2h ago
CSL faces 18 August FY26 result as shares slide 52% across FY26
CSL will release an FY26 earnings update in August 2025 showing revenue of US$8.3 billion, down 4% year on year, and underlying NPATA of US$1.9 billion, down 7%. The stock is down 52% across FY26, making it one of the worst performers in the ASX 200. The company also announced large-scale job cuts, plans to demerge its influenza vaccine business, and expects about US$5 billion in noncash, pretax impairments across FY26–FY27. The developments have weighed on sentiment toward ASX 200 constituents and broader market mood.
2h ago
2h ago
U.S. stocks rally after Trump cancels planned Iran strikes; Dow ends at record 53,178
U.S. stocks surged as markets reacted to expectations of a shift in Trump’s policy stance. The Dow closed at a record 53,178, while the S&P 500 rose 1.5% to 7,600 and the Nasdaq gained 2.1%. WTI crude futures fell more than 6% to $79.49 a barrel and Treasury yields declined across maturities. Boeing shares rose nearly 5% after its second-quarter results pointed to improving earnings and cash flow, and 77% of companies have beaten expectations.
2h ago
3h ago
Intesa Sanpaolo cuts iShares Bitcoin Trust ETF call exposure 99.3% in Q2 and triples staked Ethereum ETF stake
Intesa Sanpaolo rebalanced its crypto-related ETF holdings for the quarter ended June 30, sharply reducing exposure tied to the iShares Bitcoin Trust ETF. The underlying-share amount for its IBIT call position fell 99.3% and its IBIT common-share holding dropped 93.7%, while its iShares Staked Ethereum Trust ETF position rose to 349,600 shares, slightly more than tripling. It also nearly exited the Bitwise Solana Staking ETF and kept its Grayscale XRP Trust ETF position unchanged. The changes were disclosed in the bank’s U.S. SEC Form 13F filing.
3h ago
3h ago
U.S. private residential construction spending slips 0.3% in June to $877.1 billion SAAR as remodeling revised lower
U.S. private residential construction spending fell 0.3% in June to a seasonally adjusted annual rate (SAAR) of $877.1 billion, down 4.7% from a year earlier, according to the U.S. Census Bureau. Remodeling spending edged up 0.1% on the month but was 7.2% lower than a year earlier, while multifamily construction outlays slipped 0.7% from May and 1.5% year over year. The data point to fading momentum in residential investment, adding pressure on related traditional assets.
3h ago
3h ago
P N Gadgil Jewellers prices QIP at ₹609 a share, 4.95% below floor price
P N Gadgil Jewellers has completed a Qualified Institutions Placement (QIP) at an issue price of ₹609 per share, a 4.95% discount to the floor price of ₹640.69. The company allotted 11,494,252 shares under the placement. The fundraise was approved by the board in July 2025 and cleared by shareholders via a special resolution in August 2025, with pricing and allotment completed on July 30, 2026. The company said the QIP is a routine equity fundraise and does not involve any major operational change or regulatory event.
3h ago