Finance News and Headlines
Finance News and Headlines
Finance Pulse
EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
Clorox wrapped up a five‑year, multi‑plant SAP rollout, replacing a two‑decade‑old legacy system with a cloud‑based ERP that unifies finance, supply chain, sales and planning. The deployment spanned 21 U.S. and Canadian factories and required over 5,000 employees to complete 38,000 training hours, creating a real‑time "digital backbone" for the consumer packaged goods maker. While stabilizing the new platform, Clorox announced a $2.25 billion acquisition of GOJO Industries, the maker of Purell, adding a health‑hygiene brand to its portfolio. The company projects ERP‑driven productivity gains to materialize by fiscal 2027 after a 12‑18 month stabilization period.
Prediction market aggregator Stand introduced a new feature that automatically places opposite bets to traders who consistently lose. The tool aims to replace traditional copy‑trading, which has become ineffective as top wallets can front‑run followers. Research shows about 70% of...
Sanctions‑related securities have multiplied severalfold since early 2022, turning a niche compliance issue into a real‑time operational variable. A SIX survey of 291 financial institutions shows senior executives now expect sanctions data to create material challenges across trading, risk and...
The Bombay Stock Exchange (BSE) has secured SEBI approval to roll out cash‑settled futures and options on its new Focused Midcap Index, which tracks the top 20 mid‑cap companies by free‑float market capitalisation. The contracts will be monthly, expiring on...
A wave of CFO appointments and departures unfolded this week, spanning automakers, retail, crypto, and fintech. General Motors hired Lucid veteran Claudia Gast to steer strategy and technology partnerships, while Warby Parker tapped former Macy’s CFO Adrian Mitchell. Kraken dismissed...
Match Group CFO Steve Bailey, marking his first year in the role, has tightened capital discipline across a portfolio that includes Tinder, Hinge and dozens of international brands. He introduced the PRISM framework to standardize ROI measurement for a $600 million marketing...
The Securities and Exchange Board of India (SEBI) has issued a consultation paper proposing a overhaul of ETF price‑band rules. It recommends moving the base‑price reference from T‑2 closing NAV to T‑1 data or recent indicative NAV, and introducing dynamic,...
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...
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 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...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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 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...
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...
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 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...
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 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 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,...
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...
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,...
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...
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...
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...
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...
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 (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...
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...
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...
On February 26, 8am CPA Charge will host a free, one‑hour CPE webinar titled “Building Economic Resilience: How Accounting Firms Can Stay Profitable When Markets Shift.” The session, presented by CPA Kelley Brubaker of Profit Scale Thrive and 8am specialist Brittany Hoffmann, focuses on...
Recent federal cases reveal a wave of tax fraud spanning the pandemic era, from a Florida tax preparer who filed 458 false returns costing the IRS $12.9 million to a Georgia group that siphoned $1.3 million in COVID‑related credits. A mining business...
The IRS and Treasury issued Notice 2026‑15 to clarify how the One Big Beautiful Bill Act’s new foreign‑entity restrictions apply to clean‑energy tax credits. The notice defines “prohibited foreign entity,” outlines a material‑assistance cost‑ratio calculation, and provides interim safe‑harbor tables for Sections 45Y, 48E and 45X. Taxpayers can...
EY announced that Joe Link will assume the role of Americas Vice Chair – Assurance on April 1, succeeding Dante D’Egidio, who moves to US managing partner. Link brings nearly three decades of financial services experience and will oversee a...
Xero’s Emotional Tax Return 2026 Report reveals that 81 % of U.S. small‑business owners feel more stressed than in prior years, losing the equivalent of 33 working days annually to financial worry. Rising costs (44 %) and unpredictable demand (28 %) are the...
Roku reported $4.737 billion in net revenue for 2025, a 15% year‑over‑year increase, while streaming hours rose 15% to 145.6 billion. The company highlighted record‑breaking Premium Subscriptions net adds in Q4 and a 75% jump in Roku Sports sign‑ups. The Roku Channel...
Gen II announced a strategic hire of the former head of CLO and loan agency services from US Bank, bolstering its private credit platform. The addition expands Gen II’s expertise in collateralized loan obligations and loan administration. The move reflects...
NetEase Cloud Music announced that its independent‑artist ecosystem surpassed one million registered creators, contributing over 5.6 million tracks by the end of FY 2025. Subscription revenue grew 13.3% year‑over‑year to RMB 5.1 billion, while total online‑music revenue rose 12% to RMB 6.0 billion. Despite a slight...
The Association of Certified Fraud Examiners (ACFE) and Grant Thornton have launched an Anti‑Fraud Blueprint, a practical guide that expands on the 2023 Fraud Risk Management Guide. The Blueprint delivers step‑by‑step actions, checklists, and a maturity‑assessment model to help firms...
Telepsychiatry startup Talkiatry closed a $210 million Series D round, bringing total capital raised above $400 million. The funding, led by Perceptive Advisors with participation from Andreessen Horowitz and others, will support scaling its virtual psychiatry platform, which currently employs over 800 psychiatrists...
Trinity Industries posted Q4 2025 revenue of $611.2 million, a 2.97% decline year‑over‑year, driven by weaker external deliveries in its Rail Products Group. The Rail Products segment saw a 23.3% revenue drop to $426.7 million, while the Railcar Leasing and...
Alrajhi Medicine, a Saudi private healthcare network, has chosen Oracle to replace its legacy clinical and enterprise systems with Oracle Health Foundation electronic health record (EHR) and Oracle Fusion Cloud Applications. The unified cloud platform will integrate patient records, finance,...
Bond ETFs are poised to challenge equity returns in 2026 as central banks move from aggressive tightening to policy normalization. The Invesco Equal Weight 0‑30 Year Treasury ETF (GOVI) offers a diversified, lower‑volatility alternative to the long‑duration iShares 20+ Year...
