James Hardie chairwoman Anne Lloyd has expressed disappointment following her removal from the board, along with directors Rada Rodriguez and Peter John Davis. The ousting occurred after significant shareholder opposition, primarily related to the proposed $14 billion acquisition of Azek. James Hardie is a global building materials company, focused on fibre cement and gypsum products. […]
James Hardie Chair Ousted Amid Azek Deal Read More »
Microsoft has announced a robust performance for its recent quarter, with sales climbing 18 per cent to $US77.7 billion ($118.2 billion). The technology behemoth also reported a significant 22 per cent surge in quarterly profit, reaching $US30.8 billion, or $US4.13 per share. These figures surpassed Wall Street’s projections for the July-September period, indicating a strong
Microsoft Sales Surge, Profit Exceeds Expectations Read More »
Meta Platforms saw its shares plunge more than 7 per cent in after-hours trading in New York, despite reporting strong third-quarter sales. The social media and technology giant, known for platforms like Facebook and Instagram, reported third-quarter sales of $US51.2 billion, surpassing analysts’ estimates of $US49.6 billion. Meta uses profits from its advertising business to
Meta Shares Plunge Despite Strong Sales Read More »
Brambles has received an upgraded credit rating from S&P Global Ratings (S&P), moving from BBB+/Stable/A-2 to A-/Stable/A-2. This reflects S&P’s assessment of Brambles’ improved financial performance and business strength. Brambles is a supply-chain logistics company operating in over 60 countries, primarily known for its pallets, crates, and containers. The company helps move goods through the
Brambles Credit Rating Upgraded by S&P Global Read More »
Germany’s grid regulator is nearing an agreement to meet some demands from energy operators regarding infrastructure spending returns. The reform, covering the five years from 2028/2029, is expected to be finalised this year, Handelsblatt reported on Wednesday. According to draft reform documents, caps will be set on grid companies’ earnings. These caps aim to balance
Germany Tweaks Grid Spending Returns Read More »
Portuguese police have searched the offices of Novo Banco, Portugal’s fourth-largest bank, and the local branch of auditing firm KPMG as part of a corruption investigation. The probe centres on suspected crimes related to the sale of the bank’s assets. Prosecutors are investigating potential active and passive corruption in the private sector, aggravated fraud, and
Novo Banco Offices Searched in Corruption Probe Read More »
The Federal Reserve is set to cut interest rates by a quarter of a percentage point today, lowering the federal funds rate to a range between 3.75% and 4%. Markets see the move as a certainty. What’s uncertain is the message that follows. Nigel Green, CEO of global financial advisory giant deVere Group, says today’s
Will today’s Fed rate cut be last one until summer 2026? Read More »
Image Resources NL (ASX:IMA), a mineral sands focused miner and supplier of critical minerals such as titanium dioxide, zircon, and monazite, has revised its market guidance for heavy mineral concentrate (HMC) sales for calendar year 2025. The company now anticipates sales of 150-170k dry metric tonnes (DMT), a reduction from the previous estimate of 165-185k
Image Resources Adjusts HMC Sales Guidance, Extends Prepayment Facility Repayment Read More »
Tribune Resources Ltd (ASX: TBR), a company engaged in gold exploration, development and production, today announced its quarterly report for the period ending September 2025. A key highlight was the processing of 78,296 tonnes of ore at 2.89 g/t from the East Kundana Joint Venture (EKJV) operations, in partnership with Evolution Mining Limited at the
Tribune Resources (ASX: TBR) Reports Strong Gold Production in September Quarter Read More »
Transgrid, the owner of New South Wales’ high-voltage power grid, has signed a contract with GE Vernova to supply synchronous condensers. Transgrid is responsible for operating and maintaining the state’s electricity transmission network. The company plays a crucial role in connecting generators, distributors, and major end-users, ensuring a reliable power supply across NSW. The contract,
Transgrid Secures Key Grid Stabilisation Contract Read More »
