FINWIRES · TerminalLIVE
FINWIRES

Elanor Investors Group Appoints David McNamara as CEO

By

Elanor Investors Group (ASX:ENN) appointed David McNamara as chief executive, effective June 22, according to a Wednesday filing with the Australian bourse.

Tony Fehon, who has served as interim managing director since September 2024, will transition away from the interim executive role over a six month period to resume his position as a non-executive director of Elanor, the company said.

McNamara has more than 34 years of experience in real estate investment, funds management, asset management, and capital transactions, per the filing.

Related Articles

Asia

Market Chatter: Japan Approves 3.1 Trillion Yen Extra Budget to Curb Inflation Amid Iran Crisis

Japan's cabinet approved a 3.1 trillion yen supplementary budget to protect households from Middle East-driven inflation, including a 2.5 trillion yen reserve fund to cap gasoline costs, Bloomberg News reported Wednesday.To finance the package, the government will rely on new debt while keeping total bond issuance unchanged by canceling some previously authorized borrowing from the last fiscal year, the news wire said.The extra budget, set to be submitted to parliament on Wednesday with passage expected by Friday, comes just weeks after the annual budget was approved, potentially heightening investor worries about Japan's spending trajectory, the publication said.These fiscal anxieties have rattled the bond market, where benchmark 10-year yields recently touched a three-decade high and super-long yields hit record levels amid inflation and monetary policy concerns, the report said.The package also highlights the deepening economic toll of prolonged Middle East turmoil on resource-poor Japan, which depends heavily on the region for crude oil imports used in fuel, plastics, and other petroleum-based goods, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$^N225
Asia

Ingenia Communities on Track to Deliver Fiscal 2026 Results at Top End of Guidance Range; Shares Up 4%

Ingenia Communities Group (ASX:INA) said it is on track to deliver fiscal 2026 results at the top end of its guidance range as the business continues to be supported by stable annuity-style cashflows, according to a Wednesday filing with the Australian bourse.The company guided for fiscal 2026 underlying earnings per share of AU$0.325 to AU$0.34, representing growth of 5% to 10% from fiscal 2025, and earnings before interest and taxes of AU$180.5 million to AU$188.7 million, up 10% to 15% from the previous year.Ingenia anticipates fiscal 2026 settlements in the range of 560 to 575 homes after it acquired or secured more than 3,400 potential home sites in the second half of the fiscal year.Additionally, the company has launched a sale process for lower growth assets that is expected to release about AU$140 million in capital over the next six months.Ingenia Communities' shares rose 4% in recent Wednesday trade.

$ASX:INA
Asia

Market Chatter: Swiftfab Leads Japanese Supplier Alliance to Slash Battery Equipment Costs

Swiftfab Energy Systems, a joint venture established in April by nine Japanese battery-equipment suppliers, is spearheading a new modular manufacturing model, Nikkei Asia reported Wednesday, citing president Keisuke Kida.The company's approach, which Kida compares to stacking building blocks to assemble a production line, is expected to reduce total equipment costs by roughly 70% and help domestic battery makers compete with Chinese rivals, the news daily said.The founding suppliers include Hitachi (TYO:6501), Ricoh (TYO:7752), Toyota Motor-affiliated (TYO:7203) Jtekt (TYO:6473), Komatsu NTC, and Seibu Giken (TYO:6223), all members of the Battery Association for Supply Chain, the publication said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$TYO:6223$TYO:6473$TYO:6501$TYO:7203$TYO:7752