1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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Magellan Financial (ASX: MFG) has reported $39.3 billion in Assets Under Management at the end of May - up from $38.5 billion at the end of April. In May, the Group experienced net outflows of around $400 million.
The sport data company Catapult (ASX: CAT) will acquire 'Perch', a US-based company using 3D analytics to monitor gym performance. Catapult says this acquisition will be funded through a mix of cash and shares, with no capital raise required.
Meanwhile - Construction materials provider MAAS (ASX: MGH) has reaffirmed its FY25 earnings guidance - with asset recycling expected to exceed $100 million. The company is holding an investor Day today - where it said key drivers for growth include Energy infrastructure... forecasting a pick up in Wind energy projects in the next five years.
IperionX (ASX: IPX) has won a $152 million contract amid President Trump's critical minerals push....The contract will see the company kickstart titanium manufacturing and supply for the US Department of Defence.
The CEO of Tyro (ASX: TYR) will step down in six months -- after accepting a job in private equity in Melbourne. Jon Davey joined Tyro in 2021 and will remain in the role in the coming months while a replacement is found.
And premium food producer Maggie Beer (ASX: MBH) has sold its Paris Creek Farms dairy business for half a million dollars. Katoomba Global Foods has bought the business which has been on the market for about nine months. Chairman Mark Lindh says the divestment will bring around $2.2 million in cash flow savings for Maggie Beer Holdings.
Clarity Pharmaceuticals is higher today with the company flagging positive results for one of its tumour detection products.
Australia's trade surplus has narrowed With the balance on goods decreasing by around $1.48 million in April
