Daily Roundup

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Genus Expands Rail Services with Railtrain Acquisition

GenusPlus Group (ASX: GNP) has entered into an agreement to acquire 100% of Railtrain Holdings, a leading provider of rail services across Australia. The $36.5 million upfront cash deal will see Genus add critical scale, diversification, and national presence to its existing rail business. Railtrain generated around $96 million in revenue and $16 million in EBITDA in the last fiscal year, and the sellers could receive up to $18.5 million more over the next two years if performance targets are met.

Cue Responds to Horizon's Takeover Bid

Cue Energy Resources (ASX: CUE) has responded to Horizon Oil's announcement of an intention to make an off-market takeover offer for the company. Cue has appointed an Independent Board Committee to assess the proposed $0.008 cash and 0.5625 Horizon share per Cue share offer, and will keep shareholders informed as the process unfolds.

Endeavour Group Delivers Solid Half-Year Results

Endeavour Group (ASX: EDV) has reported a strong first-half performance, with its retail brands like Dan Murphy's and BWS seeing sales growth of 2.2% in the second quarter. The company's hotels business also delivered 4.5% sales growth in Q2. Overall, Endeavour reported underlying EBIT of $563 million, at the upper end of previous guidance. Looking ahead, the group expects capital expenditure of $460-$500 million in FY26 as it continues to invest in its retail network and hotel renovations.

Straker Transitions to Co-CEO Leadership

Straker Ltd (ASX: STG) has announced a strategic leadership transition, with David Sowerby and Indiver Nagpal appointed as Co-CEOs. Founder Grant Straker will move to a non-executive director role, where he will chair a new AI and Technology Board Committee to guide the company's long-term technical roadmap.

Mach7 Completes Share Buyback

Medical imaging software provider Mach7 Technologies (ASX: M7T) has completed its on-market share buyback program, purchasing 6.27 million shares for $2.24 million at an average price of $0.3501 per share. The buyback was first announced in January 2025.