Latest Strategy Changes News

Southern Cross Electrical Engineering has completed its acquisition of Entire Operations, paying $70 million upfront for a Victorian fire protection and mechanical services group. The deal gives SCEE a new mechanical services capability and strengthens its ambition to build a national fire services platform.

Biome Australia has secured an exclusive mainland China cross-border e-commerce agreement with H&S Global, targeting A$2.0 million in Year 1 purchases from an early 2027 launch. The target is larger than Biome’s entire FY26 international sales, but the company will fund 25% of Year 1 invoiced value in marketing and operational support.

Novo Resources reduced its nine-month loss and operating cash burn, while a C$16.4 million revaluation of its San Cristobal Mining investment lifted marketable securities to C$37.8 million. The stronger balance sheet still faces a major test in December, when approximately A$10 million of deferred consideration falls due.

Resouro Strategic Metals reported a C$2.45 million comprehensive loss and used C$2.59 million in operating cash in the six months to September 30, leaving C$1.06 million on hand. A C$2.5 million share placement helped cover the shortfall, but the company warned that continued financing may be needed to sustain operations.

Dundas Minerals has signed a 24-month ore purchase agreement with Forrestania Resources that could provide access to existing gold processing facilities for Rockland. The agreement is commercially significant, but it does not yet establish a mine, resource or production target.

Regis Resources has confirmed the death of a contract team member at its Duketon South operation, prompting an immediate suspension across the Duketon complex. Most operations have since restarted, but the Rosemont process plant remains offline while WorkSafe and other authorities investigate.

Ventia will consolidate five operating sectors into three and target at least $60 million in annualised cost savings by December 2027. The overhaul comes as deferred telecommunications and energy work weighs on second-half revenue, although FY26 underlying NPATA growth guidance remains 7% to 10%.

ANZ Group Holdings reported a 31% rise in FY26 cash profit to A$7.591 billion, helped by sharp cost reductions and stronger Australian banking performance. The 83-cent final dividend was maintained, but rising impairments, weaker New Zealand earnings and heavier capital demands leave the next phase of the turnaround less straightforward.

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.