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Utilities

ALS Shares Slide Over 9% on Surprise Equity Raising and Analyst Downgrades

Shares ofALS Limited (ASX:ALQ)plunged as much as9.3%in Wednesday trading, hitting a low ofAU$16, the stock’s weakest level since 28 April. The sharp decline followed the company’s announcement of aAU$350 million equity raising, which it said would be used to fund developments across its four …

Team Kalkine | 28 May 2025

Macquarie Upgrades Telstra to ‘Outperform’ on $4.5 Billion Cost-Cutting Strategy

Macquarie has upgraded its investment rating on Telstra Group Limited from 'neutral' to 'outperform' following the telecommunications company's announcement of a new five-year strategy featuring $4.5 billion in cost reductions.

Team Kalkine | 28 May 2025

Citi Cuts Elders Target Price Amid Dry Conditions, Retains Buy Rating

Citi has reduced its target price for agriculture and real estate group Elders (ASX:ELD) to $8.60, down from $9.75, following a challenging first half of the year marked by dry conditions in South Australia and Victoria. Despite the cut, Citi maintained its 'buy' rating …

Team Kalkine | 27 May 2025

Auckland Airport Adjusts Airline Fees Amid Regulatory Pressure: Macquarie Sees 11% Upside

The share price ofAuckland International Airport Ltd (ASX:AIA)has dropped more than 7% in 2025, but analysts say recent regulatory developments and subsequent pricing changes could reshape its financial outlook.

Team Kalkine | 27 May 2025

Elders Shares Slump Despite Doubling Profit on Livestock Rebound

Elders Limited (ASX:ELD) released its half-year result, reporting a 190% jump in statutory profit after tax on the back of increased livestock prices and improved margins. However, the upbeat financials failed to impress the market, with the company’s shares tumbling 7.58% to AU$6.10 in …

Team Kalkine | 26 May 2025

Nufarm Defends Disclosure Compliance Amid Sharp Share Price Fall

Agricultural chemicals company Nufarm Ltd (ASX:NUF) has pushed back against suggestions it breached continuous disclosure obligations after its half-year earnings report triggered a sharp 33% fall in its share price.

Team Kalkine | 26 May 2025

Dexus Shares Slide as Legal Tussle with Airport Operator Raises Uncertainty

Dexus Ltd (ASX:DXS) shares tumbled by 3.3% to AUD 6.98 during Wednesday trading, hitting their lowest level since April 11. This marks the real estate investment trust’s largest intraday percentage decline since December 30, 2024, as investor sentiment weakens amid a legal dispute with …

Team Kalkine | 22 May 2025

HTAL Receives Takeover Bid from CK Hutchison Subsidiary at 52% Premium, Share Price up 57%

Hutchison Telecommunications (Australia) Limited (ASX:HTA) acknowledges receipt of an off-market takeover offer fromHutchison Telecommunications (Amsterdam) B.V. (HTABV), an indirect wholly-owned subsidiary ofCK Hutchison Holdings Limited (CKHH).

Team Kalkine | 22 May 2025

James Hardie Shares Slide Over 5% on Earnings Drop Despite FY26 Growth Forecast

Shares of James Hardie Industries Plc (ASX:JHX) fell sharply on Wednesday, dropping as much as 6% to AU$36.90, marking their lowest intraday level since May 8. The stock was last trading down 5.2%, positioning it among the top losers on the S&P/ASX 200 Index.

Team Kalkine | 21 May 2025

WebJet Swings to Profit Post-Demerger Despite Revenue and Booking Declines

Online travel agency WebJet (ASX:WEB) has posted a net profit after tax of $5.1 million for the financial year ending March 2025 — marking a return to profitability in its first full-year result since demerging from business-travel unit Web Travel Group in 2024.

Team Kalkine | 21 May 2025
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