Daily Roundup

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Domino's Pizza Enterprises Announces Leadership Transition

Domino's Pizza Enterprises Ltd (ASX:DMP) is undergoing a significant leadership change, with the announcement that ANZ CEO Kerri Hayman will step down in August 2025 after an impressive 37-year career with the company.

Ms. Hayman has been a driving force behind Domino's success in Australia and New Zealand, and her departure marks the end of an era. However, the company has moved swiftly to appoint an experienced successor, with Greg Steenson, a former franchise partner, taking on the role of Chief Operating Officer for Australia, effective immediately.

Steenson is no stranger to Domino's, having been recognized as a Multi-Unit Franchisee of the Year, ANZ Manager of the Year, and recipient of multiple leadership awards. His transition from franchising to leading the company's corporate store turnaround in 2022 has clearly impressed the Domino's leadership team, paving the way for his promotion to this crucial role.

Matrix Composites Evaluates Merger Proposal

In another major announcement, Matrix Composites & Engineering Ltd (ASX:MCE) has revealed that it has received a confidential, non-binding indicative merger proposal from Advanced Innergy Solutions Limited (AIS). The proposed transaction would involve Matrix acquiring the privately-owned AIS through a share issue, with Matrix shareholders holding approximately 20% of the merged group.

The Matrix Board is currently reviewing the proposal with its financial and legal advisers, but has cautioned that there is no certainty the transaction will proceed. The company has advised shareholders to take no action at this stage and that it will keep the market informed of any developments.

Prime Financial Group Completes Lincoln Indicators Acquisition

In a move to expand its financial services offerings, Prime Financial Group Ltd (ASX:PFG) has completed the acquisition of 100% ownership of Lincoln Indicators Pty Ltd. The acquisition was first announced on 22 April 2025, and Prime has now finalized the deal, making Lincoln Indicators a wholly-owned subsidiary.

Synertec Secures Lucrative Sydney Water Panel Appointment

Engineering services provider Synertec Corporation Ltd (ASX:SOP) has landed a significant contract, securing a place on Sydney Water's SCADA and Electrical Services Panel. This appointment provides Synertec with access to an estimated $245 million in water-related project work over the next 5 years, further cementing the company's position as a trusted partner to major water utilities across Australia.

New Hope Corporation Delivers Solid Quarterly Performance

Rounding out the day's news, coal producer New Hope Corporation Ltd (ASX:NHC) has reported its Quarterly Activities for the period ended 30 April 2025. The company saw a 10.1% increase in group prime waste movement, with saleable coal production in line with the previous quarter. However, underlying EBITDA was down 27.0% due to lower realised pricing, though the Bengalla Mine achieved a 1.7% reduction in FOB cash cost.

New Hope has also revised its FY25 guidance for the New Acland Mine to reflect expected rail performance and availability for the rest of the financial year.