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17 stories mentioning ASX:ZIPUpdated 13d ago

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Asia Markets

Australian Shares Fall; Coles Group Ends Talks With TPG Capital Over Potential Greencross Acquisition

Australian shares retreated on Friday after a sell-off on Wall Street over concerns of potential overcapacity in the artificial intelligence build-up.The S&P/ASX 200 Index fell by 44 points, or 0.5%, to close at 8,796.70.On Wall Street, the Nasdaq Composite index fell 1.5% overnight, while the S&P 500 and the Dow Jones declined 0.5% and 0.2%, respectively.Brent crude oil futures continued to rise to trade around $85 per barrel as the US and Iran continued to trade strikes. Meanwhile, spot gold fell below the $4,000 mark to around $3,981 per ounce.On the domestic front, the impact of artificial intelligence (AI) on the Australian labor market has been small so far, but the landscape is quickly rapidly, with the data pointing to the labor market changing in shape more than size, Jarden said.In company news, Coles Group (ASX:COL) said it has ceased discussions with private equity firm TPG Capital regarding the potential acquisition of Greencross Pet Wellness.Regis Resources (ASX:RRL) identified that 4,391 ounces of gold were incorrectly reported as poured bullion on hand after final reconciliation on June 30. As a result of this error, the end-of-month cash and bullion on hand was adjusted to AU$1.18 billion from AU$1.21 billion. Gold production at the Duketon gold project in Western Australia for the fiscal year 2027 is expected to be higher than in the fiscal year 2026.Lastly, Zip (ASX:ZIP) said it will undertake an orderly wind-down of its New Zealand operations following a strategic review, as the company sharpens its focus on its Australian and US businesses, which continue to deliver strong growth and profitability.

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Asia

ASX Preview: Australian Shares to Fall as Oil Eases Amid Iran War Tensions; Coles Group Ends Talks With TPG Capital Over Potential Greencross Acquisition

Australian shares are poised to fall on Friday as oil prices declined about 1% but held near mid-June highs amid escalating tensions in the Iran war, after Tehran reportedly urged Yemen's Houthi movement to prepare for a possible closure of the Red Sea oil export route.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.5%, 1.5%, and 0.2%, respectively.In the macroeconomy, investors are eyeing Australia's labor force report next week.In corporate news, Coles Group (ASX:COL) said it has ceased discussions with private equity firm TPG Capital regarding the potential acquisition of Greencross Pet Wellness Company.Zip (ASX:ZIP) said it will undertake an orderly wind down of its New Zealand operations following a strategic review, as the company sharpens its focus on its Australian and US businesses, which continue to deliver strong growth and profitabilityAustralia's benchmark index closed flat with a negative bias at 8,840.70 on Thursday.

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Asia

Zip to Wind Down New Zealand Operations

Zip (ASX:ZIP) said it will undertake an orderly wind down of its New Zealand operations following a strategic review, as the company sharpens its focus on its Australian and US businesses, which continue to deliver strong growth and profitability, according to a Friday filing with the Australian bourse.The company said it will assist employees, customers, merchants, and partners throughout the transition, while noting that the financial impact on the group is expected to be insignificant, the filing added.

ASX:ZIP
Asia

Zip US Partners With Rally House to Offer Buy Now, Pay Later for Sports Fans

Zip (ASX:ZIP) partnered with US sports retailer Rally House to introduce buy now, pay later payment options online and in-store, enabling fans to purchase licensed team merchandise with greater flexibility across its nationwide network, according to a Monday statement by the company after market hours.Rally House is the official team shop for the Big 12, Big Ten, and Mid-American Conferences, with over 300 stores across 28 states.

ASX:ZIP
Asia

Zip US Partners With Stripe to Integrate Shared Payment Tokens for AI-Driven Checkout Expansion

Zip's (ASX:ZIP) US arm will integrate Stripe's shared payment tokens (SPTs) into its payments infrastructure, enabling its flexible financing options to be used in emerging artificial intelligence (AI)-driven agentic commerce experiences, according to a Tuesday statement by the company after market hours.SPTs enable AI agents to execute transactions for consumers without revealing sensitive payment credentials, extending capabilities beyond conventional card-on-file arrangements.The move enables the company to power next-generation checkout experiences while preserving customer control, transparency, and payment flexibility.

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Asia

Australian Shares Up, Zip Co to Continue Using Zip Brand in Australia

Australian shares rose on Thursday as hopes increased that a deal to resolve the conflict in the Middle East was nearing.The S&P/ASX 200 Index rose 1.47%, or 125.10 points, to close at 8,621.70.Brent crude oil futures fell to trade around $105 per barrel after US President Donald Trump said the country was in the final stages of talks with Iran.On the domestic front, Australia's seasonally adjusted unemployment rate rose to 4.5% in April, up from 4.3% in March, data from the Australian Bureau of Statistics showed.Australia's private sector slipped back into contraction in May as output, demand, and business sentiment weakened amid persistent inflation pressures and geopolitical disruption, according to a survey by S&P Global. The Flash Australia PMI Composite Output Index fell to 47.8 in May from 50.4 in April, signaling a moderate contraction in activity.In company news, Zip Co (ASX:ZIP) said it will continue to operate using the Zip brand in Australia after a settlement with mortgage lender Firstmac. As part of the deal, the company will acquire the registered trademark number 1021128 for Zip, allowing it to continue using the name Zip in Australia for its products and services.Tower (ASX:TWR, NZE:TWR) reported fiscal first-half earnings of NZ$0.066 per share, down from NZ$0.13 a year earlier. Gross written premium for the six months ended March 31 was NZ$300.8 million, compared with NZ$297 million a year earlier.Lastly, IperionX (ASX:IPX) completed the site acceptance and commissioning of its 300-ton six-axis SACMI powder metallurgy press at its Titanium manufacturing campus in Virginia, U.S. The facility provides higher compaction force, multi-axis movement, improved repeatability, and enhanced geometry control in comparison with conventional uniaxial pressing systems. Its shares fell 11% on market close.

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Asia

ASX Preview: Australian Shares Set to Rise as US-Iran Talks Near Final Stage; Australian Agricultural Company Swings to Fiscal Year 2026 Profit as Revenue Rises

Australian shares are poised to rise on Thursday as oil prices fell about 6% after reports that US-Iran negotiations were in their final stages, easing some geopolitical risk sentiment, though investors remain cautious amid ongoing concerns over Middle East supply disruptions and the possibility of further volatility in global energy markets.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 1.1%, 1.5%, and 1.3%, respectively.In the macroeconomy, Australia's private sector slipped back into contraction in May as output, demand, and business sentiment weakened amid persistent inflation pressures and geopolitical disruption, according to a survey by S&P Global released Thursday.Australia's labor force report is due at 11:30 am Sydney time.In corporate news, Australian Agricultural Company (ASX:AAC) reported Thursday that it swung to a profit of AU$0.1789 per share on revenue of AU$422.1 million, compared with a loss of AU$0.0018 on revenue of AU$387.9 million a year earlier.Zip (ASX:ZIP) will continue to operate using the Zip brand in Australia after a settlement with mortgage lender Firstmac.Australia's benchmark index fell 1.3% or 108.1 points to close at 8,496.60 on Wednesday.

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Asia

Zip Co to Continue Using Zip Brand in Australia

Zip Co (ASX:ZIP) said it will continue to operate using the Zip brand in Australia after a settlement with mortgage lender Firstmac, according to a Thursday filing with the Australian bourse.The company reached a settlement with Firstmac, under which the company will acquire the registered trademark number 1021128 for Zip, allowing it to continue using the name Zip in Australia for its products and services, the filing said.

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Asia

Zip Says High Court Rules It Must Stop Using Zip Trademark in Australia, Shares Down 7%

Zip (ASX:ZIP) said the High Court of Australia has delivered judgment in trade mark infringement proceedings brought by Firstmac, requiring Zip and its units to cease using the Zip trademark in Australia in relation to its products and services within 28 days, according to a Wednesday Australian bourse filing.The company said the decision does not impact its US business, which represents about 80% of divisional cash earnings, or its New Zealand business, with no change in the use of the Zip brand by either business, the filing added.Firstmac is a private non-bank Australian lender that offers a product named ZIP Home Loan, the loan provider's website showed.The company's shares fell 7% in recent Wednesday trade.

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Asia

Zip Reconfirms Fiscal Year 2026 Guidance as US TTV Growth Tops 40% in April

Zip (ASX:ZIP) said momentum continued across the group in April, with US year-on-year total transaction value (TTV) growth above 40% in US dollar terms, according to a Thursday Australian bourse filing.The company said US credit outcomes are performing in line with expectations and on track to be below 1.75% of TTV for the fiscal fourth quarter.Zip reconfirmed fiscal year 2026 guidance, including group cash earnings before tax, depreciation, and amortization (EBTDA) of more than AU$260 million, US TTV growth of more than 40% in US dollar terms, and a group operating margin of more than 18%.Additional guidance metrics include a group revenue margin of about 8%, group cash EBTDA as a percentage of TTV of more than 1.4%, and a group cash net transaction margin of 3.8% to 4.2%, it added.

ASX:ZIP
Asia

Zip Says JPMorgan Chase Increases Stake

Zip (ASX:ZIP) received notice that JPMorgan Chase and its affiliates increased their holdings in the company to 7.42% from 6.27%, according to a Monday Australian bourse filing.JPMorgan Chase and its affiliates now own 93.2 million shares in the company, the filing said.

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Asia

Zip's Fiscal Q3 Showed 'Very Good Control' Over Unit Economics, Jefferies Says

Zip's (ASX:ZIP) fiscal third-quarter results confirmed that the company has "very good control" over unit economics, and softer consumer sentiment could translate into more usage of its services given its non-discretionary customer base, Jefferies said in an April 17 note.The equity research firm said Zip's US bad debts likely peaked at 1.9% of total transaction value in the fiscal third quarter, while its revenue margin recovered to 8.4%, which was "a solid result" given the mix shift toward the US.The company also saw higher engagement in the US, as average spend per customer increased more than 32% year over year and average transactions per customer gained roughly 22%, indicating that repeat usage is gaining traction, according to the note."Groceries and utilities are significant contributors to US growth, and these nondiscretionary spend categories should be less susceptible to macro headwinds," Jefferies said.The equity research firm upgraded its fiscal 2026 cash earnings before taxes, depreciation, and amortization forecast for Zip by 5%, but cut it by 11% for fiscal 2027 due to currency headwinds and a lower revenue margin in Australia and New Zealand.Jefferies maintained a buy rating on the company and lowered its price target to AU$3.80 from AU$4.20.Zip's shares surged almost 9% in recent Monday trade.

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Asia

Australian Shares End Slightly Lower; Zip Posts Higher Fiscal Q3 EBTDA, Upgrades Fiscal 2026 Outlook

Australian shares were slightly lower at Friday's close as investors awaited potential ​US-Iran diplomacy over the weekend.The S&P/ASX 200 Index slipped 0.1% or 8.1 points to close at 8,946.90.US President Donald Trump announced a 10-day ceasefire between Lebanon and Israel and said talks between the US and Iran may take place over the weekend. Brent crude oil futures fell over 1% to $98.14 per barrel. Spot gold climbed nearly 1% to $4,830.82 per ounce.On the domestic front, card activity in Australia rose 1.2% over the March quarter, with quarterly momentum subdued and slowing on the 2% average seen over the June, September, and December quarters in 2025, according to a report by Westpac. The Westpac-DataX Card Tracker Index declined 2.2 points over the three weeks to April 11.In company news, Zip (ASX:ZIP) reported Friday fiscal third quarter cash earnings before taxes, depreciation, and amortization (EBTDA) of AU$65.1 million per share, up from AU$46 million a year earlier. The company said it upgraded its fiscal 2026 group cash EBTDA guidance to be no less than AU$260 million.Alcoa (ASX:AAI) reported Friday first-quarter adjusted earnings of $1.40 per share, down from $2.15 a year earlier. The company expects 2026 total alumina segment production and shipments to remain unchanged from its prior projection, ranging between 9.7 million to 9.9 million metric tons, and between 11.8 million and 12 million metric tons, respectively.Lastly, Paladin Energy (ASX:PDN) said it now expects fiscal 2026 triuranium octoxide production of between 4.5 million and 4.8 million pounds, up from previous guidance of 4 million to 4.4 million pounds, from the Langer Heinrich Mine in Namibia. Its shares reached a near two-year peak during the trading session.

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Asia

Zip Says JPMorgan Increases Stake; Shares Up 14%

Zip (ASX:ZIP) said JPMorgan Chase & Co. and its affiliates have increased their stake in the company on Tuesday to 6.27% or 78.8 million shares from 5.15% or 65.5 million shares, according to a Friday Australian bourse filing.The company's shares were up past 14% in recent Friday trade.

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Asia

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Friday.Zip (ASX:ZIP): 41 million sharesArafura Rare Earths (ASX:ARU): 39.5 million sharesCore Lithium (ASX:CXO): 37.2 million sharesDateline Resources (ASX:DTR): 32.9 million sharesTabcorp Holdings (ASX:TAH): 15.2 million shares

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Asia

Update: Zip Posts Higher Fiscal Q3 EBTDA, Upgrades Fiscal 2026 Outlook; Shares Up 16%

(Updates to add stock movement in the headline and last paragraph)Zip (ASX:ZIP) reported Friday fiscal third quarter cash earnings before taxes, depreciation, and amortization (EBTDA) of AU$65.1 million per share, up from AU$46 million a year earlier.Revenue for the three months ended March 31 was AU$332.2 million, compared with AU$276.3 million a year earlier.The total transaction volume for the quarter was AU$4 billion, compared with AU$3.3 billion in the prior-year period.The company said it upgraded its fiscal 2026 group cash EBTDA guidance to be no less than AU$260 million. It also reconfirmed its previous guidance and forecast group revenue margin of around 8%.The company's shares rose almost 16% in recent Friday trade.

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Asia

Zip Posts Higher Fiscal Q3 EBTDA, Upgrades Fiscal 2026 Outlook

Zip (ASX:ZIP) reported Friday fiscal third quarter cash earnings before taxes, depreciation, and amortization (EBTDA) of AU$65.1 million per share, up from AU$46 million a year earlier.Revenue for the three months ended March 31 was AU$332.2 million, compared with AU$276.3 million a year earlier.The total transaction volume for the quarter was AU$4 billion, compared with AU$3.3 billion in the prior-year period.The company said it upgraded its fiscal 2026 group cash EBTDA guidance to be no less than AU$260 million. It also reconfirmed its previous guidance and forecast group revenue margin of around 8%.

ASX:ZIP

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