Business
LSEG sells stake in Post Trade Solutions to global banks
The London Stock Exchange Group (LSEG) has struck a deal to sell a minority stake in its Post Trade Solutions to a group of banks including JP Morgan and Barclays.
In an announcement alongside its latest financial results, LSEG said it will sell a 20% stake in the division to a group of 11 global banks.
The firms will pay a total of £170 million to invest into the Post Trade Solutions business, which provides risk management services to the uncleared derivatives market.
It will value the business, which generated revenues of £96 million and earnings of £16 million last year, at around £850 million.
The banks involved in buying a stake in the business are all significant customers of the division and LSEG’s clearing services.
It came as LSEG reported that profit margins are on track to be at the “top” of its guidance for the year after positive trading over the past quarter.
Total income grew by 6.4% over the quarter to the end of September, as it was buoyed by strong growth in its risk intelligence arm, which grew 13.9%.
Meanwhile, it saw 9.3% growth in its FTSE Russell business and a 4.9% rise in data and analytics.
The company also hailed “continued strong” growth across its subscription businesses.
David Schwimmer, chief executive of LSEG, said: “We continued our strong momentum in Q3, driving growth across all business lines.
“We are also improving profitability and are now expecting EBITDA (earnings before interest, tax, depreciations and amortisation) margin at the top of guidance for 2025.
“We have significantly accelerated our strategic progress in the last few months, driving the long-term growth potential of the business: we have launched a series of innovative new products for customers positioning LSEG as the partner of choice in AI with the likes of Microsoft and Databricks.”
Shares in the FTSE 100 firm moved 6% higher in early trading.
Business
Walmart and Alquist strike landmark deal, jump-starting 3D-printed commercial real estate
Construction company Alquist 3D worked with Walmart last year to build a nearly 8,000-square-foot 3D printed addition to its store in Athens, Tennessee.
Alquist
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Walmart partnered with construction company Alquist 3D last year to build an almost 8,000-square-foot addition to its store in Athens, Tennessee, for online order pickup and delivery services. It is the largest 3D-printed commercial structure in the U.S. and, despite a bumpy start, a key proof of concept for the technology’s commercial viability.
Alquist, based in Greeley, Colorado, just announced it will now print more than a dozen new Walmart buildings, as well as buildings for other commercial retailers, in what is arguably the largest-scale commercial real estate deployment of this technology, which has mostly been used in residential construction so far.
As part of that deal, Sika, one of the world’s largest construction materials companies, with a heavy focus on sustainability, will provide materials to Alquist for all future 3D-printed projects and licensees. This will streamline Alquist’s national pipeline, lower material and freight costs, and accelerate development of more sustainable mixes for large-scale 3D-printed construction — including the commercial projects rolling out with Walmart, according to Alquist.
“This collaboration positions Sika at the forefront of next-generation construction, opening new markets and creating long-term growth opportunities,” said Noah Callantine, 3D concrete printing engineer and field service specialist with Sika.
It is a clear turning point in CRE construction, which has been notoriously slow to modernize. The new technology has started to grow in the homebuilding market, but has been far slower in commercial construction, simply due to the size of the printers needed to create larger buildings.
Alquist, which designs and builds the larger-scale printers, as well as develops the code and software to operate them, started in the residential sector. It is now partnering with a large equipment rental dealer and a full-service general contractor to scale the technology commercially nationwide. Doing so helps to lower the high cost of materials, as well as the labor, which needs to be both trained and local, according to Alquist.
“The way to bring prices down [for] anything is to get volume, and as you get volume, you get the attention of suppliers. They see that it matters, and the more that they make, the cheaper that they can bring their supply chain down,” said Patrick Callahan, CEO of Alquist.
Growing pains
Construction company Alquist 3D worked with Walmart last year to build a nearly 8,000-square-foot 3D printed addition to its store in Athens, Tennessee.
Alquist
Callahan’s background is in defense technology, not construction, and he has positioned Alquist as a tech company. He said he follows the mandate of company founder Zach Mannheimer to find ways to build residential and commercial buildings and infrastructure faster, cheaper, better and greener.
He admitted the first project in Athens took far too long, as they worked out the kinks in both managing the materials and implementing the technology to print their first commercial building.
“It was a sort of classic Silicon Valley failing forward job,” Callahan said. “We were not part of the design process. They changed permitting. … The general contractor that we fell under met us about a week before we started, and nobody had ever done this before.”
The second project, a 5,000-square-foot Walmart pickup center in Huntsville, Alabama, took just seven days to complete.
3D labor
While the projects take far fewer workers, they need to be more highly trained than typical construction trades. Alquist partners with trade schools for its curriculum, introducing robotics and green materials. Callahan said that has been more attractive to what has been a severely reduced construction labor market in recent years.
“You’re not necessarily throwing rocks around up on a scaffolding, but using robotics in a safe, clean environment,” Callahan said. “We’ve seen a lot of what used to be traditional construction folks that kind of pushed back, they’re now leaning in.”
Growing competition
Icon Build, the largest residential 3D printing technology company, is also starting to dip its toes into commercial construction. It has completed a hotel project and is now in talks with potential commercial partners, including for construction of data centers. Its forthcoming Titan printer will be able to handle those larger-scale projects.
“I think once that’s out in the world, showing what it can do, verifying the cost estimations that we’re making to customers, I think that’ll probably open a lot of people’s eyes,” said Jason Ballard, co-founder and CEO of Icon. “I think we should expect to see a lot of interest in alternative ways of construction, data centers and other kinds of commercial things as well.”
But Ballard sees more headwinds than Callahan, particularly when it comes to labor. He said data centers are already “sucking up a lot of the labor in the market.” He added that 3D printing for commercial buildings will have similar pressures as residential to build more affordably and more quickly relative to conventional construction methods.
That said, Ballard said next year Icon will be manufacturing at least one of the new Titan printers each month, setting itself up to scale construction dramatically. Those printers will be able to create most types of industrial commercial buildings, although they are not ready for high rises.
“If we do what I expect that we’re going to be able to do next year and show, both on the revenue side, the cost side, the technology advancement side — I think we’ll grow over 300% next year, and we were already pretty busy this year,” Ballard said. “I think the world’s going to start to say, perhaps there are real opportunities to do better, beyond the pilot scale.”
Business
Sensex, Nifty Slip Ahead Of US Fed Decision; Sensex Falls 275 Points
Mumbai: Benchmark indices Sensex and Nifty closed lower on Wednesday as investors stayed cautious ahead of the US Federal Reserve’s monetary policy decision due later in the day.
The Sensex fell 275.01 points, or 0.32 per cent, to finish at 84,391.27. The Nifty also slipped 81.65 points, or 0.32 per cent, to settle at 25,758.
“Structurally, Nifty continues to face strong supply in the 25,940–26,050 zone, keeping the broader setup range-bound to mildly bullish,” market watchers said.
“A decisive breakout above 26,000 remains essential to revive upside momentum. On the downside, a sustained break below 25,700 could expose the index to 25,600–25,500, with volatility expected to intensify near these support clusters,” they added.
Bank Nifty also ended marginally lower — indicating a pause in the prevailing uptrend rather than a trend reversal.
The index opened near 59,280, moved up to 59,440, but later slipped to an intra-day low of 58,850 before closing around 58,990, down nearly 0.4 per cent.
Among the Sensex stocks, Tata Steel, Sun Pharma and ITC were the top performers. On the other hand, Eternal, Trent and Bharti Airtel dragged the index down with notable losses.
The mood was weak in the broader market as well. The Nifty MidCap 100 index declined 1.12 per cent, while the Nifty SmallCap 100 index shed 0.90 per cent by the close.
Sector-wise, consumer durables stocks saw the sharpest fall, with the Nifty Consumer Durables index tumbling 1.72 per cent.
IT and PSU bank shares also slipped, down 0.89 per cent and 0.70 per cent, respectively.
In contrast, Nifty Metal and Nifty Media indices ended the day on a positive note, emerging as the top sectoral gainers.
“Focus now shifts to the upcoming US Fed meeting, where a 25-bps rate cut is widely expected,” experts stated.
“However, internal divisions and mixed economic indicators may temper expectations for further rate cuts in 2026,” they added.
Business
Gold price today: How much 22K, 24K costs in Delhi, Mumbai – Check rates – The Times of India
Gold prices showed a mixed trend on Wednesday, with domestic futures inching up even as international rates dipped. On the Multi Commodity Exchange, February gold futures rose by Rs 173 to Rs 1,30,280 per 10 grams, while Comex gold for the same month traded marginally lower at $4,234.3 an ounce.Gold price in your city today:
Gold rate in Delhi today
In the national capital, 22K gold is currently priced at Rs 11,960 per gram, while 24K gold is selling at Rs 13,046 per gram.
Gold rate in Mumbai today
Mumbai is seeing 22K gold at Rs 11,945 per gram, and 24K gold available at Rs 13,031 per gram.
Gold rate in Bengaluru today
Bengaluru markets list 22K gold at Rs 11,945 per gram, whereas 24K gold is priced at Rs 13,031 per gram.
Gold rate in Chennai today
Chennai continues to record among the highest figures, with 22K gold marked at Rs 12,030 per gram and 24K gold at Rs 13,124 per gram.
Gold rate in Kolkata today
In Kolkata, 22K gold is being sold at Rs 11,945 per gram, while 24K gold is available at Rs 13,031 per gram.
Gold rate in Hyderabad today
In Hyderabad, 22K gold is priced at Rs 11,945 per gram, and 24K gold at Rs 13,031 per gram.
Gold rate in Ahmedabad today
Ahmedabad buyers are paying Rs 11,950 per gram for 22K gold and Rs 13,036 per gram for 24K gold.
Gold rate in Jaipur today
Jaipur has 22K gold priced at Rs 11,960 per gram, and 24K gold tagged at Rs 13,046 per gram.
Gold rate in Bhubaneswar today
In Bhubaneswar, 22K gold stands at Rs 11,945 per gram, while 24K gold is quoted at Rs 13,031 per gram.
Gold rate in Kanpur today
Kanpur’s market shows 22K gold at Rs 11,960 per gram, with 24K gold selling for Rs 13,046 per gram.
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