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Southern Cross Electrical (ASX:SXE) came back from a trading halt with a rare triple win: new contracts, higher earnings guidance, and a A$150m capital raising.
The new work includes early electrical works at a major Sydney data centre and a three-year deal with Rio Tinto in the Pilbara.
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Karoon shares fell almost 12% to A$1.64 after the company cut its 2026 production forecast.
A damaged oil field in the US Gulf of Mexico will not be fully fixed until late 2027, so this year's output will drop.
The good news: this is delayed oil, not lost…
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The RBA held the cash rate at 4.35% on 16 June, pausing after three hikes in 2026 but keeping a hawkish tone, with inflation still at 4.2%.
A steady, high rate helps the big banks in the short term, because it keeps their lending margins wide and supports franked dividends.…
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Materials were the best-performing ASX sector on Monday, up 3.8%
BHP (ASX:BHP) rose around 3.6% to a fresh all-time high of A$65.18, with Rio Tinto (ASX:RIO) up 2.7%
The rally was driven by rising copper, gold and iron ore prices after the Iran deal
Lower oil…
Micron (NASDAQ:MU) jumped about 11% on Monday to close near US$1,089, a record high. The stock is now up more than 700% over the past year and is worth more than a trillion dollars. Here is the strange part. It keeps climbing even as some experts warn it has gone too far, too fast. That…
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A weekend deal between the US and Iran to reopen the Strait of Hormuz and end the war removed the oil "war premium", sending Brent to a three-month low.
Cheaper oil lifted the broad ASX 200 (up about 1.5%), in line with a big rally across Asian markets.
Energy names…
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Vault shares traded around A$4.60 today, up 14.71%.
Vault remains on track to meet FY26 production guidance of 332,000 to 360,000 ounces.
The earlier unfranked maiden dividend of A$0.07 per share showed growing confidence in cash flow.
The Regis merger could create a gold producer with…
Accent Group (ASX:AX1) jumped almost 15% on Monday, hitting a high of A$0.75 after UK retail giant Frasers Group launched a surprise takeover bid. Here is the strange part: Frasers is only offering A$0.65 cash per share, which is exactly where Accent closed on Friday. That means the offer carries no premium at all, yet…
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Two rate decisions land in two days: the RBA on Tuesday and the US Fed on Wednesday. The bigger story for your portfolio is the Aussie dollar.
Australia's cash rate (4.35%) already sits above the US rate (a 3.50% to 3.75% range). If the RBA signals more hikes ahead while the…
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SpaceX just had the biggest IPO ever, and it has pulled attention back to space stocks.
Rocket Lab (NASDAQ: RKLB) is the clearest space company most investors can actually buy, and it joins the Nasdaq-100 on 22 June.
It is a real business with growing sales and a…
