Latest Market News

Austal Limited secures a significant US$314 million contract option from the US Coast Guard, advancing the Offshore Patrol Cutter program with orders for three additional vessels.

Duxton Dairies (Cobram) Pty Ltd (Duxton Walnuts) shareholders are set to vote on a scheme of arrangement for acquisition by Duxton Farms Ltd, with an independent expert concluding the merger is fair and reasonable. The transaction is part of a broader agricultural merger including Duxton Bees, Duxton Dried Fruits, and potentially Duxton Orchards.

Duxton Farms proposes a scheme of arrangement to acquire all preference shares of Duxton Orchards, offering scrip with optional cash consideration. An independent expert values the transaction as fair and reasonable, highlighting the strategic benefits of a larger, diversified agricultural platform.

Duxton Farms Ltd has announced a scheme of arrangement to acquire all issued preference shares of Duxton Dried Fruits Pty Ltd, offering a mix of scrip and cash consideration. An independent expert has assessed the transaction as fair and reasonable, endorsing the merger as a strategic step to create a diversified agricultural investment platform.

Duxton Farms proposes to acquire all preference shares of Duxton Bees via a scheme of arrangement, offering 0.839 Duxton Farms shares per Duxton Bees preference share, with up to 20% cash consideration. The independent expert values Duxton Bees preference shares between $0.64 and $0.85 on a control basis and considers the transaction fair and reasonable.

Cobalt Blue Holdings reports key technical milestones at its Broken Hill Technology Centre, progressing toward a final investment decision for its Kwinana Cobalt Refinery by late 2025 amid a recovering cobalt market.

Desane Group Holdings has sold its commercial property at 13 Sirius Road, Lane Cove for $8.7 million, marking a strategic shift to fund future growth opportunities.

Australian United Investment Company Limited has updated its dividend announcement to include the Dividend Reinvestment Plan issue price, confirming a fully franked total dividend of AUD 0.28 per share for the period ending June 2025.

The Russell Investments Australian Responsible Investment ETF (RARI) posted a solid 18.77% total return for the year ending June 2025, slightly trailing its benchmark index. This update highlights the fund's steady performance amid evolving market conditions.

Vicinity Centres has updated its dividend distribution details for the six months ending June 2025, including the Dividend Reinvestment Plan price and the NZD equivalent payout for New Zealand investors.

Robex Resources has amended its $130 million facility with Sprott, enabling access to $90 million without immediate permit approvals, accelerating development of its Kiniéro Gold Project in Guinea.

Boom Logistics has confirmed the resignation of former CEO Ben Pieyre following investigations into his unauthorised use of company funds, with losses estimated under $1 million and ongoing inquiries underway.