27 stories mentioning ASX:TWEUpdated 31d ago
Every FINWIRES story that references ASX:TWE, newest first.
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Treasury Wine Estates (ASX:TWE) said that JPMorgan Chase and its affiliates ceased to be substantial holders of the firm as of May 7, according to a Tuesday Australian bourse filing.Its shares fell 3% in recent trading on Tuesday.
Treasury Wine Estates' (ASX:TWE) commentary on the March quarter suggests solid depletions growth across Asia, suggesting Asia ex-China depletions grew 14% in the period, Jefferies said in a note on Wednesday.The value of luxury exports to Asia excluding China grew 25.4% year-over-year in the March quarter.The Chinese wine market is structurally smaller than in the pre-tariff era, particularly for higher-priced products, given anti-extravagance measures. This has been compounded by cyclically weaker domestic Chinese consumption. China is the largest export market, accounting for 25% of total exports by value and 73% of luxury exports by value.The value of luxury exports to Hong Kong was around 14% lower in the March quarter than in the prior-year quarter. Throughout the year, Singapore surpassed Hong Kong for the value of luxury wine exported for the first time in several years.The investment firm assigned Treasury Wine Estates a hold recommendation with a price target of AU$4 per share.
Australian shares retreated at Wednesday's close as uncertainty around negotiations between the US and Iran continued, even as the US extended a ceasefire.The S&P/ASX 200 Index declined 1.18%, or by 105.80 points, to close at 8,843.60.US President Donald Trump said the US would extend the ceasefire with Iran indefinitely. Iran had rejected a second round of negotiations before the extension was declared. The Strait of Hormuz remained closed, while President Trump said he would continue the US's blockade of Iran.Brent crude oil futures were steady at $$98.47 per barrel.On the domestic front, the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, fell to negative 0.13% in March from 0.05% in February, signaling a renewed slowdown in growth expectations as higher interest rates and weaker consumer sentiment weigh on the outlook.The Commonwealth Bank of Australia's inaugural FX Barometer report, conducted between Feb. 16 and April 10, showed that importers were hedging around 80% of their currency exposures and exporters hedging 86%, while businesses that both import and export were hedging around two-thirds of their exposures, reflecting partial natural offsets.In company news, Treasury Wine Estates (ASX:TWE) will transition to a new regional operating model, effective Oct. 1. Under the new model, the company will operate four regional divisions: the Americas; Australia and New Zealand (ANZ) and Europe; Greater China; and emerging markets, which cover the rest of Asia, Middle East, and Africa. Its shares soared over 16% on market close.BHP Group (ASX:BHP) reported fiscal third-quarter copper production of 476,800 tonnes, down 7% from a year earlier. Iron ore output for the March quarter was 62.8 million tonnes, an increase of 2% from the year-ago period. Its shares closed up over 1%.Lastly, South32 (ASX:S32) reported a 1% increase in alumina production year-to-date to March, helped by record production in its Brazil Alumina segment. Aluminium production was mostly flat during the period. Its shares were up over 1% on market close.
Consumer staples stock rose more than 1% to lead gainers in midday trading on Wednesday.Treasury Wine Estates (ASX:TWE) was advancing more than 16% after saying it will transition to a new regional operating model, effective Oct. 1, under which the company will have four regional divisions.On the flip side, health care stocks retreated over 5%, weighed down by a sharp decline for sector heavyweight Cochlear (ASX:COH).The company's shares plunged more than 39% after it downgraded its fiscal year 2026 underlying net profit guidance, saying that trading conditions for its hearing implants in developed markets have been weaker than anticipated since January.
Treasury Wine Estates (ASX:TWE) will transition to a new regional operating model, effective Oct. 1, according to a Wednesday Australian bourse filing.Under the new model, the company will operate four regional divisions: the Americas; Australia and New Zealand (ANZ) and Europe; Greater China; and emerging markets, which cover the rest of Asia, Middle East, and Africa.Each division will house front-end core commercial capabilities across sales, marketing, direct to consumer, and commercial strategy, per the filing. The company will retain specialist luxury sales capabilities in key markets and channels, and prioritize investment in Penfolds and other priority luxury brands.Tom King, currently the managing director of Penfolds, will assume the new role of chief commercial officer, the filing said. Kristy Keyte, currently the chief marketing officer for Penfolds, will assume the new role of chief marketing and innovation officer.The company continues to expect that fiscal second half earnings before interest, tax, self-generating and regenerating assets will be higher than the first half. It does not expect increased costs to have a material impact in fiscal 2026 in the wake of the Middle East conflict, and it will continue to monitor the situation for possible impacts.The company also established new debt commitments worth AU$300 million in total from a number of lenders within its global banking group on terms consistent with existing debt arrangements to be used to refinance fiscal 2027 debt maturities and further increase its liquidity position.
Billionaire Olivier Goudet and Luxembourg's Platin have increased their stake in Treasury Wine Estates (ASX:TWE), with voting power rising to 8.14% from 7.13%, according to a Tuesday filing with the Australian bourse.Goudet and Platin, together as associates, together own about 65.7 million shares of Treasury Wine Estates, following a series of on-market purchases.Treasury Wine Estates' shares declined nearly 1% in recent trading on Tuesday.
Treasury Wine Estates (ASX:TWE) has renewed its consultancy agreements with Leslie and Rich Frank, the founders and former owners of Frank Family Vineyards, for one year with no changes to the terms, according to a Monday filing with the Australian bourse.Treasury Wine Estates entered into the consultancy agreements when it acquired Frank Family Vineyards in 2021.Shares of the company were down 1% in recent Monday trading.
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