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Asia

Update: ASX Biggest Losers

(Updates to add tickers)Here are the ASX-listed companies with the biggest losses on Friday:Energy Resources of Australia (ASX:ERA): -20%, AU$0.002United Overseas Australia (ASX:UOS): -6%, AU$0.68Tamboran Resources (ASX:TBN): -7%, AU$0.22REA Group (ASX:REA): -4%, AU$141.51News Corp (ASX:NWS): -4%, AU$42.45Viva Energy Group (ASX:VEA): -4%, AU$2.24DigiCo Infrastructure REIT (ASX:DGT): -4%, AU$2.43Tuas (ASX:TUA): -3%, AU$2.62Anteris Technologies Global (ASX:AVR): -3%, AU$13.08Beach Energy (ASX:BPT): -2%, AU$1.06

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Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Friday.Energy Resources of Australia (ASX:ERA): -20%, AU$0.002Champion Iron (ASX:CIA): -5%, AU$4.54Superloop (ASX:SLC): -5%, AU$3.42Weebit Nano (ASX:WBT): -4%, AU$7.05Helia Group (ASX:HLI): -3%, AU$4.84GemLife Communities Group (ASX:GLF): -3%, AU$4.45Karoon Energy (ASX:KAR): -3%, AU$1.94Viva Energy Group (ASX:VEA): -2%, AU$2.11Ryman Healthcare (ASX:RYM): -2%, AU$1.88CSL (ASX:CSL): -2%, AU$96.05

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Asia

Australian Shares Decline; Viva Energy Expects Geelong Refinery Production to Reach Over 90% Capacity in June

Australian shares closed lower on Monday as investors await the Reserve Bank of Australia's monetary policy board meeting on Tuesday.The S&P/ASX 200 Index fell 0.37%, or 32.70 points, to close at 8,697.10.Brent crude oil futures inched up to $108.36 per barrel. US President Donald Trump said the US would start guiding neutral ships in the Persian Gulf through the Strait of Hormuz.On the domestic front, the ANZ-Indeed Australian job ads fell 0.8% month on month in April to a seasonally adjusted 113.3, following a revised 3.2% decrease to 114.2 in March, ANZ reported.Seasonally adjusted data revealed that the total number of dwellings approved in Australia fell by around 11% to 17,300 in March from 19,339 in the previous month, figures from the Australian Bureau of Statistics showed.The Melbourne Institute said its monthly inflation gauge recorded another increase in April, mainly driven by higher recreation-related prices, largely due to rising airfares.In company news, Viva Energy Group (ASX:VEA) expected repairs needed to restart the residue catalytic cracking unit at its fire-hit Geelong Refinery to take about six weeks before the unit returns to operation in June. The refinery expects to produce diesel and jet fuel at about 80% of capacity and petrol at roughly 60% while the unit remains offline. Its shares fell 4% at market close.National Australia Bank (ASX:NAB) reported fiscal first-half cash earnings of AU$0.861 per share, down from AU$1.145 a year earlier. Net operating income for the six months ended March 31 was AU$10.87 billion, compared with AU$10.27 billion a year earlier. Its shares closed down 1%.Lastly, Accent Group (ASX:AX1) lowered its earnings before interest and taxes (EBIT) guidance for the second half of fiscal year 2026 after higher fuel prices and deteriorating consumer confidence negatively impacted sales and margins in April. The company now expects fiscal second-half EBIT of AU$23 million to AU$28 million. In February, Accent Group guided for fiscal second-half EBIT of AU$30 million to AU$35 million. Its shares fell 13% on market close.

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Asia

ASX Preview: Australian Shares Set to Fall Amid RBA Hike Bets; National Australia Bank Posts Lower Fiscal H1 Cash Earnings, Higher Net Operating Income

Australian shares are poised to fall on Monday as investors brace for a likely Reserve Bank of Australia (RBA) rate hike to 4.35% on Tuesday, with persistent inflation pressures and rising fuel costs linked to Middle East supply disruptions keeping the central bank on a hawkish path even as global peers hold steady.On May 1, the S&P 500 and the Nasdaq Composite rose 0.3% and 0.9%, respectively, while the Dow Jones Industrial Average fell 0.3%.In the macroeconomy, Australia's building approvals and ANZ-Indeed job ads reports are due at 11:30 am Sydney time.In corporate news, National Australia Bank (ASX:NAB) reported Monday fiscal first-half cash earnings of AU$0.861 per share on net operating income of AU$10.87 billion, compared with cash earnings of AU$1.145 on net operating income of AU$10.27 billion a year earlier.Viva Energy Group (ASX:VEA) expected repairs needed to restart the residue catalytic cracking unit at its fire-hit Geelong Refinery to take about six weeks before the unit returns to operation in June.Australia's benchmark index rose 0.7% or 64 points to close at 8,729.80 on May 1.

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Asia

Viva Energy Expects Geelong Refinery Production to Reach Over 90% Capacity in June

Viva Energy Group (ASX:VEA) expected repairs needed to restart the residue catalytic cracking unit at its fire-hit Geelong Refinery to take about six weeks before the unit returns to operation in June, according to a Monday filing with the Australian bourse.The refinery expects to produce diesel and jet fuel at about 80% of capacity and petrol at roughly 60% while the unit remains offline, with production expected to increase to more than 90% capacity after the unit's expected restart next month.Viva Energy said it has sufficient fuel stocks to cover the reduced production and expects to maintain a normal fuel supply to customers.The company's investigation into the April 15 fire and its impact is ongoing.

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Asia

Australian Shares Close Modestly Higher; National Australia Bank Boosts Provisions to Reflect Middle East Conflict Impact

Australian shares were modestly higher at Monday's close as oil prices spiked and investors weighed the rising tensions between the ​US and Iran.The S&P/ASX 200 Index increased slightly by 6.4 points to close at 8,953.30.Tensions rose in the Middle East as the US seized an Iranian cargo ship and Iran's top military command said they would retaliate. The ceasefire between the two countries is set to expire on Tuesday.US President Donald Trump said he was sending envoys for talks in Pakistan and that he would launch new strikes on Iran if it didn't agree to his terms. However, Iran rejected new peace talks with the US, its state news agency reported.Brent crude oil futures were up by 5.7% to $95.50 per barrel.On the domestic front, ANZ said it expects Australia's underlying cash deficit to be little changed from the Mid-Year Economic and Fiscal Outlook at AU$37 billion in fiscal 2025 to 2026 and AU$36 billion in fiscal 2026 to 2027, with deficits averaging about 1% of gross domestic product likely over the forward estimates through to fiscal 2029 to 2030.Australian households' fuel spend dropped 3.8% to AU$163.4 million in the week that started April 6, following a nearly 18% decline to AU$169.8 million in the week before.In company news, National Australia Bank (ASX:NAB) said it expects fiscal first-half credit impairment charges of AU$706 million as it lifts provisions to reflect risks stemming from the Middle East conflict. The AU$300 million net increase in forward-looking collective provisions includes a AU$201 million increase in forward-looking adjustments for potential stress in sectors that are more likely to see an impact from fuel supply and cost issues.Viva Energy Group (ASX:VEA) reported a 5.1% year-over-year increase in first-quarter sales volume to 4,302 megaliters, driven by an increase of 7.1% in commercial and industrial fuel volume. The company said its Geelong refinery does not typically source Middle Eastern crude.Lastly, Worley (ASX:WOR) said the adverse impact of the Middle East conflict on its fiscal 2026 underlying earnings before interest, tax, and amortization is estimated to range from AU$30 million to AU$40 million.

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Asia

ASX Midday Sector Update: Consumer Discretionary Stocks Gain, Energy Slides

Consumer discretionary stocks were rising 1% to lead gainers in midday trading Monday.Wesfarmers (ASX:WES) was advancing nearly 2% and Lottery Corp. (ALX:TLC) almost 1%.On the flip side, energy stocks were shedding almost 3% as oil prices gained amid renewed uncertainty surrounding the passage of ships through the Strait of Hormuz and a potential second round of talks between the US and Iran.Viva Energy Group (ASX:VEA) was down more than 5% after saying its fire-hit Geelong refinery is expected to produce diesel and jet fuel at about 80% of capacity and petrol at roughly 60% of capacity in the short term. The company also reported a 5.1% year-over-year increase in first-quarter sales volume.

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Asia

Viva Energy Group Reports Over 5% Increase in Q1 Sales Volume; Shares Down 6%

Viva Energy Group (ASX:VEA) reported a 5.1% year-over-year increase in first-quarter sales volume to 4,302 megaliters, driven by an increase of 7.1% in commercial and industrial fuel volume, according to a Monday filing with the Australian bourse.The company said its Geelong refinery does not typically source Middle Eastern crude. The refinery's current crude supply flows mainly from North America, South America, South-East Asia, and Australia have not been impacted by the Iran conflict, and the plant has firm crude supply through to July "with high confidence that this supply can continue."The Geelong refinery operated at full production during the first quarter, but will be operating at a reduced capacity over the short term due to a fire that broke out on April 15. Roughly a third of Viva Energy's transport fuel sales are typically sourced from the Geelong refinery, per the filing.Meanwhile, regional refining margins are expected to remain higher through the second quarter due to the impact from the Middle East conflict. Commercial and infrastructure sales and margins are also expected to remain robust through the second quarter, with aviation demand expected to be impacted by the conflict, Viva Energy said.The company's shares have resumed trading following a halt after the fire incident, and were down nearly 6% in recent Monday trade.

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Asia

ASX Preview: Australian Shares Set to Fall as US-Iran Tensions Escalate; Viva Energy's Geelong Refinery to Produce Petrol at 60% of Capacity Over Short Term

Australian shares are poised to fall on Monday as escalating US-Iran tensions, including the seizure of an Iranian cargo ship and threats of retaliation that have put a fragile ceasefire at risk, rattled global markets and pushed oil prices sharply higher.On April 17, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 1.2%, 1.5%, and 1.8%, respectively.In corporate news, Viva Energy Group (ASX:VEA) said its fire-hit Geelong refinery is expected to produce diesel and jet fuel at about 80% of capacity and petrol at roughly 60% of capacity in the short term.National Australia Bank (ASX:NAB) said it expects fiscal first-half credit impairment charges of AU$706 million as it lifts provisions to reflect risks stemming from the Middle East conflict.Australia's benchmark index fell 0.1% or 8.1 points to close at 8,946.90 on April 17.

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Asia

Viva Energy Group's Fire-Hit Geelong Refinery to Produce Petrol at 60% of Capacity Over Short Term

Viva Energy Group (ASX:VEA) said its fire-hit Geelong refinery is expected to produce diesel and jet fuel at about 80% of capacity and petrol at roughly 60% of capacity in the short term, according to a Monday filing with the Australian bourse.The company said it has adequate fuel stocks to cover the reduced production and expects to maintain normal fuel supply to customers following the April 15 fire, which was brought under control and fully extinguished by the morning of April 16.The residue catalytic cracking unit a the site was unaffected but remains offline while operations are stabilized. The company expects to restart the unit and lift production of diesel, jet fuel, and petrol to over 90% of capacity "over the next few weeks," it said. Once the unit is restarted, the refinery is expected to continue production at 90% until repairs are completed.Viva Energy added it has insurance coverage for property damage and business interruption. It is investigating the cause of the fire, and will launch an assessment of damage, repairs, and financial impact this week.The company's shares will resume trading at market open on Monday.

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Asia

Viva Energy Group's Geelong Refinery Producing 60% of Petrol Capacity After Fire, Albanese Says

Viva Energy Group's (ASX:VEA) Geelong refinery, which caught on fire late Wednesday, is still producing 60% of its ​petrol capacity and 80% ​of diesel and aviation fuel, Australian Prime Minister Anthony Albanese said Friday, according to same-day media reports.The government and Viva Energy hope that production will ramp up "over the coming ​period," Albanese told reporters ​at a press conference, Reuters reported.The cause of the fire is suspected to be a mechanical fault, News.com.au reported.Viva Energy said late Thursday that Fire Rescue Victoria has the situation under control, and the company will determine the extent of the damage at the site once it is safe to do so."We anticipate that the impacts will be predominantly to the production of gasoline and aviation gasoline," Viva Energy said. "There is no immediate impact to fuel supply, and the company expects to replace any lost production through its fuel import program."

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Asia

Australian Shares Decline; Ora Banda Mining Posts Higher March Quarter Gold Production

Australian shares fell on Wednesday's close amid optimism about a ​US-Iran ceasefire.The S&P/ASX 200 Index fell 23.70 points, or 0.26%, to close at 8,955.The US and Iran are weighing further talks as mediation efforts continue to prevent the resumption of the conflict in the Middle East. Brent crude oil futures were steady at $95.02 per barrel. Spot gold climbed nearly 1% to $4,830.82 per ounce.On Wall Street, the Nasdaq rose 1.6%, and the S&P 500 climbed 0.8% to reach record closing highs on Wednesday. Meanwhile, the Dow Jones slid 2%.On the domestic front, Australia's seasonally adjusted unemployment rate remained at 4.3% in March, unchanged from the previous month, data from the Australian Bureau of Statistics showed. The total number of employed people increased by 17,900, bringing the total to 14.8 million.Australia's consumer inflation expectations rose by 0.7 percentage points in April to 5.9%, driven largely by a recent spike in oil prices, according to the Melbourne Institute Survey of Consumer Inflationary Expectations.In company news, Ora Banda Mining (ASX:OBM) said gold production in the March quarter rose 21% to 38,766 ounces from the December 2025 quarter, with 38,637 ounces sold and fiscal 2026 year-to-date production totaling 101,200 ounces. Its shares rose 9% on market close.Netwealth Group (ASX:NWL) reported funds under administration of about AU$125.79 billion at the close of the March quarter, up almost 21% from AU$104.08 billion at the end of the same quarter a year earlier. Its shares closed up 6%.Lastly, Viva Energy Group (ASX:VEA) requested an immediate trading halt on the Australian Securities Exchange as it prepares to announce the impact of a significant fire at its Geelong Refinery. The facility, one of only two refineries still operating in Australia, has a processing capacity of 120,000 barrels of oil per day, and it reportedly accounts for 10% of Australia's fuel supply and 50% of the fuel used in Victoria.

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Asia

ASX Midday Sector Update: Information Technology Stocks Gain, Energy Shares Slide

Information technology advanced 6% to lead gainers in midday trading on Thursday, after US-listed peers drove the S&P 500 and Nasdaq composite to new records on Wednesday.Shares of WiseTech Global (ASX:WTC) rose 7%, while those of Xero (ASX:XRO) increased6%.Meanwhile, energy stocks fell 1% amid continued optimism for a peace deal between the US and Iran.A fire erupted at Viva Energy Group's (ASX:VEA) oil refinery in Geelong overnight, impacting one of the only two refineries that are still operating in Australia. The company requested an immediate trading halt on its securities as it prepares to disclose the impact of the fire.

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Asia

Viva Energy Group Requests Trading Halt After Major Fire at Geelong Refinery

Viva Energy Group (ASX:VEA) requested an immediate trading halt on the Australian Securities Exchange as it prepares to announce the impact of a significant fire at its Geelong Refinery, according to a Thursday filing with the Australian bourse.The company has requested that the trading halt remain in effect until the information is released or trading resumes on April 20, the filing added.

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Asia

ASX Preview: Australian Shares to Open Flat as Trump Signals Optimism on Iran Deal Talks; Viva Energy Group Refinery in Geelong on Fire

Australian shares are expected to open flat on Thursday as markets weighed renewed optimism from the Trump administration over a possible Iran deal against escalating threats of tighter sanctions on Iranian oil buyers and ongoing disruptions to shipping through the Strait of Hormuz.Overnight, the S&P 500 and the Nasdaq Composite rose 0.8% and 1.6%, respectively, while the Dow Jones Industrial Average fell 0.2%.In the macroeconomy, Australia's labor force report is due at 11:30 am Sydney time.In corporate news, A fire erupted at Viva Energy Group's (ASX:VEA) oil refinery in Geelong overnight, and firefighters are still working to bring it under control, multiple media outlets reported Thursday.Rio Tinto Group (ASX:RIO) commissioned a new alumina conveyor at its BC Works smelter in Kitimat, Canada, the company said on Thursday.Australia's benchmark index rose 0.1% or 7.9 points to close at 8,978.70 on Wednesday.

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Viva Energy Group Refinery in Geelong on Fire

A fire erupted at Viva Energy Group's (ASX:VEA) oil refinery in Geelong overnight and firefighters are still working to bring it under control, multiple media outlets reported Thursday.The facility, one of only two refineries that is still operating in Australia, has a processing capacity of 120,000 barrels of oil per day, the Australian Financial Review reported. It reportedly accounts for 10% of Australia's fuel supply and 50% of the fuel used in Victoria.All Viva Energy staff at the location have been accounted for, and no injuries have been reported so far, according to the reports.Australian Energy Minister Chris Bowen said the fire appears to be an accident and will impact fuel production in the country. An investigation into the incident will follow.

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Asia

Viva Energy Group Changes 2025 Financial Report Accounting Judgement After ASIC Review, Shares Jump 3%

Viva Energy Group (ASX:VEA) changed an accounting judgement applied in its financial report for the year ended Dec. 31, 2025, resulting in an increase in impairment expenses of AU$25 million, following a review conducted under the Australian Securities and Investments Commission's (ASIC) financial reporting and audit surveillance program, according to a Monday statement.Viva Energy recognized a total impairment expense for its retail convenience sites for the 2025 year of AU$558.8 million.The regulator reviewed Viva Energy's financial report and raised concerns about its approach to impairment testing of its convenience retail sites. This involved assessing some sites as a group on the basis that the Shell Card is a wholesale offering across Viva Energy's Australia-wide network, rather than assessing them all on an individual site basis.ASIC believed that this group approach was inappropriate because Viva Energy was able to assess impairment for each retail site included in the Shell Card cash-generating unit.Its shares jumped 3% in recent trading on Monday.

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