PRE-MARKET AUSTRALIAN STOCKS NEWS: Orica (ORI AT) is reportedly exploring a sizeable US mining chemicals acquisition
ORIGINAL · NewsquawkPRE-MARKET AUSTRALIAN STOCKS NEWS: Orica (ORI AT) is reportedly exploring a sizeable US mining chemicals acquisitionRead originalHide original
Cochlear (COH AT) - Co. reaffirmed FY27 guidance for low-single-digit constant currency revenue growth and underlying net profit of AUD 330-350mln, with trading through October in line with expectations and developed market cochlear implant volumes rising mid-single digits; expects modest developed market revenue growth in FY27, while North America President Lisa Aubert will step down and depart later this year. (Dow Jones Newsplus) Lendlease (LLC AT) - Co. commenced the redemption of AUD 1.22bln in outstanding bonds, expected to complete by end-November using a AUD 1.25bln committed standby facility, with post-redemption liquidity exceeding AUD 2.5bln and total redemption costs of AUD 57mln, comprising AUD 7mln in make-whole payments and AUD 50mln in hedge termination costs. (Dow Jones Newsplus) Orica (ORI AT) - Co. is reportedly exploring a sizeable US mining chemicals acquisition, although sources suggest a deal is not imminent. (The Australian) Westpac (WBC AT) - Co. reportedly recorded a 30% decline in new-build approvals, with its CEO calling for urgent measures to address Australia's housing crisis amid a downturn in construction lending. (The Australian) Property - Westpac and ANZ chiefs warned MPs that mortgage pain is just beginning. (AFR) Other News The Australian Taxation Office (ATO) is reportedly targeting business rollovers for audits, raising concerns among experts that the crackdown could disrupt billions of dollars in legitimate business transactions. (The Australian)
Orica is reportedly exploring a sizeable US mining chemicals acquisition, but sources suggest a deal is not imminent.
News detail
Cochlear (COH AT) - Co. reaffirmed FY27 guidance for low-single-digit constant currency revenue growth and underlying net profit of AUD 330-350mln, with trading through October in line with expectations and developed market cochlear implant volumes rising mid-single digits; expects modest developed market revenue growth in FY27, while North America President Lisa Aubert will step down and depart later this year. (Dow Jones Newsplus) Lendlease (LLC AT) - Co. commenced the redemption of AUD 1.22bln in outstanding bonds, expected to complete by end-November using a AUD 1.25bln committed standby facility, with post-redemption liquidity exceeding AUD 2.5bln and total redemption costs of AUD 57mln, comprising AUD 7mln in make-whole payments and AUD 50mln in hedge termination costs. (Dow Jones Newsplus) Orica (ORI AT) - Co. is reportedly exploring a sizeable US mining chemicals acquisition, although sources suggest a deal is not imminent. (The Australian) Westpac (WBC AT) - Co. reportedly recorded a 30% decline in new-build approvals, with its CEO calling for urgent measures to address Australia's housing crisis amid a downturn in construction lending. (The Australian) Property - Westpac and ANZ chiefs warned MPs that mortgage pain is just beginning. (AFR) Other News The Australian Taxation Office (ATO) is reportedly targeting business rollovers for audits, raising concerns among experts that the crackdown could disrupt billions of dollars in legitimate business transactions. (The Australian)
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