7 stories mentioning ASX:GEM
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G8 Education (ASX:GEM) appointed Chief People Officer Linda Carroll as chief operating officer, effective July 20, according to a Friday Australian bourse filing.Carroll succeeds Shane Dann, who is stepping down on July 17 to pursue other opportunities, the filing added.
Charter Hall Social Infrastructure REIT (ASX:CQE) said it has performed 33 early learning asset market rent reviews since the close of 2025 to deliver a more than 7% average increase in rental income, according to a Friday filing with the Australian bourse.Five early learning assets were contracted for divestment since Dec. 31, 2025, totaling AU$17.3 million at an average yield of 4.6%, achieving an average of 6.5% premium to book value, per the filing.Additionally, four assets totaling AU$21 million that were previously contracted for sale have now settled.Meanwhile, the company also received notice from G8 Education (ASX:GEM) of its plan to suspend operations at five early learning assets owned by Charter Hall. The five assets represent about 1% of Charter Hall's total income, and G8 has confirmed that it will fulfill all financial obligations under its current leases, the company said.
Australian shares continued to retreat for the seventh consecutive day at Wednesday's close as markets reacted to the United Arab Emirates' decision to leave the Organisation of the Petroleum Exporting Countries (OPEC).The S&P/ASX 200 Index fell 0.27%, or by 23.70 points, to close at 8,687.Brent crude oil futures for June were trading around $111.25 a barrel after the UAE decided to exit OPEC and OPEC+, effective May 1.Meanwhile, the Strait of Hormuz remained closed, as US President Donald Trump is said to be unhappy with Iran's latest proposal.Further, President Trump told aides to be ready for an extended Iran blockade, the Wall Street Journal reported, citing US officials.On the domestic front, Australia's consumer price index (CPI) rose 4.6% in the 12 months to March, up from a 3.7% increase in the year to February, according to data from the Australian Bureau of Statistics.Trimmed mean inflation was unchanged at 3.3% in the 12 months to March compared with February.In company news, G8 Education (ASX:GEM) plans to suspend the operation of around 40 of its centers as a result of an assessment of its network. It will transition customers to one of the nearby centers and, where possible, redeploy team members. The firm will then consider longer-term options for those centers, including lease surrender, divestment, or other alternatives. Its shares plunged 29% at market close, earlier reaching a 16-year low.Woodside Energy Group's (ASX:WDS) operating revenue fell to $3.26 billion in the first quarter ended March 31 from $3.32 billion a year earlier. Total production in the March quarter fell year on year to 45.2 million barrels of oil equivalent (MMBoe) from 49.1 MMBoe. Its shares closed up 2%.Lastly, ANZ Group Holdings (ASX:ANZ, NZE:ANZ) agreed to acquire Worldline's 51% stake in their joint venture ANZ Worldline for an enterprise value of AU$89 million as part of the bank's broader 2030 strategy to enhance transaction banking capabilities.
Arena REIT (ASX:ARF) said it received notice from G8 Education (ASX:GEM) of its plan to suspend operations at an Arena-owned early learning center in Western Australia, according to a Wednesday filing with the Australian bourse.Arena said it has received all due rent from G8 and is engaging with the company regarding its lease obligations and plans for the impacted center, per the filing.The lease for the center has a remaining term of 10.8 years and accounts for 0.2% of Arena's portfolio income, the company said.G8 Education earlier the same day disclosed plans to suspend operations for around 40 of its centers due to a network assessment.Arena REIT shares fell 3% in recent Wednesday trading, while G8 Education shed more than 24%.
(Updates to add the stock movement in the sixth paragraph)G8 Education (ASX:GEM) plans to suspend the operation of around 40 of its centers as a result of an assessment of its network, according to a Wednesday Australian bourse filing.It will transition customers to one of the nearby centers and, where possible, redeploy team members. The firm will then consider longer-term options for those centers, including lease surrender, divestment, or other alternatives.The firm will also reorganize its support office structure and reduce its cost base.Its current spot occupancy as of April 24 came in at 56.4%, down 7% year-over-year, while year-to-date occupancy was 56.1%, down 7.9% versus the prior corresponding period.Occupancy across the early childhood education and care sector is lower compared to previous years due to sustained affordability pressures, falling birth rates, increased long-day care supply, and confidence impacted by serious child safety incidents, the filing noted.Its shares fell 25% in recent trading on Wednesday, earlier reaching a 16-year low.
G8 Education (ASX:GEM) plans to suspend the operation of around 40 of its centers as a result of an assessment of its network, according to a Wednesday Australian bourse filing.It will transition customers to one of the nearby centers and, where possible, redeploy team members. The firm will then consider longer-term options for those centers, including lease surrender, divestment, or other alternatives.The firm will also reorganize its support office structure and reduce its cost base.Its current spot occupancy as of April 24 came in at 56.4%, down 7% year-over-year, while year-to-date occupancy was 56.1%, down 7.9% versus the prior corresponding period.Occupancy across the early childhood education and care sector is lower compared to previous years due to sustained affordability pressures, falling birth rates, increased long-day care supply, and confidence impacted by serious child safety incidents, the filing noted.
G8 Education (ASX:GEM) said Macquarie Group (ASX:MQG) became a substantial holder on April 22 after acquiring 39.2 million securities of the firm, according to a Monday Australian bourse filing.Macquarie's voting power in the firm is now 5.08%.Its shares were up over 1% in recent trading on Monday.