Racura Oncology Surges on Trial Update
Racura Oncology (ASX: RAC) climbed 8.66 per cent on Friday to close at A$2.76, after the independent Safety Review Committee cleared the company to double the dosage level in its CPACS Phase 1 cancer trial. The first three patients in Cohort 1 showed no dose-limiting toxicities and remain alive…
ASX 200 Falls as Budget and DRO Hit Market
The S&P/ASX 200 closed Friday at 8,630.80, down 1.3% for the week and sitting at a five-week low. It was a choppy week pulled in three directions. The Federal Budget rewrote the rules on capital gains tax. DroneShield got hit with an ASIC probe. And on…
Federal Budget 2026 Changes Hit ASX Blue Chips
The Federal Budget delivered on 12 May 2026 included one of the most significant tax changes for Australian investors in over two decades. From 1 July 2027, the 50% capital gains tax discount that has applied since 1999 will be replaced by cost base indexation, paired with a…
Vicinity Centres Rises on Eastern Creek Deal
Vicinity Centres (ASX: VCX) shares jumped 1.62% to A$2.51 on Friday after the retail property giant announced a A$400 million deal to buy Eastern Creek Quarter (ECQ) from Frasers Property Australia. The site sits about 41 km from Sydney's CBD and packs more than 40,000 sqm of retail…
Electro Optic Systems Surges on MARSS Deal Update
Electro Optic Systems (ASX:EOS) climbed around 4.6% on Friday to A$8.86 after the company revised the terms of its MARSS acquisition and confirmed fresh Middle East defence contracts. The deal expansion lifts the earnout cap from €100 million to €140 million (around A$226 million), reflecting stronger confidence…
Worley (ASX:WOR) Launches A$300M Buyback on Nuclear Win
Worley (ASX:WOR) climbed 2.34% to A$12.25 on Thursday after the engineering services giant used its 2026 Investor Day to unveil a fresh A$300 million buyback, A$70 million in planned AI and digital investment, and a refreshed strategy through FY30. The announcement comes just one day after the…
The Federal Budget delivered on 12 May 2026 made one thing clear. From 1 July 2027, negative gearing on established homes will effectively be scrapped. Most coverage has focused on what investors lose. But the more interesting story for ASX investors is what stays. New builds keep their negative gearing AND the 50% capital gains…
Zip Co Shares Drop on Forced Rebrand
Zip Co (ASX:ZIP) shares dropped as much as 5% on Wednesday after the High Court ruled against the company in a long-running trademark fight with non-bank lender Firstmac. Zip now has just 28 days to stop using the "Zip" name in Australia, meaning a full rebrand of its local…
ASX Investors Face New CGT Rules in 2027
From 1 July 2027, Australia's 50% capital gains tax discount disappears for good. In its place comes a system based on inflation indexation, plus a 30% minimum tax rate on real gains. For ASX investors sitting on profitable positions, this raises a question worth thinking through carefully:…
Aristocrat Leisure Surges on A$1bn Buyback
Aristocrat Leisure (ASX:ALL) surged more than 13% today after delivering a strong half-year result and lifting its buyback by another A$1 billion. The company also raised its interim dividend to 50 cents per share. What makes the move stand out is the context. The stock had fallen around 17%…
