savi detailed organic revenue gains across ITT’s divisions, highlighted recent acquisitions, and shared financial metrics including EPS, ROE and dividend history at the September 2026 conference.
Granite REIT Highlights Growth With Discipline at Investor Conference
Industrial REIT reports FFO CAGR of over 10%, raised annual distribution 18% to CAD 3.55, and outlined a conservative capital strategy centered on occupancy discipline and leverage reduction.
Jumbo Reports H1 Growth With Margin Pressure; Keeps 2026 Outlook Intact
Greek retail chain posts 4% sales growth and EUR 546M cash balance in first half, but gross margin slips 33 basis points as Romania faces headwinds.
MVB Financial accelerates fintech banking push, targets 20 client deals in 2026
The $3.5 billion bank said net income jumped 136% in Q2 and payment-card revenue climbed 29%, as its fintech client pipeline grows toward a projected 20 closings this year.
Metatek Group presents at Small-Cap conference: $90M backlog, $70M–$80M medium-term revenue target
Metatek Group outlined a $90M backlog and a $70M–$80M medium-term revenue target at Sidoti’s September conference, citing strong demand for its airborne subsurface mapping technology.
Spin Master Raises View on Tariff Refunds, PAW Patrol Film Strength
Spin Master reported a $40 million tariff refund applied to debt, mid-to-high single-digit EBITDA growth outlook, and strong third-film box office for PAW Patrol at the CIBC Eastern Institutional Investor Conference.
Kymera Therapeutics Accelerates KT-621 Phase IIb Readout to Q4 2024
Kymera Therapeutics announces faster timeline for KT-621 Phase IIb readout, expanding pipeline with KT-579. CEO Nello Mainolfi discusses strategic focus on quality and market potential.
Legacy Education posts record revenue, shares drop 8% after-hours
Company reported $80.1 million in annual revenue with 24.8% growth, but after-hours trading fell to $9.75 despite the strong results.
XCF Global delays merger vote to October 5
The merger vote for XCF Global’s proposed combination with DevvStream and Southern Energy Renewables is postponed to October 5, with updated stockholder eligibility rules and key shareholder actions still under review.