Domino’s Pizza Enterprises Ltd (ASX: DMP), Sandfire Resources Ltd (ASX: SFR), and Macquarie Group Ltd (ASX: MQG) shares are grabbing financial headlines today.

Two of the large-cap stocks are underperforming the 0.7% gains posted by the S&P/ASX 200 Index (ASX: XJO) during the Thursday lunch hour, while one stock is racing ahead of those gains.

Here’s why all three are grabbing investor attention today.

Macquarie shares dip on CEO transition

After posting gains this morning, Macquarie shares have dipped into the red at the time of writing, down 0.1% at $254.65 each.

This comes after the ASX 200 diversified financial services company announced that Shemara Wikramanayake will step down from her role in November. Wikramanayake has held the top post for eight years.

Greg Ward will take over the reins following Wikramanayake’s retirement. Ward is currently Macquarie’s Head of Banking and Financial Services.

Commenting on the transition, Wikramanayake said:

I take confidence in the strength of the team, and particularly in Greg’s ability to build on the legacy of our six decades of history. We have worked together for 30 years, and his track record, leadership and integrity make him an excellent candidate to be Macquarie’s next CEO.

Sandfire shares lift on record quarterly sales

Unlike Macquarie shares, Sandfire shares are outperforming today, up 4.3% to $19.49 apiece.

Sandfire shares are making waves following the release of a strong June quarter update (Q4 FY 2026).

Among the highlights, the ASX 200 copper stock reported a 38% increase in copper equivalent (CuEq) production to 47,600 tonnes. This saw the miner achieve annual production guidance, producing 154,200 tonnes of CuEq in FY 2026.

Likely spurring investor spirits, Sandfire achieved record quarterly sales revenue of $574 million.

On the earnings front, underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at $343 million. Management expects full-year FY 2026 underlying EBITDA to reach $867 million.

Turning to the balance sheet, as at 30 June, Sandfire had a net cash position of $353 million. That compares favourably to the company’s $123 million in net debt a year earlier.

Which brings us to…

Domino’s shares slip on court ruling

Like Macquarie shares, Domino’s shares are trailing the benchmark today.

Shares in the ASX 200 fast food pizza retailer are down 0.2% at the time of writing, changing hands for $16.85 apiece.

This follows news that the Federal Court ruled that Domino’s engaged in “misleading and deceptive conduct regarding the application of certified enterprise agreements”.

The ruling is part of a broader class action addressing alleged underpayment of franchisee employee wages from 2013 to 2018.

The ruling only relates to Mr Gall, the lead applicant’s claim. The court assessed Gall’s loss at just under $12,000.

Domino’s said it is reviewing the court’s judgment to assess the potential for appeal. The company noted that the potential liability for broader group members remains “highly uncertain and unquantifiable”.

The post Why Sandfire, Domino’s and Macquarie shares are making waves on Thursday appeared first on The Motley Fool Australia.

More reading

• Domino’s Pizza Enterprises faces court ruling in class action earnings update
• Sandfire Resources posts record sales and cash in strong FY26 finish
• Macquarie Group announces new CEO as Shemara Wikramanayake prepares to retire
• This UK bank plans to disrupt CBA, ANZ, NAB and Westpac
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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises and Macquarie Group. The Motley Fool Australia has recommended Domino’s Pizza Enterprises and Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

S&P/ASX 200 Index (ASX: XJO) shares are 0.6% higher at 8.875.9 points on Thursday.

This week, brokers have reduced their ratings on several ASX 200 shares.

Let’s take a look.

Cochlear Ltd (ASX: COH)

The Cochlear share price is $110.20, down 1.7% today and down 65% over 12 months.

RBC Capital downgraded the ASX 200 healthcare share to a hold rating.

The broker reduced its 12-month price target from $125 to $117.

This implies a potential 6% upside ahead.

AMP Ltd (ASX: AMP)

The AMP share price is $2.15, up 0.7% today and up 29% over 12 months.

Jarden downgraded AMP shares to a hold rating, but increased its price target from $1.65 to $2.

This suggests a potential 7% downside ahead for the ASX 200 financial share.

Wesfarmers Ltd (ASX: WES)

The Wesfarmers share price is $88.76, down 1.3% today and up 6.8% over 12 months.

Morgan Stanley downgraded the ASX 200 consumer discretionary share to a sell rating today.

The broker lifted its 12-month price target slightly from $78.70 to $79.

This implies a potential 11% downside ahead.

Woolworths Group Ltd (ASX: WOW)

The Woolworths share price is $38.93, down 0.9% today and up 25% over 12 months.

JP Morgan downgraded the ASX 200 consumer staples share to a hold rating.

The broker raised its 12-month price target from $37 to $39.50.

This indicates a potential capital gain of just 1% over the next year. 

Coles Group Ltd (ASX: COL)

The Coles share price is $23.50, up 0.4% today and up 16% over 12 months.

JP Morgan downgraded Coles shares to a hold rating with a $23.50 target.

This suggests the stock is fully valued at today’s price.

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price is $11.80, down 0.3% today and down 12% over 12 months.

Citi downgraded the ASX 200 travel share to a hold rating with a $13.20 target.

This suggests a potential 12% upside ahead.

Centuria Industrial REIT (ASX: CIP)

The Centuria Industrial REIT share price is $3.01, up 1.9% today and down 4% over 12 months.

Bell Potter downgraded the real estate investment trust (REIT) to a hold rating with a $3.25 target yesterday.

This suggests potential capital growth of 8% over the next year. 

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix Pharmaceuticals share price is $14.95, up 0.6% today and down 30% over 12 months.

RBC Capital downgraded the ASX 200 tech share to a hold rating with an $18 target.

This still implies a healthy potential 20% upside ahead.

The post 8 ASX 200 shares downgraded by experts this week appeared first on The Motley Fool Australia.

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• How many Cochlear shares do I need to buy for $10,000 of passive income?
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JPMorgan Chase is an advertising partner of Motley Fool Money. Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Cochlear, JPMorgan Chase, Telix Pharmaceuticals, and Wesfarmers. The Motley Fool Australia has recommended Cochlear, Flight Centre Travel Group, Telix Pharmaceuticals, and Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Corporate Travel Management Ltd (ASX: CTD) share price is in focus after the company formally confirmed Ana Pedersen as its new Managing Director and Group Chief Executive Officer, following her time as Acting CEO. The appointment is effective 23 July 2026, marking a significant leadership update for Corporate Travel shareholders.

What did Corporate Travel Management report?

• Ana Pedersen confirmed as Managing Director and Group CEO, effective 23 July 2026
• Ms Pedersen previously served as Acting Group CEO since 2 February 2026
• Total annual fixed remuneration set at $1.2 million
• Short-term incentive opportunity of $500,000 (FY26), subject to performance
• Long-term incentive opportunity of $1 million (FY26), also performance-based

What else do investors need to know?

Ana Pedersen brings more than 20 years’ global experience in corporate travel and technology, with senior leadership roles across Australia, Asia, and North America. Prior to joining CTM in October 2024, she held executive roles with BCD Travel and HRS Group, leading significant growth initiatives and managing global commercial strategies.

Her new permanent appointment replaces her interim role and follows a period described by Corporate Travel as “particularly challenging.” The Board has highlighted her steady leadership and focus on client delivery during this time.

What did Corporate Travel Management management say?

Managing Director and Group Chief Executive Officer Ana Pedersen said:

I am pleased to continue leading Corporate Travel, and our focus is on advancing our priorities with discipline and clarity, while working toward fair and timely outcomes for those affected. We remain committed to delivering for our clients and supporting our people, who are at the heart of our business. We know there is more to do, and we are doing everything we can to make meaningful progress.

What’s next for Corporate Travel Management?

Ms Pedersen’s appointment signals continuity in Corporate Travel’s strategy, with a continued emphasis on supporting clients and staff while navigating ongoing industry challenges. The Board voiced confidence that her leadership will help position Corporate Travel for long-term success and steady delivery on key objectives.

Looking ahead, incentive arrangements for the new CEO involve both short- and long-term performance targets, aligning her interests with sustained growth for shareholders. Further updates about performance or strategy may follow in future announcements.

View Original Announcement

The post Corporate Travel Management names Ana Pedersen as new CEO appeared first on The Motley Fool Australia.

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• Corporate Travel Management updates investors on delayed FY25 results and UK remediation

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Corporate Travel Management. The Motley Fool Australia has positions in and has recommended Corporate Travel Management. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.