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Market Wrap

ASX ends flat as CBA sets another record high

Class Dismissed

EML Payments to settle class action for $37m

Sussan Ley vows to fix Liberal policy woes after botched bracket creep reform

Internal Takeover / Update

Humm Group shares soar after chair makes $286m acquisition bid

Chicken Run

Collins Foods shares continue to rally as analysts upgrade price target

Ideas

Why commercial property is a sleeping giant in climate action

Betr Blocker / Update

Betr calls for recount after PointsBet shareholders approve MIXI buyout

Market Open / Update

Australian shares swing into red as miners selloff

Price rises / Update

CBA brings forward rate cut expectation to July

Internal Takeover

Humm Group chair makes $286m acquisition bid on the fintech

Green Light

Star Entertainment shareholders approve $300m buyout

Media matters / Update

ABC boss Hugh Marks apologises to Antoinette Lattouf after Federal Court decision

Sweat Equity

🛍️ Canva's shopping spree

Election fallout

Senator James McGrath to lead review into ‘existential’ Liberal issues

Value Up / Update

Bailador shares lift as DASH carry value set to grow 49%

Price rises / Update

Economists more confident of July rate cut following inflation data

Betr Blocker / Update

PointsBet rallies while Betr tanks after MIXI buyout survives shareholder vote

Cashing In

ACCC authorises banks and retailers to collaborate on cash-in-transit services

Reduced Shares / Update

Pinnacle shares slip after managing director sells down interest to invest in Metrics funds

Media matters / Update

Antoinette Lattouf’s lawyers to seek ‘significant’ penalty from ABC

Green Backed

Infragreen opens 15% higher after ASX IPO

Nuclear Reaction

Deep Yellow, Paladin Energy rally as UBS hikes uranium price forecast

Price rises

Monthly CPI rises 2.1% in May, below expectations

Betr Blocker / Update

PointsBet shareholders approve $402m MIXI takeover, defying Betr revolt

Defence Deal / Update

DroneShield shares jump as it flags $2.4b sales pipeline, Europe contract

Capital Flight

Rex accepts $30m govt financing as administration period extended

Media matters

ABC unlawfully terminated Antoinette Lattouf, Federal Court finds

Market Open / Update

Australian shares rise as CBA extends rally; gold miners slide

Betr Blocker / Update

PointsBet enters trading halt as shareholders vote on MIXI buyout

Board Moves

ASX adds ex-PwC Anne Loveridge to board, reveals restructure

Reduced Shares

Pinnacle boss Ian Macoun sells down stake to invest in Metrics funds

Betr Blocker

PointsBet set to reject MIXI takeover after proxies tallied

Value Up

Fintech DASH’s capital raise to increase Bailador carry value by 49%

Defence Deal

DroneShield secures $61.6m in new European military contracts

Top Job

Paladin Energy picks COO Paul Hemburrow as new CEO, Ian Purdy departs

Done Deal

Xero to buy US payments platform Melio for $3.9b, raises capital to fund deal

Market Open

Australian shares to rise as Israel-Iran truce spurs Wall Street rally

Hollow hit

US intelligence says Iran nuclear sites not destroyed in strikes: reports

Standup

Trump claims credit as fragile Israel-Iran ceasefire holds

Clive Dickens’ Meliora backs Fluency, Relevance AI in early investment push