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Atlas Iron Profit Plunges Amid Cyclones, Price Drop

Atlas Iron, a subsidiary of Gina Rinehart’s Hancock Prospecting, reported a 41 per cent decrease in full-year profit, attributing the downturn to cyclonic weather and lower iron ore prices. The West Australian company posted a net profit of $260 million for the 2024-25 financial year, a significant drop from the $440 million recorded in the […]

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Arika Resources Hits High-Grade Gold in Yundamindra Drilling

Arika Resources Limited (ASX: ARI), focused on delivering value to shareholders through the development and discovery of high-quality gold assets, has announced promising assay results from its ongoing drilling program at the Yundamindra Gold JV Project in Western Australia. The Yundamindra Gold JV Project is located 65km south-west of Laverton, 250km north of Kalgoorlie, Western

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Woolworths’ Sales Growth Trails Market Expectations

Woolworths Group, a major Australian supermarket chain, reported that its first-quarter sales performance was below company targets and market expectations. Despite a 2.7 per cent increase from the prior year, reaching $18.5 billion, chief executive Amanda Bardwell acknowledged the results did not meet internal aspirations. Woolworths operates a network of supermarkets and retail stores across

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CVC Limited Considers New Capital Notes Offer

CVC Limited is considering a new offer of CVC Capital Notes, potentially including a reinvestment option for certain holders of CVC Notes 2. The offer’s launch is contingent upon prevailing market conditions and receipt of necessary regulatory approvals. CVC Limited is an investment firm focused on generating absolute returns from investment grade assets and undervalued

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Cash Converters Completes $15.74 Million Placement

Cash Converters International has successfully completed the institutional component of its equity raising, securing $15.74 million. This was achieved through a fully underwritten placement and an institutional entitlement offer. The company aims to bolster its financial position as it eyes strategic expansions. Cash Converters is a retailer and finance provider with operations primarily in Australia

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Limited Crisis Prep Could Trigger Bailouts: BoE

Some firms operating in the British government bond market have made insufficient preparations for a future crisis, potentially increasing the need for public bailouts, Bank of England policymaker Jonathan Hall cautioned on Thursday. Hall, an external member of the BoE’s Financial Policy Committee, highlighted the risk of a repeat of the 2008 financial crisis, where

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