Australian Shares Up; Charter Hall Group Raises Fiscal Year 2026 Guidance for Operating Earnings
Australian shares rose on Monday as oil prices fell over hopes of a resolution to the conflict in the Middle East.The S&P/ASX 200 Index rose 0.4%, or 35 points, to close at 8,692.Brent crude oil futures fell under the $100 mark to $97.75 per barrel. US President Donald Trump said he had told his representatives not to rush into any deal with Iran. Earlier, the President said the US and Iran had "largely negotiated" a memorandum of understanding on a deal to reopen the critical Strait of Hormuz.US consumer sentiment fell to a record low in May as higher energy prices intensified cost-of-living concerns.In company news, Charter Hall Group (ASX:CHC) increased its fiscal year 2026 guidance for operating earnings to AU$1.03 per security from AU$1 previously. The new outlook represents a nearly 27% increase on fiscal year 2025 operating earnings per security of AU$0.814.National Australia Bank (ASX:NAB) launched its first community hub in Werribee, Victoria, bringing together specialist banking support, fraud and scam experts, and community services under one roof, alongside The Salvation Army to provide early intervention and practical assistance for people experiencing financial stress.Lastly, Adore Beauty Group (ASX:ABY) said its revenue for the 47 weeks ended May 24 came in at AU$193.4 million, rising 7.4% over the prior corresponding period. The company provided a fiscal year 2027 revenue growth target of at least 10% and underlying earnings before interest, taxes, depreciation, and amortization guidance of AU$9 million to AU$13 million.