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Austal Requests Trading Halt Ahead of Market Update

Austal (ASX:ASB) requested a voluntary trading halt on its securities, effective immediately, as it prepares to provide a market and trading update, according to a Friday Australian bourse filing.The halt will remain in effect until the update is released or trading resumes on Aug. 11, whichever comes first, the filing added.

ASX:ASB

Asia1d ago

ASX Preview: Australian Shares to Fall as Oil Surge; ResMed Fiscal Q4 Non-GAAP Earnings, Revenue Up

Australian shares are poised to fall on Friday after oil prices surged more than $3 a barrel as investors reacted to reports that an Iranian parliament committee is reviewing a bill that could restrict US and Israeli vessels from the Strait of Hormuz, raising concerns over potential disruptions to global energy supplies.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.2%, 0.1%, and 0.9%, respectively.In the macroeconomy, investors are eyeing the Reserve Bank of Australia's interest rate decision next week.In corporate news, ResMed (ASX:RMD) reported Friday fiscal fourth quarter non-GAAP earnings of $2.95 per share on revenue of $1.46 billion, compared with non-GAAP earnings of $2.55 on revenue of $1.35 billion a year earlier.James Hardie Industries (ASX:JHX) reported Friday fiscal first quarter adjusted earnings of $0.36 per share on net sales of $1.47 billion, compared with adjusted earnings of $0.32 on net sales of $899.9 million a year earlier.Australia's benchmark index rose 0.5%, or 43.8 points, to close at 9,271.60 on Thursday.

ASX 200ASX:JHXASX:RMD

Asia1d ago

Imricor Says Philips Issues 'Third-Party Product Compatibility Declaration' for Its Interventional Magnetic Resonance Products

Imricor Medical Systems (ASX:IMR) said Philips Medical Systems Nederland issued a "Third-Party Product Compatibility Declaration," covering Imricor's interventional magnetic resonance products when used with Philips' magnetic resonance systems, according to a Friday Australian bourse filing.This will allow Imricor's NorthStar mapping and guidance system to connect and operate in a commercial clinical setting with Philips magnetic resonance scanners.The declaration covers five initial magnetic resonance systems and four magnetic resonance system upgrades running software versions R12.1.1 or greater.

ASX:IMR

Asia1d ago

Austral Resources Australia Secures AU$15 Million Investment From QIC Queensland Critical Minerals Fund for Processing Facility Expansion

Austral Resources Australia (ASX:AR1) secured a AU$15 million investment from the QIC Queensland Critical Minerals Fund to support a stage two expansion for its Rocklands processing facility in Queensland, according to a Friday filing with the Australian bourse.The investment is structured as a royalty financing arrangement under which Austral will pay a royalty on gross revenue from production at the Rocklands facility.The company will pay a 0.8% royalty for each quarter starting with the first 200,000 tonnes of contained copper produced. It will pay a 0.3% royalty for each subsequent quarter until the next 200,000 tonnes of contained copper has been produced. The royalty will cease thereafter.The stage two expansion study will assess expanding Rocklands' processing capacity from 3 million tonnes per annum to about 4.5 million to 6 million tonnes per annum, "with the upper end likely to be provisioned for future optionality," the company said.

ASX:AR1

Asia1d ago

Tabcorp Holdings Unit Receives ACCC Draft Approval for RWWA Participation in SuperTAB Pool

Tabcorp Holdings (ASX:TAH) said the Australian Competition and Consumer Commission (ACCC) has issued a draft determination proposing to authorize its subsidiary, Tabcorp VIC, to allow Racing and Wagering Western Australia (RWWA) to participate in the SuperTAB totalizator pool, the ACCC said in a statement on Thursday.The ACCC has proposed a six-year authorization period and provided interim approval to allow the arrangement to remain in place while it reviews the application.Stakeholders have until Aug. 20 to submit feedback on the draft determination, following which the ACCC will issue its final decision.

ASX:TAH

Asia1d ago

HSBC Raises Maximum Tender Amount and Sub-Cap for Note Repurchase Offers

HSBC (HKG:0005) has raised the maximum tender amount for its cash purchase of four series of outstanding notes from $5 billion to $6.75 billion.The banking group increased the sub-cap for May 2028 Notes from $750 million to $1 billion, according to a bourse filing on Thursday.The offers, which will expire on Aug. 12, are part of proactive debt portfolio management, with acceptance prioritized by series and subject to proration if limits are exceeded.The company has already satisfied the new issue condition by pricing $6.75 billion in new senior unsecured notes, which will fund the repurchases.The offers are restricted or subject to special conditions in the UK, Belgium, Italy, Hong Kong, Canada, and France.

HKG:0005

Asia1d ago

Market Chatter: Coles Group to Outsource Hundreds of Jobs to India Under New Accenture Deal

Coles Group (ASX:COL) is planning to shift up to 1,000 jobs to India, including marketing and technology roles, under a multi-year outsourcing deal with professional services company Accenture, the Australian Financial Review reported Friday, citing unnamed people briefed on the plans.In response to' request for comment, a Coles spokesperson said that the numbers are in "several hundreds," and the shift will involve job cuts, as well as exploring redeployments and retraining opportunities."Under the multi-year partnership, some work in our corporate workforce will move to Accenture overseas and in Australia," the spokesperson said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:COL

Asia1d ago

Aurum Resources Drilling at Côte d'Ivoire Project Intersects Gold Mineralization Outside Current Mineral Resource

Aurum Resources (ASX:AUE) said the latest drilling at its Boundiali gold project in Côte d'Ivoire intersected gold mineralization outside the current mineral resource, indicating further resource growth potential, according to a Friday filing with the Australian bourse.Key drill intercepts at the BMT3 deposit include 1.76 meters at 150.87 grams per tonne grade of gold from 485.94 meters, including 0.72 meters at 367.05 g/t gold; 15.5 meters at 3.88 g/t gold from 179 meters; and 10 meters at 3.46 g/t gold from 280 meters.The BMT2 deposit intercepts include 15 meters at 1.05 g/t gold from 112 meters; six meters at 1.79 g/t gold from 48 meters; and 66.3 meters at 0.61 g/t gold from 129.7 meters. BMT1 deposit intercepts include 6.8 meters at 28.76 g/t gold from 120.2 meters; 2.4 meters at 14.38 g/t gold from 123 meters; and eight meters at 2.13 g/t gold from 135 meters.The company said it is targeting the next Boundiali mineral resource estimate update at the end of the third quarter, with a definitive feasibility study expected late this year.

ASX:AUE

Asia1d ago

Unitree Prices Shanghai IPO at 61 Billion Yuan Valuation

Unitree Robotics (SHA:688836) has priced its initial public offering on the Shanghai Stock Exchange's STAR Market board, seeking a valuation of 61 billion yuan, according to a Shanghai Stock Exchange filing on Friday.The Chinese robotics company will offer 40,446,434 shares representing 10% of its share capital at 150.80 yuan apiece to raise 6.1 billion yuan in gross proceeds.The figure tops earlier market expectations, with Bloomberg previously reporting that the company was expected to raise about 4.2 billion yuan.Online and offline subscriptions will begin Aug. 10.

SHA:688836

Asia1d ago

Mercury Says S&P Global Ratings Affirms 'BBB+' Rating

Mercury (ASX:MCY, NZE:MCY) said S&P Global Ratings has reaffirmed its corporate credit rating at "BBB+" with a stable outlook, according to a Friday filing with the New Zealand and Australian bourses.

ASX:MCYNZE:MCY

Asia1d ago

Charter Hall Retail REIT Fiscal 2026 Operating Earnings Up, Revenue Down

Charter Hall Retail REIT (ASX:CQR) logged AU$0.2639 in operating earnings per unit for the fiscal 2026, compared with AU$0.2538 a year ago, a Friday filing showed.For the 12 months ended June 30, revenue was AU$176.9 million versus AU$198 million previously, the Australia-listed real estate investment trust added.The board declared a quarterly dividend of AU$0.064 per unit, up from AU$0.0635 in the previous quarter, payable Aug. 28 to shareholders on record as of June 30.The company expects fiscal 2027 operating earnings to be no less than AU$0.273 per unit and distributions of AU$0.264 per unit.

ASX:CQR

Asia1d ago

Maritana Minerals Starts Air-Core Drilling at Western Australia Prospect

Maritana Minerals (ASX:MRT) started a 4,000-meter air-core drilling program at the Wilsons prospect, located north of the Black Swan processing hub in Western Australia, according to a Friday filing with the Australian bourse.Drilling will test the geology and potential for gold mineralization beneath a gold-in-soil anomaly defined in 2024, with results expected to be reported between September and October, the filing said.

ASX:MRT

Asia1d ago

Amaero Extends CEO Hank Holland's Term for Four Years With New Employment Agreement

Amaero (ASX:3DA) struck a new employment agreement for CEO and Chair Hank Holland to continue in his role for a four-year term through June 2030, according to a Friday filing with the Australian bourse.The new agreement includes fixed remuneration of $750,000 per year, effective July 1, and an annual cash bonus targeted at 100% of fixed remuneration with the maximum payout capped at 200%.It also includes a one-time grant of 30 million restricted stock units to acquire Chess depositary interests in the company, and a one-time grant of 30 million performance stock units.

ASX:3DA

Asia1d ago

AMP Finds Fortunes in China as JV Growth Drives H1 Results, Jefferies Says

AMP's (ASX:AMP) China Life joint venture has become "too big to ignore," as it was the primary driver of gains in the financial services company's first-half results, Jefferies said in a note on Thursday.Contributions from AMP's China partnerships more than doubled during the period to AU$56 million, with growth looking increasingly structural and sustainable, supported by operating leverage and a 41% payout ratio.Jefferies raised its 2026 and 2027 EPS forecasts by 9% and 10%, respectively, citing strength across Platforms, Super & Investments and Partnership assets.The brokerage maintained its buy rating and raised price target to AU$2.55 from AU$2.07.

ASX:AMP

Asia1d ago

Nick Scali Fiscal 2026 Earnings, Revenue Up

Nick Scali (ASX:NCK) logged AU$0.885 in earnings per share for the fiscal 2026, compared with AU$0.675 a year ago, a Friday filing showed.For the 12 months ended June 30, revenue was AU$516.7 million versus AU$495.3 million previously, the Australia-listed furniture retailer added.The board declared a final dividend of AU$0.39 per share, up from AU$0.33 a year earlier, payable Oct. 22 to shareholders on record as of Oct. 1.

ASX:NCK

Asia1d ago

REA Group's Potential Listing Decline Seen as Benign, Jefferies Says

REA Group's (ASX:REA) potential decline in listings appears manageable as the digital real estate company focuses on cost management and yields, helping offset uncertainty from Budget tax changes, Jefferies said in a note on Thursday.The company posted strong fiscal 2026 results, with core profit coming in 1% above consensus expectations and underlying net profit after tax 3% above forecasts. The final dividend of AU$1.73 per share, up 25% year on year, was also a positive surprise.Jefferies expects REA to deliver higher shareholder returns and has increased its payout ratio assumption to 62% from fiscal 2027 onwards, supported by strong free cash flow, a net cash balance, and a "significant" franking balance AU$1.1 billion.The brokerage upgraded its EPS forecast by 5%, primarily due to improved cost control and the divestment of REA India.Jefferies maintained its buy rating and raised price target to AU$195 from AU$180.

ASX:REA

Asia1d ago

Woodside Energy Group Agrees to Sell 70% Calypso Project Stake to BP

Woodside Energy Group (ASX:WDS) has agreed to divest its 70% operated interest in the Calypso Project in Trinidad and Tobago to BP, which already holds the remaining 30% stake, according to a late Thursday statement by the company.The transaction, involving upfront cash consideration and contingent payments, is expected to be completed by the end of year, subject to customary closing conditions, including required government and regulatory approvals.

ASX:WDS

Asia1d ago

NZME to Acquire Print Plant Equipment at Stuff's Facility in Petone, New Zealand

NZME (NZE:NZM, ASX:NZM) struck an agreement to acquire the print plant equipment at Stuff's facility in Petone, New Zealand, according to a Friday filing with the Australian and New Zealand bourses.The company said it will take ownership of the plant equipment and begin removing it from the site later this year, with an expected total investment of up to NZ$15 million over the next two years for relocation, installation, and commissioning.NZME expects cashflow payback within the following three years, per the filing.The equipment is about a third of the size of NZME's current plant and runs more efficiently, and once installed, is expected to yield annual operating savings of around NZ$7 million, subject to print volumes.NZME said its current lease at Ellerslie enables printing operations through 2028, and the Petone equipment will be installed at a new facility in a managed transition.The company's New Zealand-listed shares added over 1% in recent Friday trade.

ASX:NZMNZE:NZM

Asia1d ago

James Hardie Industries Fiscal Q1 Adjusted Earnings, Net Sales Up

James Hardie Industries (ASX:JHX) logged $0.36 in adjusted EPS for the fiscal first quarter, compared with $0.32 a year ago, a Friday filing showed.Analysts polled by FactSet expected earnings of $0.33.For the three months ended June 30, net sales was $1.47 billion versus $899.9 million previously, the Australia-listed global building materials company added. Analysts surveyed by FactSet expected $1.42 billion.The company expects fiscal 2027 total net sales to range between $5.56 billion and $5.72 billion, adjusted earnings before interest, taxes, depreciation, and amortization to be between $1.54 billion and $1.63 billion, and free cash flow to be at least $500 million. Analysts surveyed by FactSet expect fiscal 2027 net sales of $5.54 billion.

ASX:JHX

Asia2d ago

ResMed Fiscal Q4 Non-GAAP Earnings, Revenue Up

ResMed (ASX:RMD) logged $2.95 in non-GAAP EPS for the fiscal fourth quarter, compared with $2.55 a year ago, a Friday statement showed.Analysts polled by FactSet expected earnings of $2.89.For the three months ended June 30, revenue was $1.46 billion versus $1.35 billion previously, the Australia-listed global medical technology and digital health company added. Analysts surveyed by FactSet expected $1.46 billion.The board declared a quarterly dividend of $0.66 per share, up 10% from the previous quarterly dividend, payable Sept. 24 to shareholders on record as of Aug. 20.

ASX:RMD

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