4h ago
AMP flags A$170–A$180 million first-half FY2024 underlying net profit, shares hit A$1.89
AMP Ltd (ASX: AMP) issued a positive earnings outlook, forecasting FY2024 first-half underlying net profit of A$170–A$180 million, about 30% higher year on year. The company attributed the upgrade to a stronger contribution from its China business, improved investment income, and a one-off A$13 million carried-interest payment. AMP said it has completed a A$150 million share buyback and reiterated its commitment to returning capital. The update pushed the stock to an intraday high of A$1.89 before it closed at A$1.76, up 2%, ahead of its August 6 half-year results release.
4h ago
7-13
AGL Energy drops 5.10% to A$8.01 after Macquarie downgrades stock and cuts target to A$7.75
AGL Energy (ASX: AGL) fell 5.10% to A$8.01 after Macquarie downgraded the stock from “neutral” to “underperform” and cut its price target to A$7.75. The broker cited an oversupplied National Electricity Market and wholesale power prices near five-year lows. Macquarie now expects a recovery in wholesale prices to be pushed back to FY31 and sharply reduced its FY28 and FY29 earnings forecasts, according to The Australian.
7-13
7-13
Dateline Resources jumps 33.33% to 18 cents after US DOJ backs Colosseum mine rights in court filing
Dateline Resources Ltd (ASX: DTR) rose 33.33% to 18 cents after the US Department of Justice filed documents opposing a legal challenge tied to its Colosseum gold and rare earths project in California. The DOJ said the National Park Service’s April 2025 letter merely confirmed existing mining rights rather than granting a new approval, and argued laws introduced in 1994 protect the project’s approved mine plan. Colosseum is the company’s key asset, with its bankable feasibility study estimating a pretax value of US$785 million and an IRR of 49.5%. The filing reduces a central legal uncertainty, though the court will still decide the case.
7-13
7-10
Elevra Lithium slips 4.54% despite June-quarter output of 54,479 tonnes
Elevra Lithium (ASX: ELV) reported FY26 June-quarter output of 54,479 tonnes, its second-highest quarterly result, but sales were 33,977 tonnes and end-period inventory rose to about 40,863 tonnes. The company said its realised lithium price averaged just US$919 per tonne, well below the current spot market, because sales were priced under legacy contracts linked to average market prices from October 2025 to March 2026. The shares fell 4.54% on the day, underperforming the broader market.
7-10
7-10
Bravura Solutions shares jump 13.17% to $2.32 after FY26 cash EBITDA guidance lifted to about $77 million
Bravura Solutions (ASX: BVS) raised its FY26 cash EBITDA forecast to about $77 million, up from its prior $69 million to $73 million range, while keeping revenue guidance unchanged at $280 million to $285 million. The company attributed the upgrade to steady demand for project work and tighter cost control. BVS shares climbed 13.17% to $2.32, outperforming the S&P/ASX 300 Index (ASX: XKO), which was up 0.1% to 8,705 points. Bravura is due to release its full-year result on 12 August.
7-10
7-10
Ingenia Communities Group shares halted on ASX from 10 July 2026 pending further announcement
Ingenia Communities Group (ASX: INA) shares were halted on the Australian Securities Exchange from 10 July 2026 while the company prepares a further announcement. No earnings or financial metrics were included with the notice, and the specific subject of the upcoming update was not disclosed. The halt is described as a standard ASX process intended to support orderly trading and fair disclosure. The pause will remain in place until Ingenia releases its next announcement.
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7-10
7-9
Pantoro Gold shares slide 20.59% to $1.755 after FY26 output miss and higher-cost FY27 outlook
Pantoro Gold Ltd (ASX: PNR) reported FY26 gold production of 77,408 ounces, below expectations, citing weaker contractor performance at the OK and Scotia underground mines, labour shortages and disruption from ground pressure and seismic activity. For FY27, the company guided to 90,000 to 105,000 ounces with all-in sustaining costs (AISC) of $2,800 to $3,400 an ounce, with only 40% to 45% of annual output expected in the first half. The stock fell 20.59% to $1.755, extending declines to about 34% over the past month and 64% since the start of 2026.
7-9
7-9
Cobre shares slide 10.61% after $90 million placement priced at 30 cents
Cobre Ltd (ASX: CBE) said it has secured firm commitments to raise $90 million before costs via a two-tranche placement of about 300 million new shares at 30 cents each, a 9.1% discount to its last close. The second tranche of $18 million is subject to shareholder approval at an extraordinary general meeting expected in late August or early September. The company said proceeds will primarily support its Sierra Atacama Copper Project in Chile, alongside debt repayment, plant upgrades and additional drilling. After the announcement, shares fell 10.61% to 29.5 cents, despite being up 195% since the start of 2026 and about 640% over the past year.
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