Know What's Happening in Finance
Know What's Happening in Finance
Flex to Acquire Electrical Power Products for $1.1B Cash
Flex Ltd. announced a definitive agreement to buy Electrical Power Products for approximately $1.1B in cash. The target contributes roughly $323M of annual revenue and delivers a mid‑to‑high‑teens EBITDA margin. Flex expects the transaction to be accretive to adjusted earnings per share in the first full fiscal year after closing.
Also developing:
Aptiv’s subsidiaries have launched a $1.5 bn private senior notes offering tied to the planned spin‑off of its Electrical Distribution Systems (EDS) unit. The notes, due in 2031 and 2034, will be held in escrow until the separation is finalized. In parallel, the co‑issuers secured an $850 m senior secured revolving credit facility and a $500 m senior secured term loan. Proceeds, together with the term loan, will fund a dividend to Aptiv, leaving Versigent with roughly $300 m cash for ongoing operations.
The Shared Services & Outsourcing Week (SSOW) 2026, held March 16‑19 in Orlando, will host a Finance Transformation Program for finance shared‑services leaders. Over 1,200 shared‑services and GBS executives will gather to discuss modernizing finance operations, embedding AI responsibly, and...
JD.com posted a challenging fourth‑quarter 2025, with total revenue slipping 14% year‑over‑year to $50.37 billion while expenses rose 5.8% to $51.21 billion, driving a net loss of $388 million. All major profitability metrics turned negative, including EBITDA of –$118 million and EBIT of –$836 million....
Federal and provincial governments collected $15.5 billion from alcohol and cannabis in FY 2024/25, marking a 2.0% drop in total alcohol earnings – the steepest decline since 2004/05. Alcohol sales fell 1.6% in value and 3.0% in volume despite a 1.6%...
Ryan, a leading tax and software provider, announced the acquisition of Hucke and Associates, a boutique New York City property‑tax firm. The deal adds Hucke’s expertise in hospitality, office, retail, industrial and multifamily tax appeals to Ryan’s commercial real‑estate services. Hucke’s...
BJ Wholesale Club reported adjusted earnings of $0.96 per share for Q4 2025, up from $0.93 a year earlier and ahead of analyst expectations. Net income rose to $125.9 million, while membership fee revenue climbed 10.9% YoY to $129.8 million. Net sales increased 5.5%...
Controllers Council hosted a webinar, sponsored by AvidXchange, on building a data‑driven ROI case for accounts‑payable (AP) automation. Speakers highlighted the hidden costs of paper‑based AP, from lost invoices to error‑driven delays, and outlined six ROI categories such as labor...
The U.S. Securities and Exchange Commission will hold a public roundtable on April 16, 2026, to examine the structure of listed options markets. The discussion will address competition in a quote‑driven environment, the retail investor surge, and the overall customer...
Revolut Business has launched Titan, a premium Visa‑linked corporate card for UK companies, bundling 10 GB of global mobile data, unlimited airport lounge access, and a 1:1 RevPoints rewards scheme. The card integrates real‑time expense tracking, receipt matching, and instant reconciliation...
Saba Capital Management has launched the UKIT, an actively managed UCITS ETF that invests in UK‑domiciled investment trusts trading at sizable discounts to net asset value. The fund targets a diversified portfolio of 40‑60 trusts across equities, bonds, real estate...
In this episode, Tal Kirschenbaum, co‑founder and CEO of Ledge, explains how his AI‑native financial close platform reached $1M ARR by serving roughly 24 mid‑market enterprise customers at an average of $3,000 per month. He details Ledge’s focus on automating...
Denki, a YC‑backed AI startup founded by two brothers, raised $4.1 million to automate financial audits for public companies. The funding, led by Base10 Partners and Shine Capital, comes as fintech AI investment surged 27 % in 2025. Denki’s platform replaces manual,...
Client accounting services (CAS) emerged as the fastest‑growing niche among the 2026 Top 100 accounting firms, with 85% of the 88 respondents reporting revenue gains—up five points from the prior year. The service line now spans bookkeeping, cash‑flow forecasting, budgeting, and...
Well well well... BlackRock marked a private credit loan at 100 cents on the dollar in Q3. By Q4, it was a big fat ZERO. Not 80. Not 50. ZERO. In 3 months. This is the second time $TCPC has done this recently....
Sunshine‑Eichner arranged a $75 million non‑recourse first‑mortgage loan to refinance the Marriott Monterey hotel in downtown Monterey, California. The five‑year, interest‑only loan carries a fixed rate with an all‑in cost below 6% after securing a low‑200s credit spread among 19 competing...
Radio broadcaster Cumulus Media has filed a prepackaged Chapter 11 reorganization, aiming to eliminate approximately $600 million of debt. The plan, backed by its lenders, allows the company to continue operating its 394 radio stations, Westwood One network, and podcast platform...
HM Treasury has released a Good Practice Guide for TCFD Reporting 2024‑25, a 32‑page PDF aimed at central government organisations preparing for mandatory climate disclosure requirements in 2025‑26. The guide offers practical examples across the four TCFD pillars—governance, strategy, risk...
TransUnion announced its AI Analytics Orchestrator Agent, an AI‑driven layer on the TruIQ platform that leverages Google Vertex AI and Gemini models to automate credit analytics. The agent translates natural‑language queries into governed workflows, generating models, studies, and recommendations in...
Affirm kicked off 2026 with a flurry of strategic announcements, including a rent‑payment partnership with Esusu, a bank‑charter filing, and a debit‑card‑embedded BNPL solution via Fiserv. The firm also secured default checkout status with Bolt and integrated its BNPL service...
CMC Markets has launched a 24/7 blockchain settlement platform in partnership with Kinexys Digital Payments, a JPMorgan unit. The solution uses JPMorgan’s JPMCoin on the public Base blockchain to move cash instantly across currencies and regions. Live testing confirmed near‑real‑time...
Abercrombie & Fitch reported a 6% decline in operating income to £524 million for the year, even as net sales rose 6% to £3.95 billion. The fourth quarter delivered a record £1.25 billion in sales, up 5%, but operating income fell 8% to...
The UK Treasury released its March 2026 minutes on 5 March, providing a formal response to the Public Accounts Committee’s reports 57‑61 covering the 2024‑26 session. The 40‑page PDF, sized at 2.13 MB, details departmental actions and financial oversight outcomes. The document is published...
An asset manager’s bonds are priced 50‑75 basis points wider than those of its major peers. Rating agencies signal potential upgrades, while the bond market doubts the firm’s credit health. The company’s fourth‑quarter results revealed record fundraising, growing margins, and...
BrewDog’s EquityPunk crowdfunding scheme raised £75 million from 200,000 investors before the brand entered administration and was taken over by Tilray, wiping out those investors entirely. The collapse underscores the liquidity constraints and limited transparency inherent in equity‑crowdfunding platforms compared with...
South Korea’s Financial Services Commission unveiled a draft roadmap that will make sustainability reporting mandatory for large listed firms starting in 2028, using 2027 data. The new standards align closely with the IFRS Foundation’s ISSB IFRS S1 and S2 requirements, covering...
BNP Paribas Asset Management is winding down its €750 million sustainability fund following the acquisition of AXA IM Alts. The purchase created overlapping equity strategies between the two managers, prompting a strategic consolidation. BNP Paribas cited redundancy elimination as the primary...
UK waste disposal costs are surging due to higher landfill taxes, volatile fuel prices and tighter regulatory scrutiny, turning waste management into a financial risk for multi‑site organisations. CFOs are increasingly treating commercial waste as a strategic cost centre, employing...
The OCC has issued a draft implementation rule for the GENIUS Act that establishes a rebuttable presumption that stablecoin issuers and their affiliates may not pay interest or yield on payment stablecoins. While the language appears to ban direct yield,...
The Supreme Court’s ruling in Learning Resources v. Trump is being classified as a non‑recognized (Type 2) subsequent event under ASC 855 for firms that imported goods subject to IEEPA tariffs and have not yet issued financial statements as of February 20, 2026. The...
The U.S. crypto market is entering a quiet boom driven by institutional infrastructure, advancing blockchain technology, and a more educated investor base. Large financial firms are rolling out custody solutions, settlement platforms, and tokenized products, creating a stable foundation for...
SMA Solar Technology AG released unaudited 2025 results showing a modest 0.9% revenue decline to €1.516 bn, while operating EBITDA before one‑offs was €106.6 m but fell to a negative €65.4 m after extraordinary items. One‑off charges—including €122.6 m inventory write‑downs and €35.8 m provisions—pushed...
Taylor Wimpey announced a £52 million share‑buyback programme even as full‑year 2025 pre‑tax profit plunged 54.3% to £146.5 million, while revenue rose 13% to £3.84 billion. The profit decline was driven by a £222.2 million increase in cladding remediation costs and an £18 million CMA...
Broadridge’s latest research shows the active‑ETF market is diverging sharply across the Atlantic. Global assets under management are nearing $1.8 trillion, growing over 50 % annually, yet U.S. funds exhibit roughly two percentage points higher tracking error and charge 70‑90 bps fees compared...
The European Banking Authority released its final report on draft Implementing Technical Standards for supervisory reporting of third‑country branches under CRD VI. The new framework standardises formats, definitions and reporting frequencies, introducing a core‑plus‑supplement approach that differentiates smaller and larger branches....
Making Tax Digital (MTD) for income tax launches on 6 April 2026, initially applying to businesses with £50,000 turnover. The threshold will subsequently fall to £30,000 and then £20,000, pulling a large swath of small landlords and part‑time self‑employers into the regime....
Monzo’s second Money Pulse study of 500 Irish SMEs finds financial administration consumes nearly three hours per week, costing each business about €8,500 annually and the Irish economy €2.1 billion in lost productivity. Expense management, payment chasing and tax planning are...
The Finance for Nature workshop in Hanoi gathered policymakers, economists and finance leaders to push natural‑capital accounting into Vietnam’s macroeconomic framework. Organisers unveiled a report that applies the Integrated Economic‑Environmental Modelling (IEEM) and GTAP‑InVEST tools to embed ecosystem services in...
In this episode, Derek Pilecki of Gator Capital discusses why small‑cap and regional banks are deeply undervalued, trading well below historic 10‑14x PE ranges, and outlines his deep‑value, long/short strategy focused on financial services. He explains the lingering effects of...
In this episode, CFO Indikab Nazir discusses how finance leaders can become strategic partners by immersing themselves in go‑to‑market operations and pipeline dynamics, especially during venture‑backed inflection points. He shares lessons from early mentorship, interim CFO roles, and scaling companies...
Danish robot maker Agrointelli, creator of the Robotti field robot, has filed for bankruptcy in a Danish court due to insufficient cash flow. The company announced the filing on LinkedIn and is now seeking a buyer, with a deadline of...
In this episode the host rebrands the show as “Cash Machines” and dives into a deep financial analysis of John Lee Dumas’s “Entrepreneurs on Fire” podcast. He outlines the business’s revenue and profit trajectory—peaking at $4 M revenue and $3 M profit...
South Korean President Lee Jae‑Myung ordered an immediate rollout of a 100 trillion‑won (US $68.3 billion) financial package to stabilise capital markets amid the escalating Middle East conflict. The plan targets volatility in stocks and exchange rates while explicitly avoiding direct government share...
Ever feel “profitable” but still broke? This is one of the biggest traps in business. ⸻ A precision engineering SME had strong margins. But paid for machines upfront. Waited 90 days to get paid. Every big order felt like a risk instead of a...
After Hollywood turned on David Zaslav for being too much of a bean counter/financier, I’m sure The Town will appreciate David Ellison’s answer to being asked how many layoffs are coming w/ merging w/ WBD: “We absolutely need to rationalize the...
Implats announced a R3.7bn interim payout of R4.10 per share, double its stated dividend policy and backed by R12.1bn free cash flow for the six months to December. Despite the generous payout, Johannesburg‑listed shares fell 8% as analysts flagged the...
Not sure why the write-down of a $20 million loan that was disclosed nearly two months ago is news but here we are https://t.co/lfuuXrqdYg
Who Should Acquire PayPal? 5 Potential Acquirers Nobody’s Talking About PayPal is now considered to be a prime acquisition target. Who besides Stripe would be a good acquirer? Here are 5 potential candidates. Try to keep an open mind. https://t.co/rrD4BdDrG8
The article examines whether fast‑growing firms should go public via a traditional IPO or a SPAC merger, emphasizing the role of forward‑looking statements. SPAC deals historically allow more detailed projections, which can attract both sophisticated and unsophisticated investors. The SEC’s...
SpaceX provably has revenues of less than $20bn and loses money after the merger with xAI, but is targeting a $1.75 TRILLION IPO. So FTAV explored how Musk might try to pull off what could be the biggest bagholder operation...
The U.S. Postal Service is hiring restructuring advisers to help address its increasing financial troubles, Postmaster General David Steiner told Reuters in an interview. https://t.co/5x45UAESKf
