November 2026

NEXTDC, Vintage Energy and Embelton recorded the week’s biggest moves, but each came with a different reason and level of risk.
Across resources, takeovers and healthcare, investors rewarded firm deals while selling companies that still need cash or approvals.

Hummgroup, AMP and COG delivered the week’s biggest share price moves, while investors weighed business exits, weaker profits and changing growth plans.
Macquarie posted a major profit rise, but NAB and Westpac faced higher loan-loss charges.

Funding news drove the biggest share moves, with sharp falls at Rokeby, ADX Energy and Avenira despite fresh project announcements. Drilling, resource upgrades and takeover deals kept the materials sector active, but many projects still need cash, approvals or stronger technical proof.

Healthcare shares delivered a mixed week as investors rewarded reimbursement and regulatory progress but punished cash calls and dilution. Noxopharm, Pacific Edge and Mayne Pharma led the largest moves, while several companies still face long waits before sales can grow.

Technology shares fell as weaker consumer demand, dilution and debt costs unsettled investors.
AI and software companies made progress, but now face the harder test of turning products into steady cash income.

DTE Energy plans to sell substantially all of its Vantage assets for about US$3 billion and redirect the proceeds into regulated utility infrastructure. The strategy lifts its five-year utility investment plan to US$44.2 billion and raises its long-term operating earnings growth target above 9%.

FOX has completed its acquisition of Roku, combining its news, sports and entertainment assets with one of the largest connected-TV platforms in the US. The US$14.1 billion cash component was supported by US$2 billion in term loans and an US$8.4 billion bridge facility.

PSEG has lifted its five-year regulated investment plan to US$22.5 billion to US$25.5 billion while maintaining its 2026 operating earnings guidance. The utility also outlined nuclear growth options and an indicative dividend increase, though several projects remain subject to regulatory approval.

WEC Energy Group has lifted its five-year capital plan to US$47.5 billion while securing a 9.50% authorised return on equity in Wisconsin’s 2027-2028 rate review. The plan is aimed at data-centre demand, new generation and grid expansion, but will require substantial debt and equity funding.

Pinnacle West has extended its 8%-10% annual sales growth outlook through 2030 as manufacturing, data centres and residential expansion reshape Arizona’s electricity demand. The plan points to a large investment cycle, but also greater financing and regulatory execution demands.

Franklin Templeton delivered sharply higher fiscal 2026 earnings, supported by $84.1 billion in long-term net inflows and an 8% increase in assets under management. The result also showed a sizeable gap between GAAP and adjusted profit, leaving the quality and durability of the improvement as the key investor question.

PPL has raised its long-term earnings growth target and unveiled a US$25 billion investment plan, while positioning new generation projects to capture soaring data centre demand. The opportunity is substantial, but the headline Pennsylvania deal remains non-binding and the plan requires further equity funding.

Vistra delivered a sharp third-quarter earnings increase, raised its 2026 outlook and opened a larger 2027 earnings pipeline. The gains come alongside a major gas-generation acquisition, fresh buyback capacity and a pro forma liquidity decline to about US$5.4 billion.

Charter Communications has launched a major operating reset after pro forma revenue, EBITDA and Internet customers declined in the third quarter. The company is targeting US$2 billion in annualised savings, but carries US$108.6 billion of debt after completing its Cox acquisition.

Moderna returned to quarterly GAAP profit, raised its 2026 revenue growth outlook and reported positive Phase 3 melanoma data. The stronger quarter was supported by international COVID vaccine sales, while cash generation and pipeline execution remain important tests.

Humana delivered a better-than-expected third quarter on insurance claims performance, lifting its 2026 adjusted EPS guidance despite reporting an adjusted loss for the period. The company also flagged stronger CenterWell growth and a lower-cost BlackRock joint venture as part of its path towards a 3% pretax margin by 2028.

Ingenia Communities has reopened due diligence with Warburg Pincus after receiving a higher non-binding proposal worth up to $5.60 per stapled security. AVID Property Group now has until 10 November to match or exceed the offer, while Ingenia continues to pursue its Peet acquisition.

The Takeovers Panel has ordered A2MP Investments to correct disclosures made during its lapsed takeover bid for Canyon Resources, including its strategic and funding intentions and revised project assumptions. The corrective document must also explain how Canyon information was used in A2MP’s valuation and pricing analysis.

Atlantic Lithium’s Scheme Booklet has been registered with ASIC, putting Huayou’s proposed US$210 million acquisition on the final stretch towards a shareholder vote. BDO backs the deal in the absence of a superior offer, but several regulatory and transaction conditions remain outstanding.

Vmoto sold 4,881 electric motorcycles and mopeds in the September quarter, up 80% year on year, while firm orders point to another busy three months. The company is expanding beyond Europe, but the growth push is also drawing on cash, bank facilities and ongoing investment in capacity.

Clime Capital has received $8.5 million after a Victorian industrial development loan was refinanced, with the transaction expected to generate a $1.5 million FY27 gain. The settlement removes one material exposure from the unlisted investment pool under review after the company’s FY26 audit qualification.

Third Age Health will acquire 75% of New Zealand asbestos specialist Consultex Group for $3.75 million, adding a new Testing, Inspection & Compliance vertical. The deal will be funded through existing cash and bank debt, with settlement expected by 30 November 2026.

Tetragon Energy has lodged a prospectus for up to 9.93 million free options that could generate $11.91 million if fully exercised. The offer raises no money upfront, leaves the options unquoted and adds a speculative funding path to the company’s Philippine oil and gas strategy.

QuickFee’s Q1 FY27 revenue held at A$4.2 million on a normalised basis, while US loan originations rose 15% and Australian transaction values slipped. The lender maintained FY27 EBTDA guidance at A$4.5 million to A$5.0 million despite lower net interest margins and softer SME conditions.