Market News

To register for Friday’s webinar click here. Midway Limited (ASX:MWY) has entered into a binding Scheme Implementation Deed (SID) with RCM BidCo Pty Ltd, an entity controlled by River Capital Pty Ltd, for the acquisition of all Midway shares. Under the proposed scheme, if approved, Midway shareholders will receive $1.19 per share in cash, which […]

Catapult Group International (ASX:CAT) has announced a robust financial performance for the first half of FY25, ending 30 September 2024. The company’s Annualised Contract Value (ACV), a key measure of recurring revenue, surged by 20% year-on-year to reach US$96.8m, driven by expansion in Catapult’s Performance & Health and Tactics & Coaching verticals. Revenue climbed 19%

Nufarm (ASX:NUF) has announced its full-year financial results for FY24, reporting underlying EBITDA of $313m, which was at the midpoint of guidance despite a 29% decline from the previous year. This performance came as Nufarm navigated competitive pricing pressures and lower revenue in some segments. The company’s net debt dropped by 25% to $635m, and

GrainCorp (ASX:GNC) reported a resilient performance in its FY24 results despite difficult global and local market environments. Earnings, however, have come in slightly below expectations. The company achieved an underlying EBITDA of $268 million, down from $565 million in FY23, while net profit after tax (NPAT) fell to $62 million from $250 million in FY23.

Cbus Super CEO Kristian Fok is set to appear before the Senate Economics References Committee today. For some months, the Senate had planned to bring Cbus before the Senate Economics Committee alongside the prudential regulator APRA, Housing Australia, and various other superannuation funds in relation to a special inquiry to examine housing issues. Senators have questions

Neuren Pharmaceuticals (ASX:NEU), an Australian biotech focused on developing treatments for neurological disorders, has announced a substantial on-market share buy-back program. The company intends to repurchase up to A$50 million in shares, citing stable cash inflow from sales of its Rett syndrome drug, DAYBUE, in the United States as a driving factor. The program allows

The S&P 500 and Dow Jones Industrial Average ended Wednesday’s session near the flatline as the postelection rally lost momentum. Investors also focused on a key inflation report, which came in as expected. The S&P 500 edged up by 0.02 per cent, closing at 5,985.38, while the Dow rose 47.21 points, or 0.11 per cent,

The Australian Competition and Consumer Commission (ACCC) has flagged potential issues with Cleanaway Waste Management’s (ASX:CWY) planned acquisition of the waste and recycling division of Citywide Service Solutions. In June this year, Cleanaway had agreed to acquire the division for $110m. As part of the transaction, Cleanaway committed to redevelop the Dynon Road waste transfer station

Denmark is at the forefront of integrating artificial intelligence within structured regulation, recently launching a new AI supercomputer. The EU AI Act In August this year, the EU implemented the Artificial Intelligence Act, the world’s first major legislation aimed at regulating AI technologies. The Act adopts a risk-based approach, categorising AI applications into different risk

Dr Chris Burns, the CEO of NOVONIX Limited (ASX:NVX), shares details on a significant supply agreement with Stellantis for synthetic graphite, a milestone for the North American battery market.