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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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Buttoning up business: Myer adds Premier’s Apparel Brands to portfolio

Premier Investments (ASX:PMV) and Myer Holdings (ASX:MYR) are merging resources in a transformative deal, announced today. Myer will acquire Premier’s Apparel Brands, including Just Jeans, Jay Jays, Portmans, Dotti, and Jacqui E, through the issue of 890.5 million shares to Premier, giving Premier a 51.5% stake in Myer and establishing the company as Myer’s majority

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Zipping past expectations

Zip Co Limited (ASX:ZIP), a digital financial services company that offers point-of-sale credit and digital payment services, has posted robust results for the quarter ending 30 September 2024, largely driven by a surge in US operations. The company reported a Group Cash EBTDA of $31.7m, marking a 233.7% increase compared to the same quarter in 2023.

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Serko’s smooth landing in North America’s corporate travel market

Serko (ASX:SKO, NZX:SKO), a New Zealand-based provider of online business travel booking solutions, is ramping up its North American presence with the acquisition of Sabre’s GetThere business travel platform for US$12m. This purchase, announced on 28 October 2024, positions Serko as the #2 corporate booking tool provider in North America, giving it access to a

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US stocks rise as tech earnings loom

Stocks surged on Monday as investors anticipated a wave of megacap technology earnings that could propel the Nasdaq Composite to new heights this week. A calming geopolitical situation also bolstered risk sentiment. The S&P 500 gained 0.27 per cent, closing at 5,823.52. The Dow Jones Industrial Average advanced by 273.17 points, or 0.65 per cent,

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Dr Cathy Foley on turning the lucky country into a smart nation

Australia’s Chief Scientist, Dr Cathy Foley, AO PSM, presents at the Semiconductor Australia 2024 conference. She highlights Australia’s strengths in tech development and outlines a vision for a sustainable economy led by innovation. Topics discussed include:Insights from Dr Foley’s research, reflecting on early challenges in semiconductor development and how they influenced her career.The rapid evolution

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