BUZZ-Australia's IVE Group extends gains on buying Impressu; Bell Potter hikes PT
Reuters
Nov 04, 2025
BUZZ-Australia's IVE Group extends gains on buying Impressu; Bell Potter hikes PT
** IVE Group IGL.AX rises 5.3% to A$3.01, highest level since September 8
** Stock extends gains to second session after co's deal to buy Impressu Print Group and Budget Mail Services from Domino's Australia operator DMP.AX on Monday
** Marketing company also signs long-term marketing services agreement with Domino's Pizza Enterprises; expects more than A$80 mln (~$52 mln) in revenue during initial term
** Bell Potter hikes PT by 5% to A$3.25 post deal
** Raises underlying EBITDA forecasts by 1%, 3% and 4% for FY26, FY27 and FY28, respectively
** YTD, IGL gains ~43%
($1 = A$1.5389)
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))
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