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Rolls-Royce on Thursday hiked its full-year profit and cash flow guidance after strong earnings for the first half of the year, with the British engineering group benefiting from robust demand across its civil aerospace, defense and power systems businesses. The FTSE 100 company posted underlying operating profit of £2.5 billion ($3.3 billion) for the first […]
Fintel reported organic adjusted EBITDA of £11.8 million for the six months ended June 30, up 11.2% from £10.6 million a year earlier. Organic revenue grew 2% to £37.4 million, according to an unaudited trading update released Thursday. The difference between the two growth rates lifted the corresponding EBITDA margin to 31.6% from 28.9%, based […]
The Central Board of Direct Taxes (CBDT) has notified a new income tax return form for block assessments arising from search and seizure cases. The ITR-BN (income tax return for block assessment) form has been introduced under the Income-tax Act, 2025 and will take effect retrospectively from April 1, 2026. However, this return form is […]
FIFA is working on a plan to raise as much as $4.2 billion from external investors, with football’s governing body opening itself to outside investment for the first time. Processing Content Joshua Kushner’s Thrive Eternal is among potential backers for a new vehicle called FIFA Forward Enterprise that will house media and commercial rights, according […]
An ultra luxurious eight-bedroom compound overlooking the Laguna Beach coastline has hit the market for the extraordinary price of $112 million—a sum that could see it become the most expensive home ever sold in Orange County. Built in 1974, the 14,434-square-foot estate is currently owned by auto dealership owner David Wilson and his wife, Holly […]
Key insight: Banc of California restructured its balance sheet during the second quarter, leading to a net loss that appeared to surprise investors. What’s at stake: The restructuring will ultimately position the bank for higher recurring earnings and improved capital generation, CEO Jared Wolff said. Forward look: The bank expects to complete the sale of […]
When it comes to retirement finances, there’s a new kid on the block that advisers will gradually need to get their heads around. And it’s one that the Government is increasingly keen to promote. But, pensions being pensions, even the name of the product seems designed to confuse. The product I am talking about is […]
European stocks balance blockbuster earnings against escalating U.S.-Iran conflict
When I was growing up, my mom told me that education is never wasted. I was fortunate to grow up in a household where college was on the table. Having graduated from high school one year early, I started my associate degree shortly after my 17th birthday. For two years, I studied zoo technology. Upon […]