Financial News · Live Terminal

Page 476 of 826

Racura Oncology Receives Clearance to Advance Dose Level in Phase One Cardioprotection, Anticancer Synergy Trial

Racura Oncology (ASX:RAC) received clearance from the Safety Review Committee to advance the RC220 dose in the first-phase Cardioprotection and Anticancer Synergy trial to the next designated dose level of 80 milligrams per square meter, according to a Friday filing with the Australian bourse.RC220 is the company's formulation of the anticancer agent (E,E)-bisantrene.The approval comes following confirmation that the drug showed an acceptable safety profile, with no dose-limiting toxicities or safety concerns noted during the observation period for the first three group one patients dosed at 40 milligrams per square meter, the filing said.

ASX:RAC

Asia53d ago

Taisei's Net Income Jumps 37% in Fiscal Year 2025

Taisei's (TYO:1801) net income attributable to owners of the parent jumped 37% to 170.00 billion yen for the fiscal year 2025 from 123.82 billion yen a year earlier.The construction company's net income per share increased to 1,025.53 yen from 682.78 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales slipped 3% to 2.089 trillion yen for the period ended March 31 from 2.154 trillion yen in the prior year.Taisei declared a final dividend of 185 yen per share, payable from June 24.For the fiscal year 2026, the company expects attributable profit of 151.00 billion yen, EPS of 926.01 yen, and net sales/revenue of 2.420 trillion yen.Taisei plans to pay interim and year-end dividends of 190 yen per share, each, for the year, which is higher than the amounts declared in the previous fiscal year.

TYO:1801

Asia53d ago

ASX Preview: Australian Shares Set to Rise as Oil Steadies; Alkane Resources Posts Higher Fiscal Q3 Earnings, Revenue

Australian shares are poised to rise on Friday as oil prices held steady near recent highs, with Brent crude around $106 a barrel, after reports of limited but disrupted shipping through the Strait of Hormuz kept geopolitical supply risks elevated despite mixed signals on global demand and interest rate concerns.Overnight, the S&P 500 and the Dow Jones Industrial Average each rose 0.8%, while the Nasdaq Composite gained 0.9%.In the macroeconomy, investors are eyeing the release of the Melbourne Institute consumer inflation expectations report.In corporate news, Alkane Resources (ASX:ALK) reported Friday fiscal third-quarter earnings of AU$0.0675 per share on revenue of AU$274.4 million, compared with earnings of AU$0.0132 on revenue of AU$63.2 million a year earlier.Billionaire Olivier Goudet and Luxembourg's Platin have increased their stake in Treasury Wine Estates (ASX:TWE), with voting power rising to 9.04% from 8.14%.Australia's benchmark index rose 0.1% or 10.3 points to close at 8,640.70 on Thursday.

ASX 200ASX:ALKASX:TWE

Asia53d ago

Pacific Edge Secures Medicare Local Draft Coverage Determination for Cxbladder Tests for Hematuria, Shares Hit Three-Year High

Pacific Edge (ASX:PEB, NZE:PEB) said a draft local coverage determination (LCD) establishing hematuria evaluation as a covered Medicare benefit has been published, with explicit coding guidance for its Cxbladder Triage and Triage Plus tests, according to a Friday Australia and New Zealand bourse filing.The company said the draft LCD distinguishes hematuria patients as eligible for Cxbladder Triage and Triage Plus, contrasting with an existing non-coverage LCD for patients with cancer or substantiated suspicion of cancer."The draft LCD and LCA confirm our position as the first mover and market leader in non-invasive diagnostics for microhematuria patients suspected of bladder cancer, and Pacific Edge now stands on the cusp of a major commercial inflection point with the only two tests covered for microhematuria evaluation," said Chief Executive Peter Meintjes.While an LCD, when finalized, directly enables reimbursement for over 66 million Medicare patients, the company said the draft coverage language also provides a template for US commercial payers covering 223 million patients, with the news expected to provide a tailwind to international market adoption, the filing added.The draft LCD begins a notice and comment period of at least 45 days, with Novitas, a Medicare administrative contractor, required to publish a final version or withdraw the draft within 12 months, with the LCD becoming effective 45 days after finalization, it added.The company's New Zealand shares rose 40% in recent Friday trade, their highest since May 2023.

ASX:PEBNZE:PEB

Asia53d ago

Mineral Resources Founder Sells Nearly 2 Million Shares

Mineral Resources' (ASX:MIN) founder Chris Ellison sold 1.8 million ordinary shares at AU$69.98 per share in the company through an on-market sale between Monday and Thursday, according to a Friday filing with the Australian bourse.The disposal was carried out for personal financial planning, including setting up a family office, per the filing.Ellison remains the company's largest shareholder, holding 20.8 million shares, which represents 10.54% of the issued capital, the filing added.

ASX:MIN

Asia53d ago

China to Order 200 Jets From Boeing, Trump Says

China is set to place an order for 200 jets from Boeing, US President Donald Trump told Fox News on Thursday."One thing [Chinese President Xi Jinping] agreed to today, he's going to order 200 jets. That's a big thing. Boeings," Trump said."Boeing wanted 150, he got 200... I think it was a commitment," the president added.However, Boeing's shares fell nearly 5% in NYSE trading on Thursday.Bloomberg Intelligence analyst George Ferguson said an order for 200 jets "is a disappointment for a market looking for 300 or more and details around type.""China has only ordered 39 Boeing planes this decade," Ferguson noted.

Shanghai Composite^SZSE

Asia53d ago

Market Chatter: Trump Invites Xi to White House on Sept. 24

U.S. President Donald Trump invited Chinese President Xi Jinping and his wife, Peng Liyuan, to the White House on Sept. 24, Politico reported Thursday.The invitation follows a high-stakes summit on Thursday, in which no trade agreement was made.During the summit, Xi warned that mishandling the Taiwan issue could lead US-China relations to "a very dangerous place."(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.)

Shanghai Composite^SZSE

Asia53d ago

Market Chatter: Trump, Xi to Meet Friday For Second Day of Talks

U.S. President Donald Trump and Chinese President Xi Jinping are set for a second day of talks on Friday in Beijing, Reuters reported the same day.The second meeting comes after Xi warned that mishandling the Taiwan issue could lead U.S.-China relations to "a very dangerous place."Trump and Xi are expected to have tea and lunch before the U.S. president departs for the U.S., the report said.There was no trade breakthrough during the two leaders' summit on Thursday, according to reports.(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.)

Shanghai Composite^SZSE

Asia53d ago

Vicinity Centres to Acquire New South Wales Hybrid Retail Asset for AU$400 Million

Vicinity Centres (ASX:VCX) agreed to acquire the Eastern Creek Quarter hybrid retail asset in New South Wales from Frasers Property for AU$400 million, according to a Friday filing with the Australian bourse.The transaction is expected to be settled on June 30, subject to securing the landlord's consent to the assignment of the underlying long-term ground leases, the filing said.

ASX:VCX

Asia53d ago

Billionaire Olivier Goudet, Platin Increase Stake in Treasury Wine Estates

Billionaire Olivier Goudet and Luxembourg's Platin have increased their stake in Treasury Wine Estates (ASX:TWE), with voting power rising to 9.04% from 8.14%, according to a Friday filing with the Australian bourse.Goudet and Platin, together as associates, owns 73 million shares of Treasury Wine Estates, following a series of on-market purchases.

ASX:TWE

Asia53d ago

Dateline Resources Found Broad Zones of Mineralization Beyond Mineral Resource at California Project

Dateline Resources (ASX:DTR) found broad zones of mineralization outside the mineral resource during drill testing of the northeast extension at the North Pit within the Colosseum project in California, according to a Friday filing with the Australian bourse.Results include 287 meters at 1.1 grams per tonne (g/t) grade of gold, including nearly 18 meters at 6.1 g/t grade of gold from 19 meters, 214 meters at 1.1 g/t grade of gold, including 88 meters at 1.6 g/t grade of gold from 12 meters, the filing said.Two rigs are focusing on rare earth mineralization through an expanded 18-hole program, with a third rig being recommissioned to simultaneously test for gold extensions, per the filing.

ASX:DTR

Asia53d ago

MoneyMe Launches Over AU$365 Million Personal Loan ABS Deal

MoneyMe (ASX:MME) has executed a AU$365.4 million personal loan asset-backed securities (ABS) transaction, with settlement expected on May 21, according to a Friday Australian bourse filing.The deal securitizes personal loan receivables from the company's lending products and represents its third public capital markets issuance in the fiscal year, taking total ABS issuance to AU$1.02 billion, per the filing.The notes were allocated to new and existing investors, with participation from both domestic and offshore investors, the filing said.The class A notes, representing 63% of the pool along with the commission notes, received expected "AAA" ratings from Fitch Ratings and were priced at 120 basis points over the 1-month bank bill swap rate, the filing added.

ASX:MME

Asia53d ago

Alkane Resources Posts Higher Fiscal Q3 Earnings, Revenue; Reaffirms Fiscal 2026 Outlook

Alkane Resources (ASX:ALK) reported Friday fiscal third-quarter earnings of AU$0.0675 per share, up from AU$0.0132 a year earlier.Analysts polled by FactSet expected earnings of AU$0.06.Revenue for the three months ended March 31 was AU$274.4 million, compared with AU$63.2 million a year earlier. Analysts surveyed by FactSet expected AU$275 million.The company reaffirmed its attributable fiscal 2026 consolidated gold-equivalent production of between 155,000 and 168,000 ounces, with all-in sustaining costs of between AU$2,600 and AU$2,900 per ounce.

ASX:ALK

Asia53d ago

HMC Capital's Growth Plans Face Reset on Fundraising Snags, Says Jefferies

HMC Capital (ASX:HMC) may be undergoing a strategy reset from its target of reaching AU$50 billion in assets under management (AUM), primarily due to fundraising headwinds, Jefferies said in a note on Thursday.Jefferies lowered its forward EPS estimates by 1% to negative 21% due to weaker AUM growth.Although the alternative asset manager has not formally withdrawn its target, a lack of assuring track record under the HMC brand might be hindering new fundraising amid tough industry conditions, where capital is increasingly flowing toward mega-managers, it added.Jefferies said a revised growth plan would be the way forward, notably within the company's domestic portfolio of strategies, as it also undertakes measures to deliver AU$15 million in cost savings.The investment firm maintained its buy rating on HMC Capital but cut its price target to AU$3.40 from AU$4.15.

ASX:HMC

Asia53d ago

Warehouse Group Posts Lower Fiscal Q3 Group Sales; Shares Hit All-Time Low

Warehouse Group (NZE:WHS) reported total group sales of NZ$700.8 million for the fiscal third quarter ended May 3, down from NZ$710.5 million in the year-earlier period, according to a Friday filing with the New Zealand bourse.Sales at The Warehouse segment fell to NZ$405.3 million from NZ$415.9 million. Noel Leeming's sales grew to NZ$236.6 million from NZ$234.9 million, while Warehouse Stationery reported sales of NZ$57.1 million, down from NZ$58.8 million.The company's online sales increased by 5.4% in the fiscal third quarter, rising to 6.8% of total sales from 6.4% in the year-earlier period, driven particularly by strong growth at Noel Leeming.The company expects trading conditions to remain challenging amid inflation, global instability, and an uncertain domestic economy, with rising costs particularly in international and domestic freight continuing to pressure consumers and businesses.The company's shares were down 2% in recent Friday trade, hitting a record low.

NZE:WHS

Asia53d ago

Coles Group's Federal Court Ruling on Discount Pricing Case Negative But Balanced, Says Jefferies

Australia's Federal Court ruling against Coles Group (ASX:COL) in a misleading discount pricing case is negative but balanced, as the price increases were commercially justified, Jefferies said in a note on Thursday.According to the judgment, the retailer deceived shoppers by advertising discounts on products that, in many cases, were being sold at higher prices, in a case first brought by the Australian Competition and Consumer Commission in 2024.However, the court also noted that Coles may have been "competitively disadvantaged" had it not acted as it did and this could influence the decision on penalties and may soften criticism from consumers, the firm said."With minimum price establishment period now set, the field is now level and we expect the industry to remain rational," Jefferies said.It expects major retail chains to benefit from higher inflation but sees margin expansion as limited due to continued political and media scrutiny.Jefferies maintained a buy rating and price target of AU$25.50 on Coles.

ASX:COL

Asia53d ago

Bega Cheese Says State Street Becomes Substantial Holder

Bega Cheese (ASX:BGA) received notice that State Street and its subsidiaries became substantial holders of the company on Tuesday, according to a Friday Australian bourse filing.State Street now owns 15.3 million shares in the company, representing a 5.02% total voting power, the filing said.

ASX:BGA

Asia53d ago

Eagers Automotive Says State Street Ceases to be a Substantial Shareholder

Eagers Automotive (ASX:APE) received notice that State Street and its subsidiaries are no longer substantial holders of the company from Tuesday, according to a Friday Australian bourse filing.State Street and its subsidiaries became a substantial holder of the company on Monday, with a 5.02% total voting power, an earlier filing showed.

ASX:APE

Asia53d ago

Westpac Banking Says State Street Reduces Stake

Westpac Banking (ASX:WBC, NZE:WBC) received notice that State Street and its subsidiaries decreased their holdings in the company to 7.76% from 9.42%, according to a Friday filing with the Australian bourse.State Street and its subsidiaries now own 265.6 million shares in the company, the filing said.

ASX:WBCNZE:WBC

Asia53d ago

Meridian Energy Secures Consent for 120-Megawatt North Island Solar-Battery Park

Meridian Energy (ASX:MEZ, NZE:MEL) secured approval to develop the Bunnythorpe Energy Park in Manawatu in New Zealand's North Island, featuring a 120-megawatt (MW) solar farm alongside a previously approved battery energy storage system, according to a Friday filing with the Australian and New Zealand bourses.The project will feature about 250,000 solar panels that are expected to produce around 225 gigawatt-hours of electricity each year, enough to power roughly 30,000 homes, per the filing.The development is part of the company's NZ$3 billion renewable energy investment plan through 2030 and comes after its first energy park project at Ruakaka, the filing said.The project is expected to generate more than 100 local construction jobs and contribute up to NZ$50 million in local spending, with a final investment decision expected in the fourth quarter of fiscal 2027, the filing added.

ASX:MEZNZE:MEL

Showing 9501-9520 of 16518