LA Private

October 29, 2024

Vicinity targets “fortress-style” assets amid strong FY25 Q1 results

Vicinity Centres (ASX:VCX) held its annual general meeting today. The retail property group, which manages $23bn in assets across Australia, highlighted its strategic portfolio enhancements, robust occupancy levels and positive leasing metrics. During FY24, Vicinity acquired a 50% stake in Lakeside Joondalup in Western Australia and full ownership of Chatswood Chase in Sydney. “These acquisitions […]

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Bitcoin hits $70k milestone, fuelled by ETF inflows

Bitcoin has once again surged beyond US$70,000, marking a comeback after months of volatility, although it is now trading around US$69,800. This is the first time since June that the cryptocurrency has surpassed this threshold, driven by renewed interest in recently approved exchange-traded funds (ETFs), which have provided a regulated path for institutional investors to

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Stocks of the Hour: Recharge Metals, Eastern Metals, Brightstar Resources

Recharge Metals (ASX:REC) has entered into a binding agreement to acquire 100% ownership of 26km² of mining claims with significant historic uranium resources in the Powder River Basin, USA, forming the Carter Uranium Project. Located in southeast Montana near the Wyoming border, the project is accessible via US Highway 212, about 75km from Belle Fourche,

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ASX up 0.4% near noon

At 11:30am, the S&P/ASX 200 is 0.39 per cent higher at 8,253.30. The SPI futures are pointing to a rise of 27 points. Best and worst performers The best-performing sector is REITs, up 1.1 per cent. The worst-performing sector is Energy, down 0.69 per cent. The best-performing large cap is Mineral Resources (ASX:MIN), trading 4.05

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Fits like a glove: Ansell notes potential $10m in synergies from KBU acquisition

At its 2024 Annual General Meeting earlier today, Ansell (ASX:ANN) reported on a year marked by strategic investments and sustainability milestones. The company’s Accelerated Productivity Investment Program (APIP) yielded $28m in savings, exceeding initial projections, while Ansell’s acquisition of Kimberly-Clark’s Personal Protective Equipment business (KBU) in April 2024 further positioned the company as a leader

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Luxury slowdown no hurdle as Cettire posts profitable Q1

Cettire (ASX:CTT), an online luxury goods platform, has reported profitable growth for the first quarter of FY25, even as global luxury demand softened. Sales revenue rose 22% year-on-year to reach $155m, supported by optimised operating strategies and selective cost management. The company’s adjusted EBITDA climbed to $2m, up by $1.6m from the previous quarter. Despite

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Coronado Global revises guidance after revenue and price declines

Coronado Global Resources (ASX:CRN), an international coal mining company headquartered in Brisbane, reported $608m in group revenue for Q3 FY24, down 9.7% from the previous quarter and part of a year-to-date revenue total of $1.95bn — 11.8% lower than the same period in 2023. The revenue dip reflects weaker market conditions, driven by a 10.6%

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