Tourism Holdings (ASX:THL, NZE:THL) appointed Kylie Elsom as chief people and capability officer, effective September, according to a Tuesday filing with the Australian and New Zealand bourses.
Elsom most recently worked at Pie Funds New Zealand, the filing added.
Tasmea (ASX:TEA) struck a deal to acquire specialist electrical contractor Maxim Group Australia for up to AU$254 million, according to a Tuesday filing with the Australian bourse.The consideration includes about AU$112 million of upfront cash, AU$72 million in Tasmea scrip with 12 million new shares issued to vendors at AU$6 each, and cash earn-out payments of up to AU$70 million based on profitability milestones, per the filing.Tasmea expects the deal to be immediately accretive to earnings per share, estimating about 31% pro forma EPS accretion in fiscal 2026 excluding synergies and assuming 12-month ownership of Maxim.The company said Maxim has an identified pipeline in excess of AU$1.3 billion, which provided full revenue visibility for fiscal 2027 and about 85% revenue visibility for fiscal 2028.Tasmea reconfirmed its fiscal 2026 guidance for underlying net profit after tax of AU$72.5 million. The company said Maxim will contribute to fiscal 2027 earnings after the deal's expected closing around July 1.Shares of Tasmea jumped 17% in recent Tuesday trade and earlier hit an all-time high.
South Korean stocks opened at a new high on Tuesday, crossing the 8,800 threshold, largely buoyed by overnight gains on Wall Street and continued investor optimism toward AI-related stocks.The benchmark Korea Composite Stock Price Index, or Kospi, rose 1.07%, or 94.81 points, to open at 8,883.19. The Kosdaq decreased 0.5%, or 5.13 points, to open at 1,044.89.In addition, investors also had an optimistic outlook on a possible truce in the U.S.-Iran war ahead after U.S. President Donald Trump told ABC News on Monday that an agreement with Iran may come through "over the next week."South Korea's equity market surpassed India to become the world's sixth-largest stock market, Bloomberg News reported Tuesday.The total market capitalization of South Korea-listed firms jumped 86% so far in 2026 to $5 trillion, while the Indian stock market's total capitalization has decreased to $4.8 trillion, the report said.
Information technology stocks advanced nearly 3% at midday Tuesday.Xero (ASX:XRO) gained more than 6% in recent trade.On the flip side, the real estate sector struggled, shedding nearly 2%.Goodman Group (ASX:GMG) shares fell nearly 1% in recent trade.