Business
AB Foods Shares Plunge 9% on Weak Primark Guidance
Associated British Foods lowered fourth-quarter Primark sales expectations and issued a wider sugar loss outlook for 2027, driving shares down more than 9% in early London trading.
Datasea signs AI agent service contracts with five Chinese customers
Datasea Intelligent Technology announced AI agent digital marketing agreements with five firms, forecasting monthly fees of $0.45‑$1.49 million per client and a total service value of about $1.10 million to date.
U.S. new home listings surge 2.6% in August, highest since 2022
Redfin data shows a rebound in inventory, though prices and mortgage rates remain elevated.
Imperial Petroleum Posts Record Q2 Revenue on Shipping Rate Strength
The shipping firm reported $87.1 million in quarterly revenue and $34.8 million in net income, both company records, driven by soaring tanker and drybulk charter rates.
FINMA warns of AI-fuelled cyberattacks hitting Swiss financial sector
Switzerland's financial regulator says attacks on its sector surged 33%, with bad actors increasingly using generative-AI tools from firms such as OpenAI and Anthropic.
Dream Finders Homes Stock Hits 52-Week Low Amid Beazer Acquisition
Dream Finders Homes shares fell to $12.17, a 59% annual decline, as it moves forward with its $2.2 billion all-cash acquisition of Beazer Homes USA.
UBS Posts $2.8B Q2 Profit, Eyes $3B Buyback Despite Swiss Capital Rules Tension
Switzerland's largest bank reported a 17% jump in quarterly profit driven by wealth-management inflows, even as regulatory debates with Bern cast uncertainty over its capital-return plans.
Lombard Odier: Young donors demand measurable impact and innovation
A survey of 260 high-net-worth individuals across four markets reveals generational divides in philanthropic priorities and a surging demand for banks to integrate giving into wealth strategies.
GSK Reports Strong Trial Data for Lung Cancer Drug Jideytro
GSK's ARROS-1 trial showed a 94% response rate and 100% intracranial response in treatment-naïve ROS1-positive lung cancer patients, boosting outlook for a supplemental FDA filing this year.
Hardide Lands $1.9M Order for Energy Sector Components
Hardide secured a $1.9 million production order from a North American energy customer for second-generation tungsten carbide-coated components, to be delivered starting October 2026.
Arcus Biosciences sees $4B+ frontline opportunity for HIF-2α inhibitor casdatifan
Arcus Biosciences presented late-line and combination clinical data for casdatifan at Cantor's healthcare conference, projecting up to $6 billion in combined commercial opportunity across metastatic kidney cancer.
Incyte outlines $3B–$4B revenue floor, pipeline-driven growth through 2035
CEO Bill Meury said Incyte aims to reach a $3 billion–$4 billion core-business revenue floor within 12–18 months, with five key assets representing roughly 80% of post-Jakafi recovery.
Athens International Airport Reports 4.5% Passenger Growth in H1 2026, Raises Full-Year Profit Guidance
The airport posted record passenger traffic and raised its full‑year profit outlook despite a slight dip in revenue, while detailing a revised expansion plan and a successful bond issuance.
Imperial Petroleum Posts Record Q2 Revenue, Beats EPS Estimates
Greek shipping firm reports $87.1M in quarterly revenue, up 140% year-over-year, as tanker and dry-bulk rates surge alongside higher crude prices.
Power Corporation highlights active ownership at Scotiabank summit
Power Corporation of Canada discusses its active ownership strategy and financial targets at the Scotiabank 27th Annual Financials Summit, with a focus on sustainable growth and AI investments.
IFF says turnaround gains traction as leverage falls to 2.5x
CEO Erik Fyrwald highlighted progress on the three‑business model, a $3.8 bn Food Ingredients divestiture and a $2.5 bn share buyback while noting leverage has dropped to 2.5‑times.
Aflac CFO Highlights 2026 Growth, AI and Japan Repositioning
Aflac’s CFO Max Brodén discussed capital allocation, operational efficiency gains from AI, and Japan’s evolving insurance market at KBW Insurance Conference 2026.
Eco Buildings nears completion of first Albania apartment block
UK-listed construction firm hits key milestone on €13.2 million development with Balfin Group in Tirane, expects final contracts by year-end.
AI Risk to Enter 60–80% of Insurance Underwriting by 2028, ScienceSoft Says
ScienceSoft projects AI risk considerations will become standard in E&O, D&O, employment practices and cyber insurance underwriting within two years.
Culp swings to operating profit on restructuring gains in Q1 FY27
Culp Inc. reported a profitability reversal in its first fiscal 2027 quarter as restructuring saved roughly $22.5 million annually, pushing adjusted EBITDA positive and shares higher in after-hours trade.
Articulate and Thinkific Partner on One-Click Content Integration
Articulate and Thinkific Labs Inc. have launched a product integration that allows joint customers to publish training content between platforms with one click, eliminating manual exports, repackaging, and re-uploads.
Specialised Therapeutics expands Incyte partnership to commercialize ruxolitinib cream in Australia
Specialised Therapeutics, based in Singapore, will handle regulatory, medical, marketing and distribution duties for Incyte's ruxolitinib cream, Opzelura, across Australia.
SK Hynix, Intel Explore U.S. Memory-Chip Production Deal
Talks center on leasing Intel’s Ohio facility or a joint venture to address U.S. semiconductor supply constraints amid AI-driven demand.
Schroders Capital Global Innovation Trust raises NAV, extends wind-down progress
Schroders' INOV trust posted a 1.3% NAV rise to 22.53p in H1 2026 while advancing its managed wind-down, with fresh portfolio gains offsetting delayed realisations.
Great Portland Estates tops out The Courtyard project in WC1
Great Portland Estates announced structural completion of its 47,000‑sq‑ft The Courtyard development at 1/3 Alfred Place, with delivery slated for Q3 2027.