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Stocks of the Hour: North Stawell Minerals, Next Science, archTIS

North Stawell Minerals (ASX:NSM) has upgraded its Wildwood Mineral Resource. Chief Executive Russell Krause said that the increase “reflects an increased attention and definition of the lithology model and mineralisation controls of the deposit.” Shares are trading flat at 10 cents. Next Science’s (ASX:NXS) unaudited product sales for Q2FY23 are expected to be above US$5.6m. […]

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Medibank and ahm customers to receive extra $125m in COVID support

Medibank (ASX:MPL) today announced its plan to distribute an additional $125m to its customers as part of the company’s comprehensive COVID-19 support package and give-back program. This new allocation brings the total amount of support provided to customers since the beginning of the pandemic to an impressive $1.15bn. Under the “cash-back” scheme, Medibank and ahm

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ASX provides clarity on CHESS replacement decision

ASX has responded to recent claims regarding the selection of a replacement for the Clearing House Electronic Subregister System (CHESS), stating that “no decision has been taken” yet. The clarification came in a letter to the chair of the Parliamentary Joint Committee on Corporations and Financial Services, following allegations made by Labor Senator Deborah O’Neill,

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ASX shares close 1.1% higher after CPI slows to a 13-month low

Australian shares experienced a significant rally on Wednesday as the country’s annual inflation rate unexpectedly slowed to a 13-month low. This development raised hopes that the Reserve Bank of Australia would maintain interest rates at 4.1%. The S&P/ASX 200 surged by 1.1% or 78.3 points, marking its largest daily gain since April. Likewise, the All

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Harvey Norman forecasts profit slump amid impending retail recession

Retailer Harvey Norman, led by billionaire Gerry Harvey, has issued a warning of a significant drop in annual earnings for 2023. The company expects a decline of around 30% as consumer sales wane. Harvey Norman, a renowned consumer electronics, bedding, furniture, and whitegoods retailer, released a trading update on Wednesday. Based on trading performance over

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$225m debt refinance and non-core divestment boost Centuria Office REIT’s capital position

Centuria Office REIT (ASX:COF) has announced significant developments, including a successful $225 million debt refinancing initiative and the exchange of a sales contract for the divestment of a non-core property. These moves are expected to enhance COF’s financial position and optimise its portfolio composition. The $225 million debt refinancing involved the refinancing of $175 million

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