Latest Market News

Praemium has reported a record 29% increase in total Australian funds under administration (FUA) to $62.1 billion in Q2 FY2025, driven by strong net inflows and the successful launch of its next-generation IDPS, Spectrum.

Fenix Resources delivered a transformational December quarter, setting the stage to triple its iron ore production in 2025, backed by record shipments and a 177% increase in mineral resources at Iron Ridge.

Bubalus Resources has appointed Brendan Borg as Managing Director, positioning the company to accelerate exploration at its Victorian Gold Projects amid a buoyant gold market.

Netwealth Group Limited has reported a record $4.5 billion in net inflows for the December 2024 quarter, marking a 69.8% increase year-on-year and driving its funds under administration past $100 billion.

Firebrick Pharma has made notable progress expanding its Nasodine nasal spray in Singapore, securing major distribution and marketing agreements that set the stage for retail sales growth in 2025.

Alcoa Corporation reported robust fourth quarter and full year 2024 results, driven by higher alumina and aluminum prices, operational gains, and key strategic initiatives including the Alumina Limited acquisition.

Nanosonics delivers a robust H1 FY25 trading update, reporting an 18% rise in revenue to $93.6 million and a profit before tax of $10.9 million, signaling strong momentum in its infection prevention business.

Pure Hydrogen’s subsidiary HDrive International has secured a significant AUD$2 million order from logistics giant TOLL Transport for two Taurus 70t hydrogen fuel cell prime movers, marking a pivotal step in the company’s commercial vehicle sales expansion.

Noble Helium Limited has postponed its western margin shallow drilling program due to adverse weather and restricted site access, aiming to resume once conditions improve.

RocketDNA has reported its strongest quarter yet, breaking the $2 million revenue barrier and marking its first international export of the xBot® autonomous drone platform to a major African mining operation.

Myer Holdings Limited is advancing a transformative merger with Premier Investments' Apparel Brands, aiming to create a $4 billion retail powerhouse. Shareholders overwhelmingly support the deal, which promises enhanced scale, diversified earnings, and strategic growth opportunities.

Ampol Limited reports a resilient 4Q 2024 trading update with a Lytton Refiner Margin of US$4.60 per barrel and an expected unaudited Group RCOP EBIT of approximately $715 million for the full year, despite operational headwinds.