Greene King Selling 150 Pubs over ‘Unprecedented Costs’, Boss Says
Greene King, one of the UK’s largest pub operators, announced it will put up to 150 pubs on the market as part of a broader plan to offload 300 locations, half of which will be converted to leased or tenanted venues. The move follows a period of "unprecedented" cost pressures from higher wages, commodity spikes linked to the Ukraine war and the Iran conflict, and soaring business rates. Despite these challenges, the brewer reported a 3.6% revenue increase to $3.2 billion and an operating profit of $119 million, reversing a $20 million loss the prior year. CEO Nick Mackenzie is calling for permanent government reform on business rates and beer taxes to protect the sector’s growth potential.
How Countercyclical Capital Buffers Travel: Internal Capital Markets and Domestic Borrowing
The paper shows that when a foreign jurisdiction raises its countercyclical capital buffer (CCyB), German banks cut credit to the affected subsidiaries by about 10%. Multinational parents offset this loss by increasing internal debt to the subsidiaries, leaving overall subsidiary...
NAB Profit Misses Estimates as Software Costs Weigh on Bank
National Australia Bank (NAB) reported cash earnings of A$2.64 billion ($1.91 billion) for the six months to March 31, missing the A$3 billion consensus forecast. While loan growth remained robust, the bank’s profitability was squeezed by higher software spending and larger credit‑risk provisions as...
The $166 Billion Question: Who Really Wins From America’s Tariff Refund Wave?
U.S. Supreme Court ruled that the International Emergency Economic Powers Act cannot be used to impose broad import tariffs, nullifying the 10% “Liberation Day” duties and triggering an estimated $160‑170 billion in potential refunds for importers. Companies such as RTX, Ross...
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Accounting Profit: Definition, Calculation, and Example
Accounting profit, also called bookkeeping profit, is a company’s net income calculated under GAAP after deducting all explicit costs such as labor, materials, transportation, and taxes. The metric differs from economic profit, which also factors in implicit opportunity costs, and...
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Discount Rate Defined: How It's Used by the Fed and in Cash Flow Analysis
The Federal Reserve’s discount rate serves two distinct purposes: it is the interest rate banks pay for short‑term emergency loans through the discount window, and it is the rate used in discounted cash‑flow (DCF) models to value future cash streams....
Fitch Stress Test Sees No Turkish Bank Failure Even if Iran Conflict Drives Lira to USD/75
Fitch Ratings’ stress test shows that Turkish banks can absorb a severe shock from a prolonged Iran conflict, even if the lira slides to 75 per dollar and non‑performing loans rise to 7.5% by end‑2026. In the worst‑case scenario only...
Dubai Food Conglomerate IFFCO Set to Go Into Provisional Liquidation
Dubai's leading food conglomerate IFFCO has entered provisional liquidation following a creditor petition. The move follows reports of mounting debt, estimated at over $500 million, and an inability to meet payment obligations. IFFCO, which supplies dairy, juices and processed foods across...
‘No Margin for Error’ Sparks Rush for Hedges in Emerging Bonds
Emerging‑market bond prices have rallied for a 12th month, but investors are growing uneasy as the Iran‑related conflict drags on. JPMorgan Chase & Co. is urging clients to hedge with a credit‑default swap index, while Fidelity International and Frontier Road...
Bank of America Makes Fresh Call on Boeing Stock Price
Bank of America analyst Ronald Epstein reiterated a Buy rating on Boeing, setting a $270 price target that implies roughly 19% upside from the May 1 close of $227.38. The target rests on a three‑segment recovery view: Global Services delivering stable,...
Banks Seek to Offload Risk to Avoid ‘Choking’ on Data Centre Debt
Banks are actively seeking to shed exposure to data‑centre debt as loan portfolios swell with high‑cost, long‑duration financing. Lenders are pursuing loan sales, securitizations, and joint‑venture structures to transfer risk to capital markets and non‑bank investors. The move follows rising...
Editorial. Costly Remedy
Sun Pharma announced an $11.75 billion acquisition of Organon, a U.S. pharma firm with roughly $6.2 billion in annual revenue. The deal comes as the Trump administration prepares 100% tariffs on certain patented drugs, pressuring generic exporters to secure domestic supply chains....
Anchor Loads Up Invesco BulletShares 2029 Corporate Bond ETF With 1.1 Million Shares Bought
Anchor Investment Management purchased 1,104,643 shares of Invesco's BulletShares 2029 Corporate Bond ETF (BSCT), bringing its total holding to 1,139,118 shares valued at roughly $21.3 million. The stake now represents about 1.8% of the fund’s assets under management. BSCT tracks a...
Apple Signals New CEO Ternus Will Invest Cash Differently Than Cook
Apple signaled that incoming CEO John Ternus will steer the company’s cash deployment away from the aggressive share‑buyback program championed by Tim Cook toward a greater emphasis on research, development, and strategic acquisitions. The hint came alongside a preview of...
Private Credit's Wobble Could Be Fixed Income's Moment
Private credit is experiencing a noticeable slowdown as fundraising hits its weakest quarterly level and default rates climb, prompting investors to reassess risk. Capital Group observes that the unease is nudging new capital toward public fixed‑income securities, which are perceived...
Legendary Investor Who Made an Estimated $100 Million on 1987 Crash Says Investors Could See 'Negative 10-Year Returns'
Paul Tudor Jones, who earned an estimated $100 million from the 1987 crash, warned that buying the S&P 500 at today’s valuations could generate negative 10‑year returns. He highlighted that U.S. market capitalization now stands at 252% of GDP, the highest ratio...
Vedanta Is Changing Its Policy that Assured at Least 30% Profit Gets Distributed as Dividend
Vedanta Ltd is scrapping its long‑standing rule that at least 30% of net profit must be paid out as dividends. The board will now set dividend amounts at its discretion, giving the company flexibility to retain earnings for strategic use....
European Corporate Divestitures in Healthcare Technology and MedTech: 2026 Trends, Predictions and Analysis
European healthcare‑technology and MedTech firms are entering a "Great Rationalisation" in 2026, pruning non‑core assets as loan maturities of €86.2 billion loom and global M&A volume is projected at $3.9 trillion. The pivot is driven by higher interest rates, a looming pharmaceutical...
The Finanser’s Week: 27th April – 3rd May 2026
The Finanser’s weekly roundup highlights a surge in systemic fraud, as the LSEG Risk Intelligence report warns that fraud now shadows digital banking, instant payments and AI. It also flags the shifting power balance in global banking, noting HSBC’s strategic...
Africa Enduring ‘Good’ Problem of Spending Own Growth Funds
Africa boasts roughly $4 trillion in domestic capital across banks, pension funds, insurance and sovereign wealth, yet struggles to channel it into infrastructure. The Africa Finance Corporation’s State of Africa’s Infrastructure Report 2026 highlights a $2 trillion institutional capital pool that remains under‑utilised...
New RBI Rules for Shadow Banks May Put Tata Sons IPO on Radar
The Reserve Bank of India has broadened its definition of shadow lenders to include entities that receive indirect public funds, a move that could compel Tata Sons, the holding company of the Tata conglomerate, to pursue an IPO. The rule,...
Why U.S. States Are Quietly Hoarding Gold Bars As Debt And Inflation Climb
U.S. states such as Texas, Florida, Utah and Wyoming are actively buying gold and passing laws that treat bullion as legal tender or tax‑exempt. The moves aim to hedge against persistent inflation, soaring federal debt—projected to exceed $40 trillion—and potential erosion...
CEA Nageswaran Calls for Capex Push Amid EV Growth Momentum
Chief Economic Adviser V. Anantha Nageswaran urged Indian corporates to boost capital expenditure despite a 31% annual profit rise among the top 500 firms post‑pandemic, noting that investment has lagged. He warned that private‑sector under‑investment forces the public sector to...
JPMorgan's Jamie Dimon Issued Vague Credit Recession Warning, but the Bond Market Has More Pressing Issues
JPMorgan CEO Jamie Dimon cautioned that a future credit recession could be far worse than expected, even though he offered no specific market signal. At the same time, the impending appointment of Kevin Warsh as Federal Reserve chair is prompting...
Risk Strategy Gains as Premiums Lead Concerns
The Business Insurance article titled “Risk strategy gains as premiums lead concerns” is currently inaccessible, returning a 404 page‑not‑found error. No substantive text, data, or quotations could be retrieved, so the specific risk‑strategy initiatives or premium‑related concerns referenced in the...
Memestock Monster GameStop Wants to Try to Devour eBay for some Reason
GameStop is reportedly building a stake in eBay as it explores a potential acquisition of the online marketplace, which is roughly four times its size. The move aligns with CEO Ryan Cohen’s plan to shift GameStop toward collectibles and second‑hand...
Parliamentary Panels Flag Ministries’ Budget Gaps: Funds Cut at RE Stage, Still Unspent
Parliamentary standing committees have highlighted a systemic shortfall in budget execution across several Indian central ministries. In many cases, allocations are slashed at the Revised Estimates stage and still remain largely unspent, with the petroleum ministry using only 52% of...
Pmtbox Secures $15M For Enterprise Commerce Platform
pmtbox announced a $15 million seed round to accelerate its enterprise commerce platform that consolidates payments, risk management, and data analytics for merchants. The round was led by Tandem Ventures with participation from Element Ventures, Cynosure Investment Partners, and Pluralsight founder...
Wingstop: Franchise Expansion At Risk As Sales Slow (Rating Downgrade)
Wingstop was downgraded to Sell after its same‑store sales outlook slipped to a low single‑digit decline for FY26, reversing earlier growth expectations. The company’s aggressive 16% franchise unit growth target is now viewed as unsustainable amid franchisee margin pressure and...
India Built Payments for Speed, but Why RBI Now Wants Pauses
India’s Reserve Bank is moving to temper its ultra‑fast payment ecosystem after authorized‑push payment fraud surged ten‑fold since 2021, wiping out roughly ₹23,000 crore (about $2.8 billion). The RBI’s discussion paper proposes a one‑hour hold on account‑to‑account transfers above ₹10,000 (≈$120) and...
Boracay’s Untapped Potential
The Department of Public Works and Highways awarded San Miguel Holdings Corp. a 30‑year concession to finance, design, build, operate and maintain a 2.54‑kilometre bridge linking Boracay Island to Caticlan. The P7.95 billion (≈US$145 million) project is slated for three years of...
EV, Solar Loans Emerge as Bright Spots for Banks
Philippine banks BDO Unibank and Bank of the Philippine Islands are tapping electric‑vehicle (EV) and residential‑solar loans as a nascent growth engine amid soaring oil prices and grid‑price volatility. BDO’s sustainable‑finance portfolio reached roughly $22 billion in 2025 and it arranged...
Private Credit Isn’t Safer than Banks — It’s Just Better at Hiding Losses
Private‑credit funds, which manage a $2‑$3 trillion market, often sell loans at deep discounts to meet quarterly redemption caps. Under ASC 820, secondary or continuation funds instantly mark those loans up to their NAV, inflating reported returns without reflecting true economic value....
Netweb Technologies Q4 Results: Revenue Leaps 90%, Profit After Tax Jumps to ₹706 Million, up 66% YoY — Key...
Netweb Technologies reported FY26 full‑year revenue of ₹21.8 bn (≈$263 m), a 90% jump from the prior year. Q4 revenue reached ₹7.74 bn (≈$93 m) and profit after tax rose 66% to ₹706 m (≈$8.5 m), delivering a 9% PAT margin. The AI Systems segment exploded...
I Mapped Every Major Startup Credit Program for 2026. Most Founders Are Leaving $500K+ on the Table
Deepak Gupta mapped every major startup credit program for 2026 and found that most founders leave $500,000 or more on the table. He built a free, public directory that lists verified cloud, AI, fintech, and SaaS perks, organized into four...
78-Year-Old Furniture Company Stops Production, Plans Bankruptcy
eSolutions Furniture Group, the parent of Bestar, Bush Furniture and Bush Business Furniture, has halted manufacturing and will seek court‑appointed receivership and bankruptcy filing on May 4. The decision follows three months of declining home‑furnishings sales—0.31% in January, 0.27% in February...
Newmont: $100 Oil Weighs, Gold Falls, But Profit Trends Are Sublime
Newmont Corp. posted record first‑quarter results, delivering $2.90 non‑GAAP EPS on $7.3 billion revenue and $3.1 billion free cash flow, while launching a $6 billion share‑repurchase program. Despite these strengths, the stock trades about 20% below its January peak as gold prices slip...
Fluor Has Finished Selling Its NuScale Power Stock. You Won't Believe How Much It Made.
Fluor has fully exited its equity position in NuScale Power, selling 126 million shares for $2.43 billion. The sale turned a $570 million investment into a 326% gain and removes a volatile pre‑revenue asset from Fluor's books. Proceeds will be used to cut...
58-Year-Old Outdoor Retailer Nears Chapter 11 Filing
West Marine, the United States' largest boating retailer, is preparing a possible Chapter 11 filing as it wrestles with weakening discretionary demand and costly lease obligations. The company has entered restructuring talks with its owners, Oaktree Capital Management and L...
DEA Notifies FDI Easing for Foreign Cos with up to 10 Pc Chinese Stake Under FEMA
India’s Finance Ministry has eased foreign direct investment rules, allowing overseas companies with up to a 10 percent Chinese or Hong Kong shareholding to invest via the automatic route under FEMA. The change, approved by the Union Cabinet in March, shifts the...
Fire Sale: What Assets Does Spirit Have and Who Could Buy Them?
Spirit Airlines announced it will cease operations after a failed government bailout, placing its entire portfolio of assets up for sale. The carrier’s liquidation filing values aircraft and engines at about $1.3 billion, parts at $167 million, LaGuardia slots at $86.7 million, and...
FinMin Notifies 100% FDI in Insurance; LIC Cap Stays at 20%
India’s Finance Ministry has issued a notification permitting up to 100 percent foreign direct investment in insurance companies, while keeping the Life Insurance Corporation of India (LIC) capped at 20 percent foreign ownership. The change follows the 2025 Sabka Bima Sabki Raksha...
Google Is Now a Glorified Venture-Capital Fund Thanks to Its SpaceX and A...
Google reported first‑quarter net income of $62.6 billion, an 81% year‑over‑year jump, with more than half ($36.9 billion) coming from unrealized gains on equity stakes. The gains are largely attributed to its early investments in SpaceX and AI startup Anthropic. Analysts say...
Thyssenkrupp, Jindal Steel Pause Talks on Steel Unit Stake
Thyssenkrupp AG announced it is pausing negotiations with Jindal Steel International over a potential stake in its steel division. The German firm said the original assumptions and prerequisites for a sale have shifted dramatically in recent months. Both parties agreed...
CDSL Q4 Profit Slips to ₹80 Cr, Demat Accounts Cross 18 Cr
Central Depository Services (India) Ltd (CDSL) posted a Q4 net profit of ₹80 crore (≈ $9.6 million), down from ₹100 crore a year earlier, while total income rose modestly to ₹268 crore (≈ $32.3 million). For the full FY 2025‑26, profit fell to ₹455 crore (≈ $54.8 million) versus ₹526 crore previously,...
Taiwan Semi Is Selling ARM Stock. Should You?
Taiwan Semiconductor Manufacturing Co. (TSMC) has fully exited its stake in Arm Holdings, selling roughly 1.1 million shares for about $231 million. Despite the divestment, Arm’s shares continued to rise, reflecting strong investor confidence in its AI‑driven growth. The chip‑design firm posted...
Filatex India Q4 FY ’26 Revenue Down 8.75% YoY; EBITDA Up 13.89%
Filatex India Limited reported Q4 FY 2026 revenue of Rs 985.49 crore ($103 million), an 8.75% YoY decline, while full‑year revenue fell 2.15% to Rs 4,160.52 crore ($438 million). Despite weaker sales, EBITDA rose 13.89% YoY to Rs 86.24 crore ($9.08 million) in the quarter, expanding the margin to 8.75%,...
Kenya to Begin Valuation of National Assets on July 1 in Transition Accrual Accounting
Kenya’s National Treasury will start valuing all public‑sector assets on July 1, completing the first phase of its shift to accrual accounting. The move follows public consultation on new asset‑valuation and accounting policies, which will soon be gazetted into law. Using...
More Wall Street Leverage Won’t Help Main Street
Regulators are proposing to cut aggregate capital requirements for the largest U.S. banks by about 6%, reversing a 2023 push for a 19% increase and simplifying risk‑weight calculations. The changes aim to reduce compliance complexity and spur more lending, but...
If You Have a Flight Booked on Spirit Airlines … No You Don’t – Spirit Shuts Down Operations
Spirit Airlines announced an immediate shutdown on Saturday after a $500 million federal bailout request was rejected, ending its 33‑year ultra‑low‑cost operation. The airline, which had filed for bankruptcy twice and recently emerged from a restructuring, canceled all flights and will...