Southern Cross Electrical (ASX:SXE) raises A$150m, upgrades FY26 EBITDA to A$75m and initiates FY27 guidance at A$100m on data centre awards.
Industrials
Atlas Arteria Fights IFM Takeover Bid
Atlas Arteria (ASX:ALX) shares edged up to A$5.06 on Tuesday, and that small move matters more than it looks. The toll-road operator is at the centre of a hostile takeover fight with its largest shareholder, IFM Investors. With the offer due to close on 11 June, securityholders are being…
Tasmea (ASX:TEA) is acquiring Maxim Group for up to A$254 million at 5.4x EBIT, delivering 31% EPS accretion and a data centre platform.
SRG Global (ASX:SRG) has secured A$1.85b of new contracts, upgraded FY26 EBITDA and initiated FY27 guidance above market consensus.
Goodman Group (ASX:GMG) gave investors a fresh look at its business on Tuesday, and the numbers were solid. The company is racing to build data centres for the AI boom, and its update showed that the pipeline is getting bigger. Yet the shares barely moved, falling as much as 4% during the day before recovering…
Today Qantas investors heard of yet another delay to Project Sunrise, but they didn't seem to care - in fact shares rose 5% today.
Maybe they missed it. After all, it did not come from Qantas at all, It came from Airbus. So perhaps investors missed that the manufacturer confirmed that the first A350‑1000ULR delivery would…
Service Stream (ASX:SSM) will acquire Queensland-based RIE Group for up to A$8m, adding high-voltage industrial services capability tied to the energy transition.
Monadelphous Wins A$120m in New Contracts
Monadelphous Group (ASX: MND) has quietly become one of the ASX's standout industrial performers, with the stock up around 72% over the past 12 months while the broader market rose just 3%. The latest lift came this week, when the engineering services group announced roughly A$120 million in new…
The Environmental Group (ASX:EGL) cut FY26 EBITDA guidance to A$8.5m-A$9.0m on ERP issues at Energy and Suez Canal delays at Baltec.
MaxiPARTS (ASX:MXI) held its FY26 underlying profit guidance despite a Middle East driven activity slowdown that softens revenue to $273m to $278m.
