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Olivia Wirth's Rescue Plan for Myer: Key Elements Identified Amidst Growth Challenges
September 20, 2024 03:13 PM AEST| By Team Kalkine MediaOlivia Wirth, the newly appointed executive chair of Myer Holdings Limited (ASX: MYR), is actively working on a turnaround strategy for the iconic Australian department store. Her approach incorporates several foundational elements aimed at revitaliz...
Asia Powers Global Expansion with Growing Demand for Gas
September 20, 2024 03:12 PM AEST| By Team Kalkine MediaAccording to the International Energy Agency's Q3 2024 gas report, the Asian region accounted for 60% of the 3% year-on-year increase in global gas demand during the first half of 2024. This surge is primarily driven by growing demand in China and In...
BAP to Divest MTQ Engine Systems Business in Strategic Move
September 20, 2024 03:08 PM AEST| By Team Kalkine MediaBapcor Limited (ASX: BAP), a leading provider of automotive aftermarket parts, accessories, equipment, and services, has announced plans to divest its diesel fuel injection business, MTQ Engine Systems. The transaction, which is anticipated to be fin...
REG Acquires Two Melbourne Aged Care Facilities for $35.5 Million
September 20, 2024 03:07 PM AEST| By Team Kalkine MediaRegis Healthcare Limited (ASX: REG), a leading provider of aged care services in Australia, has announced the acquisition of two aged care facilities in Melbourne from Ti Tree Operations for $35.5 million. This strategic acquisition, funded entirely...
CGF Announces Departure of Matthew Michelini from Board Following Stake Reduction
September 20, 2024 03:06 PM AEST| By Team Kalkine MediaChallenger Limited (ASX: CGF), an Australian investment management firm, has announced the resignation of Matthew Michelini from its board of directors. Michelini, who represented Apollo Global Management on the board, stepped down following Apollo’s...
HVN Faces Second Class Action Over Extended Warranties
September 20, 2024 03:05 PM AEST| By Team Kalkine MediaASX-listed retailer Harvey Norman Holdings Ltd (ASX:HVN) is facing a second class action lawsuit related to its extended warranty sales practices. The company has been accused of engaging in “misleading and deceptive” conduct, according to the legal...
SHV Temporarily Halts Trading Ahead of Capital Raising
September 20, 2024 03:04 PM AEST| By Team Kalkine MediaSelect Harvests Limited (ASX: SHV), a prominent player in the almond growing industry, has announced a temporary halt in trading as it prepares for a capital raising initiative. The move is part of a broader strategy to bolster its financial position...
MYR Attributes Profit Decline to Store Closures and Economic Challenges
September 20, 2024 03:03 PM AEST| By Team Kalkine MediaMyer Holdings Limited (ASX: MYR), one of Australia's most well-known department store retailers, has reported a decline in both sales and profit for the 2024 financial year. The company cited a combination of store closures and adverse economic condi...
KLS Secures $39 Million Contract to Operate Colorado Transit Networks
September 20, 2024 03:01 PM AEST| By Team Kalkine MediaKelsian Group Limited (ASX: KLS), a prominent transport and tourism services provider, has been awarded a $39 million contract to manage the statewide Bustang and Pegasus motor coach transit networks in Colorado, USA. This one-year contract, valued a...
NAM Board Supports Olam Agri's 75¢ Per Share Acquisition Proposal Amid Takeover Battle
September 20, 2024 03:00 PM AEST| By Team Kalkine MediaNamoi Cotton Limited (ASX: NAM) has announced that its board of directors has unanimously recommended shareholders accept the takeover bid from Olam Agri, valuing the company at 75 cents per share. This decision follows an intense bidding war between...
ALC Unveils Ambitious Growth Strategy to Double Sales by 2028
September 20, 2024 02:59 PM AEST| By Team Kalkine MediaArcadium Lithium (NYSE: ALTM), a leading player in the global lithium market, has announced plans to more than double its total sales volumes by 2028, as part of an expansive growth strategy revealed during its recent investor day. This ambitious tar...
Australian Technology Sub-Index (AXIJ) Soars to Record High Following U.S. Rate Cut
September 20, 2024 02:41 PM AEST| By Team Kalkine MediaThe Australian technology sub-index (AXIJ) has experienced a significant surge, jumping as much as 1.4% to reach a record high of 3,673.8 points. This remarkable increase reflects overnight gains on Wall Street, buoyed by the U.S. Federal Reserve's r...
Myer Holdings (ASX:MYR) Shares Plunge 12% Amid Profit Drop and Dividend Cuts
September 20, 2024 02:35 PM AEST| By Team Kalkine MediaShares of Myer Holdings (ASX:MYR) experienced a sharp decline on Friday, plummeting as much as 12% to reach their lowest levels in over a month. This drastic drop followed the announcement of a significant decrease in the retailer's annual profit, al...
CSL Ltd (ASX:CSL) Announces Leadership Changes: John Levy Steps in as Interim CFO
September 20, 2024 02:27 PM AEST| By Team Kalkine MediaCSL Ltd (ASX:CSL), a global leader in biotechnology, has announced significant leadership changes within its financial department. John Levy will assume the role of Interim Chief Financial Officer (CFO), while Joy Linton, the outgoing CFO, transition...
Regis Resources (ASX:RRL) Shares Rise 4% on Friday, Here's Why?
September 20, 2024 01:51 PM AEST| By Team Kalkine MediaShares of Australia’s Regis Resources (ASX:RRL) surged as much as 3.6%, reaching AU$6.04, marking their highest point since early February 2016. This increase reflects the stock’s largest intraday gain since September 13 and positions it for a potent...
Sandfire Limited Discovers Promising Mineralisation at Sesmarias Prospect
September 20, 2024 01:50 PM AEST| By Team Kalkine MediaSandfire Limited,(ASX: SFR),has made noteworthy strides at its Sesmarias Prospect in Portugal, showcasing strong evidence of extended mineralisation. This development is particularly significant for investors focused on the long-term copper thematic,...
Kelsian Group (ASX:KLS) Shares Rise 3% on Major U.S. Contract Win
September 20, 2024 01:47 PM AEST| By Team Kalkine MediaShares of Kelsian Group (ASX:KLS) experienced a notable uptick, rising as much as 2.8% to AU$4.11, positioning the company for its best day since September 11, should these gains hold. This positive momentum comes in response to significant news rega...
Woolworths (ASX:WOW) Shareholders Push for Divestments to Refocus on Core Australian Market
September 20, 2024 01:45 PM AEST| By Team Kalkine MediaInvestors in Woolworths Group Ltd (ASX:WOW) are likely feeling the strain as the supermarket operator faces a challenging year. The Woolworths share price has dipped by 5% in 2024 and is down over 6.5% in the past 12 months, contrasting sharply with...
Westar Completes Mindoolah Field Campaign After Divesting Non-Core Assets
September 20, 2024 01:25 PM AEST| By Team Kalkine MediaWestar Resources,(ASX: WSR),has recently marked a significant milestone in its exploration endeavors by completing a comprehensive field campaign at the Mindoolah Mining Centre project, located in Western Australia. This initiative involved thorough...
Coles Group (ASX:COL) Shares Inch Higher as Bell Porter Rates Stock 'Buy'
September 20, 2024 01:13 PM AEST| By Team Kalkine MediaShares of Australian grocer Coles Group (ASX:COL) experienced a modest rise in early trading, climbing 0.2% to AU$19.22 per share. This uptick comes in the wake of a new rating from brokerage Bell Porter, which has designated the stock as a 'Buy' and...
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