6 stories mentioning ASX:CWY
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Cleanaway Waste Management's (ASX:CWY) Chair, Philippe Etienne, decided to retire from the board on June 30, according to a Friday Australian bourse filing.Etienne will be succeeded by Samantha Hogg, per the filing.
Cleanaway Waste Management (ASX:CWY) said Chair Philippe Etienne will retire at or around the company's annual general meeting on Oct. 22, according to a Friday Australian bourse filing.Independent Non-Executive Director Samantha Hogg has been appointed chair-elect and will assume the role of chair following Etienne's retirement, the filing added.
Cleanaway Waste Management (ASX:CWY) said the Victorian Supreme Court ruled in favor of the Environment Protection Authority (EPA) regarding an alleged historical underpayment of landfill levy at the Melbourne Regional Landfill for the fiscal year 2018, according to a Thursday Australian bourse filing.The alleged landfill levy underpayment amount for the said fiscal year is AU$6.9 million.The regulator brought the proceedings against Cleanaway in order to recover an alleged landfill levy underpayment on materials purchased by the firm from the adjacent Boral quarry for use in landfill operations.Cleanaway's stance was that the type of product purchased from Boral should not be considered "waste" to which landfill levies should apply. It is reviewing the decision and has 42 days to decide whether to appeal the decision.Its shares rose 1% in recent trading on Thursday.
Cleanaway Waste Management (ASX:CWY) expects that a 'free cash flow inflection point' will arrive in fiscal 2027, which is encouraging and largely congruent with Visible Alpha expectations, according to a Tuesday Jarden note.The research firm believes that investors are largely taking a "prove it" approach to the improvement in free cash flow to fiscal 2030, which could be demonstrated by the company in the second half of fiscal 2026.Jarden sees the second half of the fiscal year as a critical juncture for Cleanaway to demonstrate that future organic earnings growth can be supported by strong free cash generation, while delivering forecast dividends.Jarden maintained a buy rating on Cleanaway Waste Management with a price target of AU$3.10.The company's shares rose 3% in recent Wednesday trade.
Australian shares rose on Tuesday's close as investor sentiment was buoyed by optimism around a peace deal between the US and Iran, even as the US naval blockade of Iran took effect.The S&P/ASX 200 Index climbed 0.5% or 44.80 points to close at 8,970.80, reaching a new 20-day high.US President Donald Trump said Iran had called the White House over a potential peace agreement.Both countries had left room for further negotiations, and there was forward motion on trying to get to an agreement, Reuters reported, citing sources.Brent crude oil futures declined 1.5% to $97.90 per barrel.On the domestic front, the Westpac-Melbourne Institute Consumer Sentiment Index fell sharply around 13% to 80.1 in April from 91.6 in March, as rising fuel prices and interest rates added to cost-of-living pressures and weighed heavily on economic sentiment.Business confidence in Australia fell 29 points to negative 29 in March, its lowest level since April 2020 and one of the sharpest declines since the global financial crisis and COVID-19, following the Middle East conflict, National Australia Bank said in a report.Australia's consumer confidence lifted 2.2 points in the April 6 to April 12 week to 64.5 points, recording its second consecutive weekly rise, while the four-week moving average fell 1 point to 62.2 points, ANZ said in a report.In company news, Qantas Airways (ASX:QAN) now expects fuel cost for the fiscal second half to be AU$3.1 billion to AU$3.3 billion, as February jet refining margins peaked at about $120 per barrel. The airline said it has hedged about 90% of its fiscal H2 crude oil exposure but remains largely exposed to movements in jet refining margins.Cleanaway Waste Management (ASX:CWY) now expects fiscal 2026 earnings before interest and taxes of AU$460 million to AU$480 million, down from a previous range of AU$480 million to AU$500 million, due to the impact of the Middle East conflict. Its shares declined 2% at close.Lastly, Clarity Pharmaceuticals (ASX:CU6) signed a commercial manufacturing agreement for its copper-64 SAR-bisPSMA next-generation diagnostic imaging agent with Nucleus Radiopharma. The agreement includes manufacturing at Nucleus Radiopharma's facility in Rochester, Minnesota. Clarity's shares closed down 5%.
Cleanaway Waste Management (ASX:CWY) now expects fiscal 2026 earnings before interest and taxes of AU$460 million to AU$480 million, down from a previous range of AU$480 million to AU$500 million, due to the impact of the Middle East conflict, according to a Tuesday filing with the Australian bourse.As a result of the conflict, actual and forecast direct fuel costs have spiked, and supplier and third-party logistics costs have also increased, while activity has waned in the contract resources business in the Middle East, the company said.Cleanaway estimates a roughly AU$20 million adverse impact on fiscal 2026 earnings before interest and taxes due to the higher costs, per the filing.The company said it has not experienced any fuel supply issues to date, and expects to recover a "substantial portion" of the fuel cost increases over time due to its pricing structures and recovery mechanisms.