Author: Lucas

Earnings before interest, tax, depreciation and amortisation (EBITDA) fell 6.3% year-on-year to ₹38.7 crore from ₹41.2 crore in the same quarter last year, while operating margin declined to 10% from 10.8% a year ago.By Asmita Pant  February 11, 2026, 8:03:50 PM IST (Updated)1 Min ReadDollar Industries Ltd reported an 8.5% year-on-year decline in consolidated net profit for the December quarter at ₹18.3 crore, compared with ₹20 crore in the corresponding period last year, according to an exchange filing. The innerwear and hosiery maker’s revenue from operations rose 2% to ₹388.4 crore in Q3 FY26 from ₹380.7 crore a year ago.Earnings…

Yorkshire Building Society is offering a 4.05% variable rate (Image: Getty)Yorkshire Building Society has launched a new savings account offering 4.05% interest. The lender announced its Four Access eSaver on Thursday (February 12), hailing it as offering customers a “simple, flexible way” to grow their money over the year.The account’s 4.05% variable interest rate lets savers withdraw their money on any four days within the year. Yorkshire Building Society said this would help account holders keep on track with future financial goals while remaining ready for any unexpected costs. Tina Hughes, Director of Savings, said: “We know many people are…

Godrej Industries reported its Q3 (October-December) results with consolidated net profit rising 8.7% year-on-year to ₹204.5 crore compared with ₹188.2 crore in the same quarter last year. Godrej Industries’ revenue grew 4.7% to ₹5,051 crore from ₹4,824 crore a year ago. However, EBITDA declined 8.8% to ₹544.1 crore against ₹597 crore a year earlier, leading to a lower operating margin of 10.8% versus 12.4% in the previous year.As per the company’s exchange, the Home Care portfolio grew 12%, aided by robust momentum in air fresheners and fabric care. Personal Care expanded 7%, with hair colour and personal wash gaining market share. The…

Procter & Gamble and the broader consumer staples sector are showing no signs of slowing down.Last year, I picked household and personal products giant Procter & Gamble (PG +0.58%) as my top value stock to buy for 2026. P&G owns dozens of iconic brands across key everyday-use categories such as fabric care, home care, baby care, feminine and family care, healthcare, grooming, and beauty. Investors have turned to P&G as a dividend-paying compounder and have been able to count on the company raising its dividend for 69 consecutive years — significantly longer than the 50-year streak required to be a…

Stay informed with free updatesSimply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox.The UK financial watchdog has fined a former advertising executive and his friend who profited from a key contract announcement, the fourth time in as many months that it has taken action over insider trading. The Financial Conduct Authority said Bhavesh Hirani bought shares for his friend in his employer Bidstack Group, an Aim-listed company that places adverts inside computer games, ahead of its 2021 announcement of a contract with a large video game publisher.Hirani opened a trading account in the…

Artificial intelligence in insurance is no longer confined to pilots or back-office experiments. It is steadily moving into the core operational work that insurers once believed required human intervention alone. This shift now spans underwriting, claims, servicing and finance.   Industry data shows that document processing, claims handling and operational automation are among the fastest-growing AI use cases in insurance. Investment patterns reinforce the trend. The global AI-in-insurance market is projected to grow sharply over the next decade, driven largely by the automation of everyday operational work.   The industry is no longer debating whether AI belongs in insurance. It…

The Dangote Petroleum Refinery has reached its full designed capacity of 650,000 barrels of crude oil per day (bpd), marking what the company describes as a historic milestone and making it the first refinery globally to achieve full nameplate capacity in a single train of that scale.In a statement issued on Wednesday, February 11, 2026, the refinery said the milestone was achieved following the optimisation of its Crude Distillation Unit (CDU) and Motor Spirit (MS) production block, further strengthening steady-state operations at Africa’s largest oil refining facility.As part of the process, the refinery has commenced an intensive 72-hour series of…

Sandy Rennie (left) and Ewan Harris Savills has expanded its presence in the Highlands with the acquisition of Rennie Property Consultants, welcoming Sandy Rennie into its Inverness office. Sandy is a Chartered Surveyor with decades of experience across the Highlands, Islands and Moray. His work includes advising landowners, developers, commercial clients and institutions including strategic consultancy for Highlands and Islands Enterprise. He brings exceptional regional knowledge and a depth of expertise that will further strengthen our professional services in the north. Sandy specialises in buying, selling and managing property assets; landlord and tenant advisory; investment brokerage; valuation; rent reviews; commercial…

Stay informed with free updatesSimply sign up to the Digital currencies myFT Digest — delivered directly to your inbox.The writer is a professor at Cornell, senior fellow at Brookings and author of ‘The Future of Money’The emergence of digital currencies, both private and official, is shaking up domestic and international finance. This will yield many benefits but some things will remain much the same. There are risks, too, with developing economies potentially finding themselves on the wrong side of a widening global financial divide.Consider international payments, which are inherently complicated. They involve multiple currencies, payment systems operating on diverse protocols…

Oil markets are awash in crude, keeping a lid on prices and squeezing drillers. For US refiners, though, the glut is proving a windfall.  The big three US refiners — Marathon Petroleum, Valero Energy Corp. and Phillips 66 — all beat estimates in fourth quarter earnings results reported in recent weeks. On calls with analysts, executives signaled a profitable outlook for 2026 and the years ahead, not least because they’re set to benefit from an influx of cheaper and more readily available heavy crudes.  The divergence reflects a growing imbalance in global fuel markets: demand for gasoline, diesel and jet…