Operator

Thank you for standing by, and welcome to the Oneview Healthcare plc HY ’26 Half Year Results Call. [Operator Instructions] I’d now like to hand the conference over to Mr. James Fitter, CEO. Please go ahead.

James Fitter
CEO & Executive Director

Thanks very much, and good morning to everyone in Australia, good afternoon to those joining from the United States, and good evening to those joining this late hour here in Dublin, Ireland. First of all, I’d like to, as usual, just draw your attention to the legal disclaimer and particularly to our comments around forward-looking statements. I’d also like to remind everyone that we are a calendar year company, so we’re reporting for the first half of 2026 for the 6 months ended June 30 and that our reporting currency is euros. I am joined here in Dublin by Darragh Lyons, our Chief Financial Officer, and Toni Pettit, our Company Secretary, and thank you both for joining me this evening.

So in terms of agenda, as usual, we’ll start with the financial performance. We will look at commercial momentum, updates on product and innovation, the outlook and obviously save some time for questions at the end.

So first half of 2026 has been a period of great progress on our path to scalable growth. Our recurring revenue, which is the true measure of any software business, grew by 13% year-over-year. Our gross margin very pleasingly jumped 9 points from 61% to 70%, offsetting the impact of the decline in nonrecurring revenue, which continues to be lumpy and volatile. In March this year, we completed a $19 million placement in

Federal authorities said an American Airlines flight was abruptly halted Wednesday when two of the aircraft’s tires suddenly blew out as the jet was preparing for takeoff from Chicago — marking a major escalation in a growing number of similar incidents this month.

The incident happened when American Airlines Flight 3280, a Boeing 737, was taxiing at Chicago O’Hare International Airport Wednesday afternoon, the Federal Aviation Administration (FAA) said. 

The flight was bound for Charlotte, North Carolina, according to the air carrier.

“Shortly after ​pushing back ​from ​the gate ​at ​Chicago ​O’Hare ​International Airport ​(ORD), American Airlines flight 3280 experienced a tire ​issue on ​the taxiway,” American Airlines told FOX Business. 

Officials said passengers deplaned via stairs and were safely bused to the terminal. 

TWO PLANES BLOW TIRES WHILE LANDING AT MAJOR U.S. AIRPORT HOURS APART, FAA INVESTIGATING

Travelers were scheduled to depart shortly afterward on a replacement aircraft, American Airlines said. 

According to FlightAware, the passengers arrived at their destination nearly four hours after their original scheduled landing time.

“​We ​never ​want to ​disrupt ​our ​customers’ ​travel plans, and we apologize for the inconvenience this caused,” the company said. 

Ticker	Security	Last	Change	Change %
AAL	AMERICAN AIRLINES GROUP INC.	13.84	-0.11	-0.79%

The FAA said it will investigate.

The blowout marked the fifth reported tire-related incident this month at the Chicago airport, though no clear explanation has yet been identified. 

FAA TO CUT FLIGHTS AT MAJOR U.S. AIRPORT TO REDUCE DELAYS

Last Saturday, American Airlines Flight 3199 suffered a tire burst after landing from Phoenix, according to Simply Flying. The incident occurred as the aircraft was taxiing toward the gate, the outlet said.

On Aug. 17, American Airlines Flight 387 reported two blown tires after landing safely, according to the FAA. The flight had arrived from New York’s LaGuardia Airport. 

Three hours later, United Airlines Flight 739 also reported a blown tire after landing safely, the FAA said. The Airbus A320 had arrived from Omaha, Nebraska. 

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On Aug. 13, United Airlines Flight 455 blew a tire during takeoff while headed to Phoenix, FOX 32 Chicago reported. No injuries were reported. 

Chicago O’Hare International Airport did not immediately respond to a request for comment from FOX Business.

King Charles III views Prince Harry’s return to Britain as a genuine opportunity to help repair his younger son’s fractured relationship with Prince William, according to multiple sources close to the royal family, though royal watchers caution the process is likely to take considerable time.

A source told People that the king’s central hope centers specifically on seeing his two sons reconcile, describing the current moment as an especially promising window given how rare such opportunities have been in recent years. “He will want to see his sons together over time. This is the best opportunity we have seen in recent years,” the source said.

The renewed hope for reconciliation follows Harry’s private, emotional reunion with King Charles last month, a meeting that took place at Highgrove House. An ally told People that the king’s relationship with Harry has shown modest but meaningful improvement since that reunion, describing the encounter in positive terms. “Real positive,” the source said of the meeting’s overall effect on the father-son relationship. The same insider indicated the king is looking forward to having Harry nearby, noting that the family’s relocation eliminates the logistical challenge of arranging brief visits or potential meetings whenever the Sussexes previously traveled from California.

A separate source, cited in earlier People reporting, suggested that Harry’s physical presence in Britain represents a structural shift that simply was not possible while he remained based in the United States. “It would never happen with him in America. This gives them the opportunity to try and mend that bridge,” the source said, framing geographic proximity itself as a necessary, if not sufficient, condition for any eventual reconciliation between the brothers.

Despite that cautious optimism from sources close to King Charles, other royal commentators have suggested that any actual repair work between Harry and William remains a lower near-term priority for the Prince and Princess of Wales specifically. Royal expert Emily Nash told HELLO! during a recent episode of “A Right Royal Podcast” that William and Catherine appear focused on more immediate practical concerns rather than actively pursuing reconciliation with Harry at this stage. “From people I’ve been speaking to who know them, I think they’re very much working on the basis of let’s get the children settled, let’s get started on what we want to do, and then the rest is something to consider down the line,” Nash said.

That characterization suggests a meaningful gap between the king’s stated hopes for his sons and the Wales household’s own current priorities, which appear centered on their own family’s stability, their children’s schooling and their continued royal duties rather than any active effort toward reconciliation with Harry in the near term.

The renewed attention to the brothers’ relationship comes as Harry, Meghan Markle and their children, Archie and Lilibet, prepare to relocate to Britain for an extended stay, with the children set to begin school there in September. That move places Harry back in the country for the first time in years on anything approaching a long-term basis, a shift that eliminates the physical distance that has, since 2020, made it relatively easy for the two branches of the royal family to avoid direct contact with one another.

William and Harry have reportedly remained largely estranged since at least 2022, with multiple royal sources previously indicating the brothers have had little to no direct communication in the years since Harry and Meghan stepped back from their roles as senior working royals. That prolonged estrangement, combined with the public nature of the grievances Harry has aired in his 2023 memoir “Spare” and the couple’s 2021 interview with Oprah Winfrey, has left many royal watchers skeptical that proximity alone will be sufficient to meaningfully repair the relationship, even as King Charles reportedly views the current moment as uniquely promising.

The king’s hopes for his sons’ reconciliation reflect a recurring theme that has surfaced in earlier royal reporting as well, including references in Harry’s own memoir to Charles pleading with his sons following Prince Philip’s 2021 funeral not to let family tensions consume his remaining years. With Charles continuing treatment for cancer first diagnosed in 2024, sources have suggested the king’s desire to see his family reunited carries particular urgency given his own health situation.

As Harry and his family settle into their extended UK stay in the coming weeks, the central unanswered question remains whether King Charles’ hopeful framing of the moment as “the best opportunity we have seen in recent years” translates into any genuine, direct engagement between Harry and William, or whether the brothers’ relationship continues along its current trajectory of limited to no contact despite their shared presence in the same country for the first time in years. Royal commentators including Nash have suggested that any movement toward reconciliation, if it comes at all, is likely to unfold gradually and privately, rather than through any near-term public gesture between the two brothers.

Flash flooding kills more people in the United States each year than tornadoes, hurricanes or lightning, yet many Americans significantly underestimate the danger this common weather hazard poses. Here are 10 facts about flash flooding, drawn from the National Weather Service, NOAA and the National Severe Storms Laboratory, that most people don’t know.

1. Flash floods can develop in as little as three hours

According to the National Weather Service, a flash flood is defined as flooding that begins within six hours, and often in as little as three hours, of heavy rainfall. That narrow window means water can rise dramatically before residents have any meaningful time to prepare, let alone evacuate.

2. Water can rise dozens of feet in under an hour

The speed at which flash floods develop can be extraordinary. During the deadly July 2025 Texas Hill Country flooding, fast-moving waters along the Guadalupe River rose 26 feet in just 45 minutes before dawn, washing away homes and vehicles in the process, according to PBS News.

3. Just six inches of moving water can knock you off your feet

Most people fail to appreciate the sheer physical force of moving floodwater, according to NOAA. Just six inches of fast-moving flood water can knock an adult off their feet, 12 inches can carry away a car, and 24 inches of moving water can pick up an SUV or a truck entirely.

4. More than half of all flash flood deaths happen in vehicles

According to SERVPRO, citing National Weather Service data, more than half of all flash flood deaths occur when someone is swept away while driving into flooded roads. NOAA separately notes that nearly half of all flood fatalities specifically are auto-related, and that it takes only 18 inches of water to float a typical vehicle, while just two feet of flowing water is enough to sweep most vehicles downstream entirely.

5. Flash flood deaths outpace both lightning and tornadoes on average

While the exact number of fatalities varies significantly from year to year, the national 30-year average for flood deaths in the U.S. stands at 88 people annually, according to NOAA. That compares with a 30-year average of just 41 deaths from lightning and 68 deaths from tornadoes over the same period, making flooding the deadlier hazard of the three, despite receiving comparatively less public attention than tornado warnings.

6. 2025 brought the most flash flood warnings issued in decades

The National Weather Service issued more than 3,400 flash flood warnings through July 2025 alone, the highest number of warnings issued in a single year since the 1980s, according to WeatherWorks. Some of that increase reflects genuine improvements in forecasting technology and warning capabilities rather than a purely proportional rise in actual flooding events.

7. Dry creek beds and urban pavement dramatically increase flash flood risk

Densely populated areas face elevated flash flood danger specifically because of how much they’ve been paved over, according to NOAA’s National Severe Storms Laboratory. The construction of buildings, highways, driveways and parking lots increases surface runoff by reducing how much rainfall the ground can naturally absorb, directly increasing flash flood potential in cities and towns compared with more rural, undeveloped terrain.

8. Streams routed underground can flood roads and buildings from below

In many cities, streams have been routed underground into storm drain systems rather than left flowing above ground, according to NOAA. During heavy rainfall, those storm drains can become overwhelmed or clogged with debris, causing water to back up and flood nearby roads and buildings even when no visible stream or river is nearby, a risk factor many urban residents remain unaware of.

9. Meteorologists are now using AI to predict where flash floods will strike

Forecasters have developed increasingly sophisticated tools to anticipate flash flooding before it happens, including a system called Multi-Radar Multi-Sensor, or MRMS, which combines data from weather radars, rain gauges, satellites and numerical models into a single, high-resolution real-time picture. Greg Waller, senior coordination hydrologist at NOAA’s West Gulf River Forecast Center, described the life-saving impact of that improved forecasting capability. “Better inputs lead to better public safety. It’s not hyperbolic to say that this advancement in technology as helped save lives. Because it has improved the accuracy of the forecast and improved the lead time,” Waller said. NOAA researchers are now building on that foundation with the Warn-on-Forecast System, which uses artificial intelligence and machine learning to model multiple potential storm scenarios and predict where and how intensely rainfall is likely to fall.

10. Standard homeowners insurance almost never covers flood damage

Many homeowners mistakenly assume their existing insurance policy will cover flood-related losses, but according to SERVPRO, standard homeowner’s insurance typically does not include flood coverage at all. Protecting a home against flood damage generally requires a separate policy, usually purchased through the National Flood Insurance Program, and that program typically carries a 30-day waiting period before coverage takes effect, meaning homeowners cannot simply purchase a policy in the days immediately before a major storm arrives and expect coverage to apply.

Flash floods remain, according to NOAA, “the most dangerous kind of floods, because they combine the destructive power of a flood with incredible speed.” The agency’s guidance for staying safe during flash flood conditions remains consistent regardless of location: monitor NOAA Weather Radio or a trusted news source for real-time updates, move immediately to higher ground if flooding occurs, avoid already-flooded or fast-moving water entirely, and never attempt to drive through a flooded roadway, since the road bed underneath the water may no longer be intact. As NOAA puts it directly in its official guidance to the public, if floodwater rises above the knee while attempting to cross a flowing stream on foot, the agency’s advice is unambiguous: “TURN AROUND DON’T DROWN.”

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Calamos Investments is a diversified global investment firm offering innovative investment strategies including U.S. growth equity, global equity, convertible, multi-asset and alternatives. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds, an exchange traded fund and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals, as well as the financial advisors and consultants who serve them. Headquartered in the Chicago metropolitan area, the firm also has offices in London, New York and San Francisco.  For more information, please visit www.calamos.com.

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ET Intelligence Group: Shares of PNB Housing Finance have gained 24% in 2026 so far, the highest among peers, most of whom have failed to generate returns. The broader BSE Financial Services index has lost 4% year-to-date. The company’s standout performance on the bourses can be attributed to sustained momentum in loan disbursement and the lender’s growing focus on high-yield segments of affordable and emerging housing amid stable asset quality. The company is expected to report double digit annual growth in disbursements and net profit between FY26 and FY28.

Despite the recent price gain, the stock’s valuation at a trailing price-book (P/B) multiple of 1.6 remains below the two-to-three range for peers. It reflects lower return ratios due to the asset mix tilting more towards prime housing, which has lower yields compared with affordable housing segment. For PNB Housing, return on equity ranges between 11% and 13%. Some of the peers with higher P/B multiples including Aadhar Housing Finance, Aptus Value Housing Finance India and Home First Finance Company India have RoEs of 15-20%. These lenders predominantly focus on low-cost housing.

To address the valuation gap, PNB Housing has chalked out plans to increase share of the affordable and emerging housing segment in retail loan portfolio to 45% by the end of FY27 and to 50% in the next two years from over 40% at present. It also launched financing for developers and micro housing during the June quarter to improve the yield, which remained at around 9.5%, similar to the previous quarter.

Read more: Shifting Gears: PSBs borrow more to cater to credit demand as deposits lag

The lender changed the disbursement recognition method in the June quarter to cheque realisation from cheque handover basis. This resulted in a sharp sequential fall of 37% in disbursements at ₹5,882 crore though it increased by 18% year-on-year. Assets under management (AUM) and total loan book rose by 13% and 15% to ₹93,021 crore and ₹89,670 crore respectively. The gross nonperforming assets (GNPA) ratio remained under 1%, reflecting stable asset quality.

“The re-entry into developer finance, increasing mix of affordable and emerging segments and expansion into micro housing should support yields, while strong disbursement momentum and sustained recoveries underpin growth and profitability,” mentioned JM Financial Institutional Securities in a review report.