Next Week At A Glance – 7-11 Sep 2026

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            [24] => RMS
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This story features BHP GROUP LIMITED, and other companies.
For more info SHARE ANALYSIS: BHP
The company is included in ASX20, ASX50, ASX100, ASX200, ASX300 and ALL-ORDS

A brief look at important company events and economic data releases next week.

For a more comprehensive preview of next week’s events, please refer to “The Monday Report”, published each Monday morning. For all economic data release dates, ex-div dates and times and other relevant information, please refer to the FNArena Calendar.

The week that was in Australian finance:

-This week was all about rising bond yields, not only in Australia but globally. It’s a combination of higher oil prices from ongoing retaliatory attacks between the US and Iran, as well as AI super-cycle capex funding, placing more pressure on US and global debt burdens. Inflationary pressures give the bond vigilantes more reason to sell bonds (or go short).

-For Australians, the prospect of further interest rate hikes moved closer this week, post stronger-than-expected June quarter GDP data.

-As highlighted by ANZ Bank, the housing downturn continued in August, prompting further Big Bank downgrades to the forecast decline this cycle.

-The markets are now pricing in a 60% chance of an RBA rate hike at the September 29 meeting, with the August labour force data due out on September 24.

-A full 25bp rate hike is now priced in for the November meeting, with UBS flagging the possibility of an additional post-November hike this cycle.

-HSBC economist Paul Bloxham reversed his prior expectation for no more rate hikes to one in September and one in November. The RBA is stuck between a rock and a hard place, with the economy bifurcated between struggling households and the housing sector, and insufficient capacity in the industrial sector — think data centres, infrastructure and mining — all leading to sticky inflation.

-Against this backdrop, the Australian market performed well, with the index off slightly. But, as has been the case all year, the sector rotations were notable.

-After a -10.5% sell-off in the banks in August, the sector outperformed this week, with Financials up 2.35%, which Tony Sycamore at IG attributes to short covering.

-The massive outperformance by BHP Group ((BHP)) over August was unwound this week with profit-taking and the stock going ex-dividend. Materials are down over -4%, despite strength in Gold stocks.

-InfoTech was under pressure again, off over -5%, while Utilities retreated -1%. Healthcare managed to continue its rally, up some 0.8%.

-Fed Governor Waller poured cold water on the possibility of a rate hike at the upcoming September 16 FOMC meeting, albeit much will be riding on the August CPI print due out September 11.

-Market commentators remain wedded to expectations for ongoing volatility in US markets, with scope for September to live up to its historical reputation as one of the worst months for shares. Much will depend on the August PPI and CPI prints next week, and where they take bond traders.

For a calendar of stocks going ex-dividend refer to the FNArena Calendar https://fnarena.com/financial-news/calendar/

Until then the team at FNArena wishes you a great weekend.

Corporate news in the week that was:

• MUFG has agreed to acquire superannuation administration platform Grow Inc from shareholders including HESTA, Five V Capital and AirTree Ventures

• Dental Boutique has hired Morgan Stanley to find a significant minority growth investor, with the 16-clinic dental chain valued at more than $500m

• Partners Group and Quadrant Private Equity are in early-stage talks to merge their Australian childcare businesses Guardian and Affinity

• Anchorage Capital Partners has reportedly agreed terms to acquire NRMA’s SIXT Australia car rental business

• Harvest Lane has lifted its stake in Kip McGrath Education Centres ((KME)) to almost 20% as Crimson Education pursues its takeover bid

• Rio Tinto ((RIO)) is seeking bids for its $300m Mt Cattlin lithium mine in Western Australia, with Develop Global ((DVP)), Delta Lithium ((DLI)) and Core Lithium ((CXO)) among potential buyers

• PDI Gold could face competition from B2Gold and Perseus Mining ((PRU)) in its pursuit of Turaco Gold ((TCG)) and the Afema gold project in Cote d’Ivoire, with Turaco valued at around $840m

• EQT and Bain Capital are competing to acquire Blackstone-owned Nucleus Networks in a Goldman Sachs-run auction valuing the business at more than $1bn

• Blue Owl and PIMCO are leading a US$2.4bn financing package for IREN ((IREN)) to fund Nvidia GPU purchases for its Canadian data centre project

• Firmus is renewing efforts to recruit retail brokers ahead of a potential October IPO, following a $2.9bn private placement that valued the Australian AI infrastructure company at $15.5bn

• Excelsior Capital ((ECL)) has delayed its planned ASX delisting while it considers a third-party recapitalisation proposal

• Advent-backed Imaging Associates and Radiology SA have raised $360m to complete their $700m merger, creating a new radiology group called Radia

• White Energy ((WEC)) has agreed to acquire coal assets in the US and Queensland alongside a $15m capital raising, with Nathan Tinkler planned to take a leadership role

• 4DS Memory ((4DS)) has agreed to acquire Australian edge AI software company Jenesys for $5m in shares plus contingent consideration, accompanied by a $5m capital raising to fund integration and commercialisation

• Canyon Resources ((CAY)) shareholders have taken majority owner A2MP’s takeover bid to the Takeovers Panel amid concerns over the terms of the offer

• ANZ Group Holdings ((ANZ)) is reportedly considering a takeover of Judo Capital Holdings ((JDO)) ($1.13bn) as it looks to strengthen its position in SME banking

• Sports Entertainment Group has reportedly ended its interest in acquiring ARN Media ((A1N)) following its $107.4m acquisition of Quadrant-backed New Zealand broadcaster MediaWorks

• Hanwha’s proposed US$1.05bn-US$1.2bn acquisition of Austal’s ((ASB)) US operations is reportedly facing uncertainty following heavy losses at the business and political complications surrounding the transaction

• Andean Silver ((ASL)) has launched a $50m equity raising to fund the restart of its Cerro Bayo silver-gold project in Chile

• Caledonia Investments is selling around 3m shares in Light & Wonder ((LNW)), worth at least $372m, through Barrenjoey ((MFG))

• Private credit lenders are moving to secure assets linked to property developer Bathla, with Ray White Capital reportedly exposed to around $200m

• Imagine Education has agreed to acquire Eden Academy and dozens of childcare centres in a $250m expansion deal

• A BlackRock GIP-led consortium including Nvidia, Microsoft, MGX and IFM Investors has submitted a non-binding bid for Stack Infrastructure’s Asia-Pacific data centre portfolio, potentially valued at US$18bn-US$30bn

• Bellevue Gold ((BGL)) is reportedly considering a scrip merger with $1.7bn Catalyst Metals ((CYL)), while takeover speculation involving Regis Resources ((RRL)) has resurfaced

• Qube Holdings ((QUB)) could face competition from I Squared and Stonepeak for the circa $6bn sale of Pacific National

• Ramelius Resources ((RMS)) is reportedly interested in Northern Star Resources’ ((NST)) Carosue Dam gold mine, which could be worth around $800m, as activist investor Elliott pressures Northern Star over its portfolio

• Titomic ((TTT)) is seeking to raise $15m from investors following a sharp decline in its share price and weaker half-year revenue

• Firmus is reportedly targeting a $4bn ASX IPO at a valuation of around $15bn, with a prospectus expected in coming weeks

• HSBC has launched an auction for around $20bn of Australian retail deposits as it completes its exit from Australian retail banking, with Citi approaching major local banks about the portfolio

• Pengana Capital is seeking Takeovers Panel intervention over concerns Wilson Asset Management could increase its holding in Pengana International Equities to more than 20% through PIA’s proposed buy-back

• Eureka Group Holdings ((EGH)) is reportedly considering the acquisition of non-core holiday park assets from Ingenia Communities ((INA)) as Eureka prepares to announce a material acquisition

• Former Carlyle dealmakers have entered the data centre sector through Arcadia, backed by family office capital

• Wiluna Mining is preparing to file for an ASX relisting via an IPO targeting a valuation of around $500m, despite suspended processing operations and pressure from lenders

• Eureka Group Holdings ((EGH)) is acquiring six Ingenia Communities Group ((INA)) assets for $123.8m, funded by an $80.2m equity raising and a new $80m debt facility

• The Goldman Sachs-run sale of PE-backed corporate services group Boardroom is reportedly struggling, with vendors seeking around SGD1.2bn based on pro-forma earnings of circa SGD60m

• Ares Management has hired Macquarie Capital ((MQG)) as it pursues a potential takeover of truck parts distributor MaxiPARTS ((MXI))

• Healthscope lenders are voting on an improved takeover proposal from Calvary and Pacific Equity Partners, as momentum fades behind a competing lender-owned restructuring plan

• Nestle has appointed Houlihan Lokey to sell New Zealand vitamin and supplements brand Go Healthy as part of a broader portfolio rationalisation

• Norwegian software group Volue has walked away from its $550m-plus takeover proposal for Energy One ((EOL)) after the target’s board declined to engage

• CVC Capital Partners has acquired a controlling stake in Queensland-founded insurance repair specialist Ambrose Construct Group, valuing the business at around $700m

• ExxonMobil’s proposed sale of its New Zealand fuel business for up to NZD1bn is progressing, with KKR, Carlyle and Australian private equity firms among prospective bidders

• Firmus has committed US$300m to Subco’s APX East submarine cable, securing up to 150Tbps of Australia-US capacity for 25 years to support its expanding AI factory network

• Team Global Express is seeking to refinance almost $180m of debt and raise a further $100m of funding, with its auditors flagging material uncertainty around the company’s ability to continue as a going concern

• Manuka Resources ((MKR)) is seeking to raise $12m from investors following the restart of gold production at its Cobar operations in NSW

• Moonshot AI has reportedly filed confidentially for a Hong Kong IPO seeking around US$3bn, potentially ranking among the city’s largest recent listings

• Melbourne private credit manager RMBL has emerged among lenders exposed to the $3.3bn collapse of property developer Bathla

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