1h ago
Qantas shares fell 6.3% in July as Brent crude jumped nearly 26%
In July 2024, Qantas (ASX: QAN) shares fell 6.3% to $9.95 from $10.62. Over the same period, Brent crude rose nearly 26% to US$90.12 a barrel from US$71.55. The airline has previously said it expected to spend around $2.5 billion on jet fuel in H2 FY 2026, leaving it exposed as fuel prices climbed. The rapid rise in oil prices lifted operating-cost pressure for airlines and weighed on Qantas and other aviation stocks in the near term.
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Maas Group rallies after Firmus adds A$855 million in contracts and A$300 million equity investment
Maas Group Holdings Ltd (ASX: MGH) said data centre company Firmus will make an additional A$300 million equity investment and has awarded A$855 million in new contracts. The deals lift work-in-hand at its wholly owned electrical infrastructure unit, JLE Group, to A$1.2 billion scheduled for delivery over the next 18 months. Maas Group also raised its full-year underlying EBITDA guidance to A$300–A$310 million from A$250–A$280 million. Shares rose 8.1% to A$5.36.
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7h ago
Morgans rates Boss Energy, Northern Star and Woodside shares as accumulate, accumulate and hold
Boss Energy (ASX: BOE) reported a quarterly operating update, with Alta Mesa producing 362klb of uranium in 4Q FY2024, up 79% quarter on quarter, meeting its full-year production guidance. However, Alta Mesa’s output was just 45klb on a 100% basis, about 78% below market consensus, as permitting delays held back the start-up of new wellfields. The stock was kept at an ACCUMULATE rating, while the target price was cut to A$1.40 from A$1.55.
7h ago
8h ago
CSL faces 18 August FY26 result as shares slide 52% across FY26
CSL will release an FY26 earnings update in August 2025 showing revenue of US$8.3 billion, down 4% year on year, and underlying NPATA of US$1.9 billion, down 7%. The stock is down 52% across FY26, making it one of the worst performers in the ASX 200. The company also announced large-scale job cuts, plans to demerge its influenza vaccine business, and expects about US$5 billion in noncash, pretax impairments across FY26–FY27. The developments have weighed on sentiment toward ASX 200 constituents and broader market mood.
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Aeris Resources guides FY27 copper output at 22–27 kt and lifts growth capex to $170–210 million
Aeris Resources (ASX: AIS) issued FY27 guidance that keeps production broadly steady, with copper output forecast at 22–27 kt versus 23 kt in FY26 and gold at 42–51 koz versus 49 koz. Mine operating costs are guided at $320–390 million compared with $332 million in FY26. Growth and project capital is set to rise sharply to $170–210 million from $102 million, alongside higher exploration spending of $29–35 million versus $17 million.
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Steadfast consortium reiterates A$6.00-a-share cash bid, extends exclusivity to 19 August 2026
Steadfast Group (ASX: SDF) said a consortium remains committed to its A$6.00-per-share cash proposal and has extended the exclusivity period for talks to 19 August 2026. The company said the consortium’s due diligence work is substantially complete and that shareholders do not need to take any action at this stage. Steadfast operates an insurance broking network across Australia, New Zealand, Singapore and the US, placing around A$25 billion in gross written premium each year. Since the proposal was announced, Steadfast shares have fallen 14%, lagging the benchmark index by 3.6 percentage points.
1d ago
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Regis Healthcare to buy Royal Freemasons’ Victorian home care business, adding about 480 clients
Regis Healthcare (ASX: REG) said it will acquire Royal Freemasons Homes of Victoria’s home care business, adding about 480 clients. The company said the deal is expected to lift annualised home care revenue to around A$50 million, up by more than A$10 million from current levels. The transaction is expected to complete in the second quarter of FY27. The move expands Regis’ scale and revenue base in Australia’s home care market.
1d ago