Latest Leadership Continuity News

FOS Capital has acquired Melbourne-based lighting design consultancy Glowing Structures for $700,000, aiming to deepen its footprint in the lighting services sector. The deal includes cash and shares, with Glowing Structures’ founder staying on as Managing Director.

Kip McGrath Education Centres announces the departure of long-serving CEO Storm McGrath, with Chair Damian Banks stepping in as Executive Chair during the leadership transition.

Epsilon Healthcare reports ongoing operational challenges post-voluntary administration while unveiling a new pharmacy subsidiary aimed at diversifying revenue streams and rebuilding market confidence.

Omni Bridgeway reports robust investment performance for FY25, highlighted by record proceeds and a landmark Fund 9 transaction that strengthens its balance sheet and strategic position.

Woodside Energy Group Ltd reported a 115% increase in net profit after tax to US$3.573 billion in 2024 despite a 6% revenue decline, driven by record production and strategic growth in LNG and new energy sectors.

MyState Limited reported a modest revenue increase but an 8.9% decline in statutory profit for the half year ended December 2024, while declaring a fully franked interim dividend. The company is set to complete a transformative merger with Auswide Bank, aiming for earnings accretion from FY26.

Bendigo and Adelaide Bank clarifies a modest 5.8% variance in half-year cash earnings against market forecasts, confirming no material surprise and compliance with ASX disclosure rules.

Macarthur Minerals Limited reported a comprehensive loss of AUD 252,771 for Q4 2024, marking a sharp reversal from the prior year's profit. The company is navigating reduced exploration spending and strategic asset sales while facing ongoing funding challenges.

GQG Partners Inc. reported strong financial results for 2024, with significant increases in revenue, net income, and funds under management, alongside a raised dividend and strategic moves including the deconsolidation of its PCS Master Fund.

Vitura Health Limited has acquired Candor Medical, a leading Australian medicinal cannabis clinic, for $5.9 million, significantly boosting its digital health platform and patient base.

Generation Development Group Limited (ASX:GDG) has announced a $320 million acquisition of Evidentia Group Holdings, aiming to consolidate its position as a leader in Australia's managed accounts market. The deal is supported by a fully underwritten $287.9 million equity raising and promises immediate earnings accretion.

News Corporation reported a robust half-year performance with revenues up 4% to $4.33 billion and net income soaring 80% to $334 million, while advancing its strategic pivot through the planned sale of Foxtel.