Brief: Friday, 23 October 2026

Recent results this week lead this brief: NVR's quarterly profit fell 27% as its margin narrowed, Lockheed Martin reported a record $292bn order backlog, and ABB's orders jumped 40% to a record $12.1bn on data-centre demand. Also in this issue, Comcast's broadband customers fell and W. R. Berkley's operating profit per share rose 6%.

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NVR (NVR): Q3 profit down 27% as margin falls to 18.3%, while the order backlog rises 10%

NVR, the US homebuilder, reported third-quarter net income of $248.6m, down 27% from $342.7m a year earlier, or $89.45 per diluted share against…

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Lockheed Martin (LMT): Q3 sales up 11%, record $292bn order backlog and a higher cash forecast. Lockheed Martin, the US defence group that builds the F-35 fighter jet and the PAC-3 missile interceptor, reported third-quarter sales of $20.7bn, up…
ABB (ABBN): orders jump 40% to a record $12.1bn on data-centre demand, while profit per share slips 2%. ABB, the Swiss maker of electrical equipment, motors and robots, said new orders in the third quarter rose 40% to a record $12,055m, with orders from…
Comcast (CMCSA): Q3 sales flat like-for-like, Peacock profits again, broadband customers fall and buybacks pause. Comcast, the US cable, broadband and media group that owns NBCUniversal and Sky, reported third-quarter sales of $29,298m. That is 6.1% below a year…
W. R. Berkley (WRB): operating profit per share up 6% to $1.17, while net income falls 13% as last year's investment gains fade. W. R. Berkley, a US insurer that sells specialist cover to businesses, said third-quarter profit from its core insurance and investing work…

UK Personal Finance tip: High Income Child Benefit Charge: the £60,000 threshold

The charge applies when someone in the household receives Child Benefit and one person has adjusted net income above £60,000. For each £200 over that line, 1% of the Child Benefit is charged, reaching 100% at £80,000. The charge can be paid through PAYE or Self Assessment, and families can also opt out of receiving the payments.

Read the full guide: High Income Child Benefit Charge: the £60,000 threshold and how it works