Daily Brief Australia: Domain Holdings Australia , Fluence Corp, Iron Ore and more

In today’s briefing:

Domain Enters Into Scheme With CoStar
Fluence Corp Ltd – Business re-based and set for growth
[IO Fundamentals 2025/18] Policy Easing and Trade Diplomacy: China’s Coordinated Economic Push

Domain Enters Into Scheme With CoStar

On the 27th March 2025, Domain Holdings Australia (DHG AU) announced a $4.43/share NBIO from Costar, and subsequently entered into an exclusivity and process deed.
Domain has now entered into a Scheme with CoStar on the same terms. Including any dividends paid. Curiously, terms were not declared “best & final” as stated in the NBIO.
Apart from the standard Scheme vote – expected mid-August, this needs FIRB to sign off. Potential implementation late-August. Nine Entertainment Co Holdings (NEC AU) (60.1% shareholder) is supportive.

Fluence Corporation (ASX:FLC) specialises in the delivery of water and wastewater solutions in industrial, municipal and commercial industries across the globe.
The company has released its quarterly 4C cash-flow statement and a Q1FY25 financial and operating update (December year-end).
The Q1 result showed a continuation of momentum from Q4FY24 and sets the company up for the remainder of the year.

Chinese officials unveiled a broad set of economic support actions, including rate reductions and substantial liquidity infusions, as part of intensified efforts to cushion the economy from U.S. trade tensions.
Top U.S. and Chinese officials will meet in Switzerland from May 9–12 to ease trade tensions, boosting investor sentiment and driving iron ore futures to a near two-week high.
China’s factory output contracted in April, with both the official NBS and Caixin PMI reports showing a decline in manufacturing activity amid weakening foreign demand.

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