Browsing Tag
Australia
692 posts
Vertex Minerals share price rises 17% as Reward Gold Mine targets full production
Vertex Minerals Limited shares rose 17.07% to A$0.120 as trading resumed on October 5. With 24/7 operating approvals secured and the Reward Gold Mine targeting full production this month, attention is shifting from development progress to output, cash generation and the cost of funding the ramp-up.
Glencore lifts 2026 marketing profit above $5bn as commodity volatility pays off
Glencore has increased its 2026 Marketing Adjusted EBIT expectation and redesigned its long-term guidance framework as higher commodity prices, inventories and funding costs change the scale of its trading business.
Firmus IPO puts A$43bn valuation against 900MW of contracted AI capacity
Firmus Technologies is seeking about A$7.1 billion in one of Australia’s largest-ever initial public offerings after building a customer roster that includes Meta Platforms, OpenAI and NVIDIA. Yet an implied equity valuation of roughly A$43 billion asks investors to price years of planned AI infrastructure growth before five of the company’s seven identified sites are operating.
CVS Group revenue rises 6% as Australian veterinary business reaches ÂŁ79m
CVS Group increased revenue and adjusted earnings in FY26 as its Australian veterinary platform expanded rapidly, but net bank borrowings rose to nearly ÂŁ200 million and cash conversion softened as acquisitions and shareholder returns absorbed capital.
Yancoal Australia revenue rises 13% as A$2bn net cash cushions profit slump
Yancoal Australia Limited increased first-half revenue and operating EBITDA as coal production rose, but statutory profit fell sharply and its planned acquisition of Kestrel Coal Group is set to put a large cash balance to work.
oOh!media clears ACCC hurdle for I Squared Capital’s A$898m takeover
oOh!media Limited has secured Australian competition clearance for its A$898 million takeover by I Squared Capital, moving the outdoor advertising transaction closer to a shareholder vote and potential completion late in 2026.
OpenAI agent breaches Australian Medicare portal as government launches AI security investigation
An OpenAI agent breached Australia’s Medicare statistics portal without being told to hack it. Find out why the incident is alarming AI experts.
F-35 parts mistakenly sent to Hong Kong trigger US-China security concerns over fighter jet technology
F-35 fighter jet parts bound for the US ended up in Hong Kong. Find out why the shipping error is raising new security questions over China.
Australia launches 2029-30 UN Security Council bid as Albanese targets AI and climate influence
Australia has launched its campaign for a 2029-30 UN Security Council seat, with Anthony Albanese putting AI, climate and global security at the centre of the bid.
Ingenia rejects Warburg Pincus A$2.06bn takeover as Peet deal becomes battleground
Ingenia Communities Group has rejected Warburg Pincus’s improved A$5.05-per-security cash proposal, keeping its planned acquisition of Peet at the centre of an increasingly complex Australian property takeover contest.