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National Cabinet has agreed to halve the fuel excise for the next three months. At current levels, this means 26.3 cents off a litre of petrol. The Prime Minister and Premiers also agreed to drop the heavy-vehicle road user charge to zero. These measures will cost around $2.5 billion over the next three months, with no details from the Treasurer on how to offset this loss.
Halving the fuel excise cost is part of phase two of the National Cabinet fuel security plan. Phase three, which include more targeted actions, will need approval from a new National Cabinet meeting.
AMP (ASX:AMP) is returning surplus capital to shareholders with a $150 million on-market share buyback. The buyback has already secured regulatory approval and kicks off next month following the release of first quarter cashflows. CEO Alexis George says it's the most efficient use of capital right now, while the company continues to focus on organic growth across its wealth businesses.
Webjet Group (ASX:WJL) managing director and chief executive Katrina Barry has resigned. She became CEO in 2024. Meanwhile, Webjet has reaffirmed its guidance for 2026 with expected underlying EBITDA of $28 to $29-million. It says while global uncertainty continues to influence travel behaviour, demand to date has remained resilient.
QBE Insurance (ASX:QBE) says Kathy Lisson will step down from the board at the company's agm in May.
KMD Brands (ASX:KMD) has requested a further trading suspension on the ASX as it works to finalise a capital raising, refinancing and half year results. The suspension is expected to last until tomorrow when the company aims to release its half year results. KMD says the suspension is needed to maintain an orderly market and may be extended to complete the capital raising.
Reece Group (ASX:REH) will scrap short term incentives for top executives and shift to a long dated equity structure as part of a revamped remuneration framework. The model replaces annual bonuses and service rights with a multi year long term incentive grant for 2026.
The AFR is reporting that Rio Tinto (ASX:RIO) has asked a US court for a refund over tariffs that were struck down by the US Supreme court earlier this year. Rio says the US government should refund tariffs imposed under the International Emergency Economic Powers Act, as well as legal costs.
And DroneShield (ASX:DRO) is opening a new European headquarters in Amsterdam.. Europe was DroneShield's strongest performing market in 2025, with $98M in revenue or 45 percent of group sales. The move comes amid heightened geopolitical tensions in Europe, including the war in Ukraine, and demand for counter drone technology.
And Star Entertainment (ASX:SGR) says its working to complete its refinancing by the middle of May. It has executed a binding agreement with WhiteHawk Capital Partners for $390-million US dollars. Implementation remains subject to regulatory approvals.
Navigator Global (ASX:NGI) has sealed a partnership with Georgian, a leading AI-focused investment firm, which manages nearly six billion dollars and invests in high-growth B2B tech companies across the AI stack. Navigator is putting in USD 100 million, with five million upfront and the rest over three years and deepens its exposure to AI-driven growth equity and is expected to be earnings accretive for shareholders.
Catapult Sports (ASX:CAT) has detailed FY26 and FY27 financial guidance at its Analyst Day in Sydney and is expecting Share Based Payments of between 25 to 27 million US dollars in FY26. Critically, the company's chasing a tenfold increase in Annual Contract Value to one billion US dollars, growing from 133 to 134 million this year. Management says it's focused on the Rule of 40, targeting 19 percent ACV growth paired with 14 percent EBITDA margin improvement.
