$CBZ

Zimbabwe equities rose on Friday. The ZSE All Share Index gained 1.33% to 1.33%, with turnover of ZWG16.13 million across 47 trades and market cap up to ZWG106.31 billion. Financials led, with the Financials Index up 4.70%. CBZ Holdings rose 9.04% to 3,707.51 cents and ZSE Holdings gained 13.51% to 210 cents. Tigere Property Fund rose 9.21%.

Zimbabwean equities fell on Thursday as selling pressure in large caps outweighed gains in some mid-cap, consumer, and REIT stocks. The ZSE All Share Index dropped 1.45% to 469.38 and the Top 10 fell 2.20% to 471.90. CBZ Holdings slid 15% to ZWG34.00, while Delta Corp rose 14.16% to 490 cents. Tigere REIT gained 1.44% to 109.5588 cents.

Eagle Nuclear Energy Corp. (NASDAQ: NUCL) said its Audit Committee, with Board approval, has hired CBIZ CPAs P.C. as its independent registered public accounting firm. The company linked the move to ongoing work on its Aurora Uranium Project and SMR initiative, including a pre-feasibility study expected in late 2027.

Eagle Nuclear Energy Corp. (NASDAQ: NUCL) said its Audit Committee, with Board approval, hired CBIZ CPAs P.C. as its independent registered public accounting firm. The company also reiterated progress on its Aurora uranium project and a Pre-Feasibility Study expected in late 2027, alongside SMR technology plans.

A Q2 earnings roundup compares professional services stocks. Concentrix (CNXC) reported $2.46B revenue (+1.9% YoY) in line, but missed next-quarter EPS guidance and slightly missed full-year revenue guidance; shares fell 1.2% to $24.92. CBIZ (CBZ) revenue was $682.2M, 2.3% below estimates, but EPS beat; shares rose 18.4% to $55.31. SS&C (SSNC) revenue was $1.70B (+10.3%), beating by 2.1%; shares rose 15.2% to $77.15.

Afreximbank approved a US$190 million financing package for Zimbabwe’s CBZ Bank, signed in El Alamein. It includes a US$150 million revolving trade finance facility, a US$20 million dual-tranche SME facility, and a US$20 million on-lending facility for power reliability. Afreximbank says it supports exporters, SMEs and energy projects.

Pitney Bowes (PBI) is considering strategic alternatives, including acquisitions, divestitures, partnerships, and a possible sale, as part of its long-term plan. Other deal items include Shell’s planned sale of its BG Cyprus unit to MOL for about $720 million, and acquisitions by Grant Thornton (CBIZ), Dentalcorp, and Sargento Foods. Deal terms were largely undisclosed.

Afreximbank finalized three financing facilities totaling US$190 million for Zimbabwe’s CBZ Bank to support trade, SMEs, and energy. The package includes a US$150 million revolving trade finance facility, a US$20 million dual-tranche SME facility, and a US$20 million dual-tranche energy on-lending arrangement linked to a US$210 million syndicated power facility. Drawdowns are expected in coming months.

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Grant Thornton Advisors is looking to boost its position among U.S. tax and advisory firms through an agreement to acquire industry peer CBIZ.

Did you hear/read the big news? I’m sure you have by now. But if not, private equity-owned Grant Thornton said Wednesday it has a deal in place to acquire fellow top 10 firm CBIZ for $5 billion, which if it goes through, will likely place Chicago-based Grant Thornton right behind the Big Four in the U.S. accounting firm revenue rankings. It’s the largest M&A deal in the accounting profession in more than 25 years.