Global Markets

PRE-MARKET AUSTRALIAN AND SOUTH KOREAN STOCKS NEWS: IDP Education (IEL AT) rejected two takeover offers from Blackstone, including a second bid valuing the Co. at AUD 696mln

StockNow breaking-news AI analysis

IDP Education rejected Blackstone's takeover bids, while Capricorn Metals and Macquarie completed key operational and financing milestones. South Korea reported cautious earnings expectations for Samsung alongside multilateral diplomatic initiatives.

News detail

AUSTRALIA Capricorn Metals (CMM AT) - Co. completed the Karlawinda Expansion Project, with the new plant reaching its targeted 6.5mln tonnes per annum throughput on schedule. (Motley Fool) IDP Education (IEL AT) - Co. rejected two takeover offers from Blackstone, including a second bid valuing the Co. at AUD 696mln. (The Australian) Iluka Resources (ILU AT) - Co. Nonexecutive Director Peter Smith will retire effective September 23 and is considering the appointment of a new nonexecutive director. (Dow Jones Newsplus) Macquarie Group (MQG AT) - Co. secured AUD 1.45bln through a bond issue that generated AUD 3bln in investor demand. (The Australian) Myer Holdings (MYR AT) - Co. FY (AUD) net loss 276.5mln (prev. loss 211mln Y/Y), rev. rose 11.3% Y/Y to AUD 4.1bln, final dividend nil. (Capital Brief) Nufarm (NUF AT) - Co. expects FY26 underlying EBITDA to rise about 25% Y/Y to AUD 370-380mln, leverage to decline to roughly 2.0x and Seed Technologies to deliver strong underlying EBITDA growth; strategy refresh is progressing to plan, with AUD 50mln in run-rate cost savings targeted by end-FY27 and FY26 post-tax material items of AUD 90-110mln related to the strategy refresh and cost-reduction programme. (Dow Jones Newsplus) REA Group (REA AT) - Co. appointed former AMP Bank CEO Sally Bruce as an independent nonexecutive director, effective November 2. (Dow Jones Newsplus) Tuas (TUA AT) - Co. FY26 (SGD) EBITDA rose 22% Y/Y to 83.7mln, rev. rose 24% Y/Y to 187.6mln. (Motley Fool) SOUTH KOREA Samsung Electronics (005930 KS) - Kiwoom Securities said the Co.’s Q3 operating profit is likely to fall short of earlier expectations, citing a faster-than-expected decline in USD/KRW and a smaller-than-expected increase in commodity DRAM prices. (ChosunBiz) Geopolitical South Korea is seeking multilateral talks to formally end the Korean War and supports a phased approach to North Korean denuclearisation, beginning with a halt to nuclear and missile advances, followed by reductions and ultimately denuclearisation. (ChosunBiz)

2 stocks

What do investors think?

Curious what other investors think?Log in to see reactions and join the conversation.
Log in to view reactions

StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.

Today's market highlights

A selection of stories drawing attention in the market.

See more