30, Oct 2026
Hon Hai Technology Group (Foxconn) Unveils 3 Distinctive EV Models At HHTD26
- MODEL A+ expands B2B product portfolios in fastest-growing B-segment SUV
- MODEL K+ SUV playful styling gives nostalgic touches of Japan with neo city pop
- MODEL K taps into kei-class trucks with design language of MODEL T
- Flexing CDMS strength to accelerate electromobility for automotive clients
TAIPEI, Oct. 30, 2026 /PRNewswire/ — Hon Hai Technology Group (Foxconn) (TWSE: 2317) on Friday flexed its contract design and manufacturing service (CDMS) strength for automotive clients by unveiling three new reference electric vehicles aimed at under-penetrated markets, while offering cost competitive options and flexible design platforms.
Two eye-catching SUVs, the MODEL A+ and MODEL K+, alongside the MODEL K compact truck, extend Foxconn’s electromobility progress into the kei-class trucks popular in Japan and brings the Group’s EV range to a total of 12 reference models.
“The new reference EVs join Foxconn’s emerging ecosystem in electromobility that is accelerating time-to-market, time-to-cost and time-to-technology for our customers and partners,” said Jun Seki, Foxconn Chief Strategy Officer for EV.
All three new models were on display at Hon Hai Tech Day 2026 (HHTD26), the flagship annual technology conference of the world’s largest electronics manufacturer and the world premiere stage for the Group’s B2B electric vehicles. On the exhibition floor in Taipei, Foxconn’s electromobility ecosystem included demos of full stack, made in Taiwan battery developments from materials to cells and packs to BMS; E/E architecture; and powertrains for E2W and E3W.
Among EVs on display, a right-hand drive MODEL B gave attendees a chance to check out the result of CDMS collaboration, while onstage, Honda R&D and Mitsubishi Electric Mobility discussed, in separate remarks, their electromobility developments with Foxconn.
MODEL A+
An expressive luxury style yet authentic SUV for affluent drivers, the MODEL A+ is a deliberate move to expand B2B product portfolios in the fastest-growing B-segment SUV. With In-Wheel Motor technology and selectable EEA, a wild exterior design but ultimate space interior addresses flood capability emergencies, temporary living space and backup power for glamping and camping electromobility lifestyles.
MODEL K+
This is an expressive yet affordable SUV designed for active youth. Playful styling with nostalgic touches recall Japan’s city pop music era of the ’70s and ’80s, but with a neo city pop take for the modern day. The highly distinctive lifestyle SUV for a niche market targets B2B looking to develop their own brand’s lifestyle SUV EV, as well as OEMs looking to offer affordable yet distinctive vehicles for younger customers. With In-Wheel Motor technology, the MODEL K+ offers personalization of exterior, interior, driving range, and EEA for purpose-built capability at a competitive price.
MODEL K
This is a functional yet futuristic truck for forward-thinking business owners. Aimed at the specialized commercial kei truck class, the MODEL K finds use as last-mile and mobility service applications. Its alignment to support compliance to environmental regulations makes it attractive for decarbonization-focused entrepreneurs, municipalities, and government agencies while offering lower total cost of ownership (TCO) through reduced energy and maintenance costs. A functional beauty, inspired by the design language of Foxconn’s award-winning MODEL T electric bus, the canopy-ready MODEL K conceptualizes a lower bed height and longer bed length.
Other reference EV models to-date:
- MODEL T large bus
- MODEL C passenger SUV
- MODEL E luxury sedan
- MODEL B crossover SUV
- MODEL V truck
- MODEL N cargo van
- MODEL D LMUV
- MODEL U midi-bus
- MODEL A modular B-segment
About Foxconn here.
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30, Oct 2026
martinwolf Hires Liam Rawling
SCOTTSDALE, Ariz. – Oct 30– martinwolf, a leading lower middle-market M&A advisory firm focused exclusively on the IT sector, announced the hiring of Liam Rawling as Analyst. In this role, Liam is responsible for supporting the execution of M&A advisory engagements across the firm, with a focus on financial analysis, valuation, and diligence.
“During Liam’s internship with the firm, he demonstrated the tenacious always-fight-for-our-client attitude that sets us apart from other M&A advisors,” said Seth Collins, Managing Partner at martinwolf. “We’re glad to have him with us full time as we continue to build the next generation of talent at martinwolf.”
Liam supports sell-side processes across the IT services and software sector, analyzing business performance, conducting company and industry analyses, and preparing client materials throughout the transaction process. He has been instrumental in the firm’s AI adoption and implementation strategy and will also lead publication and maintenance of martinwolf’s Scoreboard, an ongoing tracker of valuation trends and acquisition activity in the middle market.
“martinwolf is a true specialist advisor, and I’m proud to join such an experienced team of industry experts,” added Rawling. “I look forward to helping our clients achieve their desired deal outcomes as M&A activity in the IT world continues to grow.”
Liam previously served as an Information Technology Analyst at Villanova’s student-managed “Wildcat” investment fund and participated in the Villanova Mergers & Acquisitions Society. He graduated from the Villanova School of Business with a Bachelor’s of Business Administration in Finance.
30, Oct 2026
Bhubaneswar Police Recover 307 Lost Mobile Phones, Return Them to Owners
Bhubaneswar, Oct 30 (UDN): In a major initiative to reunite people with their lost belongings, the Bhubaneswar Urban Police District (UPD) has recovered 307 mobile phones that were reported lost or stolen at different times and returned them to their rightful owners.
Pic Credit: x.com/cpbbsrctc
The recovered mobile phones were formally handed over to their respective owners during a special programme organised at the Police Seva Sadan in Bhubaneswar.
Police Commissioner Dr Suresh Deb Datta Singh, IPS, attended the programme along with other senior police officials and personally witnessed the handover of the recovered devices.
307 Mobile Phones Returned to Owners
The recovery drive marks an important step by Bhubaneswar Police towards addressing complaints related to lost and stolen mobile phones and ensuring the return of recovered devices to their rightful owners.
The phones had reportedly gone missing on different occasions, following which efforts were undertaken by the Bhubaneswar UPD to trace and recover them.
The successful recovery has brought relief to hundreds of people who had lost their mobile phones and were waiting to get them back.
Police Reiterate Commitment to Public Service
Sharing details of the initiative through its official social media account, the Commissionerate Police highlighted its commitment to protecting citizens and their property.
The police department reiterated that public safety, prompt assistance and service to citizens remain among its key priorities.
The initiative also reflects the importance of police-public cooperation in tracing missing belongings and addressing everyday grievances.
Commissionerate Police Emphasises People-First Approach
The return of 307 recovered mobile phones is being seen as a significant public-service initiative by the Bhubaneswar Police.
Through such recovery drives, the Commissionerate Police aims to strengthen public confidence and demonstrate its commitment to ensuring that citizens receive assistance in recovering their lost property.
The department has reaffirmed its resolve to continue working towards the safety and security of people across the Bhubaneswar-Cuttack Commissionerate area.
30, Oct 2026
Odisha Weather Alert: Fresh Depression Likely Over Bay of Bengal by October 31, Rainfall Expected From November 1
Bhubaneswar, Oct 30 (UDN): Odisha may face another spell of rainfall as a fresh weather system over the Bay of Bengal is likely to intensify into a depression by October 31, according to the India Meteorological Department (IMD).
Representational Image
The impending weather development comes at a time when several parts of Odisha are still recovering from the impact of Cyclone Arnab, with flooding, waterlogging and disruptions continuing in affected districts.
The IMD has indicated that the developing system could intensify further over the following two days and move towards the Andhra Pradesh coast. Its influence is likely to trigger fresh rainfall in Odisha from November 1.
Low-Pressure System Developing Over South Andaman Sea
According to the meteorological department, a low-pressure area has formed over the South Andaman Sea and is expected to move gradually west-northwestwards.
The system is likely to concentrate into a depression over the southeast Bay of Bengal and adjoining areas by October 31.
IMD Director General Dr Mrutyunjay Mohapatra said the weather system could gain further strength after developing into a depression before moving towards the Andhra Pradesh coast over the subsequent two days.
The projected movement and intensification of the system are being closely monitored by meteorologists.
Odisha May Witness Another Spell of Rain
The approaching system could influence weather conditions across Odisha from November 1, bringing the possibility of fresh rainfall to parts of the state.
The development has raised concerns as several districts are already dealing with the aftermath of heavy rainfall associated with Cyclone Arnab.
Additional precipitation could create further challenges in areas experiencing waterlogging and flooding, particularly where rivers and reservoirs are still responding to the earlier spell of heavy rain.
However, the precise distribution and intensity of rainfall will depend on the system’s subsequent movement and development.
IMD Keeps Close Watch on Developing System
The weather department is monitoring the low-pressure system’s trajectory, intensity and potential impact on the eastern coast.
Further updates regarding rainfall distribution, possible intensification and the likely impact on Odisha are expected as the system develops.
With another weather system approaching the Bay of Bengal, residents, particularly those in previously flood-affected areas, are advised to remain attentive to official IMD forecasts and advisories.
The coming days will be crucial in determining whether the developing depression brings another significant spell of rain to Odisha.
30, Oct 2026
India’s GDP Growth Pegged at 7.35 pc in Q2 FY27, Finance Ministry Sees Strong Economic Momentum
New Delhi, Oct 30: India’s economy is estimated to have expanded by 7.35 per cent during the July-September quarter of the current financial year (FY27), driven by robust domestic demand, rising consumption and improved industrial performance, according to the Finance Ministry’s latest Monthly Economic Review.
Representational Image
The estimate, generated through the ministry’s nowcasting model, indicates that the Indian economy has maintained a strong growth trajectory, although the projected expansion is slightly lower than the 7.8 per cent growth recorded in the April-June quarter.
The October review noted that several high-frequency economic indicators showed encouraging performance during the second quarter, pointing towards sustained economic activity across major sectors.
GST Collections, Automobile Sales Boost Growth Outlook
The Finance Ministry highlighted improved performance in key economic indicators, including industrial production, electricity consumption, port activity, Goods and Services Tax (GST) collections and automobile sales.
Gross GST collections registered growth of approximately 15 per cent during the July-September quarter, significantly higher than the 8.4 per cent increase recorded in the previous quarter.
The automobile sector also witnessed strong momentum, with domestic vehicle sales rising by around 25 per cent year-on-year. The increase was supported by healthy demand across both rural and urban markets.
According to the review, these indicators reflect the resilience of domestic economic activity and the continued strength of consumption demand.
Manufacturing and Services Activity Improve
The report also pointed to a recovery in business activity towards the end of the September quarter, with manufacturing and services sectors showing signs of improvement.
The Purchasing Managers’ Index (PMI) readings strengthened in September, indicating improved business conditions and a more favourable operating environment.
The Finance Ministry observed that the recovery in PMI indicators, alongside improving business sentiment, offered a cautiously positive outlook for the coming months.
Domestic Demand to Support Growth in FY27
Looking ahead, the ministry expects domestic consumption, investment activity and ongoing structural reforms to remain important drivers of India’s economic expansion during the remainder of FY27.
Healthy credit growth and recently concluded trade agreements are also expected to provide additional support to consumption, investment and export activities.
The review suggested that sustained demand and improving business conditions could help maintain the economy’s growth momentum in the coming quarters.
Global Risks Remain a Concern
Despite the positive domestic outlook, the Finance Ministry cautioned that external economic uncertainties could create challenges for India’s growth prospects.
Rising crude oil prices, geopolitical tensions and persistent inflationary pressures remain key risks that could affect economic stability and business confidence.
The ministry noted that these global developments will require close monitoring even as domestic economic fundamentals continue to provide support.
30, Oct 2026
Odisha Signs Four International MoUs in Singapore to Boost Clean Energy Research and Innovation
Bhubaneswar, Oct 29 (UDN): Odisha has stepped up its efforts to strengthen the clean energy sector through international collaboration, with the State Energy Department signing four Memoranda of Understanding (MoUs) with global technology companies and research partners in Singapore.
Pic Credit: x.com/EnergyOdisha
The agreements were signed during the Asia Clean Energy Summit (ACES), organised as part of Singapore International Energy Week (SIEW) 2026, held from October 27 to 29.
The partnerships aim to promote research, innovation and technological development in key areas, including artificial intelligence (AI), digitalisation, battery energy storage systems, smart grids, microgrids and green hydrogen.
Nanyang Technological University (NTU), Singapore, will serve as the knowledge partner for the collaborations, providing research support and technical expertise to advance Odisha’s clean energy ambitions.
Four Agreements Target Emerging Energy Technologies
The four MoUs cover different aspects of clean energy research and technological advancement.
Under the agreement with Tata Consultancy Services (TCS), Singapore, the focus will be on joint research into digitalisation and AI-powered workbench solutions. These technologies are expected to support smart governance and improve consumer services in the energy sector.
The partnership with Singapore-based VFlowTech will focus on advanced flow battery technologies, with the objective of strengthening energy storage capabilities and improving grid resilience.
Similarly, the MoU with PHENOGY, Singapore, will facilitate research and development of sodium-ion battery-based Battery Energy Storage Systems (BESS) for grid applications.
The fourth agreement, signed with Finland-based DANFOSS Drives Oy, will focus on next-generation microgrids, smart grid integration and green hydrogen production.
Deputy CM Highlights Importance of Global Collaboration
Deputy Chief Minister Kanak Vardhan Singh Deo welcomed the Energy Department’s initiative, describing international partnerships as an important step towards building a sustainable and technologically advanced energy ecosystem in Odisha.
He said the State is committed to developing a future-ready energy sector through innovation, research and cooperation with leading global institutions and companies.
According to the Deputy Chief Minister, the agreements will create opportunities to explore advanced technologies in energy storage, artificial intelligence, smart grids and green hydrogen.
He further emphasised that such collaborations could strengthen Odisha’s renewable energy ambitions, improve energy security and position the State as an emerging destination for clean energy investment and innovation.
Odisha Focuses on Future-Ready Energy Infrastructure
The latest agreements reflect Odisha’s growing emphasis on research-driven development and the adoption of emerging clean energy technologies.
With renewable energy integration becoming increasingly important, technologies such as advanced batteries, smart grids and microgrids are expected to play a significant role in ensuring reliable and efficient electricity supply.
The collaboration with international technology companies and NTU is expected to provide a platform for knowledge exchange, research partnerships and the exploration of innovative energy solutions.
Through these initiatives, Odisha aims to strengthen its clean energy ecosystem while supporting the broader transition towards a sustainable, resilient and low-carbon energy future.
30, Oct 2026
OPSC Mains Exam: Aspirants Seek 15-Day Postponement Amid Flood Disruptions Across Odisha
Bhubaneswar, Oct 30: With flood-related disruptions continuing in several parts of Odisha following the recent cyclone, candidates appearing for the Odisha Public Service Commission (OPSC) Mains examination have urged the authorities to defer the examination by at least 15 days.
Representational Image
The examination is scheduled to commence on October 31, but aspirants from several districts, particularly southern Odisha, have raised concerns over transportation difficulties, disrupted connectivity and waterlogging in their respective areas.
Candidates have appealed to both the state government and the OPSC to reconsider the examination schedule, arguing that the prevailing situation could prevent many aspirants from reaching their designated examination centres on time.
Cyclone Disruptions Add to Candidates’ Concerns
The OPSC Mains examination was originally scheduled to begin on October 29. However, in view of the approaching cyclone, the commission rescheduled the examination to October 31.
Although the cyclonic system has moved away, its aftermath continues to affect normal life in several parts of the state. Waterlogging, damaged roads and flood-like conditions have created fresh challenges for candidates preparing to travel to examination centres.
Aspirants from southern Odisha have expressed particular concern, saying that transportation services remain disrupted in some areas. Train services have reportedly been affected on certain routes, while irregular bus operations have added to the difficulties faced by candidates.
Aspirants Seek Fair Opportunity
Apart from travel-related challenges, several candidates have pointed out that the adverse weather conditions and flooding have also affected their examination preparations.
Disruptions at home, difficulties in accessing study materials and uncertainty over transportation have added to the stress of candidates who have been preparing for the competitive examination.
Aspirants believe that conducting the examination under the prevailing circumstances could put candidates from cyclone- and flood-affected regions at a disadvantage compared to those from relatively unaffected areas.
They have, therefore, requested the commission to grant an additional 15 days before conducting the Mains examination so that all candidates get a fair and equal opportunity to appear.
Decision Awaited From OPSC
With the examination date approaching, candidates are awaiting an official response from the commission regarding their demand.
The aspirants have maintained that their appeal is not for an indefinite postponement but for a reasonable extension to allow transportation services and normal connectivity to improve across affected districts.
Whether the OPSC will reconsider the October 31 schedule remains to be seen. For now, uncertainty continues among candidates, particularly those travelling from flood-affected parts of Odisha.
29, Oct 2026
Star Health reports Normalised PAT of ₹390 Crores in Q2 FY27, up 70% YoY, fifth successive quarter of underwriting profit improvement
CHENNAI, India, Oct. 29, 2026 /PRNewswire/ — Star Health and Allied Insurance Company Limited (“Star Health”), India’s largest standalone health insurer, today announced its financial results for the quarter and half-year ended September 30, 2026. The company’s Normalised Profit After Tax increased 70% YoY and stands at ₹390 Crores in Q2 FY27. Underwriting Profit swung positively from a loss of ₹40 Crores in Q2 FY26 to a profit of ₹99 Crores in Q2 FY27.
The Company’s Underwriting Profit for H1 FY27 swung positively from a loss of ₹24 Crores in H1 FY26 to a profit of ₹210 Crores in H1 FY27. Underwriting Profit for H1 FY27 exceeded FY26 full year underwriting profit of ₹198 Crores.
Performance highlights for Q2 FY27
Business Performance
- GWP (Reported 1/N basis) increased 19% YoY to ₹5,275 Crores
- Retail Health fresh GWP (Reported 1/N basis) increased 35% YoY
Financial Performance
- Underwriting Profit: ₹99 Crores compared to a loss of ₹40 Crores in Q2 FY26
- Normalised Profit After Tax: ₹390 Crores (70% YoY Growth | Q2 FY26: ₹229 Crores)
- Profit After Tax (PAT): ₹265 Crores (233% YoY growth | Q2 FY26: ₹80 Crores)
- Combined Insurance Service Ratio (CISR): 98.0% (improvement of 2.9% over 100.9% in Q2 FY26)
Performance highlights for H1 FY27
Business Performance
- GWP (Reported 1/N basis) increased 19% YoY to ₹9,562 Crores
- Retail Health fresh GWP (Reported 1/N basis) increased 36% YoY
Financial Performance
- Underwriting Profit: ₹210 Crores compared to a loss of ₹24 Crores in H1 FY26
- Normalised Profit After Tax: ₹775 Crores (56% YoY Growth | H1 FY26: ₹496 Crores)
- Profit After Tax (PAT): ₹815 Crores (57% YoY growth | H1 FY26: ₹518 Crores)
- Combined Insurance Service Ratio (CISR): 97.9% (improvement of 2.4% over 100.3% in H1 FY26)
The Company tracks profitability through its ‘Normalised PAT’ framework, which is pegged to a normalised annual investment yield of 8% to provide a view of underlying profitability insulated from short-term mark-to-market volatility. Normalised PAT for Q2 FY27 increased 70% YoY to ₹390 Crores and increased 56% YoY to ₹775 Crores for H1 FY27.
Claims Excellence & Customer Trust
- Star Health settled 22.5 lakh claims during H1 FY27
- Retail Claims Settlement Ratio improved by 1.4% to 92.4% for H1 FY27
- Persistency improved by 4% YoY to 102%
- Company Net Promoter Score (NPS) increased by 4 points to 65
The Company continued to strengthen its claims ecosystem through AI/ML-enabled analytics, network management, wellness interventions, teleconsultation and technology-led claims processing, with the objective of improving precision, efficiency and customer experience.
Digital First approach
Digital remained a key lever for both growth and efficiency during the quarter. The Company’s proprietary Digital D2C channel was the fastest-growing channel with 137% YoY growth in H1 FY27, led by younger customers, higher sum-insured levels and increased participation beyond Metro cities.
97% of fresh policies were sourced digitally, reflecting the depth of digital adoption across the Company’s retail distribution franchise.
During the quarter, the Company upgraded its customer relationship management platform to Salesforce, sharpening lead management and conversion in D2C, and scaled up AI-powered bots across customer acquisition and service. More than half of active agents now use ATOM PRO, the Company’s AI-enabled distribution platform. The Star Health Customer App exceeded 17 million downloads, with 1.5 million monthly active users. In claims, 96% of claims are now processed on the Company’s new AI-enabled platform, with strengthened detection of fraud, waste and abuse.
Distribution Strength
Star Health’s proprietary distribution continued to drive growth, with Agency and Digital D2C together contributing over 90% of GWP in H1 FY27. The Company added 39,000 agents during the half year, taking its agency force to 8.7 lakh, the largest among standalone health insurers, while agent productivity rose 19% YoY. 93% of fresh business came from customers buying health insurance for the first time, and non-metro geographies contributed over 65% of fresh business.
CEO Commentary
Commenting on the performance of the Company, Mr. Anand Roy, CEO & Managing Director, Star Health and Allied Insurance Company Limited, said:
“Our customers are at the heart of how we measure progress. This progress is reflected not only in our financial growth, but also in the confidence customers place in us and their experience when they need healthcare support. Persistency improved by 4% YoY to 102%, while our Company Net Promoter Score increased by 4 points to 65. These measures reinforce our focus on earning customer trust through simpler service, responsive support and a smoother claims experience. We are strengthening provider relationships and expanding wellness initiatives to support customers beyond claims, while investing in AI and digital capabilities to make access and service more seamless. Q2 FY27 marked our fifth successive quarter of improvement in underwriting results, and our first-half underwriting profit exceeded that of the entire previous year. This progress supports our commitment to building a resilient business that delivers lasting value for customers and shareholders.”
About Star Health and Allied Insurance: Star Health and Allied Insurance Company Limited (NSE: STARHEALTH) (BSE: 543412), one of India’s leading standalone health insurance companies, commenced operations in 2006 as India’s first standalone health insurance company. Star Health provides Health, Personal Accident and Travel Insurance to its customers. The Company has grown to emerge as one of the preferred health insurance companies in India with several pioneering products and services to its credit. With customer-centricity at its core, the Company has developed superior and innovative product offerings, service capabilities and a seamless claims management process. Star Health offers tailor-made products to cater to needs such as cancer, diabetes and cardiac illnesses, as well as specific segments such as senior citizens, women and children. Star Health is India’s first health insurance company to settle over 1 crore claims.
Star Health and Allied Insurance Co. Ltd. has a strong multi-channel distribution network of 900+ offices, 8.7 lakh agents and robust bancassurance and financial institution partners. The Company has 17,000+ network hospitals and 18,500+ employees.
Talk to Star: helping policyholders plan care with confidence: Star Health offers guided support through 7200 222 333 for eligible policyholders seeking Home Healthcare or planned hospitalisation assistance. Customers can call the number and press 1 for Home Healthcare or press 2 for planned hospitalisation. The service helps customers understand coverage, network hospital options, the cashless process, required documents and care pathways before admission or home-based treatment. Non-policyholders can access free 24/7 Virtual OPD consultations through the Star Health Customer app.
For more information visit www.starhealth.in
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29, Oct 2026
Landis+Gyr Announces Second Quarter and First Half FY 2026 Financial Results
CHAM, Switzerland, Oct. 29, 2026 /PRNewswire/ — Landis+Gyr Group AG (SIX: LAND), a global energy technology leader driving intelligent innovation across the grid, today announced unaudited financial results for its second quarter and the first half FY 2026 ended September 30, 2026.
Q2 FY 2026
- Net revenue of $269.2 million with a record adjusted gross margin* of 38.0% and an order intake of $170.3 million achieved in the quarter
First Half FY 2026
- Order intake of $337.3 million, representing a book-to-bill ratio of 0.7x, with a backlog of $3.7 billion
- Major contract award post H1 close in October resulting in $509 million order intake
- Net revenue of $501.4 million, a decrease of 6.3% year-over-year, driven by project transition timing
- Adjusted gross profit* increased 4.0% to $189.2 million, with gross margin expanding 370 basis points to 37.7%
- Adjusted EBITDA* grew 3.5% to $73.9 million, corresponding to a margin of 14.7%, up 140 basis points
- Income from continuing operations of $51.1 million or $1.84 per share (diluted), an increase of 268%
- Operating Cash Flow of $74.0 million with continued focus on working capital management
Strategic Initiatives and Outlook
- Completed in October the return of $175 million to shareholders through share repurchases as announced with the EMEA divestment
- Continued progress toward a U.S. listing while retaining the Swiss listing
- Updated FY 2026 guidance: narrowing the net revenue range to between $1,085 and $1,115 million while raising adjusted EBITDA margin to between 15.0% and 16.0%
“Our first half FY2026 top-line performance was in line with expectations and reflected the timing of transition between two major customer deployments, while our continued focus on operational excellence resulted in a record adjusted gross margin in the second quarter,” said Peter Mainz, Chief Executive Officer of Landis+Gyr. “We continue to execute on our strategic trans-formation and returned the proceeds from the EMEA divestment to our shareholders as prom-ised. In recent months we also made further progress in our preparations toward a U.S. listing.”
Davinder Athwal, Chief Financial Officer of Landis+Gyr, commented: “We expect a strong second half of FY 2026, supported by the ramp-up of new customer deployments and continued improvements in profitability, as reflected in our increased adjusted EBITDA margin guidance of 15% to 16%.”
Read the full ad hoc announcement here.
* For a reconciliation of non-GAAP measures, see chapter “Supplemental Reconciliations and Definitions (unaudited)” in this ad hoc announcement.
About Landis+Gyr
Landis+Gyr is a global energy technology leader, delivering intelligent solutions that connect devices, data, and decisions across the grid. Trusted by more than 2,000 utilities worldwide, we transform traditional devices into intelligent, networked sensors, giving utilities real-time grid visibility and system control. With these combined insights, electric, gas, and water companies can anticipate demand, optimize operations, and deliver energy that’s more reliable, resilient, accessible, safe, and sustainable for everyone. For more information, please visit our website www.landisgyr.com.
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29, Oct 2026
FP Markets: A Democratic sweep is the market’s base case
LIMASSOL, Cyprus, Oct. 29, 2026 /PRNewswire/ — Control of Congress is the focus on 3 November, as US citizens gear up to vote for all 435 House seats and 35 Senate seats. Importantly, the Midterm elections will help define the trajectory of President Donald Trump’s remaining time in office – a topic that has naturally been in the spotlight recently.
Republicans hold 218 House seats to the Democrats’ 214, and a 53-47 Senate majority. A party needs 218 seats to control the House, so Democrats would need to gain about four seats. Winning the House puts the Speaker’s gavel in Democrats’ hands, enabling them to control which bills reach a vote.
Prediction markets (Polymarket) heavily lean in favour of a Democratic win. As of 29 October, markets priced in a 67% chance of a Democratic sweep of both chambers, a Democratic House with a Republican Senate at 28%, and a Republican sweep at 6%. Separately, the odds show a 93% probability of Democrats winning the House. Based on these odds, a sweep is on the table, but nevertheless far from certain.
FP Markets Chief Market Analyst Aaron Hill commented: ‘With US stock benchmarks at record highs, a key – and let’s face it, obvious – question for many investors is whether equities can remain bid following the Midterms. While I will be the first to say history can never guarantee future performance, studies by JP Morgan suggest that since the 1950s, the S&P 500 has delivered positive returns in the year following each Midterm election. If we see a divided Congress, not much changes, in my view, and it could ease some pressure on longer-dated yields. A Democratic sweep, nevertheless, will raise questions about corporate taxes and regulation, and perhaps serve as a headwind for stocks’.
To take advantage of potential market moves, traders and investors at FP Markets can access a wide selection of key asset classes through world-class trading platforms. These include CFDs on US indices such as the S&P 500 and Nasdaq, major USD FX pairs, and gold and oil, allowing them to trade market reactions as results come in.
About FP Markets:
FP Markets is a global, multi-regulated, award-winning broker established in Sydney, Australia in 2005. The broker offers 10,000+ CFD instruments across seven asset classes, available on industry-leading platforms including MetaTrader 4, MetaTrader 5, TradingView, and cTrader.
FP Markets’ regulatory presence includes the Australian Securities and Investments Commission (ASIC), the Financial Services Authority (FSA) in Seychelles, the Financial Sector Conduct Authority (FSCA) of South Africa, and the Capital Markets Authority (CMA) of Kenya.
For more information, visit www.fpmarkets.com
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