Company Interview / Market Update | Magellan Financial, Catapult, MAAS, IperionX, Tyro, Maggie Beer

Magellan Financial (ASX: MFG) has reported $39.3 billion in Assets Under Management at the end of May - up from $38.5 billion at the end of April. In May, the Group experienced net outflows of around $400 million.

The sport data company Catapult (ASX: CAT) will acquire 'Perch', a US-based company using 3D analytics to monitor gym performance. Catapult says this acquisition will be funded through a mix of cash and shares, with no capital raise required.

Meanwhile - Construction materials provider MAAS (ASX: MGH) has reaffirmed its FY25 earnings guidance - with asset recycling expected to exceed $100 million. The company is holding an investor Day today - where it said key drivers for growth include Energy infrastructure... forecasting a pick up in Wind energy projects in the next five years.

IperionX (ASX: IPX) has won a $152 million contract amid President Trump's critical minerals push....The contract will see the company kickstart titanium manufacturing and supply for the US Department of Defence.

The CEO of Tyro (ASX: TYR) will step down in six months -- after accepting a job in private equity in Melbourne. Jon Davey joined Tyro in 2021 and will remain in the role in the coming months while a replacement is found.

And premium food producer Maggie Beer (ASX: MBH) has sold its Paris Creek Farms dairy business for half a million dollars. Katoomba Global Foods has bought the business which has been on the market for about nine months. Chairman Mark Lindh says the divestment will bring around $2.2 million in cash flow savings for Maggie Beer Holdings.