Tag #Asx

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smh.com.au

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Sep 12, 04:16

Virgin Australia CEO Jayne Hrdlicka Receives $50 Million Payout

Former Virgin Australia CEO Jayne Hrdlicka received over $50 million in cash and shares upon her departure in March 2024, months before the airline's relisting, highlighting lucrative executive compensation practices in the airline industry.

Virgin Australia CEO Jayne Hrdlicka Receives $50 Million Payout

Former Virgin Australia CEO Jayne Hrdlicka received over $50 million in cash and shares upon her departure in March 2024, months before the airline's relisting, highlighting lucrative executive compensation practices in the airline industry.

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What was the total value of Jayne Hrdlicka's departure package from Virgin Australia, and what were its components?

Hrdlicka's departure package totaled over $50 million. This included cash payments exceeding $20 million (with $18.4 million in short-term incentives payable this month) and 10.244 million shares worth approximately $33 million at the time of the response, obtained through a 2021 management equity plan.

smh.com.au

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Aug 7, 10:16

ASX Shares Plunge 9% Amidst $400 Million Error and Regulatory Inquiry

The ASX incurred extra costs of $25–$35 million due to a corporate regulator inquiry, compounded by a $400 million error involving TPG Telecom and the potential arrival of competitor Cboe, causing a 9 percent drop in ASX shares.

ASX Shares Plunge 9% Amidst $400 Million Error and Regulatory Inquiry

The ASX incurred extra costs of $25–$35 million due to a corporate regulator inquiry, compounded by a $400 million error involving TPG Telecom and the potential arrival of competitor Cboe, causing a 9 percent drop in ASX shares.

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What are the immediate financial and reputational consequences for ASX resulting from the recent operational failures and regulatory inquiry?

The ASX faces a $25-35 million cost from a corporate regulator inquiry into operational issues, following a $400 million error involving TPG Telecom and the potential entry of a competitor, Cboe. ASX shares dropped 9 percent, closing at $64.22. This follows an earlier error where the ASX incorrectly linked TPG Capital's announcement to TPG Telecom, causing significant market disruption.

smh.com.au

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May 19, 01:11

Moody's Downgrade to Impact Australian Sharemarket

Moody's downgraded the US credit rating to Aa1 from Aaa, prompting concerns about rising debt and deficits; the Australian sharemarket is expected to open lower on Monday, with ASX 200 futures pointing to a 0.1 percent decline, while the Australian dollar fell to 64.11 US cents.

Moody's Downgrade to Impact Australian Sharemarket

Moody's downgraded the US credit rating to Aa1 from Aaa, prompting concerns about rising debt and deficits; the Australian sharemarket is expected to open lower on Monday, with ASX 200 futures pointing to a 0.1 percent decline, while the Australian dollar fell to 64.11 US cents.

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What are the potential long-term consequences of the Moody's downgrade on global economic growth and investment patterns?

The impact of this downgrade extends beyond immediate market fluctuations. Future implications include potential increases in borrowing costs for the US government and increased uncertainty in global financial markets. This could lead to further adjustments in investment strategies and potentially slower global economic growth.

smh.com.au

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Apr 23, 01:14

Australian Market Set to Jump on US Trade Deal Optimism

The Australian sharemarket is predicted to surge following a significant rally in US stocks overnight, driven by optimism surrounding potential trade deals between the US and its major economic partners, as reported by Bloomberg and other financial news outlets.

Australian Market Set to Jump on US Trade Deal Optimism

The Australian sharemarket is predicted to surge following a significant rally in US stocks overnight, driven by optimism surrounding potential trade deals between the US and its major economic partners, as reported by Bloomberg and other financial news outlets.

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How did comments from US officials and news reports regarding trade negotiations influence market sentiment?

The market's positive shift is directly linked to reports suggesting progress in US trade negotiations with China, Japan, and India. Positive statements from the White House and US Treasury Secretary Scott Bessent, who predicted a de-escalation in the US-China tariff conflict, contributed to investor confidence. Lighter-than-usual trading volume following the Easter holiday may have amplified these price swings.

smh.com.au

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Jan 22, 10:08

Australian Market Rises on Tech Boom, Mining Concerns

The Australian sharemarket closed higher on Wednesday, with tech stocks surging 2.4% due to a new US$500 billion AI investment, while mining stocks fell on concerns over potential US tariffs on Chinese imports; the Australian dollar slightly decreased to US62.62¢.

Australian Market Rises on Tech Boom, Mining Concerns

The Australian sharemarket closed higher on Wednesday, with tech stocks surging 2.4% due to a new US$500 billion AI investment, while mining stocks fell on concerns over potential US tariffs on Chinese imports; the Australian dollar slightly decreased to US62.62¢.

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What was the net impact of President Trump's policy announcements on the Australian share market and specific sectors?

The Australian sharemarket closed higher on Wednesday, gaining 27.4 points (0.33%) to reach 8429.8 points. This was driven by a surge in the information technology sector, which rose 2.4%, offsetting losses in mining and energy. The Australian dollar slightly decreased to US62.62¢.

smh.com.au

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Jan 13, 01:07

Australian Share Market Set to Fall on Unemployment Concerns

Concerns about stronger-than-expected Australian unemployment figures and a weak lead from Wall Street, where US stocks fell due to worries that good news on the job market may be too good, are expected to cause the Australian share market to fall on Monday morning, with futures for the S&P ASX 200 ...

Australian Share Market Set to Fall on Unemployment Concerns

Concerns about stronger-than-expected Australian unemployment figures and a weak lead from Wall Street, where US stocks fell due to worries that good news on the job market may be too good, are expected to cause the Australian share market to fall on Monday morning, with futures for the S&P ASX 200 ...

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What is the primary factor driving the anticipated decline in the Australian share market on Monday?

The Australian share market is predicted to decline on Monday, influenced by Wall Street's Friday downturn and expectations of robust Australian unemployment figures. Futures for the S&P ASX 200 indicate a 0.86% or 71-point drop to 8208. The Australian dollar remains stable at US61.5 cents after a previous week's decline.

theguardian.com

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Aug 22, 13:20

Guzman y Gomez Posts Record Sales Amidst Doubling of US Losses

Despite doubling its US losses to A$13.2 million, Guzman y Gomez, an Australian Mexican-themed chain, reported record $1.181 billion in global sales and $14.5 million in net profit for the year to July 2024, announcing plans to open at least 15 more US restaurants despite investor concerns.

Guzman y Gomez Posts Record Sales Amidst Doubling of US Losses

Despite doubling its US losses to A$13.2 million, Guzman y Gomez, an Australian Mexican-themed chain, reported record $1.181 billion in global sales and $14.5 million in net profit for the year to July 2024, announcing plans to open at least 15 more US restaurants despite investor concerns.

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What is the immediate impact of Guzman y Gomez's US expansion strategy on its overall financial performance and investor confidence?

Guzman y Gomez, despite doubling its US losses to $13.2 million, achieved record overall sales of over $1 billion and a net profit of $14.5 million. The company plans to open at least 15 more US restaurants, aiming for $3 million in annual revenue per location. This expansion comes despite investor concerns reflected in a nearly 20% share price drop following the release of financial results.

smh.com.au

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Jun 4, 04:14

Virgin Australia Returns to ASX, Raising $685 Million

Virgin Australia, acquired by Bain Capital in 2020, is re-listing on the ASX at $2.90 per share, raising $685 million, with Bain Capital retaining a 40% stake and Qatar Airways holding 23.4%, marking a significant comeback for the airline following its 2020 administration.

Virgin Australia Returns to ASX, Raising $685 Million

Virgin Australia, acquired by Bain Capital in 2020, is re-listing on the ASX at $2.90 per share, raising $685 million, with Bain Capital retaining a 40% stake and Qatar Airways holding 23.4%, marking a significant comeback for the airline following its 2020 administration.

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What is the immediate impact of Virgin Australia's re-listing on the ASX?

Virgin Australia is re-listing on the ASX at $2.90 per share, raising $685 million and valuing the company at approximately $2.3 billion. This follows Bain Capital's acquisition in 2020 and subsequent sale of a 25% stake to Qatar Airways. The IPO is expected to reduce Bain Capital's stake to 40%.

smh.com.au

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May 9, 01:17

Flat Australian Market Open Despite Trump's Trade Deal Boost

Despite a positive Wall Street close fueled by Trump's trade deal announcements and bullish predictions, the Australian sharemarket is set for a flat open; ASX futures are up only 3 points. News Corp reported a 67 percent surge in third-quarter earnings, reaching $US107 million.

Flat Australian Market Open Despite Trump's Trade Deal Boost

Despite a positive Wall Street close fueled by Trump's trade deal announcements and bullish predictions, the Australian sharemarket is set for a flat open; ASX futures are up only 3 points. News Corp reported a 67 percent surge in third-quarter earnings, reaching $US107 million.

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What is the immediate impact of Trump's trade announcements and positive comments on the Australian sharemarket?

Wall Street's positive performance overnight, driven by Trump's trade deal announcements and comments on future negotiations, is expected to result in a flat open for the Australian sharemarket. ASX futures are slightly up, indicating limited immediate impact. News Corp's strong third-quarter earnings, a 67 percent jump to $US107 million, counterbalance this muted response.

smh.com.au

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Feb 24, 13:10

WiseTech Global Board Resigns Amid Founder's Scandal, $10 Billion Share Plunge

Four independent directors of Australian logistics giant WiseTech Global resigned due to "intractable differences" with founder Richard White, whose alleged inappropriate behavior towards multiple women caused a 20 percent share price drop and a $10 billion market capitalization loss; the Australian...

WiseTech Global Board Resigns Amid Founder's Scandal, $10 Billion Share Plunge

Four independent directors of Australian logistics giant WiseTech Global resigned due to "intractable differences" with founder Richard White, whose alleged inappropriate behavior towards multiple women caused a 20 percent share price drop and a $10 billion market capitalization loss; the Australian...

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How did the revelations about Richard White's personal conduct contribute to the boardroom crisis and subsequent share price decline?

The resignations highlight a conflict between maintaining corporate governance and preserving the control of founder Richard White, whose personal life controversies significantly impacted WiseTech's share price. The ASX inquiry into an unsigned consultancy agreement reflects concerns about transparency and potential market manipulation. The situation underscores the tension between a founder's influence and investor confidence in a publicly listed company.

smh.com.au

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Jan 20, 07:11

Ordell Confirms Gold Deposit at Barimaia, Plans Major Drilling Program

Ordell Mining confirms a shallow, open-pittable gold deposit at its Barimaia project, near three processing plants, planning a 5,000m drilling program in February to expand exploration of this significant gold system.

Ordell Confirms Gold Deposit at Barimaia, Plans Major Drilling Program

Ordell Mining confirms a shallow, open-pittable gold deposit at its Barimaia project, near three processing plants, planning a 5,000m drilling program in February to expand exploration of this significant gold system.

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What is the immediate impact of Ordell's confirmed gold deposit at the Barimaia project?

Ordell Mining has confirmed a shallow gold deposit at its Barimaia project, suitable for open-pit mining. This deposit is part of a larger, unexplored gold system and is conveniently located near three processing plants. A 5000m reverse circulation drilling program is planned for February to expand exploration.

smh.com.au

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Jan 10, 07:08

ASX Stock Surge: Sparc, Argent Biopharma Lead Market Gains

Sparc's share price soared to an 11-month high after announcing stage-two of its hydrogen JV, while Argent Biopharma jumped 64 percent following a successful US\$4.5 million capital raise; Australian Mines rose 60 percent on increased scandium resources; and Dimerix climbed 44 percent after a deal w...

ASX Stock Surge: Sparc, Argent Biopharma Lead Market Gains

Sparc's share price soared to an 11-month high after announcing stage-two of its hydrogen JV, while Argent Biopharma jumped 64 percent following a successful US\$4.5 million capital raise; Australian Mines rose 60 percent on increased scandium resources; and Dimerix climbed 44 percent after a deal w...

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What factors contributed to the significant share price increase of Sparc and Argent Biopharma this week?

Sparc, a hydrogen gas developer, saw its share price surge to an 11-month high of 33.5c after announcing the progression to stage two of its hydrogen JV. This involved a significant increase in trading volume, reaching 1.68 million shares compared to an average of less than 100,000 in the prior two months. Argent Biopharma also experienced a substantial share price increase of 64 percent to 28c following a successful US\$4.5 million share placement.

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