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Governance and Leadership at Treasury Wines & Qantas Chair Speaks
October 17, 2024 11:28 AM AEDT| By Team Kalkine MediaHighlights,Treasury Wines,chairman,discusses governance challenges.,John Mullen addresses his multiple roles in corporate Australia.,A shareholder protest highlights concerns at Treasury Wines' annual meeting.,John Mullen, the chairman of Treasury Wi...
ASX Retreats from Record High Amid Market Sector Weakness
October 16, 2024 05:58 PM AEDT| By Team Kalkine MediaHighlights,ASX dips 0.32% after reaching record highs yesterday.,Tech and Consumer Staples sectors led market weakness.,Financial and Real Estate sectors saw marginal gains.,The Australian Securities Exchange (ASX) experienced a day of mixed trading,...
US Department of Justice Explores Breaking Up Google in Landmark Antitrust Case
October 16, 2024 05:21 PM AEDT| By Team Kalkine MediaHighlights,DOJ considers splitting Google’s core business from other key products.,A court ruling found Google violated antitrust laws, calling it a monopolist.,Potential outcomes could reshape how users interact with search engines.,The U.S. Departm...
ASX Sees Slight Drop, Mining and Tech Stocks Under Pressure
October 16, 2024 03:37 PM AEDT| By Team Kalkine MediaHighlights,Australian shares fell slightly on Wednesday, led by tech stocks,Evolution Mining surged alongside gold prices near record highs,Financials gained, with Bank of Queensland rising on profit results,Australian shares experienced a slight dip...
Myer’s Executive Revamp Led by Olivia Wirth with Key Hires from Qantas
October 16, 2024 03:31 PM AEDT| By Team Kalkine MediaHighlights,Myer undergoes a leadership shakeup under Olivia Wirth's direction.,Former Qantas executives join Myer in key transformation roles.,Major changes aim to strengthen Myer’s core business and drive growth.,Myer is undergoing significant leade...
Government Spending Surge in Australia Poses Growing Challenge for the Economy
October 16, 2024 03:02 PM AEDT| By Team Kalkine MediaHighlights,Australian government spending is at record-high levels, impacting economic targets.,State debts continue to rise, while federal debt remains lower for now.,Public sector wages and infrastructure projects are key contributors to the spendi...
ASX Slips as Energy and Mining Sectors Lead Declines
October 16, 2024 01:02 PM AEDT| By Team Kalkine MediaHighlights,Australian stocks decline as resource-linked sectors fall.,Energy and mining companies lead losses amid global shifts.,Major banks show mixed performance.,The Australian stock market experienced a pullback, with the S&P/ASX 200 index shedd...
Radiopharm Theranostics (ASX:RAD) and AtomVie partner to advance promising 177Lu-BetaBart therapy
October 16, 2024 12:51 PM AEDT| By Sonal GoyalHighlights,RAD and AtomVie Global Radiopharma have partnered with Radiopharm Ventures to develop and manufacture,177,Lu-BetaBart radioantibody.,The collaboration aims to commercialise,177,Lu-BetaBart, leveraging AtomVie’s manufacturing capabilities a...
Graphene Manufacturing Group Named Among Australia's Top Innovators in 2024
October 16, 2024 11:21 AM AEDT| By Team Kalkine MediaHighlights,GMG recognized for innovation in graphene and clean technology.,Achievements in energy storage and electronics highlighted.,Award underscores the company's mission to drive sustainable solutions.,Graphene Manufacturing Group (GMG) has been...
Wisr (ASX:WZR) banks on cost management to improve profitability
October 15, 2024 06:49 PM AEDT| By Team Kalkine MediaHighlights,Wisr recorded a 2.07% YoY increase in revenue, reaching AUD 93.80 million in FY24, driven by improved yield metrics.,Cash from operating activities rose from AUD 12.81 million in FY20 to AUD 17.94 million in FY24.,The company aims for 75%...
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IMARC 2024 to Spotlight Decarbonisation and Sustainability in Australia’s Top Mining Conference
October 15, 2024 06:28 PM AEDT| By Team Kalkine MediaHighlights,IMARC 2024 highlights global speakers and sustainability themes.,The event features technical talks, panels, and keynotes across three days.,Topics include ESG, supply chains, and circular economy initiatives.,As the mining industry looks...
ASX Closes Higher with Financials Leading Gains, Energy Sector Lags
October 15, 2024 06:11 PM AEDT| By Team Kalkine MediaHighlights,ASX ends with a 0.79% rise at 8,318.4 points.,Financial sector leads with strong performances from major banks.,Energy stocks fall amid declining oil prices.,The Australian Securities Exchange closed 0.79% higher at 8,318.4 points on Octob...
Bronte Capital Reassesses Strategy After Challenging Month
October 15, 2024 03:52 PM AEDT| By Team Kalkine MediaHighlights,Bronte Capital faced its worst month since 2022.,Review of strategy underway to reduce risks.,Notable losses from long holdings like Visa and Alphabet.,Bronte Capital, led by John Hempton, experienced a tough September as the hedge fund po...
Cannindah Resources (ASX: CAE) Expands Opportunities with Codelco's Interest in Mt Cannindah
October 15, 2024 02:49 PM AEDT| By Aditi SarkarHighlights,Codelco proposes due diligence on CAE’s Mt Cannindah project for a potential transaction.,A consent deed allows Codelco low-impact exploration and data access at the site.,CAE’s drilling campaign has expanded the Mineral Resource Estimates...
ASX Market Update: Tech and Resource Stocks Surge While Energy Faces Pressure
October 15, 2024 01:27 PM AEDT| By Team Kalkine MediaHighlights,ASX 200 hits new record as InfoTech and Telcos lead early trading.,Crude oil weakness impacts Woodside and Santos.,Small-cap stocks,Nanoveu,and African Gold post strong gains.,The ASX 200 opened on a high note today, buoyed by a positive l...
ASX and Global Markets Can the Bull Market Last?
October 15, 2024 01:23 PM AEDT| By Team Kalkine MediaHighlights,ASX and Wall Street continue to set record highs despite challenges.,Economic growth, global rate cuts, and stimulus are factors supporting the rally.,Investors should watch for potential risks such as rising debt and market concentration....
Virgin Australia’s Profits Continue to Soar as Bain Capital Reaps Over $1 Billion
October 15, 2024 12:37 PM AEDT| By Team Kalkine MediaHighlights,Virgin Australia reports significant profit increase for the second consecutive year.,Bain Capital has gained over,$1 billion,since,acquiring,Virgin Australia.,Qatar Airways plans to,acquire,a 25% stake in Virgin Australia.,Virgin Australi...
Chinese Steel Exports Reach Highest Levels Since 2016 Amid Global Concerns
October 15, 2024 12:29 PM AEDT| By Team Kalkine MediaHighlights,Chinese steel exports hit highest levels since 2016.,Exports increase despite trade tensions and market challenges.,Domestic market slowdown contributes to export surge.,Chinese steel exports in September reached their highest levels in se...
Black Canyon (ASX:BCA) reports promising manganese assays from Wandanya; shares jump
October 15, 2024 12:00 PM AEDT| By Sonal GoyalHighlights,Promising assays from the W2 prospect confirmed high-grade manganese mineralisation.,The stratabound mineralisation indicated significant thickness and grade consistency over 240 metre of drilled strike.,The remaining assay results are exp...
Viking Mines (ASX:VKA) launches strategic review to assess gold potential at First Hit, shares surge
October 15, 2024 12:00 PM AEDT| By Sonal GoyalHighlights,VKA shares surged 50% following an update on the First Hit Gold Project.,A comprehensive strategic review has commenced at the company’s First Hit Gold Project.,This review seeks to leverage the inherent value and exploration potential wit...
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