ASX:MTS

4 stories mentioning ASX:MTS

Every FINWIRES story that references ASX:MTS, newest first.

Vicinity Centres Appoints Patrick Allaway as Chairman-Elect as Trevor Gerber Announces Retirement

Vicinity Centres (ASX:VCX) said independent non-executive chairman Trevor Gerber intends to retire from the board at the 2026 annual general meeting on Oct. 28, with Patrick Allaway appointed as a non-executive director and chairman-elect effective June 15, according to a Monday Australian bourse filing.The company said Allaway will succeed Gerber as chairman at the conclusion of the meeting, subject to his election as a director by security holders.Allaway is currently a member of the Adobe International Advisory Board, having previously served as chairman of Bank of Queensland (ASX:BOQ) and as a non-executive director of Allianz Australia, Dexus Funds Management, Macquarie Goodman Industrial Trust, and Metcash (ASX:MTS), among others, it added.

ASX:BOQASX:MTSASX:VCX

Asia34d ago

Metcash's Lack Of Hardware Leg-Down in Wake of Middle East Conflict 'Reassuring,' Jefferies Says

Metcash's (ASX:MTS) liquor margin rebound was the highlight of its trading update, and the lack of hardware segment leg-down since the start of the conflict in the Middle East is "reassuring," Jefferies said in a note on Monday.The hardware and tools segment saw revenue growth accelerate to 6.2% in the fiscal second half from 2.5% in the fiscal first half.The management has proven disciplined on cost and cash flow. Its fiscal year 2026 net profit after tax of AU$268 million to AU$270 million is broadly in line with consensus at AU$268 million. No material impact is expected in the year from higher freight or product costs.The investment firm upgraded Metcash to a buy from hold and increased the price target to AU$3.50 per share from AU$3.45 per share.

ASX:MTS

Asia35d ago

Update: Metcash Expects Year-Over-Year Increase in Fiscal Year 2026 Revenue; Shares Up 8%

(Updates to add stock movement in the headline and last paragraph)Metcash (ASX:MTS) expects fiscal year 2026 revenue of AU$19.6 billion, up 0.7% from the previous year, according to a Monday filing with the Australian bourse.The company also expects fiscal year underlying profit after tax in the range of AU$268 million to AU$270 million.Metcash said ongoing cost initiatives are expected to yield at least around AU$25 million of annualized savings in fiscal year 2027.Additionally, the company has increased inventory levels as a precaution, even though it has not yet experienced any supply shortages due to the Middle East conflict.The company's shares rose around 8% in recent Monday trade.

ASX:MTS

Asia35d ago

Metcash Expects Year-Over-Year Increase in Fiscal Year 2026 Revenue

Metcash (ASX:MTS) expects fiscal year 2026 revenue of AU$19.6 billion, up 0.7% from the previous year, according to a Monday filing with the Australian bourse.The company also expects fiscal year underlying profit after tax in the range of AU$268 million to AU$270 million.Metcash said ongoing cost initiatives are expected to yield at least around AU$25 million of annualized savings in fiscal year 2027.Additionally, the company has increased inventory levels as a precaution, even though it has not yet experienced any supply shortages due to the Middle East conflict.

ASX:MTS