01 Aug 2026

Schneider Electric has raised its full-year 2026 profit guidance after reporting stronger-than-expected first-half earnings, supported by sustained demand from the global data centre sector. The French industrial group, which supplies power management and cooling systems for data centres, exceeded analysts' expectations for adjusted EBITA in the first half of the year. While the company remains optimistic about growth, it cautioned that ongoing tensions in the Middle East could disrupt global supply chains and add inflationary pressure in the second half of the year. Currency fluctuations also weighed on second-quarter revenue.Read more

01 Aug 2026

fischer has validated a seismic retrofitting solution for reinforced concrete buildings through full-scale earthquake tests conducted in collaboration with Purdue University, USA. The research focused on improving the structural performance of existing buildings constructed before modern earthquake-resistant design standards were introduced. The tested system combines bonded anchors, injection mortar and haunch elements to strengthen beam-column joints, enabling structures to better withstand seismic forces. The findings demonstrated improved structural stability and controlled load transfer under earthquake loading conditions. The company said the research supports the development of practical retrofitting solutions for ageing infrastructure, with relevance for earthquake-prone regions such as India, where strengthening existing buildings is becoming an increasingly important aspect of infrastructure resilience.Read more

31 Jul 2026

Municipal authorities in Cape Town, South Africa, have approved Equinix's proposal to develop two data centres in the King Air Industria area, despite objections from environmental and community groups. The approval advances one of the country's largest proposed data centre developments, with the facilities expected to require around 170 MW of power capacity. Activist organisations, including Housing Assembly and Foxglove, opposed the project over concerns relating to electricity consumption, water use and environmental impacts, arguing that greater disclosure was needed. Equinix said it has acquired the project site but has not yet submitted a detailed site development plan, adding that it will engage with stakeholders if the development proceeds.Read more

31 Jul 2026

Kalind Ltd has entered into a strategic agreement with UK-based Dharan International Limited to jointly explore and execute infrastructure opportunities across Africa. The partnership establishes a framework for identifying, bidding for and delivering government as well as private-sector projects across the continent. Under the arrangement, Dharan International will be responsible for sourcing and coordinating business opportunities, while Kalind will contribute technical expertise, project credentials and undertake subcontract work wherever required. The collaboration is expected to strengthen Kalind's international presence and expand its participation in Africa's growing infrastructure sector.Read more

31 Jul 2026

CoStar Group has lowered its full-year revenue forecast as uncertainty in the commercial real estate market continues to weigh on business performance. The company has also shifted its focus towards tighter cost control, reducing its projected expense baseline while maintaining limited operating cost growth. Although second-quarter adjusted earnings exceeded market expectations, revenue fell slightly short of estimates. The company also issued weaker-than-expected guidance for the third quarter, reflecting continued pressure from high borrowing costs, hybrid work trends and heavy investments in its residential marketplace business.Read more

31 Jul 2026

Extra Space Storage has raised its full-year 2026 funds from operations (FFO) forecast after reporting improved pricing for its self-storage units and better cost management during the second quarter. The real estate investment trust (REIT) benefited from a slowdown in new storage supply, which helped strengthen pricing across its portfolio. Along with higher rental income, the company also reduced operating expenses and lowered its full-year expense growth guidance. Quarterly core FFO exceeded analysts' expectations, reflecting improved operating performance and a favourable market environment.Read more

31 Jul 2026

Hong Kong's private home prices continued their upward trend for the 13th consecutive month, although the pace of growth moderated during the month. Official data showed prices increased by 0.3%, following a stronger rise in the previous month. The market has gained nearly 8% in the first half of the year, reaching its highest level since late 2023. However, property consultants expect the market to see a period of consolidation as weaker stock market sentiment and tighter controls on outbound investment from mainland China weigh on buying activity.Read more

31 Jul 2026

Legrand has increased its 2026 sales growth guidance after reporting stronger-than-expected first-half revenue, supported by sustained demand for data centre infrastructure, particularly in the United States. The company now expects organic sales growth of 16% to 19%, excluding currency effects, compared with its earlier outlook of 10% to 15%. While demand from data centres continues to support growth, Legrand said construction markets in Europe and the United States remain weak. The company also highlighted foreign exchange headwinds and rising raw material costs as key factors to watch in the coming months.Read more

31 Jul 2026

Sanam Group Holding has announced that one of its units has signed an investment agreement with Tatweer Buildings Company to develop and operate the third branch of Modern Global International Schools in Riyadh. The 25-year agreement involves investing in an educational land plot owned by Saudi Arabia's Ministry of Education. Under the contract, the project will include the construction, equipping and operation of the new school campus. The annual rental value for the land has been set at SAR 3.8 million, reflecting continued investment in Saudi Arabia's education infrastructure.Read more

31 Jul 2026

Meta Platforms has partnered with BlackRock to develop and operate a large-scale data center campus in El Paso, Texas, in a deal valued at around USD 14 billion. The project is aimed at supporting Meta's expanding artificial intelligence infrastructure and is expected to deliver 1 gigawatt of computing capacity when operations begin in 2028. Under the agreement, BlackRock-managed funds will hold an 80% stake in the venture, while Meta will retain 20%. The partnership reflects the growing trend of technology companies bringing in external investors to fund increasingly expensive AI infrastructure projects.Read more