Daily Brief Australia: Insurance Australia, Nufarm Ltd, Atlantic Lithium and more

In today’s briefing:

IAG AU: Greensill Settlement Removes Overhang. Tokio Marine Will Take Note

Back in July, cashed-up Tokio Marine Holdings (8766 JP) was reportedly running a ruler over Insurance Australia (IAG AU) or Suncorp (SUN AU).
Berkshire’s recent investment in Tokio Marine appears to have jumpstarted its M&A ambitions. Late August, Tokio Marine (also reportedly) identified Suncorp as its preferred takeover target
Suncorp was viewed as (potentially) a cleaner play after selling Suncorp Bank to ANZ Group Holdings (ANZ AU) in 2024. IAG is now cleaner after settling the Greensill litigation.

Nufarm’s guidance miss was largely due to two unplanned outages, now resolved, while record growth in Seeds more than offsets headwinds for Crop Protection.
Nufarm warns of a miss to FY26 earnings guidance Crop Protection faces headwinds, but two unplanned outages will not be repeated Seed Technologies’ growth greater than forecast, with more likely to follow-through Company is organising presentations to analysts and investors on Monday & Tuesday

The designer, manufacturer and supplier of advanced testing, simulation and measurement products and services to the global transport market provided a trading update in respect of the year ended 31 August.
Further to the update issued on 28 July, the Board confirmed that the trading in the remainder of the final quarter was as anticipated and consequently performance for FY2026 is expected to be in line with the guidance provided at the time and current market expectations.
Revenue for the year from continuing operations is expected to be £91.6m and adjusted operating margin is in line with the Group’s medium-term target of 20%.

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