Latest Office News

Fiserv has reported a US$6.45 billion non-cash goodwill impairment, sending GAAP earnings deeply negative despite adjusted EPS of US$1.75. The payments group reaffirmed its 2026 outlook while doubling its Project Elevate savings target to US$1 billion.

Sysco delivered modest underlying growth in fiscal Q1 2027 and kept its adjusted EPS and local volume targets intact, while shifting full-year sales expectations to the lower end of its existing range. The quarter also brought a permanent CFO appointment as the company prepares for the proposed Jetro Restaurant Depot acquisition.

Pfizer has lifted its 2026 revenue and adjusted earnings guidance after a quarter in which newer and acquired medicines grew strongly enough to offset steep declines in COVID-19 products. Overall revenue was flat, while reported net income fell 8%.

New Zealand Rural Land Company’s 75%-owned partnership has made the $18.84 million sale of five Hawke’s Bay orchards unconditional. Settlement is expected within five working days, with net proceeds initially earmarked for bank debt repayment, although FY26 earnings guidance remains suspended.

Keysight Technologies has tapped long-time finance executive Jason Kary to replace CFO Neil Dougherty, who is stepping down for personal reasons. The company has left its fiscal fourth-quarter outlook unchanged ahead of results on November 19.

Kimberly-Clark has completed its acquisition of Kenvue, leaving Kenvue shareholders with a mix of Kimberly-Clark stock and cash while ending Kenvue’s life as a standalone listed company. The transaction also transfers Kenvue’s debt and corporate obligations into a new wholly owned subsidiary.

Kimberly-Clark has completed its acquisition of Kenvue, issuing about 281.1 million shares and taking on an integration programme expected to cost US$3.1 billion before tax. The combined group is targeting US$2.1 billion in annual run-rate synergies by reshaping its brands, segments and operating model.

Loews Corporation (NYSE:L) reported third-quarter net income of US$306 million, down 39% from a year earlier, after CNA’s long-term care reserve review cut attributable earnings by US$125 million. Stronger hotel performance and share buybacks offered some support, but CNA’s underwriting trends remain a central concern.

oOh!media shareholders have taken the proposed $1.68-per-share I Squared Capital takeover to its decisive meeting, with proxy and direct votes showing 99.81% support by votes cast. The final poll result was still to be announced, while FIRB approval remains the key outstanding regulatory hurdle.

Euroz Hartleys has completed the sale of its Capital Markets business to BMO Financial Group for A$145 million, subject to completion adjustments. The ASX-listed company will now focus on private wealth and expects to return the post-tax proceeds to shareholders through a fully franked special dividend and an equal return of capital.

Sunrise Energy Metals has approved development of its Syerston Scandium Project in New South Wales, targeting first commercial production in the second half of 2028. The decision moves the project into construction while leaving financing, listing and execution milestones ahead.

Golden Horse Minerals plans to separate its Northern Territory copper assets from its Western Australian gold business through a court-approved Canadian arrangement. Shareholders would retain their Golden Horse shares and receive Sorrel Metals shares, but the transaction still requires approval and leaves funding, tax and listing questions unresolved.