Financial News · Live Terminal

Page 3 of 716

Tivan Signs MOUs for Development of Northern Territory Project

Tivan (ASX:TVN) signed memoranda of understanding (MOU) with trading firm Sumitomo and venture capital firm ETFS Capital detailing terms for the planned development, financing, operation, and marketing of the Molyhil project in the Northern Territory through an incorporated joint venture, according to a Wednesday filing with the Australian bourse.The MOUs establish a framework to agree up to AU$50 million of stage-gated investment for the project, with the company to retain an effective 82.5% project interest at a final investment decision, the filing said.Binding agreements and regulatory approvals are expected to be completed by the third quarter, per the filing.

ASX:TVN

Asia2h ago

Nickel Industries to Invest $169 Million for 17.5% Stake in Indonesia HPAL Project

Nickel Industries (ASX:NIC) agreed to invest $169 million for a 17.5% interest in PT Teluk Metal Industry HPAL project, according to Wednesday Australian bourse filing.The company's 17.5% stake sits alongside a 72.5% interest held by a Korean-Japanese consortium, and a 10% interest by a Singapore-based investment company, Sumber International Investment, the filing said.The project is under construction, with commissioning expected to start in mid-2027, per the filing. Nickel Industries' Sampala project was identified as the exclusive ore supplier to the HPAL project.

ASX:NIC

Asia2h ago

Acrow AU$10 Million SPP Fully Underwritten After Strong Institutional Demand

Acrow (ASX:ACF) has confirmed its AU$10 million share purchase plan (SPP), launched on June 18, has been fully underwritten by Morgans Corporate and Shaw and Partners following strong support from institutional investors, according to a Wednesday Australian bourse filing.The company said that any shares issued to cover the SPP shortfall will require shareholder approval at an extraordinary general meeting expected to be held around July 28, per the filing.Eligible shareholders in Australia and New Zealand on June 17 will be invited to participate in the SPP, with the booklet and application details expected on or about June 29, the filing added.

ASX:ACF

Asia2h ago

National Australia Bank Customer Proceedings Dismissed by Australia's Federal Court

Australia's Federal Court dismissed proceedings against National Australia Bank (ASX:NAB) filed by a customer who alleged that the bank improperly rejected his request for financial hardship assistance in 2022, according to a Tuesday verdict.The customer, who also claimed the bank breached credit reporting obligations by incorrectly reporting his repayment history on personal loans to credit bureaus, was seeking AU$4 million in damages.However, the court found that the claim of unconscionable conduct by the bank is not supported by the evidence. It said National Australia Bank "acted reasonably and generously" toward the customer at all times.

ASX:NAB

Asia2h ago

ASX Preview: Australian Shares Set to Rise as Gold Falls on Fed Rate Hike Bets; Tasmea to Acquire Energy Services Provider for Up to AU$75 Million

Australian shares are poised to rise on Wednesday, as investors weigh a stronger US dollar and rising Federal Reserve rate-hike expectations that weighed on gold and other precious metals in overnight trade.Sentiment is also supported by softer oil prices, reflecting easing geopolitical tensions in the Middle East and signs of progress in US-Iran talks over access to the Strait of Hormuz.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 1.4%, 2.2%, and 0.1%, respectively.In the macroeconomy, Australia's consumer price index and engineering construction activity reports are due at 11:30 am Sydney time.In corporate news, Tasmea (ASX:TEA) struck a deal to acquire JPS Group, an integrated services provider to the energy sector, for up to AU$75 million.Atlas Arteria (ASX:ALX) said its independent directors are reviewing their response following the extension of IFM Investors' takeover offer after the bidder increased its voting power above 50%.Australia's benchmark index fell 0.3% or 29.1 points to close at 8,787 on Tuesday.

ASX 200ASX:ALXASX:TEA

Asia2h ago

Australian Strategic Materials Says Proposed Acquirer Energy Fuels to Acquire Vacuumschmelze

Australian Strategic Materials (ASX:ASM) said Energy Fuels, whose wholly-owned unit EFR Critical Materials proposed to acquire Australian Strategic Materials via schemes of arrangement, entered into a definitive agreement to acquire 100% of Vacuumschmelze, according to a Wednesday Australian bourse filing.Australian Strategic Materials and Energy Fuels plan to prepare and, subject to regulatory and court approval, dispatch a supplementary scheme booklet to Australian Strategic Materials' securityholders.The scheme meetings previously scheduled for Monday were postponed to a later date, which is yet to be determined.

ASX:ASM

Asia2h ago

Atomic Eagle Secures Zambia Uranium Project Environmental Approval

Atomic Eagle (ASX:AEU) secured approval for the environmental and social impact assessment from the Zambia Environmental Management Agency for the Muntanga project in Zambia, according to a Wednesday Australian bourse filing.The company also received a "no objection" approval of the resettlement action plan from the Office of the Vice President, Resettlement Division.

ASX:AEU

Asia2h ago

Coles Group Accepts Ranging of Calmer Co International's New Kava Product

Coles Group (ASX:COL) accepted the ranging of Calmer Co International's (ASX:CCO) new Fiji Kava-branded FZZR kava product as part of its latest range review, according to a Wednesday filing with the Australian bourse.Calmer Co International expects the product, which will be regulated as a complementary medicine under the Therapeutic Goods Administration framework, to be distributed through Coles stores in October, the filing said.

ASX:CCOASX:COL

Asia2h ago

Tasmea to Acquire Energy Services Provider for Up to AU$75 Million; Confirms Fiscal 2026 Outlook

Tasmea (ASX:TEA) struck a deal to acquire JPS Group, an integrated services provider to the energy sector, for up to AU$75 million, according to a Wednesday filing with the Australian bourse.The consideration includes an upfront payment of about AU$50 million at completion, consisting of about AU$24.5 million in cash and AU$25.6 million worth of Tasmea shares issued at AU$8.50 each.The aggregate price also includes a cash earn-out of up to AU$25 million from fiscal 2027 through fiscal 2030, or up to about AU$6.3 million per year, subject to certain milestones including JPS achieving a maintainable earnings before interest and taxes target of at least AU$12 million per year.The acquisition is expected to be immediately accretive to earnings per share, with about 5% forecast pro forma EPS accretion in fiscal 2026 assuming full 12-month ownership of JPS, Tasmea said.The deal, anticipated to close on or around Aug. 1, diversifies Tasmea's earnings into the liquefied natural gas and critical energy infrastructure sectors.Additionally, Tasmea affirmed its fiscal 2026 underlying net profit after tax guidance of AU$72.5 million on a standalone basis.

ASX:TEA

Asia2h ago

Baby Bunting Group Now Expects Fiscal H2 Pro Forma NPAT Up to AU$12 Million

Baby Bunting Group (ASX:BBN) now expects fiscal second-half pro forma net profit after tax of between AU$11 million and AU$12 million following softer-than-expected trading conditions through the fourth quarter, below its previously guided range of AU$12.5 million to AU$14.5 million, according to a Wednesday Australian bourse filing.The company said the revised fiscal H2 pro forma net profit after tax figure represents growth of between 50% and 64% versus the prior corresponding period, with comparable store sales growth expected to be about 3% in the fiscal H2, below the 6% to 8% in its previous guidance assumptions.Total fiscal year 2026 sales are expected to be about AU$553 million to AU$555 million, up about 6% versus the prior corresponding period, with group costs and capital expenditure remaining in line with expectations, and net debt expected to finish at about AU$20 million, it added.

ASX:BBN

Asia2h ago

Coles Group's Proposed NSW Acquisition for New Supermarket Under ACCC Review

Coles Group's (ASX:COL) proposed acquisition for the development of a Coles supermarket within an existing shopping centre in New South Wales is under phase 1 review by the Australian Competition and Consumer Commission (ACCC), the regulator said Tuesday.The proposed Coles supermarket is anticipated to open in September 2027, the regulator said.

ASX:COL

Asia3h ago

Transurban Group Declares Higher Dividend

Transurban Group (ASX:TCL) declared a dividend of AU$0.35 per share for the six months ending June 30, according to a Wednesday filing with the Australian bourse.The dividend will be paid on Aug. 18 to holders of record as of June 30, the filing said.The company paid a dividend of AU$0.33 per share in the prior corresponding period, an earlier filing showed.

ASX:TCL

Asia3h ago

Aurelia Metals Secures AU$150 Million Senior Secured Financing

Aurelia Metals (ASX:AMI) has completed financial close on a AU$150 million senior secured financing package with Citibank, Credeq, and HSBC, replacing its prior facilities and releasing around AU$46 million in restricted cash to boost available liquidity, according to a Wednesday Australian bourse filing.The facility includes a AU$110 million rehabilitation bonding facility and a AU$40 million revolving credit facility, replacing the prior AU$65 million bonding facility and a $14.6 million undrawn Trafigura loan note advance, per the filing.The new structure comprises three and five-year tranches with no amortization, cash collateral, or mandatory hedging, and is more cost-effective than prior arrangements, the filing added.

ASX:AMI

Asia3h ago

Financial Platform Flows Driven by Capability, Not Pricing, Says Jefferies

Client flows for financial services platforms are driven by managed account capability, as advisers prefer to pay for functionality rather than lower fees, Jarden said in a note on Tuesday, citing its five-year analysis of the sector.The investment firm said, "platform clients are relatively price inelastic," as some expensive platforms continue to attract flows due to strong features, broader investment options, adviser support, and integration.The firm added that HUB24 Limited (ASX: HUB) remained its top pick due to its competitive positioning and capability-based client growth. It preferred AMP (ASX: AMP) over Netwealth Group (ASX: NWL), as the latter continues to lag on flows amid rising costs.Jarden has a buy rating and price target of AU$110.40 for HUB24, an overweight rating and price target of AU$1.75 for AMP, and a neutral rating and price target of AU$25.70 for Netwealth.

ASX:AMPASX:HUBASX:NWL

Asia3h ago

LTR Pharma Gets Ethics Committee Approval for Trial of Intranasal Spray in Patients With Oesophageal Motility Disorders

LTR Pharma (ASX:LTP) received ethics committee approval for a clinical study to evaluate its Oroflow intranasal spray in patients with oesophageal motility disorders, which impede the food swallowing function, according to a Wednesday filing with the Australian bourse.The company expects to initiate the study in the coming quarter to assess Oroflow's effect in healthy volunteers before progressing to patients with the disorders."As a non-invasive intranasal spray, Oroflow may be particularly suited to patients with swallowing difficulties, removing the need to take an oral tablet while offering a rapid route of administration," the company said.

ASX:LTP

Asia3h ago

Atlas Arteria Says Independent Directors Reviewing Response as IFM Takeover Offer Extended

Atlas Arteria (ASX:ALX) said its independent directors are reviewing their response following the extension of IFM Investors' takeover offer after the bidder increased its voting power above 50%, according to a Wednesday filing with the Australian bourse.The company said a supplementary target's statement is expected before market open on June 29, the filing added.

ASX:ALX

Asia3h ago

AFT Pharmaceuticals Gets US FDA Nod for Phase 3 Trial of Injectable Iron Therapy

AFT Pharmaceuticals (NZE:AFT, ASX:AFP) said the US Food and Drug Administration allowed the company to proceed with a phase 3 clinical trial of its injectable iron deficiency therapy, according to a Wednesday filing with the Australian and New Zealand bourses.AFT and development partner Hyloris Pharmaceuticals plan to launch a global confirmatory study involving 1,366 patients across multiple geographies including New Zealand, China, India, Japan, Armenia, Europe, and the US.The therapy targets an addressable market estimated at $7.41 billion, per the filing.The company's New Zealand shares gained 2% in recent Wednesday trade.

ASX:AFPNZE:AFT

Asia3h ago

Reliance Worldwide Melbourne Brass Ops Closure Lifts Earnings, But Growth Remains Limited, Says Jefferies

Reliance Worldwide's (ASX:RWC) plan to close its Melbourne brass operations, and an expected earnings uplift of $9 million have boosted core earnings estimates, Jefferies said in a note on Tuesday, adding that underlying earnings growth remains limited.The investment firm has raised its fiscal 2027 and fiscal 2028 EBIT estimates by 5% and 4%, respectively, as improved margins in the US offset the decline in APAC intercompany sales.The firm made no changes to its underlying operating forecasts, as it projects macroeconomic conditions to remain challenging across all three major operating regions."Stock continues to screen cheap with management controlling controllables at a low point in the cycle," analysts at the firm commented.Jefferies maintained a buy rating and increased price target to AU$4.20 from AU$3.80.

ASX:RWC

Asia4h ago

SkyCity Entertainment Group Says AustralianSuper Reduces Stake

SkyCity Entertainment Group (ASX:SKC, NZE:SKC) received notice that AustralianSuper decreased their holdings in the company to 8.32% from 10.29%, according to a Wednesday filing with the New Zealand bourse.AustralianSuper now owns 91.7 million shares in the company, the filing said.

ASX:SKCNZE:SKC

Asia4h ago

KMD Brands Approves 1-for-25 Share Consolidation

KMD Brands (ASX:KMD, NZE:KMD) said it will consolidate its ordinary shares on a 1-for-25 basis, reducing the total number of shares on issue, according to a Wednesday filing with the Australian and New Zealand bourses.The company will consolidate every 25 existing shares held on July 1 into one share, reducing the total shares outstanding to around 72 million from about 1.8 billion, the filing added.

ASX:KMDNZE:KMD

Showing 41-60 of 14301