Latest Market News

Treasury Wine Estates has reiterated its FY27 earnings guidance after a bruising year marked by a $1.1 billion statutory loss, a suspended dividend and a major US reset. Early trading indicators are improving, but the recovery now depends on execution across costs, inventory, supply and the Americas review.

Centuria Industrial REIT has agreed almost 25,000 square metres of leases at a 31% year-to-date re-leasing spread, while selling a vacant Queensland asset for $34.25 million at book value. The industrial landlord reaffirmed FY27 earnings and distribution guidance as it advances longer-term data centre and renewable energy opportunities.

Aland Equity Group expects its first capital-light property fund to deliver approximately $4.1 million in net returns by 30 June 2027. The forecast combines $3.37 million in management fees with a further $725,000 in investment returns, but remains subject to shareholder approval and successful lot sales.

AMP’s Platforms business delivered A$1.5 billion in third-quarter net cashflows, up 20% year on year, while total wealth AUM reached A$168 billion. The update also showed improving superannuation flows, stronger New Zealand inflows and a buyback now halfway complete, although AMP Bank continued to shrink.

Symal has reaffirmed its FY27 guidance and raised its FY30 EBITDA ambition to more than $230 million, while pointing to $1.9 billion of work-in-hand and a $9.1 billion tendered pipeline. The contractor is increasingly leaning into energy, digital infrastructure, utilities and defence, with about 75% of FY27 revenue already secured.

Bank of Queensland’s statutory profit rose 88% to $250 million, but underlying cash earnings fell 7% as lending contracted and impairments normalised from a low base. The bank is betting that a completed digital migration, stronger capital position and Challenger partnership can support a return to growth in FY27.

Mayfield Childcare has reset FY26 underlying EBITDA guidance to $2.4 million-$2.7 million after occupancy weakened and fee increases arrived late. A completed head office restructure is expected to deliver $1.5 million in annualised savings, mostly from FY27.

Netwealth has pushed total funds under administration to a record $139.2 billion, with managed accounts driving a quarterly surge in funds under management. But the company has lowered FY27 net-flow guidance and flagged fresh investment in loss-making acquisition Paradino, while defending First Guardian-related class action proceedings.

Enova Mining has proposed a 50-for-1 share consolidation that would reduce its current share count from about 2.278 billion to roughly 45.552 million, subject to shareholder approval. The final post-consolidation figure could be substantially higher if its proposed funding and Brazilian acquisition securities proceed.

Contact Energy’s September operating data showed stronger mass-market sales and sharply lower generation costs, although retail and wholesale netbacks eased. The company is also progressing three renewable projects with total approved costs of $1.263 billion as near-term wholesale prices climb.

Australian Dairy Nutritionals reported a 54% year-on-year revenue fall in the September quarter and held just A$513,000 in cash against a A$619,000 operating cash outflow. The infant formula group is pursuing a A$500,000 placement and a broader capital raise as it waits for China distribution growth and Vietnam sales to rebuild momentum.

Plato Income Maximiser matched its benchmark with a 7.2% portfolio return in FY26 while maintaining its highest monthly dividend rate since listing. Profit after tax fell to A$41.8 million as investment gains dropped sharply from the prior year.