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GrainCorp’s growth hits a dry spell

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. […]

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Cbus faces Senate grilling

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

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Neuren launches $50m share buy-back

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

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Waste not, compete not? ACCC flags concerns over Cleanaway’s $110m Citywide Deal

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

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Weight loss drugs, supercomputers, sovereign AI and Denmark

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

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Hot Stocks: BMG Resources, Atomo Diagnostics, Thunderbird Resources

To register for Friday’s webinar click here. BMG Resources Limited (ASX:BMG) has announced that preparations to resume drilling at its 100%-owned Abercromby Gold Project are well advanced with the start of drilling scheduled for this month. John Prineas, Non-Executive Chairman, commented: “Following the support shown by investors in the recent capital raising, the team at

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