Today's Finance Pulse
Autodesk to acquire MaintainX for $3.6B, expanding into operations software
Autodesk announced a $3.6 billion purchase of MaintainX, a leader in operational‑phase software for the built environment. The deal extends Autodesk’s portfolio from design and manufacturing into ongoing building operation, creating an end‑to‑end data loop. CEO Andrew Anagnost said the acquisition unlocks a $40 billion total addressable market.
Also developing:
By the numbers: Pemberton Asset Management closes $3.7B fourth vintage fund
Mergers And Acquisitions Strategies For British SME Growth
British SMEs are turning to mergers and acquisitions to sustain growth as organic expansion slows. The piece outlines the current UK mid‑market M&A landscape, noting strong activity in technology, healthcare, manufacturing and professional services. It highlights strategic drivers such as market entry, digital capability acquisition, and talent procurement while stressing risk management, thorough due diligence, and varied financing structures. Finally, it stresses that disciplined post‑deal integration—especially around culture and communication—is essential for lasting value creation.
Morning SPAC News Roundup: February 13, 2026
The Morning SPAC News Roundup for February 13, 2026 was published on SPAC Insider, offering a curated list of SPAC‑related developments. Access to the full content requires a paid monthly subscription, limiting free readership. The post includes typical market commentary, deal announcements,...
Bhatia Communications Sets Record Date for Third Interim Dividend Payable in FY26
Bhatia Communications & Retail announced February 20 as the record date for its third interim dividend for FY 2025‑26, offering Rs 0.01 per equity share. The dividend is payable to shareholders holding shares before that date. The announcement follows a December‑quarter earnings beat,...
Morgan Stanley Said to Consider $500 Million India Fund, Shifts some Assets
Morgan Stanley Investment Management is exploring a $500 million continuation fund focused on India, intending to transfer eight healthcare‑related assets, including Omega Hospitals and RG Scientific, into the new vehicle. The move signals the firm’s effort to provide existing investors an...
Can Mining Stocks Deliver Golden Gains?
Investors are flocking to mining equities as gold and silver prices surged in early 2026, with Glencore and Fresnillo ranking among Interactive Investor’s most‑popular stocks. Strong commodity rallies have propelled miners such as Barrick and Fresnillo to share price gains...
Bankruptcy Threat Looms as Quince Runs Out of Options
Quince Therapeutics warned investors it may need bankruptcy protection after its lead drug eDSP failed a pivotal phase 3 trial for ataxia‑telangiectasia. The SEC filing disclosed less than $6 million in cash, $12 million in short‑term investments and a $16 million unsecured line of...
TOST Q4 Margins Surge, Profit Spikes over 200%
$TOST Q4: Operating income +140% YoY, net income +216% YoY. Margins expanding across the board. Revenue came in at $1.63B, up 22% YoY. Growth moderated vs +25% last quarter, but profitability stepped up meaningfully. Gross profit grew 27% YoY with gross margin...
Wipro, Infosys, TCS and 9 Other Stocks Hit 52-Week Lows and Slip up to 20% in a Month
A wave of weakness hit India’s blue‑chip segment as the Sensex slumped nearly 1,048 points, pushing nine BSE 200 stocks to fresh 52‑week lows. Leading IT giants Wipro, L&T Technology Services, TCS and Infosys each fell between 14% and 19% over...
ETFs Rake $250B in 28 Days, EM Overtakes Gold
There's only been 28 trading days this year and ETFs have already pulled in about $250b. More than double any other start to a year. Up until 2020, $250b was what they averaged for a YEAR. That's $9b/day pace, or...
Financial Limitations on Growth
Rural ISPs repeatedly cite financing caps as the primary barrier to expanding broadband, not a lack of willingness. Lenders impose strict borrowing limits based on cash flow, debt ratios, and broader market conditions, which many small providers cannot exceed. Grant...
We Need a Better System for Routing International Payments in a Crisis
A senior Consumer Reports director recounts how international relief funds for Hurricane Melissa in Jamaica were crippled by fragmented payment systems, losing roughly 10% to fees and taking weeks to clear. Despite a plethora of fintech options, P2P apps, traditional...
EIL Q3 Profit Soars over 3x YoY to Rs 302 Crore
Engineers India Ltd (EIL) posted a net profit of Rs 302 crore for Q3 FY2025‑26, more than three times its profit a year earlier. The surge was driven by a dramatic rise in turnkey contract earnings, which jumped to Rs 273.68 crore from Rs 18.92 crore,...
New Chief Economic Advisor to the Treasury Appointed
Professor Brian Bell has been appointed as the Treasury’s chief economic advisor, taking up the post on 9 March. He will serve as the principal adviser to Chancellor Rachel Reeves and Prime Minister on macro‑economics and fiscal policy, overseeing the department’s...
Most Private Credit PIK Is Bad Yet Labeled Performing
58% of PIK in private credit is "bad PIK" per Lincoln. Borrower stops paying cash. Lender accepts more debt instead. Everyone marks it at par. This is called "performing."
TF1 Leans on TF1+ Momentum as Ad Market Softens
TF1 Group posted 2025 revenue of €2.297 bn, a 2.5% decline driven by a softening advertising market, especially in Q4. Media division revenue fell 4.5% to €1.921 bn while Studio TF1 grew 9.2% to €376 million. The digital platform TF1+ delivered a 35.8% jump...
Most AllianzGI Funds Pass Assessment of Value Test
An independent Assessment of Value test has evaluated Allianz Global Investors' UK fund lineup. The majority of the funds received a positive rating, indicating they deliver good value to investors. A subset were amber‑flagged, meaning they only meet basic value...
Sebi Eases Reporting Norms for Brokers, Extends Exemptions to Primary Dealers
The Securities and Exchange Board of India (SEBI) released a consultation paper proposing to relax the naming, tagging and reporting requirements for bank and demat accounts held by stockbrokers. The draft aligns primary dealers with the exemptions already granted to...
PNGS Reva Diamond IPO to Hit Dalal Street Soon: Check 5 Key Risks Ahead of the Offer Launch
The PNGS Reva Diamond Limited is set to launch a fresh‑share IPO on Dalal Street valued at roughly ₹380 crore. The issue comprises 0.98 crore new shares priced between ₹367 and ₹386 each, with the bidding period running from February 24 to February 26,...
Coinbase Swings to Surprise Loss Amid Crypto Exodus, but Says Traders Are Buying the Dip
Coinbase reported a surprise fourth‑quarter loss as crypto trading volumes continued to shrink, marking the first quarterly deficit in years. Despite the loss, the stock steadied and rose modestly in after‑hours trading, bouncing off a two‑year low. Management used the...
New Cyber Insurance CFO Enters a ‘Soft’ Market
Cyber‑insurance veteran John Botros has been hired as CFO of insurtech Cowbell to steer the company through a soft market marked by falling premiums. Global cyber rates dropped 7% and U.S. rates 3% in Q4 2025, tightening pricing pressure. Cowbell plans...
Gemini Miscalculates Google’s Massive Depreciation Drag
Coming up on @thestreetpro More Tales From Nvidia: The Depreciation "Tail and Spike" Will Be Painful to Mag7 Profits (Issue #178!) * As free cash flow is plummeting... I decided to ask the AI about itself. In this case, I asked Google Gemini about...
VM Vita Markets and HTFX (EU) Have Their Cyprus Investors Compensation Fund Membership Withdrawn
CySEC announced the withdrawal of Investors Compensation Fund membership for VM Vita Markets Ltd and HTFX (EU) Ltd after revoking their Cyprus Investment Firm licences. The regulator clarified that covered clients retain the right to compensation for transactions executed before...
US Dollar Credit Supply: Primary Market Shows Strong Start to 2026
US dollar primary market began 2026 with robust corporate issuance, totaling $56 bn in January, driven largely by technology, media and telecom (TMT) firms contributing $24 bn. Banks led the financial sector, printing $134 bn of senior non‑preferred bonds, a $20 bn year‑to‑date increase...
Done Deal: UMG’s Downtown Acquisition Approved by EU Competition Regulator
The European Commission approved Universal Music Group’s $775 million acquisition of Downtown Music Holdings, conditional on divesting the Curve royalty‑accounting business. The decision ends a year‑long antitrust review and clears the way for UMG to integrate Downtown’s distribution and publishing services,...
ASICS EMEA Achieves Record Revenues as European Sportswear Demand Increases
ASICS EMEA posted a record €1.204 billion revenue for 2025, an 18.4% year‑on‑year increase. Growth was broad‑based, with SportStyle sales up 44% and strong gains across Performance Running, Tennis, Indoor and Apparel. Channel performance was robust: wholesale rose 22.5%, owned retail...
Ola Electric Q3 Results: Loss Narrows YoY to Rs 487 Crore; Revenue Falls 55%
Ola Electric reported a narrower Q3 FY26 loss of Rs 487 crore versus Rs 564 crore a year earlier. Revenue from operations plunged 55% year‑on‑year to Rs 470 crore, driven by a steep decline in automotive sales. Unit deliveries fell to about 32,680, down from 84,029,...
The Pivot: Unlocking the Central African Republic’s Substantial Resource Frontier
A&S Resources announced strategic contracts to develop a 20 billion‑tonne high‑grade iron ore deposit in the Central African Republic, valued at up to $2.5 trillion in‑situ. The resource, located in the Bangui Anomaly, has been validated by an independent technical report, confirming...
How Financial Firms Can Stay on Top of SEC Compliance
Financial firms face mounting SEC scrutiny, prompting a seven‑point playbook to boost compliance resilience. The guide stresses establishing clear policies, automating daily checklists, and embedding cyber‑security controls such as multi‑factor authentication. It also highlights real‑time AML screening, rigorous marketing approvals,...
SpiceJet Q3 Loss Shrinks Despite Fleet, Rupee Woes
SpiceJet reported a Q3 FY26 net loss of Rs 2.68 billion, down from Rs 6.35 billion in Q2, as revenue jumped 77% to Rs 13.84 billion. The improvement came despite higher aviation turbine fuel prices, a weakening rupee and the loss of Pakistani airspace, which inflated...
Invesco Expands Its Sharīʿah Offering with a New ETF on the MSCI ACWI Islamic M-Series on the London Stock Exchange
Invesco has launched the MSCI ACWI Islamic M-Series UCITS ETF (ISIN IE000LFC57H7) on the London Stock Exchange, offering global equity exposure that complies with Shariah principles. The fund tracks the MSCI ACWI Islamic M-Series index using a market‑capitalisation‑based screening methodology...
State-Dependent Correlation Between the S&P 500 and the VIX
The episode examines how the correlation between the S&P 500 and the VIX is not static but varies across four distinct market regimes defined by levels of volatility (VOL) and volatility‑of‑volatility (VOV) risk. The authors propose a regime‑switching model that shows...
Business-Related Personal Insolvencies Surge
Australian Financial Security Authority data shows a sharp rise in business‑related personal insolvencies, with 344 individuals filing in December – a 38% year‑on‑year increase and the fourth consecutive December gain. Over the past four years, the share of personal insolvencies...
Rates Spark: Dutch Pension Funds May Prepare Early for 2027 Transitions
Almost €1 trillion of Dutch pension assets are slated to transition by 2027, but early hedge rebalancing has already begun. Smaller funds moved interest‑rate hedges in December 2025, while larger players like PMT and PFZW are timing their flows for the first...
Reeves Urged to Reassure MPs over Public Finances Amid £6bn-a-Year Send Costs
Rachel Reeves faces mounting pressure to reassure MPs as the UK’s special educational needs and disabilities (SEND) programme costs rise to about £6 billion a year. The Office for Budget Responsibility warns that an £18 billion backlog could erode the fiscal surplus...
Real Equity vs Virtual Shares in Bulgaria: A Corporate Governance Playbook for Employee Incentives
Bulgarian companies are increasingly choosing between real equity and virtual (phantom) shares to motivate staff, each offering distinct governance and tax outcomes. Real equity provides statutory ownership and voting rights but can create minority vetoes and exit‑execution risk. Virtual shares...
Lum Chang Creations Receives SGX Nod for Mainboard Transfer From Catalist
Lum Chang Creations (LCC) received in‑principal approval from the Singapore Exchange to move its listing from the Catalist market to the mainboard. The approval follows a strong first‑half performance, with net profit soaring 104% to S$11 million. LCC, a spin‑off of...
Why Inventory Management Is the Silent Driver of Restaurant Profitability
The episode highlights inventory management as a critical, yet often overlooked, driver of restaurant profitability, explaining how accurate counts affect food costs, waste, labor efficiency, and customer satisfaction. It details the challenges of manual, inconsistent inventory practices and the financial...
38% of Clients Drive 75% of Capitec Revenue
𝟯𝟴% 𝗼𝗳 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿𝘀 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗲 𝟳𝟱% 𝗼𝗳 𝗖𝗮𝗽𝗶𝘁𝗲𝗰’𝘀 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 Capitec’s interim results for the period ending August 2025 show a very clear picture of where the bank’s income is really coming from: 🔸Non-interest income = R13,358 bn 🔸Net interest income = R...
HUL Shares Down 3% as Q3 PAT Falls 30% YoY to Rs 2,118 Crore
Hindustan Unilever reported a 30% YoY drop in Q3 profit from continuing operations, falling to Rs 2,188 crore, while total net profit surged 121% to Rs 6,603 crore due to one‑off portfolio transformation gains. Revenue from continuing operations rose 5.6% YoY to Rs 16,441 crore and...
Willow Lane Acquisition Corp. II (WLIIU) Prices $125M IPO
Willow Lane Acquisition Corp. II announced pricing of its $125 million initial public offering, with units set to begin trading on Nasdaq under the ticker WLIIU on February 13, 2026. The SPAC, led by CEO B. Luke Weil, CFO George Peng and COO Marjorie Hernandez,...
379. Squaring the Macro Circle, The Retail Rationalization, Multifamily Recalibration, & Lodging Capital Rotation
The episode dissects the widening gap between strong headline macro data and underlying economic softness, highlighting flat retail sales, surprisingly resilient job numbers, and BLS revisions that erased roughly 900,000 jobs. It examines a wave of retail store closures—including Eddie...
Key Market Moves: Listings, Earnings, Acquisitions, Renames
Major News to Track on February 13, 2026: 1. Hock Soon Capital Main Market Listing 2. LPI Capital FY2025 Results 3. Lotte Chemical Titan Full-Year Earnings 4. Oriental Holdings Hospitality Acquisition 5. Berjaya Land Corporate Renaming ↓↓↓
Banks' Inflation Forecasts Politicized, Yield Soft Surprises
Another SOFT inflation surrpise... It has become a bit of a theme, and we are increasingly convinced that inflation forecasting has become a "politicized arena" within banks, given how incredibly stubborn they have been in their wrong lean on this.
Rising SPX Put Skew May Push VIX to 30
SPX put skew is really starting to warm up here, while ATM IV remains relatively subdued. If SPX 30) https://t.co/p9qsHp8nHk
Turn FP&A From Reactive to Predictive with AI
⚡ From forecast to action — is your FP&A team predictive or reactive? At the Digital North American FP&A Circle, leaders from Sony, Mars, High Liner Foods & Wolters Kluwer CCH Tagetik shared how they embed predictive AI into decisions: https://t.co/Gmlh8jmMgB #aiinfinance
Fintechs Must Prioritize Financial Health Over Services
#FlashbackFriday | In 2020, I argued that fintechs should stop selling financial services and start selling financial health, this wasn’t a buzzword, but a different way of thinking about the financial sector itself: https://t.co/bL1ZTqv4Uf Yesterday’s future. Progress optional. https://t.co/s7x485LBB3
PE Firms Chase Japan’s Retail Wealth Amid Institutional Decline
Our story on PE giants like Blackstone, KKR, EQT's attempt to tap Japan's wealthy retail investors for funds as institutional money wanes. Most see Japan as the largest private wealth opportunity outside of the US, but the market comes with...
Asset Pricing's Biggest Unsolved Questions Still Challenge Economists
https://t.co/xnes97Kg4l A keynote speech on big questions in asset pricing -- still unresolved after decades, though much progress.
EIB's Grid Debt Shift Sparks Skepticism in Europe
The European Investment Bank plans to advance electricity capacity by moving grid debt off bank books & monetizing future revenues I'm not holding my breath. This is Europe, after all. https://t.co/UHQ7GprVvL #PowerGrids #EnergyInfrastructure #Europe #EIB #Electricity #EnergyTransition