Find financial news and analysis across NZ and Australia.
47 results for “asx”
DroneShield Ltd is assisting ASIC with an investigation into market announcements and director share trading from November 2025, leading to a 16% share price drop.
Global market shifts overnight see WTI crude drop 3% and gold futures rise 0.9%, setting up a mixed trading session for ASX energy and gold shares on Friday, June 5, 2026.
The ASX 200 rose by up to 1% on Thursday as oil prices fell sharply on hopes of a US-Iran peace deal. However, Tabcorp shares crashed 25% following the announcement of a new AUSTRAC enforcement investigation.
Shares in Domino’s and Collins Foods have seen sharp declines as Australian inflation hits 4.6% and high interest rates squeeze household budgets, forcing a pullback in discretionary spending.
The Australian IPO market has experienced a significant resurgence in 2026, with 16 listings completed by early June. Despite initial debut-day gains averaging 34.5%, retaining positive momentum post-listing remains a challenge for many new market entrants.
Leading brokers have upgraded key ASX shares including Guzman Y Gomez, Life360, and Web Travel Group. These recommendations highlight strong target prices, strategic capital management initiatives, and robust financial projections for the upcoming week.
An investment analysis places both The A2 Milk Company and Wesfarmers on investor watchlists. While A2 Milk navigates temporary supply chain headwinds, Wesfarmers exhibits strong recovery potential backed by robust earnings.
The S&P/ASX 200 ended a five-day losing streak on 15 May 2026, gaining 0.48% to reach 8,681.9 points. The rally was driven by strong performance on Wall Street and a 27.7% surge in Megaport shares, though domestic inflation concerns persist.
Telix Pharmaceuticals, Domino's Pizza, and Polynovo top the list of the most shorted shares on the ASX as of May 4, 2026, according to the latest ASIC data.
James Hardie Industries plc has missed analyst statutory EPS expectations by 60% for FY26, reporting US$0.19 per share. Despite revenues meeting forecasts at US$4.8 billion, analysts have revised their FY27 projections downwards.
The Australian share market experienced a significant downturn on Monday, with the ASX 200 losing over A$30 billion in value. Rising oil prices and a global bond sell-off have intensified concerns over persistent inflation and high interest rates.
Ventia Services Group has renewed a major maintenance contract with Yarra Valley Water worth A$405 million over nine years, consolidating four existing agreements into one.
The ASX 200 ended its longest losing streak since 2018 on May 1, 2026, rising 0.74% to 8,729.80 points as BHP and Rio Tinto led a materials sector recovery.
The S&P/ASX 200 Index June 2026 quarterly rebalance reveals a major structural flow of institutional capital. Five resources and defence companies join the index, while five consumer, technology, and travel firms are removed.
The S&P/ASX 200 index is forecast to open 13 points, or 0.15%, lower on Monday, June 1, 2026, as falling global oil prices temper the positive sentiment from a strong Friday finish on Wall Street.
Guzman y Gomez (ASX:GYG) is exiting the US market immediately, closing all Chicago restaurants after a six-year expansion attempt. The company has simultaneously upgraded its FY26 Australian underlying EBITDA guidance to A$85 million, triggering a major surge in its share price.
Australian mining leaders Mineral Resources Ltd and BHP Group Ltd are showing strong share market performance, supported by resilient commodity prices and strategic diversification. While Mineral Resources has posted significant gains since early 2025, BHP is trading near its all-time high amid robust copper and iron ore markets.
Technology One has delivered its 17th consecutive record first-half profit of $89.1 million, driven by a 17% surge in annual recurring revenue and strong SaaS+ adoption.
Pacific Edge Limited has successfully raised NZ$25.4 million through an upsized placement to fund its Cxbladder operations and efforts to regain US Medicare coverage. The company will now launch a NZ$6 million retail offer to existing shareholders.
The S&P/ASX 200 Index dropped 1.51% on Friday, wiping $50 billion in value as US-Iran hostilities pushed Brent crude oil above $100 a barrel. Major banks and energy stocks fell sharply amid renewed global inflation fears and concerns over future RBA interest rate hikes.
ASX 200 futures indicate a higher open on Wednesday following record-high closes for the S&P 500 and Nasdaq. Easing oil prices and strong technology earnings from AMD and Palantir are driving global market optimism.
Westpac Banking Corporation reported a statutory net profit of A$3.4 billion for the first half of 2026, as strong lending growth was offset by a decline in net interest margins to 1.89%.
Beach Energy Ltd (BPT.AX) faces a complex trading environment as surging global oil prices provide a catalyst against a backdrop of revised production guidance and bearish technical indicators, including an RSI of 44.03.
Qualitas Limited has reaffirmed its FY26 profit guidance of $60 million to $66 million while reporting a significant increase in capital deployment. The company now manages $10.9 billion in committed funds, with a heavy focus on Australian commercial real estate private credit.
Megaport Ltd (MP1.AX) has demonstrated significant momentum following a major US$25.1 million contract win for its Latitude.sh subsidiary. Technical indicators suggest a potential trend reversal as the share price moves above key short-term moving averages despite remaining below long-term levels.
Rio Tinto (RIO.AX) is trading near 52-week highs at $171.97 following a 13% surge in Q1 iron ore production. Despite strong operational data, mixed analyst sentiment and a bearish MACD signal suggest a period of consolidation may be ahead.
The S&P/ASX 200 index has recorded its tenth consecutive day of decline, closing at 8,652.1 points as Australia's inflation rate surged to 4.6% in March. The prolonged downturn, driven by energy supply shocks and RBA rate hike fears, marks the longest losing streak for the index since mid-2022.
Heartland Group Holdings has signed a conditional agreement to acquire TSB Bank from Toi Foundation for NZ$620 million. The combined entity will become New Zealand's seventh-largest bank with approximately NZ$15 billion in total assets.
The S&P/ASX 200 index experienced a significant 1.62% rebound to close at 8,731.70 points on Friday, May 29, 2026. This surge, driven by mining and banking gains, was fueled by hopes of a tentative 60-day US-Iran ceasefire extension.
Genesis Minerals Limited faces near-term market consolidation as its share price adjusts to macroeconomic pressures. However, key growth catalysts including the Magnetic Resources transaction and the massive Tower Hill EPC contract point to strong long-term fundamentals.
Australia's unemployment rate climbed to 4.5% in April 2026, representing its highest level since late 2021. The softening of the job market has prompted expectations that the Reserve Bank of Australia will hold interest rates steady.
The Australian share market is set for a positive open today following strong overnight gains in Europe. Investors are highly focused on Goodman Group's upcoming third-quarter operational update and a key broker upgrade for retail giant Wesfarmers.
Guzman y Gomez Limited (GYG.AX) has announced its immediate exit from the US market, closing its eight Chicago-area restaurants. This strategic pivot simplifies the business model, eliminates a major earnings drag, and improves the group's technical momentum as it refocuses on its profitable Australian core.
Tower Limited has reported a significant drop in its half-year profit to $22.9 million, down from $49.7 million a year earlier. The decline was driven by a sharp rise in weather-related claims costing $18.5 million, leading to a slide in the insurer's share price.
Oceania Healthcare has announced its audited full-year results for the period ending March 31, 2026, delivering a record 20% growth in Proforma Underlying EBITDA and a significant reduction in net debt. Despite operational gains, the board has suspended dividends as it targets positive free cash flow.
The S&P/ASX 200 index rose nearly one percent on Tuesday, recovering from a seven-week low following the de-escalation of geopolitical tensions. Strong performances from Woolworths and Tuas, combined with a slight rise in consumer sentiment, supported the market's much-needed bounce.
The NZX50 index climbed 1.2% on Tuesday, recovering from recent losses. Significant gains in Gentrack and Fisher & Paykel Healthcare helped offset broader market declines seen earlier in the week.
Air New Zealand has appointed Josh Emett as its new Culinary Ambassador to redesign premium dining experiences. The new menus will debut in October 2026 across long-haul flights from Auckland and North America.
KiwiSaver growth funds saw a significant rebound in April 2026, with some funds returning nearly 10% following a volatile start to the year. The recovery comes as contribution rates rise to 3.5% and global markets hit record highs.
Graincorp Ltd shares plummeted 13% to A$5.38 after the company reported a 52% drop in underlying NPAT for the first half of 2026. Despite the earnings contraction caused by global grain oversupply, the company has reaffirmed its full-year guidance.
The 2026-27 Australian Federal Budget introduces major reforms to negative gearing and capital gains tax while providing a new $250 tax offset for workers. Treasurer Jim Chalmers aims to address housing affordability and intergenerational equity through a $31.5 billion deficit plan.
Commonwealth Bank reported a $2.7 billion cash profit for the March quarter 2026, a 1% decline from its first-half average as technology investments and loan provisions rose.
Metcash Ltd has upgraded its FY26 underlying NPAT forecast to between $268 million and $270 million, leading to a 10% share price surge. The upgrade follows strong performance in Food, Liquor, and Hardware divisions alongside effective cost-saving measures.
WiseTech Global shares closed down 4.63% at A$42.27 on May 10, 2026, amid geopolitical tensions and market volatility. Despite a 40% year-to-date decline, the company has reaffirmed its FY26 revenue guidance of up to US$1.44 billion.
Pacific Edge Limited has initiated a trading halt to conduct a NZ$24 million capital raise aimed at regaining US Medicare coverage. The company reported a significant revenue drop to NZ$11.5 million in FY26 following the loss of reimbursement for its Cxbladder tests.
Australia's annual inflation rate jumped to 4.6% in March 2026, driven by a record 32.8% surge in fuel prices following the closure of the Strait of Hormuz. Markets now expect a 76% chance of an RBA rate hike in May.
Woolworths Group reported Q3 sales of A$18.10 billion, beating expectations, but shares dropped nearly 10% as the company warned that rising fuel costs and geopolitical tensions will impact profit margins.