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ANZ Bank Shares Enjoy Best Day Since 2020 as Cost Cuts Show

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ANZ Bank Shares Enjoy Best Day Since 2020 as Cost Cuts Show

SYDNEY—ANZ Group shares are on course for their best day since 2020 after the country’s fourth-largest lender cut its first-quarter costs by more than analysts had expected.

ANZ on Thursday reported an unaudited cash profit for the three months through December of 1.94 billion Australian dollars, equivalent to US$1.37 billion. That was 6% higher compared with the same period a year earlier.

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Form 13D/A TYSON FOODS For: 13 February

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Form 13D/A TYSON FOODS For: 13 February

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Custom Flavors unveils leadership changes

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Custom Flavors unveils leadership changes

Company names Scott Nadison president, elevates Alex Wendling to CEO. 

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Head of DP World leaves company after Epstein links revealed

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Head of DP World leaves company after Epstein links revealed

Sultan Ahmed bin Sulayem’s exit comes after files showed he appears to have exchanged hundreds of emails with Epstein.

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Why you should consider switching bank accounts

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Why you should consider switching bank accounts

Martin Lewis explains why now might be a good time to think about changing your bank account.

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BSE gets Sebi nod to launch ‘Focused Midcap Index’ futures and options contracts

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BSE gets Sebi nod to launch 'Focused Midcap Index' futures and options contracts
BSE has received approval from capital markets regulator Sebi to launch derivative contracts on the “BSE Focused Midcap Index,” expanding its index derivatives basket at a time when exchanges have moved to a single weekly expiry structure.

The new index measures the performance of the top 20 mid-cap companies selected based on free-float market capitalisation. It is designed to offer concentrated exposure to leading mid-sized firms rather than the broader midcap universe.

According to the exchange, BSE will introduce cash-settled monthly index futures and monthly index options on the new benchmark. Contracts will expire on the last Thursday of the expiry month, in line with the standard monthly derivatives cycle.

The approval comes amid recent regulatory changes that have streamlined the derivatives framework. Following Sebi’s directives, exchanges now offer only one weekly expiry per exchange to curb excessive speculative activity and reduce concentration risk.

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This has effectively reduced the number of weekly index options expiries available in the market, shifting greater focus to monthly contracts and select flagship indices.


The launch of derivatives on a focused midcap index could attract traders and investors seeking targeted exposure to quality mid-sized companies, especially in a market where broader midcap indices have seen sharp swings.
By introducing a concentrated 20-stock midcap benchmark, BSE is positioning the product as a tactical tool for hedging and directional strategies linked to midcap performance, while adhering to the revised derivatives structure emphasising monthly expiries.

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Boss of Newcastle skin health products firm quits following suspension

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Stuart Ashman had been CEO of SkinBioTherapeutics since 2019, leading it through a period of growth including deals with high street retailers

The Core at Newcastle Helix.

The Core at Newcastle Helix where SkinBioTherapeutics is based.(Image: Newcastle Journal)

The CEO of Newcastle healthcare innovator SkinBioTherapeutics has resigned as an investigation into his conduct was about to be launched.

Stuart Ashman, an experienced life sciences executive, was suspended by the Helix-based firm’s board as the company has brought in advisers to carry out an investigation into “matters relating to his conduct”. The move was announced to investors on the London Stock Exchange, though few details were given.

Non executive chairman Martin Hunt has become executive chairman temporarily. The company said: “He will be supported by the rest of the board and leadership team to provide business leadership and continuity. The company has instigated a search to find an interim CEO to appoint as soon as possible, and to find a new, permanent CEO for the longer term.”

Mr Ashman had been at the helm of SkinBioTherapeutics since 2019. He has led a period of significant growth, including partnerships with pharmaceuticals giant Croda and deals with major retailer Superdrug, which have seen the Newcastle firm’s products hit high street shelves.

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At full year results published in December, Mr Ashman said he expected 2026 to bring further revenue growth having seen revenue rise from £1.2m to £4.6m and a narrowing of operating losses from £2.9m to £1.1m in the year to the end of June 2025.

SkinBioTherapeutics’ offer is based around its SkinBiotix technology which uses the microbiome – the range of microorganisms living within the human body – to promote wound healing and reduce the risk of infection. The business has also been acquisitive with Mr Ashman leading.

In early 2024 it bought Cambridgeshire’s Dermatonics Limited in a deal that was said to provide cost synergies as well as the potential for a future development platform for advanced topical creams and capsules. Later that year, it also acquired Yorkshire-based Bio-Tech Solutions Ltd (BTS) – a manufacturer and supplier of health, hygiene and personal care products – for £1.25m.

Mr Ashman was previously CEO at Finnish medical device company Onbone, and before that president and CEO of Andover Healthcare Inc, a US-based wound management manufacturer. He was also president and CEO of UK medical engineering business TI Group and has held roles at BSN Medical and Smith & Nephew.

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NAMA slams petition to nix GRAS for refined carbs

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NAMA slams petition to nix GRAS for refined carbs

Request to FDA targets refined flour, sweeteners used in commercial food processing.

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Hello Kitty designer steps down after 46 years

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Hello Kitty designer steps down after 46 years

Yuko Yamaguchi oversaw the feline character’s rise to to global icon status.

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Congress wrestles with AI job fears amid calls for federal guardrails

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Congress wrestles with AI job fears amid calls for federal guardrails

As artificial intelligence changes how Americans do their jobs, a growing debate is unfolding in Washington over what it means for workers’ futures.

Congress has yet to pass sweeping AI legislation, but lawmakers are closely watching as the technology evolves at breakneck speed.

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That urgency intensified this week after a viral X post from Matt Shumer, CEO of HyperWriteAI, racked up more than 75 million views and over 100,000 likes, warning of massive white-collar job disruption.

Rep. Jay Obernolte, R-Calif., says the concerns are worth discussing, but not panicking over.

“I think it’s something that’s healthy to talk about,” Obernolte told FOX Business. “The post says, fundamentally, we should be afraid because AI is going to be disruptive and there’s going to be a lot of job displacement – that is something we know to be true.”

INSIDE THE TRUMP ADMINISTRATION’S AI ‘TECH FORCE’ DESIGNED TO MODERNIZE THE GOVERNMENT

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Rep. Jay Obernolte presiding over a hearing.

House Research and Technology Subcommittee Chairman Jay Obernolte, R-Calif., presided during a hearing in the Rayburn House Office Building on Capitol Hill on Jan. 14, 2026, in Washington, D.C. (Chip Somodevilla/Getty Images)

Obernolte, the only member of Congress with a graduate-level degree in artificial intelligence – he earned his master’s degree from UCLA and has studied the field for more than three decades – also founded a video game development company.

But he sharply disagrees with the premise that AI will permanently shrink the workforce.

“The other thing that [the post] says is people are going to have fewer jobs as a result of artificial intelligence,” he said. “The historical record says that that is absolutely not true.”

Pointing to past technological revolutions, from the printing press to the internet, Obernolte argued innovation has always disrupted industries but ultimately created more jobs than it destroyed. He believes AI will follow the same pattern.

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Still, he acknowledged that displacement is coming.

“There will be job displacement. We need to re-skill the workers that are in industries with that job displacement and equip them with the skills that they need to succeed in other industries,” he said, adding that “we are going to need a social safety net because there will be people that fall through the cracks.”

US Capitol building with AI symbol

A growing debate is unfolding in Washington over what advancements in AI mean for workers’ futures. (Greggory DiSalvo/Getty Images)

Obernolte, who served as co-chair of the House Artificial Intelligence Task Force, noted the panel’s bipartisan 250-page report released in December 2024 laid out recommendations for workforce retraining and regulatory guardrails. But little of it has become law amid partisan gridlock and tight margins.

“It’s critical that we get passed this year a federal regulatory framework for AI that makes it clear where the state lanes for AI regulation are, where the federal lanes are, and where the two intersect,” he said.

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“That’s something that is going to be critically important to make sure that everyone understands what the guardrails are, and to make certain that Americans have some safety protocols in place to protect themselves against the malicious use of AI.”

PHILADELPHIA MEN TRAVEL TO MINNEAPOLIS TO CARRY OUT $3.5M “FRAUD TOURISM” SCHEME: DOJ

And concerns about that malicious use are growing.

A Deloitte study predicted generative AI could help drive U.S. fraud losses as high as $40 billion next year.

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Just this week, the Justice Department announced that two Pennsylvania men admitted to traveling to Minneapolis to defraud Minnesota’s Housing Stabilization Services program, allegedly stealing roughly $3.5 million by using artificial intelligence to generate falsified records – what authorities described as “fraud tourism.”

“That is the biggest downside of AI: the way that it enhances the productivity of malicious human actors,” Obernolte warned, arguing that the government has a clear role in responding.

But not everyone on Capitol Hill shares his optimism.

Sen. Elizabeth Warren, D-Mass., cautioned that the economic fallout could be severe if policymakers fail to prepare.

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“I am deeply concerned about AI and what it’s going to mean when people go out one day for lunch and come back and their jobs aren’t there anymore, and that that happens to millions and millions of people. Now is the moment when we need to be preparing,” Warren told FOX Business.

ELON MUSK SLAMS ANTHROPIC AI IN SOCIAL MEDIA POST

Preparation, she argued, must include both guardrails on how AI is deployed and protections for families struggling with rising costs.

Elizabeth Warren speaking.

U.S. Senator Elizabeth Warren (D-MA) questions witnesses during a Senate Banking, Housing, and Urban Affairs Committee hearing in the wake of recent bank failures, on Capitol Hill in Washington, D.C., May 18, 2023. (Evelyn Hockstein/Reuters)

Pressed on what large-scale displacement could mean for the middle class, Warren – the ranking member of the Senate Banking Committee – issued a stark warning.

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“We lost more than 100,000 manufacturing jobs last year,” she said. “If AI comes in on top of that and literally wipes out the income for millions of families, we’re going to see a full-blown crisis right here in this country. If you know the bad weather is threatening out there, now’s the time to prepare for it.”

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Despite those warnings, Obernolte remains bullish.

“AI will shortly be – if it’s not already – the most powerful tool for enhancing human productivity mankind has ever created,” he predicted, calling it a driver of economic growth and prosperity.

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His advice for white-collar workers uneasy about the next five years?

“Get acquainted with AI,” he said. “Because if you get used to using AI… then you’re going to be more valuable than the people around you.”

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Dentsu Group Inc. (DNTUY) Q4 2025 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Dentsu Group Inc. (DNTUY) Q4 2025 Earnings Call February 13, 2026 5:00 AM EST

Company Participants

Natsuki Morishima – Executive – Group IR Office
Hiroshi Igarashi – President, Group CEO, Representative Executive Officer & Representative Director
Giulio Malegori – Global COO, Executive VP & Global Chief Operating Officer
Takeshi Sano – Deputy Global Chief Operating Officer
Shigeki Endo – Global CFO & Executive Officer

Conference Call Participants

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Masayuki Abe – Daiwa Securities Co. Ltd., Research Division
Eiji Maeda – SMBC Nikko Securities Inc., Research Division
Akitomo Kishimoto – Mizuho Securities Co., Ltd., Research Division
Yoshitaka Nagao – BofA Securities, Research Division
Ryohei Harahata – Nomura Securities Co. Ltd., Research Division

Presentation

Natsuki Morishima
Executive – Group IR Office

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Welcome to Dentsu FY 2025 Earnings Call, and thank you for joining us at this evening. My name is Morishima from the Group IR office, and I will be your conference operator today. This is a reminder that today’s call is being recorded.

Furthermore, this call will be held in Japanese and English with simultaneous translation for those joining online. Please choose your preferred language from the bottom of the Zoom screen. For those joining on the telephone line, you will only be able to hear the original language spoken. Today’s presentation materials are available on our website.

Joining me today are Global CEO, Dentsu, Hiroshi Igarashi.

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Hiroshi Igarashi
President, Group CEO, Representative Executive Officer & Representative Director

[Foreign Language]

Natsuki Morishima
Executive – Group IR Office

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Executive Officer, Executive Vice President and Global Chief Operating Officer, Dentsu and Chairman, and Dentsu Americas, Giulio Malegori.

Giulio Malegori
Global COO, Executive VP & Global Chief Operating Officer

It’s Giulio Malegori, good evening, good morning.

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Natsuki Morishima
Executive – Group IR Office

CEO, Dentsu Japan and Deputy Global COO, Dentsu, Takeshi Sano.

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Takeshi Sano
Deputy Global Chief Operating Officer

[Foreign Language]

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