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In its quarterly report for the period ending 30 September 2024, BluGlass (ASX:BLG) shared details of a partnership with Uviquity, a US-based startup specialising in wide-bandgap semiconductors and integrated photonics. Under a multi-year Joint Development Agreement (JDA) announced on 31 October, BluGlass will receive an initial $1.2m for the first phase of a project to […]

Mineral Resources (ASX:MIN) has announced a pivotal $1.13bn deal with Hancock Prospecting, selling 100% of its exploration permits in the Perth Basin and forming joint ventures on remaining assets across the Perth and Carnarvon basins. This transaction, including an $804m upfront payment and up to $327m in resource-dependent bonuses, reflects MinRes’s strategy of leveraging high-value

Coles Group (ASX:COL) reported mixed results in its first quarter of FY2025, highlighting growth in some segments while grappling with tightened consumer spending in others. The company posted a 2.9% rise in total group revenue to reach $10.55bn for the 13 weeks ending 29 September 2024. Coles Supermarkets led the growth, with sales climbing 3.5%

JB Hi-Fi (ASX:JBH) has announced Q1 FY25 results, with a 4.9% total sales growth in JB Hi-Fi Australia, 19.6% growth in New Zealand, and 5.3% for The Good Guys, its consumer electronics and home appliances arm.  In FY24, JB Hi-Fi reached $9.6bn in sales, with a net profit after tax of $438.8m and a closing

Mesoblast (ASX:MSB; Nasdaq:MESO) has reported significant milestones in its Q1 FY2025 results, including an anticipated FDA decision on its lead product, Ryoncil (remestemcel-L), for treating steroid-refractory acute graft versus host disease (SR-aGvHD) in children. Filed in July, the company expects an FDA verdict by 7 January 2025. Ryoncil would be the first FDA-approved treatment specifically

Stocks dipped on Wednesday as investors processed a flood of earnings reports and looked ahead to more results from major tech companies. The S&P 500 fell 0.33 per cent, closing at 5,813.67. The Dow Jones Industrial Average dropped 91.51 points, or 0.22 per cent, finishing at 42,141.54. Meanwhile, the tech-focused Nasdaq Composite declined 0.56 per

Meta Platforms (Nasdaq: META) reported its Q3 2024 earnings after market close, showcasing a strong financial performance. Results surpassed market expectations. Largely driven by advancements in artificial intelligence (AI) and robust ad revenue growth, Meta’s revenue reached US$40.6bn, marking a 19% year-over-year increase and slightly exceeding the projected US$40.3bn. Earnings per share (EPS) came in

Microsoft (NASDAQ: MSFT) released its Q1 FY25 financial results after market close today, reporting revenues of US$56.5bn and an earnings per share (EPS) of US$2.99. These figures surpassed consensus projections, which estimated revenue at US$54.5bn and EPS at US$2.65.  A key driver was Microsoft’s Intelligent Cloud division, which includes Azure and saw a revenue increase

KKR and Energy Capital Partners (ECP) have committed to a US$50bn investment to meet the fast-growing needs of artificial intelligence (AI) and cloud computing. This strategic partnership, announced Wednesday, targets improvements in power generation, transmission, and data centre capabilities. KKR (Kohlberg Kravis Roberts & Co) is a global investment firm known for its expertise in

Europe’s largest carmaker, Volkswagen, has announced a 64% plunge in profits for the third quarter. Net profit fell to €1.57bn, down from €4.34bn a year earlier. The downturn has driven Volkswagen to implement sweeping measures. The company has asked its workers to take a 10% pay cut. It plans to close its Audi Q8 e-tron