Investments 2 May 2026 - 4 May 2026

Why NextDC Limited’s A$750 Million Debt Deal Matters for ASX Data-Centre Stocks
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Why NextDC Limited’s A$750 Million Debt Deal Matters for ASX Data-Centre Stocks

NextDC’s A$750 million subordinated notes sale attracted A$1.2 billion in orders, The Australian reported Sunday. The funding will accelerate construction of its S4 Western Sydney data centre amid surging AI and cloud demand. The notes mature in 2030 and were priced at 350 basis points over BBSW. NextDC’s contracted utilisation rose to 667 megawatts as of March 31.
May 4, 2026
CAR Group Limited Stock Faces Monday Test After AustralianSuper Stake Crosses 5%
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CAR Group Limited Stock Faces Monday Test After AustralianSuper Stake Crosses 5%

AustralianSuper has disclosed a 5.16% stake in CAR Group Limited, joining State Street, BlackRock, and Vanguard as substantial shareholders. CAR appointed Michael Sapountzis as company secretary, replacing David McIndoe, effective April 29. Shares closed at A$25.26 on May 1, down from a 52-week high of A$42.06. The ASX cash market had not opened as of 08:03 AEST.
May 4, 2026
Suncorp’s A$200 Million Capital Notes Draw A$880 Million Demand as Bond Market Reopens
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Suncorp’s A$200 Million Capital Notes Draw A$880 Million Demand as Bond Market Reopens

Suncorp Group’s first wholesale Additional Tier 1 capital notes attracted A$880 million in orders for a planned A$200 million issue, priced at 235 basis points over the three-month bank bill swap rate. The securities, aimed at institutional investors, are perpetual, convertible, and subordinated, with conversion into shares possible in December 2034 if not exchanged earlier. The notes are expected to be issued around May 6.
May 3, 2026
South32 Stock: $3.3 Billion Hermosa Mine Reset Puts Its U.S. Growth Bet Under Pressure
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South32 Stock: $3.3 Billion Hermosa Mine Reset Puts Its U.S. Growth Bet Under Pressure

South32 raised expected capital spending for its Taylor zinc-lead-silver project in Arizona to about US$3.3 billion, up US$1.1 billion from its earlier estimate. First production is now slated for the second half of fiscal 2028, with full output delayed to fiscal 2031. Shares dropped 4.63% over the week after the announcement. Analysts flagged concerns over higher costs and slower ramp-up despite a larger ore reserve.
May 3, 2026
Telstra Group Limited Shares Face a Big Week as Mobile Price Hikes Hit and Buyback Nears A$1.25 Billion
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Telstra Group Limited Shares Face a Big Week as Mobile Price Hikes Hit and Buyback Nears A$1.25 Billion

Telstra will raise most postpaid mobile plan prices by A$4 a month from May 5, with the Basic plan moving to A$74 and Essential to A$84. The company has bought back 204.4 million shares for about A$1.03 billion, nearing its A$1.25 billion ceiling. Telstra serves 22.5 million retail mobile services and reported a first-half profit of A$1.12 billion in February.
May 3, 2026
Santos Limited’s Pikka Expansion Plan Puts ASX:STO Back on Oil Investors’ Radar
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Santos Limited’s Pikka Expansion Plan Puts ASX:STO Back on Oil Investors’ Radar

Oil Search Alaska, a Santos subsidiary, has applied to expand the permitted C pad at the Pikka oil project on Alaska’s North Slope, according to a U.S. Army Corps of Engineers notice. The plan would add 46,500 cubic yards of gravel fill and impact 3.44 acres of wetlands. Public comments on the proposal close May 25. Santos shares closed at A$8.02, up 0.25% on the ASX.
May 3, 2026
Fortescue Ltd Shares Face a China Pricing Test as $680 Million Green Power Bet Looms
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Fortescue Ltd Shares Face a China Pricing Test as $680 Million Green Power Bet Looms

Fortescue faces pressure to reach a pricing deal with China Mineral Resources Group after BHP’s agreement with the state-backed buyer. The company approved a US$680 million Pilbara green-energy project and kept its 2026 shipment guidance at 195–205 million tonnes. March-quarter iron ore shipments hit a record 148.7 million tonnes for the nine months. Iron Bridge guidance was cut after cyclone disruptions.
May 3, 2026
Liontown Shares Just Hit a Near Three-Year High. Kathleen Valley’s Cash Flow Is Why
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Liontown Shares Just Hit a Near Three-Year High. Kathleen Valley’s Cash Flow Is Why

Liontown shares surged 12.3% Friday to A$2.64, their highest in nearly three years, after reporting A$33 million in positive net cash flow for the March quarter and record spodumene sales from Kathleen Valley. The company kept FY2026 guidance unchanged and began early works on a planned mine expansion, with up to A$77 million to be spent before a final investment decision expected in early FY2027.
May 3, 2026
Westpac Banking Corporation Earnings Preview: Why May 5 Could Move ASX Bank Stocks
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Westpac Banking Corporation Earnings Preview: Why May 5 Could Move ASX Bank Stocks

Westpac will report first-half results Tuesday as the Reserve Bank of Australia is expected to raise its cash rate to 4.35%. The bank said lending rose 4%, deposits 3%, and its credit impairment charge will be 10 basis points of average gross loans. The pending RAMS mortgage sale will cut net profit after tax by A$75 million. Westpac shares last closed at A$38.45, down from A$42.59 in April.
May 3, 2026
National Australia Bank Results Preview: NAB Shares Face Monday Test as RBA Hike Looms
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National Australia Bank Results Preview: NAB Shares Face Monday Test as RBA Hike Looms

National Australia Bank expects first-half credit impairment charges to rise to A$706 million, roughly double a year earlier, and will take a A$1.347 billion pre-tax software write-down. NAB will apply a 1.5% discount to its dividend reinvestment plan to raise up to A$1.8 billion. The bank reports results Monday, a day before the Reserve Bank of Australia is widely expected to lift rates to 4.35%.
May 3, 2026
ANZ Profit Jump Masks a Tougher Test as Shares Slide After Half-Year Results
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ANZ Profit Jump Masks a Tougher Test as Shares Slide After Half-Year Results

ANZ Group Holdings posted a first-half cash profit of A$3.78 billion and kept its interim dividend at 83 cents a share, with franking raised to 75%. Shares fell 2.84% to A$35.61 despite a 14% rise in cash profit and a 22% drop in operating expenses. Investors focused on credit risk and an unfinished overhaul. ANZ took a A$126 million collective provision charge, including A$175 million for Middle East conflict exposure.
May 3, 2026
Fresnillo PLC Shares Rise as Silver Jump Puts Output Worries Back in Play
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Fresnillo PLC Shares Rise as Silver Jump Puts Output Worries Back in Play

Fresnillo PLC shares closed at 3,255p in London, up 0.62% after a volatile week, as silver prices jumped 3% and gold edged higher. The miner’s first-quarter silver output fell 8.5% from the previous quarter, while gold output rose 0.7%. Shares remain below their April 24 close of 3,370p despite Thursday and Friday gains. Fresnillo kept 2026 production guidance unchanged.
May 3, 2026
London Stock Exchange Group plc’s Share Count Puts £3 Billion Buyback Back in Focus
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London Stock Exchange Group plc’s Share Count Puts £3 Billion Buyback Back in Focus

London Stock Exchange Group set its total voting rights at 493,222,493, with issued share capital at 514,674,092 ordinary shares as of April 30. The company has bought back £1.1 billion of stock this year and aims for £3 billion by February 2027. LSEG shares closed at £96.24 on May 1, up 0.77% that day but down 16.8% over 52 weeks. The London Stock Exchange will close May 4–5 for the Early May bank holiday.
May 2, 2026
Diploma PLC Nears Year High Before May Results — The Margin Test Investors Can’t Ignore
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Diploma PLC Nears Year High Before May Results — The Margin Test Investors Can’t Ignore

Diploma PLC shares closed at 6,950p on May 1, near their year high and up 0.5%, ahead of half-year results due May 19. The company upgraded its 2026 organic revenue growth forecast to 9% in March and raised its margin outlook to 25%. Eight recent acquisitions are expected to add £20 million in annualised operating profit. The stock trades at a price-to-earnings ratio of 50.8 with a 0.89% dividend yield.
May 2, 2026
NAB Share Price Near $40: The Monday Result That Could Decide The Dividend Trade
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NAB Share Price Near $40: The Monday Result That Could Decide The Dividend Trade

National Australia Bank will report first-half earnings on May 4, with investors watching a stock near A$40 amid higher bad-loan charges and a capital raising plan. NAB expects A$706 million in credit impairment charges and a A$1.35 billion pre-tax software amortisation. The results come one day before a widely expected Reserve Bank rate hike. NAB closed May 1 at A$39.83, down 0.13%.
May 2, 2026
HSBC Earnings Loom: Dividend Decision and Asia Growth Put Bank Rally to Test
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HSBC Earnings Loom: Dividend Decision and Asia Growth Put Bank Rally to Test

HSBC will report first-quarter earnings on Tuesday, with investors focused on a possible interim dividend and the bank’s ability to sustain recent share gains. Shares closed Friday at 1,359.40 pence. Two senior executives acquired shares through automatic dividend reinvestment, according to a Friday filing. Peer banks NatWest and Standard Chartered posted profit gains but took impairment charges linked to the Middle East conflict.
May 2, 2026
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