Next Week At A Glance – 9-13 Nov 2026

This story features WESTPAC BANKING CORPORATION, and other companies.
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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:

• “If a week is a long time in politics, it can be an eternity in financial markets”

• The ASX200 is tracking some 1% higher for the week after what is proving to be a roller-coaster ride of volatility, following the expected RBA’s 25bp rate hike on Tuesday and the US mid-term elections.

• The index recorded its best day in 1.5 years on Thursday, up 2.61% to 9065, on the coattails of a strong overseas rally following the Democratic sweep of Congress.

• The narrative that day was ‘gridlock’ is good for markets, which morphed into massive deleveraging and unwinding of the AI trade on Thursday, US time, as concerns over the blue Democratic wave and the AI buildout re-surfaced (again).

• Arguably, it’s become a process now, as selling can beget more selling, and then question marks about AI-related debt grow, as well as question marks around US economic growth. The AI buildout, like in Australia, has been one of the major growth drivers for the economy.

• Bank earnings were in focus this week, with a suite of relative hits and misses: Westpac ((WBC)) slightly disappointed on Monday, but National Australia Bank ((NAB)) missed by more on Thursday, as bad debt provisioning rose.

• Macquarie Group’s ((MQG)) results on Friday were better than expected, but the share price reaction is probably not helped by poor sentiment following the steep sell-off in US investment banks.

• Next week, ANZ Bank ((ANZ)) reports FY26 earnings on Monday, with CommBank ((CBA)) and Bendigo & Adelaide Bank ((BEN)) announcing quarterly updates.

• In terms of quarterly and AGM updates, there is more evidence of a domestic economy under pressure, which will probably be exacerbated by the latest rate rise and a weak housing market.

• Morgan Stanley has joined CommBank in forecasting a -10%-15% fall in Australian residential property prices, from peak to trough, with conditions unlikely to bottom before the second half of 2027.

• UBS expects the RBA to remain on hold at 4.85% before delivering two rate cuts in late 2027 and early 2028.

• The Australian market has the scope to ‘potentially’ outperform the more tech-heavy US markets, with considerably lower AI exposure.

• As was witnessed this week, bombed-out share prices are continuing to attract corporate interest, with Goodman Group ((GMG)) and US-based Digital Realty raiding NextDC’s ((NXT)) share register for up to a 9.9% stake.

• NextDC’s 50% price rally boosted the Info Tech index this week, up some 8%. Buying was also strong across Communications, Real Estate, Staples and Consumer Discretionary.

• By contrast, Energy fell nearly -8% as oil prices retreated following the mid-terms, while Financials and Materials were flat.

The team at FNArena wishes you a great weekend.

Corporate news in the week that was:

• ResMed ((RMD)) completes the US$490m sale of healthcare technology business MatrixCare to Frazier Healthcare Partners, while quarterly revenue rises 6% to US$1.4bn
• Waterman Capital acquires a significant stake in advertising agency Special to fund international expansion, with Australian partners Cade Heyde and Lindsey Evans appointed global co-CEOs
• GenusPlus ((GNP)) completes the acquisition of New Zealand telecommunications infrastructure provider UCG
• Anchorage Capital Partners advances negotiations with landlords to halve the David Jones store network amid financial difficulties, while Larry Kestelman’s Brands Collective remains a potential buyer
• Pexa Group ((PXA)) completes the previously announced sale of Value Australia, finalising the divestment first disclosed in August
• Costa family-backed Go.Farm seeks more than $50m from the potential sale of its 825-hectare Tasmanian Premium Land portfolio, including 224 hectares of vineyards
• Ebos Group ((EBO)) is reportedly being marketed to private equity buyers for a potential full or partial sale, with the company valued at approximately $3.4bn amid a declining share price and executive departures
• Mercury Capital explores a $500m-plus sale of its approximately 50% stake in architecture and design firm Architectus, appointing Luminis Partners to approach private equity and trade buyers
• EQT considers a potential sale, IPO or minority stake divestment of cancer care provider Icon Group, with a formal process potentially commencing within six to eight months
• Pemba Capital Partners moves to acquire SMSF administration provider SuperGuardian, marking its second investment in the Australian self-managed superannuation sector
• Bendix Brakes faces difficulties attracting buyers, including Penrite and Amotiv ((AOV)), amid concerns over substantial asbestos-related liabilities
• AVID Property Group raises its non-binding takeover proposal for Ingenia Communities ((INA)) to $5.45 per stapled security, matching Warburg Pincus’s revised offer
• KMD Brands ((KMD)) grants Bluestar Alliance exclusivity to undertake due diligence on a potential 100% takeover, with no binding agreement reached
• RCQ puts its proposed $75m-plus Maloja Hotel on the Sunshine Coast up for sale, attracting interest from Singaporean funds, Ovolo and international hotel operators
• Metrics-backed ((PNI)) RealtyAssist explores potential mergers with competitors as monthly losses exceed -$1m and accumulated losses reach -$57.9m
• The Oatley family reacquires Rosemount from Treasury Wine Estates ((TWE)) as the winemaker simplifies its portfolio
• Samsung C&T acquires Perth-based Powertech for around $100m, expanding its engineering and construction capabilities in the energy transition sector
• Quadrant Private Equity continues pursuing a sale of Fitness and Lifestyle Group at a potential valuation of up to $2bn
• Frasers Group presses ahead with its hostile 65c-per-share takeover offer for Accent Group ((AX1)), having increased its stake to 24%
• Rest Super commits another $250m to Wollemi Capital’s MPower solar and battery storage platform, following Wollemi’s earlier $100m investment
• The Break seeks $56m in private equity funding from family offices and other investors for its proposed $136m Adelaide surf resort and wave park
• UBS faces scrutiny over its role arranging NextDC’s ((NXT)) $1.1bn convertible note issue and associated capped call options amid share price weakness, project delays and financing concerns
• Alex Waislitz and Antony Catalano provide emergency funding to View Media Group following a -$40.6m loss, largely associated with the suspension of its view.com.au property listings portal
• Arena REIT ((ARF)) contracts to sell two additional early learning centre properties, lifting FY27 contracted disposal proceeds to $23.1m at a 7.9% premium to book value, while narrowing distribution guidance to 20c per security
• Jefferies’ clients acquire around 12% of SPC Global ((SPG)) through purchases of approximately 158m shares at 6.6c each, following the company’s recapitalisation earlier this year
• Abu Dhabi’s XRG agrees to acquire Shell’s 16.7% stake in the North West Shelf LNG project for at least US$1.45bn, expanding its Australian LNG exposure
• Blackstone’s proposed US$36bn acquisition of HSBC Australia’s loan book faces execution risks after the portfolio reportedly loses around US$6bn in customers to rival lenders
• Warburg Pincus faces a 48-hour deadline to improve its $2.2bn takeover offer for Ingenia Communities ((INA)), as Avid’s consortium holds exclusive due diligence, with both bidders seeking to derail Ingenia’s proposed $1bn Peet ((PPC)) acquisition
• Walker Lane acquires adviser Vaughan’s client book for approximately six times EBITDA, paying 50% in cash and 50% in shares, while bringing the adviser into its partnership
• Morrison has yet to secure funding for a proposed $500m-plus equity investment in AGL Energy’s ((AGL)) renewable energy pipeline, while PAG reportedly withdraws from talks to acquire BlackRock’s Akaysha Energy business
• Ramelius Resources ((RMS)) appoints Barrenjoey ((BJY)) to pursue Northern Star Resources’ ((NST)) Carosue Dam mine, reportedly valued at $800m, while Gold Fields considers improving its rejected $36bn cash-and-scrip takeover proposal for Northern Star
• Anthropic appoints eight Australian brokers to facilitate retail participation in its proposed US$100bn IPO, with an Australian prospectus expected to be lodged with ASIC next week
• Canva struggles to lift annualised revenue beyond US$3.69bn against its US$5.2bn target, with declining active users prompting discussions over potential staff reductions
• Sunrise Energy Metals ((SRL)) commits $456m to develop its Syerston scandium mine in NSW
• RBC BlueBay in advanced negotiations to acquire Yarra Capital Management, potentially providing an exit for private equity owner TA Associates
• Arthur Laundy acquires another Sydney pub for $30m, expanding his portfolio of more than 90 hotels
• Goodman Group ((GMG)) and Digital Realty seek to acquire an additional 9.9% stake in NextDC ((NXT)) for approximately $715m at $9.50 per share
• Frasers Group’s 65cps takeover bid for Accent Group ((AX1)) faces shareholder and proxy adviser opposition ahead of its AGM
• Abu Dhabi’s XRG completes its US$1.45bn acquisition of Shell’s 16.67% North West Shelf stake, with Macquarie flagging a potential further 16.67% acquisition from Woodside Energy ((WDS))
• Auckland Airport ((AIA)) launches up to NZ$100m in five-year retail bonds and proposes a further NZ$150m wholesale tranche, with total issuance capped at NZ$350m
• David Jones reportedly heading towards administration this week after rescue negotiations with landlords break down
• Tom Wallace identified as the financial backer of bankrupt pub entrepreneur Jon Adgemis, having financed his struggling business and attempted to acquire outstanding debts

For a calendar of earnings result releases and a summary of earnings results to date, refer to FNArena’s Corporate Results Monitor (https://www.fnarena.com/index.php/reporting_season/)

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