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Treasury Wine Estates Faces Limited Impact from RNDC Wind Down, Jefferies Says

Treasury Wine Estates' (ASX:TWE) exposure to RNDC's "not surprising" wind down is expected to be modest after its distribution services were reduced since last year, Jefferies said in a note on Tuesday.The investment firm said the limited impact could result in any claim against Treasury Wine Estates being less than $1.6 million, as RNDC currently distributes the winemaker's products in only five states compared with more than 20 States last year following its exit from California.In contrast to RNDC, Breakthru is performing better, while Reyes has strong interest in growing its wine distribution business.The brokerage sees value in Treasury Wine Estates but remains cautious due to risks in the US and China markets, including high inventory levels.Jefferies maintained a hold rating and price target of AU$5.00 on Treasury Wine Estates.

ASX:TWE

Asia10d ago

Market Chatter: Bisalloy Steel Group Gets $2 Million Order From General Dynamics Electric Boat

Bisalloy Steel Group (ASX:BIS) secured a $2 million purchase order from US defense contractor General Dynamics Electric Boat to supply steel for the construction of Virginia-class submarines, The Australian reported Wednesday, citing Australian Defense Industry Minister Pat Conroy.In remarks delivered at the Australian embassy in Washington, Conroy said Australia-made steel will be used for US Virginia-class submarines for the first time, according to the report.Bisalloy Steel and General Dynamics did not immediately respond to requests for comment from.(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:BIS

Asia10d ago

Rio Tinto Group Posts Higher H1 Underlying Earnings, Revenue

Rio Tinto Group (ASX:RIO) reported Wednesday that its underlying earnings per basic share in the first half rose to $4.214, from $2.96 a year earlier.Analysts polled by FactSet were expecting an earnings of $4.32.Consolidated sales revenue for the six months ended June 30 was $31.03 billion, up from $26.87 billion in the same period last year. Analysts surveyed by FactSet expected $31.17 billion.The company maintained its 2026 guidance, forecasting consolidated copper production of 800,000 to 870,000 tonnes and total iron ore sales of 343 million to 366 million tonnes.The board declared an interim dividend of $2.11 per share, up from the $1.48 in the prior corresponding period, payable on Sept. 24 to shareholders on record as of Aug. 14.

ASX:RIO

Asia10d ago

IGO's Greenbushes Performs in Line Despite Plant Disruption, Jefferies Says

IGO's (ASX:IGO) lithium asset Greenbushes reported fourth-quarter results broadly in line with expectations, though production came in 2% below estimates after a fire at the CGP3 plant in June interrupted a strong production ramp-up, Jefferies said in a note on Tuesday.The company's flagship mine Greenbushes, however, remains strong on the back of controlled costs, improved pricing and the operation staying within annual guidance, the investment firm said.Kwinana facility had a weak quarter, with production falling sharply to 897 tonnes due to planned shutdown, coming in 53% below Jefferies estimate.An additional shutdown scheduled in the first quarter is expected to further hurt production. Although, fiscal 2027 production at the site is expected to gradually improve and reach 9,000-11,000 tonnes of lithium hydroxide, compared with Jefferies' forecast of 12,150 tonnes.Jefferies maintained its hold rating and price target of AU$7.50.

ASX:IGO

Asia10d ago

Serko Reports Modest Rise in Fiscal Q1 Online Bookings

Serko (ASX:SKO, NZE:SKO) reported that fiscal first-quarter online bookings increased 1% year over year to NZ$2.3 million, while completed room nights (CRNs) rose 39% to NZ$1.4 million, according to a Wednesday Australian and New Zealand bourse filing.Average revenue per completed room night fell 11% to 8.70 euros, primarily driven by lower room rates and the impact of commission tiering.The company said the Middle East conflict has had minimal impact on its business, with only a slight decline in regional CRNs, which accounted for less than 3% of group CRNs before the conflict, while volumes outside the region remain resilient.Active customers rose 35% to 325,000 in the fiscal first quarter from 241,000 a year earlier.The company reaffirmed its fiscal 2027 guidance, forecasting total income of NZ$128 million to NZ$134 million while maintaining its expected total spend between NZ$132 million and NZ$140 million.

ASX:SKONZE:SKO

Asia10d ago

Cettire Approves New Long-Term Incentive Grants for CEO, CFO

Cettire's (ASX:CTT) board authorized new long-term incentive programs for Group CEO Dean Mintz and CFO Tim Hume following an annual remuneration review, according to a Tuesday filing with the Australian bourse.The new grants, which reflect current market conditions and aim to retain "leadership through a period of sector headwinds," remain largely performance-based, with vesting based on performance and continued service over a multi-year period, per the filing.Performance rights for Mintz feature a five-year vesting duration, while Hume's arrangement includes progressive vesting terms extending through August 2029.

ASX:CTT

Oil & Energy10d ago

US Oil Update: Futures Settle Lower as Optimism Builds Over US-Iran Talks

Crude futures settled lower in after-hours trading on Tuesday as growing optimism over renewed peace talks between the US and Iran eased fears of prolonged supply disruptions in the Middle East.Front-month West Texas Intermediate crude futures dropped 2.6% to $80.50 per barrel, while Brent futures retreated 3.9% to $84.93/bbl.Soojin Kim, research analyst at MUFG, said that crude fell as signs of potential US-Iran negotiations eased fears of prolonged supply disruptions.On Tuesday, Iran's Foreign Minister Seyyed Abbas Araghchi hosted separate calls with his Saudi and Omani counterparts to review bilateral and regional issues and stress stronger cooperation and joint diplomacy to restore stability and address US actions in the Strait of Hormuz.Foreign Ministry spokesman Esmail Baghaei said that talks with Oman over safe shipping via the Hormuz have made good progress, but no change has been made in the status of transit through the strategic waterway.Earlier on Monday, Baghaei said on Monday that while "it's possible that mediators share messages from the US side about current developments," no formal negotiations are currently taking place.Meanwhile, President Trump, who reportedly called off US military strikes against Iranian targets after a two-week campaign, said that there were "good talks" underway with Iran but threatened to restart strikes unless negotiations deliver."There's a good chance that something could happen - and if it does, good. If it doesn't, we go back to what we were doing two days ago," Trump told reporters aboard Air Force One on Monday.Gelber & Associates strategists said that after recovering more than $10 from June's lows, crude now appears to be testing support rather than reversing trend, with the next move likely hinging on whether physical fundamentals strengthen enough to justify another push higher.On the supply front, OPEC+ is projected to pause further increases to its oil production quotas after approving a final scheduled hike in September, as the producer group continues to assess the impact of the Iran conflict on global supply, according to multiple media reports.The cartel is set to approve an increase of 188,000 barrels per day for September when it meets virtually on Aug. 2.Commercial shipping traffic through the Hormuz remained constrained as operators continued to avoid the strategic waterway, while renewed Houthi strikes on a Saudi-flagged tanker highlighted growing risks along alternative export routes, the latest maritime data showed on Tuesday.Soojin Kim, research analyst at MUFG, said that while improving diplomatic prospects have reduced the geopolitical risk premium, crude markets remain sensitive to developments in Hormuz, with shipping disruptions and regional security risks continuing to support elevated price volatility.Traffic through the strategic waterway, through which 20% of the world's oil and liquefied natural gas supplies flowed before the conflict, remains restricted, with the US Central Command saying it has redirected 18 comercial vessels, disabled 2, and boarded 2 to ensure full compliance.

Asia10d ago

ikeGPS Group Posts Flat Fiscal Q1 Revenue

ikeGPS Group (ASX:IKE, NZE:IKE) reported fiscal first-quarter revenue of around NZ$6.4 million, unchanged from a year earlier, reflecting interim softness in one-off and lower-margin services revenue, according to a Wednesday Australian and New Zealand bourse filing.The company reported an exit run rate of platform subscription revenue of about NZ$22 million annualized, up 31% from a year ago.It reported quarterly platform subscription revenue of around NZ$5.3 million, up 27% on the prior corresponding period, with gross margin improving to 82% from 75%.The company had 476 subscription customers in fiscal first quarter, up from 441 in the prior corresponding period.The company maintained its fiscal 2027 guidance, projecting about 35% annual recurring revenue growth.

ASX:IKENZE:IKE

Insider Trading10d ago

Boyd Gaming Insider Sold Shares Worth $1,146,864, According to a Recent SEC Filing

Josh Hirsberg, CFO & Treasurer, on July 28, 2026, sold 12,777 shares in Boyd Gaming (BYD) for $1,146,864. Following the Form 4 filing with the SEC, Hirsberg has control over a total of 443,469 common shares of the company, with 422,969 shares held directly and 20,500 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/906553/000090655326000064/xslF345X05/form4.xml

$BYD

Commodities10d ago

FirstEnergy Q2 Electric Deliveries Edge Up as Industrial Demand Offsets Residential Weakness

FirstEnergy (FE) reported Q2 earnings Tuesday, showing electric distribution deliveries of 34.7 million megawatt-hours, up from 34.5 million MWh a year earlier, as industrial demand offset weaker residential and commercial usage.Residential deliveries declined to 11.7 million MWh for the quarter ended June 30, down from 12 million MWh a year earlier.Commercial deliveries fell to 9.5 million MWh, down from 9.6 million MWh in the year-ago quarter.Industrial deliveries increased to 13.5 million MWh for the quarter, compared with 13 million MWh for Q2 2025.Weather-adjusted total electric distribution rose to 34.8 million MWh, up from 34.3 million MWh for the same quarter last year.Weather-adjusted residential deliveries totaled 11.8 million MWh, while weather-adjusted commercial deliveries edged down to 9.5 million MWh from 9.6 million MWh in the same quarter last year.Weather-adjusted industrial deliveries increased to 13.5 million MWh from 13 million MWh a year earlier.FirstEnergy continues to advance its Energize365 investment program, allocating $36 billion across 2026 through 2030 to strengthen grid reliability, modernize infrastructure, expand transmission capacity and support rising electricity demand.

$FE

Equities10d ago

TechnipFMC Keeps Quarterly Dividend at $0.05 a Share, Payable Sept. 2 to Holders of Record Aug. 18

$FTI

Commodities10d ago

Correction: US Crude Oil Inventories Drop, API Says

(Corrects headline and 1st paragraph to show that crude stocks fell.)Data from the American Petroleum Institute revealed Tuesday that US crude oil inventories decreased by 3.3 million barrels in the week ended July 24, following a 2.6-mmbbl increase the previous week, and compared with analysts' estimate of a 2.5-mmbbl decline, according to a Bloomberg-compiled survey.The oil market now awaits the US Energy Information Administration's petroleum inventory report, scheduled for release on Wednesday.

Insider Trading10d ago

Snap-on Insider Sold Shares Worth $3,820,768, According to a Recent SEC Filing

Timothy L Chambers, Senior Vice President and President, Tools, on July 28, 2026, sold 9,111 shares in Snap-on (SNA) for $3,820,768. Following the Form 4 filing with the SEC, Chambers has control over a total of 21,223 common shares of the company, with 21,223 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/91440/000009144026000146/xslF345X05/form4.xml

$SNA

International10d ago

Quantity Sold at GDT Pulse Auction Exceeds 3,000 Metric Tonnes

A total of 3,169 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) Pulse auction held Tuesday, with supply ranging from 2,750 MT to 3,200 MT, according to data from the trading platform.The average selling price for anhydrous milk fat was $6,534 per MT, butter averaged $5,265 per MT, and skim milk powder and whole milk powder averaged $3,150 per MT and $3,446 per MT, respectively.

^NZ50

Asia10d ago

Airtasker CFO Resigns

Airtasker (ASX:ART) said Chief Financial Officer Mahendra Tharmarajah resigned, effective Sept. 30, according to an Australian bourse filing on Tuesday after market hours.The company appointed Reena Minhas as its incoming CFO, effective Aug. 3, the filing added.

ASX:ART

Wire10d ago

Orion Q2 Adjusted Earnings Fall, Revenue Rises; Cuts 2026 EPS Guidance

Orion Group (ORN) reported Q2 adjusted earnings late Tuesday of $0.02 per share, down from $0.07 a year earlier.Analysts polled by FactSet expected $0.06.Revenue for the quarter ended June 30 rose to $221.9 million from $205.3 million a year earlier.Analysts expected $225.7 million.The company now expects 2026 adjusted EPS of $0.23 to $0.30, compared with $0.36 to $0.42 earlier. The company continues to see full-year revenue of $900 million to $950 million.Analysts expect $0.39 and $938.9 million, respectively.Shares of Orion were down 8% in after-hours activity.

$ORN

Commodities10d ago

US Natural Gas Update: Prices Continue Slide on Inadequate Demand

US natural gas futures extended earlier losses in after-hours trading on Tuesday, falling by more than 10 cents as a multi-day selloff continued amid ample supplies and subdued demand.The front-month Henry Hub contract fell 4.59% to $2.640 per million British thermal units, while the continuous contract declined 3.91% to $2.679/MMBtu.The market retreated for a fourth consecutive session on Tuesday, with nearest-month futures falling to a three-month low, according to Barchart. The Energy Buyers' Guide said the August contract has lost $0.20 over the past week and $0.62 over the past month. Weakness also spread to the winter strip, which fell $0.06 to $3.51/MMBtu and is once again testing multi-year lows.Prices remained under pressure after weather forecasts shifted toward cooler conditions across the Midwest and East Coast through Aug. 5, reducing expected demand for air conditioning and natural gas-fired power generation, Barchart said.Aegis Hedging said data from Criterion showed total US power demand slipped on Tuesday as national temperatures fell below the 10-year average. Market participants expect cooling degree days to bottom out at around 13 on Wednesday before stabilizing near 15 through the first half of August, Aegis said.According to Gelber & Associates, the latest weather model run added 7.4 Bcf of cumulative demand over the next two weeks, with most of the additional demand concentrated in the 11- to 15-day period. Total demand is projected to reach 117-120 Bcf/d next week, the firm said.While early August power burn is expected to improve, Gelber said liquefied natural gas feedgas demand is also forecast to increase into the 19.7-20.3 Bcf/d range, potentially creating a much tighter demand balance than current pipeline flows suggest.However, production is forecast to move above 111 Bcf/d and approach 112 Bcf/d by early August, meaning the market will likely require confirmation from actual power-sector and LNG export demand before assigning significant value to the warmer weather outlook, Gelber said.

Mining & Metals10d ago

Centerra Gold Reports Higher Q2 Profit, Raises Oksut Gold Production Guidance

Centerra Gold (CG.TO, NYSE: CGAU) after the close on Tuesday announced second-quarter net earnings of $0.40 per share, or $79.3 million, compared to $0.26, or $52.7 million, in the prior year period.Analysts on FactSet expected $0.39 per share.Revenue during the period ended on June 30 stood at $442.7 million compared to $288.3 million in the same period last year. FactSet expected a revenue of $394.3 millionIn the second quarter, the company said consolidated gold production was 70,727 ounces, including 38,175 ounces from the Mount Milligan Mine and 32,552 ounces from the Oksut Mine. The company increased its 2026 gold production guidance for Oksut to between 120,000 and 135,000 ounces, from the previous range of 110,000 to 125,000 ounces. Canterra said it remains on track to achieve its 2026 copper production guidance of 50 to 60 million pounds.Meanwhile second-quarter gold sales were 72,114 ounces at an average realized gold price of $3,437 per ounce and copper sales were 13.4 million pounds at an average realized copper price of $5.30 per pound, the company notedIts board also approved a quarterly dividend of C$0.07 per common share - approximately C$13.7 million or $9.7 million in aggregate.Company's shares edged lower $0.06 to $16.01 at last look in after-hours trading in the US. They closed down C$0.58 to C$22.70 on Toronto Stock Exchange.

$CG.TO$CGAU

Oil & Energy10d ago

Nabors Reports Higher Q2 Rig Activity, Expands Saudi Sanad Fleet

Nabors Industries (NBR) reported Q2 earnings Tuesday, averaging 171.2 working rigs during the quarter, up from an average of 158.3 a year earlier, driven by higher activity across the US and international markets.The company increased its average Lower 48 rig count to 67.8 for the quarter ended June 30, up from 62.4 a year earlier. Total US drilling activity rose to an average of 77.8 rigs from 72.4.International drilling averaged 93.4 rigs for the quarter, compared with 85.9 a year earlier.Nabors deployed one newbuild rig through its Sanad joint venture in Saudi Arabia, raising total newbuild deployments to 16. The venture also returned one previously suspended rig to service and plans to deploy three additional newbuild rigs during 2026.The company added five rigs in the Lower 48 during the quarter, including one supporting Quaise Energy's Project Obsidian superhot geothermal development.Two of the additions in the Lower 48 were PACE-X Ultra rigs, while Canrig deployed its first fully automated TITAN rig floor wrench.Nabors expects to average 73 Lower 48 rigs in Q3, up from 67.8 in Q2. The company also forecasts an international average rig count of 94 to 96 rigs in Q3.Nabors reduced its full-year capital spending outlook, revising it to a range between $710 million and $730 million and lowering the midpoint by $25 million.The company also lowered expected Sanad newbuild spending to a range between $325 million and $335 million from the earlier $360 million to $380 million.

$NBR

Equities10d ago

Nabors Industries Q2 Net Loss Narrows, Revenue Falls

Nabors Industries (NBR) reported a Q2 net loss late Tuesday of $2.04 per diluted share, compared with the loss of $2.71 a year earlier.Analysts polled by FactSet expected a loss of $1.30.Operating revenue in the three months ended June 30 fell to $814.8 million from $832.8 million a year earlier.Analysts expected $809.3 million.

$NBR

Showing 7001-7020 of 69604

Oil & Energy10d ago