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Update: Woolworths Group Reports Higher Fiscal Q3 Sales; Freezes Shelf Prices on Hundreds of Household Staples; Shares Fall 6%

(Updates to add stock movement in the headline and last paragraph)Woolworths Group (ASX:WOW) reported fiscal third-quarter sales of about AU$18.1 billion, up 4.5% from AU$17.31 billion in the year-ago period, according to a Thursday filing with the Australian bourse.Australian food sales increased 5.9% year over year to AU$13.83 billion, while New Zealand food sales measured in the local currency ticked 1.4% higher, per the filing.While the impact of the Middle East conflict on the company's business has so far been limited, "higher fuel costs and secondary effects are likely to have an increasing inflationary impact as we move through the calendar year," CEO Amanda Bardwell said.Reported fiscal 2026 Australian food earnings before interest and taxes growth is still expected to be in the mid to high single-digit range but no longer at the upper end of the range, Woolworths said.The guidance reflects incremental costs associated with direct fuel exposures as well as initiatives to support customers during a period of budgetary constraint, including a freeze on shelf prices for 300 household staples, the company disclosed in a separate Thursday statement.The price freeze includes Woolworths-branded or exclusive products, including eggs, bread, chicken, sausages, pasta, and diapers starting from May 1 for the next three months.The company's shares fell around 6% in recent Thursday trade.

ASX:WOW

Asia55d ago

Kingsgate Consolidated Posts Higher Gold Production, Sales in March Quarter; Shares Fall 6%

Kingsgate Consolidated (ASX:KCN) produced 21,036 ounces of gold and sold 21,954 ounces of gold during the March quarter, according to a Thursday filing with the Australian bourse.The gold was produced at an all-in sustaining cost of $2,201 per ounce and sold at an average price of $4,814 per ounce of gold during the quarter, the filing said.For the quarter ended March 31, 2025, the company produced 20,628 ounces of gold at an AISC of $1,839 per ounce and sold 20,000 ounces of gold at an average price of $2,875 per ounce, an earlier filing showed.The company said it remains on track to meet its fiscal 2026 guidance of 93,000 to 103,000 ounces of gold equivalent and all-in sustaining cost of $1,550 to $1,750 per ounce.The company's shares fell around 6% in recent Thursday trade.

ASX:KCN

Asia55d ago

Australian Prudential Regulation Authority Warns Financial Sector Over AI-Related Risks

The Australian Prudential Regulation Authority (APRA) on Thursday called on the financial sector to enhance its management of AI-related risks, warning that information security practices are struggling to keep up with the speed of the technology's adoption.In a letter to the industry, the regulator outlined the findings of a review it launched last year, noting that the growing use of advanced AI is creating multiple new financial and operational vulnerabilities for banks, insurers, and superannuation trustees."Frontier AI models such as Anthropic's Claude Mythos, which could enhance the discovery of vulnerabilities by bad actors, are expected to further increase the probability, speed, and scale of cyber attacks," APRA said.The regulator found that financial corporates have a high interest in the potential benefits of AI usage, but in many cases lack the technical knowledge to effectively manage the associated risks.The APRA is not proposing to introduce additional requirements at this stage but expects to see a "significant improvement" in how the financial sector approaches AI-related risk management and governance.

ASX:ANZASX:CBAASX:IAGASX:NABASX:QBEASX:WBC

Asia55d ago

Gentrack Group to Acquire Dubai Technology Partners in $10 Million Deal

Gentrack Group (ASX:GTK, NZE:GTK) signed an agreement to acquire Dubai-based airport technology and services provider Dubai Technology Partners for an enterprise value of $10 million, according to a Thursday filing with the Australian and New Zealand bourses.Dubai Technology Partners will be incorporated into the company's Veovo airports division, boosting its artificial intelligence-powered portfolio while also broadening its global footprint and strengthening its presence in the Middle East, per the filing.The deal, which will be funded through the company's existing cash reserves, is expected to add about NZ$3.5 million in fiscal 2026 revenue over four months post-completion, the filing said. It will also be marginally accretive to earnings before interest, taxes, depreciation, and amortization before integration costs, the filing added.The transaction is expected to be completed within a month, subject to standard conditions.The company's Australian shares were up 2% in recent Thursday trade, while its Kiwi shares added about 1%.

ASX:GTKNZE:GTK

Asia55d ago

Avita Medical Says Wound Care System Preparation Method Receives Regulatory Approval in Australia, New Zealand

Avita Medical (ASX:AVH) said its RECELL GO wound care system preparation method received regulatory clearance in Australia and New Zealand, allowing for commercialization in both markets for burn and acute wound treatment, according to a Thursday Australian bourse filing.It secured certification from Australia's Therapeutic Goods Administration and was listed on New Zealand's Web Assisted Notification of Devices database by Medsafe.RECELL GO combines a reusable, electricity-powered RECELL processing device with a single-use RECELL preparation kit, with one such kit capable of treating wounds up to 1,920 square centimeters, per the filing.Its exclusive distribution partner in Australia and New Zealand, Revolution Surgical, expects to begin the commercial launch within the coming weeks.Its shares rose over 2% in recent trading on Thursday.

ASX:AVH

Asia55d ago

Dateline Resources Reports AU$96 Million Cash at Hand, Advances US Project BFS

Dateline Resources (ASX:DTR) completed a AU$50 million placement after the end of the March quarter, taking cash at hand, before costs, to AU$96 million to advance pre-construction activities at the Colosseum project in the US, according to a Thursday Australian bourse filing.The company said that the June quarter will see the release of the Colosseum gold bankable feasibility study and the rapid transition to project financing and planned construction, while exploration drilling will continue on the rare earths and gold targets at Colosseum with multiple rigs operating around the clock.At Music Valley, the geophysical interpretation will be used to guide the next phase of ground exploration, the filing added.

ASX:DTR

Research55d ago

Research Alert: CFRA Keeps Hold Rating On Shares Of Automatic Data Processing, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target price by $50 to $235, valuing shares at 20.1x our next-12-month EPS estimate, a discount to ADP's five-year average forward P/E of 28.5x. We increase our FY 26 EPS estimate by $0.06 to $11.05 and keep FY 27's at $11.94 on respective revenue forecasts of $21.87B (+6%) and $23.03B (+5%). Management's raised guidance across multiple metrics reflects growing confidence in the business model's resilience and the client funds strategy's trajectory. The company increased full-year FY 26 revenue growth expectations to 6%-7% (from approximately 6%) and adjusted diluted EPS growth to 10%-11% (from 9%-10%). Additionally, management raised adjusted EBIT margin expansion guidance to 70 bps-80 bps (from 50 bps-70 bps) and improved U.S. pays per control expectations to approximately 1% (from flat), suggesting continued cautious optimism about employment trends while maintaining focus on the client funds investment strategy as the primary value driver.

$ADP

Asia55d ago

ASX Preview: Australian Shares Set to Fall as Oil Surges on Supply Fears; Capstone Copper Posts Higher Q1 Adjusted Earnings, Revenue

Australian shares are poised to fall on Thursday as oil prices surged more than 6% overnight on renewed Middle East supply concerns and a larger-than-expected draw in US crude inventories.Investors also weighed the United Arab Emirates' decision to exit the Organization of the Petroleum Exporting Countries, adding longer-term uncertainty to global supply dynamics and inflation pressures.Overnight, the Dow Jones Industrial Average fell 0.6%, while the S&P 500 and the Nasdaq Composite closed flat.In the macroeconomy, Small businesses in Australia had a firm start to the year, with the March quarter recording a 7.2% jump in sales. However, higher fuel prices amid the conflict in the Middle East pose a key risk, Xero said Thursday.Australia's international trade price indexes report is due at 11:30 am Sydney time.In corporate news, Capstone Copper (ASX:CSC) reported Thursday first-quarter adjusted earnings of $0.12 per share on revenue of $652.5 million, compared with adjusted earnings of $0.01 on revenue of $533.3 million a year earlier.Mineral Resources' (ASX:MIN) fiscal third-quarter production volume reached 80 million wet metric tonnes (wmt), up from 62 million wmt a year earlier.Woolworths Group (ASX:WOW) reported fiscal third-quarter sales of about AU$18.1 billion, up 4.5% from AU$17.31 billion in the year-ago period.Australia's benchmark index fell 0.3% or 23.7 points to close at 8,687 on Wednesday.

ASX 200ASX:CSCASX:MINASX:WOW

Asia55d ago

Electro Optic Systems Reports Contract Backlog Growth as of March 31

Electro Optic Systems Holdings (ASX:EOS) reported a contract backlog of AU$518 million as of March 31, up 13% from the end of 2025, according to a Thursday filing with the Australian bourse.The company closed the March quarter with unrestricted cash holdings of AU$95.1 million, representing a decrease of AU$11.8 million from the end of 2025, per the filing.

ASX:EOS

Asia55d ago

Regis Healthcare Expects Fiscal 2026 Underlying EBITDA at Top End of Guidance

Regis Healthcare (ASX:REG) said it expects fiscal 2026 underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) of about AU$135 million, at the top end of guidance, according to a Thursday Australian bourse filing.Occupancy across mature homes averaged about 96% in the fiscal third quarter, per the filing.The company said it generated net refundable accommodation deposit (RAD) cash inflows of AU$44.5 million in the third quarter, taking the total net RAD cash inflows for the year to date to AU$223 million.As resident turnover occurs, the progressive repricing of existing paid-up RADs to current advertised room prices is expected to generate net operating cash inflows of about AU$400 million over time while also increasing RAD retention earnings, the company added.

ASX:REG

Research55d ago

Research Alert: CFRA Keeps Hold Opinion On Shares Of Mondelez International

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target price of $63, raised $1, reflects a 19x multiple of projected 2027 EPS, in line with MDLZ's historical forward P/E average. We raise our 2026 EPS estimate by $0.06 to $3.08, but cut 2027's by $0.11 to $3.32. We continue to see headwinds related to chocolate and biscuits divisions, though favorable forex has been helping to a degree. MDLZ highlighted plans to stimulate growth with more promotional activity, which could boost revenues (we see an acceleration in revenues in 2027), but may come with the trade-off of narrower margins. We note that cost-saving efforts can also contribute to staving off some of the margin pressure. MDLZ is largely hedged on its cocoa input costs for 2026 but less so in 2027. Thus, if the substantial rise in cocoa pricing in 2025 does not reemerge, it should help the bottom line in 2027 as cost pressures should ease. Share buybacks have also contributed to EPS, and we note that Q1 2026 share count was down 1.5% from one year earlier.

$MDLZ

Asia55d ago

Boss Energy Posts Lower Fiscal Q3 Drummed Uranium from South Australia Project

Boss Energy's (ASX:BOE) fiscal third-quarter production at the Honeymoon project in South Australia reached 203,000 pounds of truranium octoxide drummed, with a C1 cost of AU$60 per pound and all-in sustaining costs (AISC) of AU$58 per pound, according to a Thursday Australian bourse filing.Honeymoon produced 295,819 pounds of uranium oxide drummed and 246,869 pounds of ion exchange (IX) production in the third quarter of fiscal year 2025, at an average realized price of AU$133 per pound, an earlier filing showed.C1 cost from drummed uranium was of AU$33 per pound in the third quarter of fiscal 2025, the earlier filing showed.The company said fiscal year 2026 C1 cost guidance of AU$36 to AU$40 per pound, and AISC guidance of AU$60 to AU$64 per pound have been reconfirmed toward the upper end of the guidance range, with Alta Mesa drummed production of 97,000 pounds on a 100% basis.The average realized sale price was AU$106 per pound, with Boss remaining strategically under-contracted and holding inventory of 1.53 million pounds of uranium oxide drummed, while cash and liquid assets stood at AU$211 million, including cash on hand of AU$38 million, the filing added.Work is ongoing for a new Honeymoon JORC resource to support a new feasibility study, including drilling, reinterpretation, and remodeling of historic grade and permeability data, the filing added.

ASX:BOE

Asia55d ago

Champion Iron Reports Higher Fiscal Q4 Iron Ore Concentrate Production

Champion Iron (ASX:CIA) reported fiscal fourth-quarter production of 3.4 million wet metric tonnes of iron ore concentrate, up 8% from about 3.2 million wet metric tonnes a year earlier, according to a Thursday filing with the Australian bourse.The company reported quarterly sales of about 3.5 million dry metric tonnes, almost unchanged from the year-ago period.Champion Iron said commissioning for its Direct Reduction Pellet Feed project in Canada progressed as planned, with initial production tests completed in March and the production of commercially sellable product expected by the end of June.

ASX:CIA

Equities55d ago

BP Signs Offshore Gas Exploration Pact With Venezuela

BP (BP) has signed an agreement with Venezuela to explore offshore natural gas, as the country's energy sector gathers momentum following the US capture of Nicolas Maduro in January, Bloomberg reported on Wednesday.The memorandum of understanding between BP and Caracas outlines "potential areas for co-operation in material gas and future exploration," the company said.The agreement comes amid renewed interest from international energy companies in Venezuela, with an energy conference in Caracas drawing strong participation from global investors.For BP, the move aligns with Chief Executive Meg O'Neill's strategy to rebuild long-term reserves as the company pivots back toward oil and gas after scaling back several low-carbon efforts in recent years.

$BP

Equities55d ago

African Oil Producers Push To Keep Drilling At Fossil Fuel Phaseout Talks

Oil-rich African nations said they will continue drilling to support economic growth, despite global efforts to phase out fossil fuels, AFP reported from ongoing talks in Colombia.Officials from several producers argued that a rapid transition away from oil and gas is not feasible given their reliance on fossil fuel revenues."Not phasing out - phase down. That is the message," said Onuoha Magnus Chidi, an adviser to Nigeria's regional development minister, to AFP.Delegates warned that an abrupt shift could lead to job losses and economic disruption, calling for financial support and policy flexibility to help manage the transition, AFP said.

Asia55d ago

Stockland Maintains Fiscal 2026 Funds From Operations Guidance

Stockland (ASX:SGP) maintained its fiscal 2026 funds from operations (FFO) guidance at AU$0.36 to AU$0.37 per security, according to a Thursday filing with the Australian bourse.The company also continues to target fiscal 2026 distribution of AU$0.252 per security, in line with fiscal 2025 and within its payout ratio range of 60% to 80% of FFO.Additionally, Stockland maintained it residential volume targets for the fiscal year, including masterplanned communities settlements of 7,500 to 8,500 lots and land lease communities settlements of 700 to 800 homes, per the filing.

ASX:SGP

Research55d ago

Research Alert: Regency Centers Corp Q1: Re-leasing Spreads At 12% As Occupancy Improves

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:REG reported Q1 revenue of $413M (+8.3% Y/Y, +2.0% Q/Q) with lease and property revenue of $403M beating consensus estimates by $3M. Same property NOI reached $286M, up 4.4% Y/Y excluding termination fees, with base rent growth contributing 3.6% to overall NOI performance during the quarter. The company closed 1.5M square feet of comparable new/renewal leases during Q1 at 12.1% cash increases (+24.3% straight-line basis), though this represented a decline from 1.7M square feet completed in Q4. Management maintained full-year 2026 guidance for same property NOI growth of 3.25%-3.75% despite the strong Q1 performance. Rental spreads remained mostly flat Q/Q, suggesting REG may be approaching peak occupancy levels in its portfolio. The strong leasing spreads and consistent NOI growth reflect the continued strength in grocery-anchored retail properties, though the sequential decline in leasing volume may indicate some moderation in market activity levels going forward.

$REG

Asia55d ago

Liontown Posts Higher Fiscal Q3 Spodumene Concentrate Production at Western Australia Operation

Liontown (ASX:LTR) produced 96,367 dry metric tonnes (dmt) of spodumene concentrate and sold 83,912 dmt spodumene concentrate at its Kathleen Valley lithium operation in Western Australia during the fiscal third quarter ended March, according to a Thursday Australian bourse filing.The company produced 95,709 dmt of spodumene concentrate and sold 93,940 dmt of spodumene concentrate at Kathleen for the quarter ended March 31, 2025, an earlier filing showed.It generated revenue of AU$197 million during the quarter, up from revenue of AU$104 million during the quarter ended March 31, 2025.The company reported AU$424 million in cash at quarter end along with 26,270 dmt of saleable inventory on hand.

ASX:LTR

Research55d ago

Research Alert: Regency Centers Corp Q1: Re-leasing Spreads At 12% As Occupancy Improves

$REG

Asia55d ago

Mineral Resources Secures $1.3 Billion in Senior Notes Offering

Mineral Resources (ASX:MIN) completed the issue of $650 million in 6% senior unsecured notes due 2032 and a further $650 million in 6.25% notes due 2034, using the proceeds to refinance existing debt and strengthen its overall financial position, according to a Thursday filing with the Australian bourse.The proceeds and cash on hand will refinance $625 million of 2027 notes, repay $300 million of iron ore prepayments, partially redeem $350 million of 2028 notes, and fund the remaining $750 million of 2028 notes expected to be repaid after completing a lithium partnership with POSCO Holdings, per the filing.The company will have no material debt maturities until 2030 once these steps are completed and expects to reduce annual finance costs by around $150 million, improving financial flexibility for future capital allocation, the filing added.

ASX:MIN

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