Peter Warren Automotive (ASX:PWR) expects fiscal 2026 underlying profit before tax to be in the range of AU$12 million to AU$15 million, according to a Monday filing with the Australian bourse.
Shares fell past 24% in morning trade Monday and earlier reached their lowest since January 2012.
MaxiPARTS (ASX:MXI) said it has appointed Anu Parikh as chief financial officer, starting July 7, according to a Monday Australian bourse filing.The company said Parikh has held various senior finance roles at National Australia Bank, Marlin Brands, and Incitec Pivot Fertilizers following a career at KPMG, with her most recent role being chief financial officer of IsAlb.Outgoing Chief Financial Officer Liz Blockley will remain with the business until July 10 to assist with the transition, it added.
Yum! Brands, which licenses its KFC, Pizza Hut and Taco Bell brands to Yum China Holdings (HKG:9987) in mainland China, reportedly entered exclusive talks with LongRange Capital to sell its lagging Pizza Hut chain.Bloomberg News reported May 29, citing people familiar with the matter, that both sides are advancing discussions and are in an exclusivity period, but that a deal is not guaranteed.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Gorilla Gold Mines' (ASX:GG8) drill results from its Comet Vale gold project in Western Australia continued to show the scale and repeatability of high-grade mineralization at the Sovereign deposit, Euroz Hartleys said in a May 29 note.The company recently found further high-grade gold mineralization at the deposit, with results of up to 3.8 meters at 21 grams per tonne (g/t) grade of gold from 374 meters and 2.1 meters at nearly 25 g/t gold from 329 meters.The results indicate several high-grade intercepts within and around the current resource, suggesting potential for resource growth and grade improvement, the financial services firm said.Sovereign remains the largest and highest-grade individual deposit at the project, currently hosting 410,000 ounces at 4.3 g/t grade of gold over a strike length of 1.3 kilometers.Four rigs are currently operational at the project, following up on discoveries at Diddy Kong, Donkey Kong, and Magilla deposits, as well as high-grade footwall lodes at Sovereign.Euroz Hartleys has a speculative buy rating and a price target of AU$0.80 on Gorilla Gold Mines.