Latest Office News

Global Payments delivered 10% growth in adjusted third-quarter EPS and raised its annual run-rate Worldpay integration synergy target to US$650 million. The company reaffirmed its 2026 outlook, although a wide gap between GAAP and adjusted results keeps integration costs in focus.

The GPT Group has reaffirmed its FY 2026 earnings and distribution guidance after maintaining 97.6% portfolio occupancy in the September quarter. Retail and logistics remained particularly firm, while office leasing improved at Grosvenor Place and a $380 million Brisbane acquisition expanded the group’s value-add partnership.

Southern Cross Media says FY26 earnings fell short of expectations and first-quarter FY27 revenue is lower year on year, despite growing audiences across television, audio and publishing. Management is pressing ahead with a $150 million cost reduction program and expects the group’s new operating shape to be visible by FY28.

GDI Property Group enters FY27 with full occupancy at its flagship Perth offices, a 25% lift in Funds From Operations and a plan to sell more than $100 million of non-core assets. Management is also targeting another 5.0 cents per security distribution, while warning that it may be paid partly or wholly from capital.

Regions Financial expects fourth-quarter net interest income to rise 1% to 2% sequentially, while third-quarter adjusted earnings reached US$622 million. The bank also reported improving non-performing loans and net charge-offs, but flagged interest-rate and commercial credit risks that remain central to its outlook.

HP has turned to former GSK chief Emma Walmsley to lead the company from January, handing her a compensation package featuring a US$30 million inducement equity award. Interim CEO Bruce Broussard will become chair as the company prepares a significant leadership reset.

Aflac’s third-quarter GAAP earnings plunged after a US$1.1 billion investment loss tied largely to portfolio repositioning, masking a more resilient operating result. The insurer raised its Aflac Japan margin outlook and outlined a potential US$1 billion capital release through reinsurance.

SSH Group has reduced hire purchase debt by approximately $7.5 million to $12.8 million while retaining a fleet of more than 250 rental assets. The company has also completed the first phase of its EMS integration, but its proposed Crawford Gold mining contract remains unsigned.

Uber posted another quarter of 20% Gross Bookings growth, lifted non-GAAP earnings sharply and forecast continued momentum into the final quarter of 2026. The company also announced the departure of senior executive Jill Hazelbaker as it prepares to expand its driverless vehicle operations.

Axtec has proposed fintech founder Andy Taylor as its next Managing Director and CEO, pairing the appointment with a A$1 million share placement and a plan to expand beyond real estate payments. The leadership change remains conditional on Taylor completing his cornerstone investment and finalising employment terms.

International Flavors & Fragrances raised the lower end of its 2026 sales and adjusted EBITDA guidance after broad-based third-quarter growth. The stronger operating result sits alongside a US$134 million pre-tax continuing-operations loss and a costly Food Ingredients separation still awaiting completion.

Expeditors delivered a sharp third-quarter acceleration, with revenue up 42% and diluted EPS up 62% as air and ocean volumes strengthened. Demand from AI infrastructure customers helped drive growth, but constrained capacity and Asian port disruption remain material risks.