Star chair Anne Ward's other sharemarket dumpster fire
Less known is that Ward is also chairwoman of the ASX-listed Articore Group, the ecommerce operator of Redbubble. She joined as a director in 2018.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
AU Financial Review
14 minutes ago
- AU Financial Review
Brokers downgrade CSL, question vaccine spinoff plan
Brokers are rapidly rethinking the investment case for healthcare giant CSL after the ASX blue chip shocked investors on Tuesday with a lacklustre earnings report and plans to spin off its vaccines business, prompting a share price drop that erased more than $20 billion in market value.
News.com.au
2 hours ago
- News.com.au
Lunch Wrap: ASX up, but James Hardie crumbles and CSL keeps bleeding
ASX holds firm, miners sink James Hardie crashes, CSL keeps bleeding Papyrus triples after locking in a $4.2m contract By Wednesday lunch in the east, the ASX was up about 0.5%. Not bad, considering the Nasdaq got hammered 1.5% last night. Banks and real estate were doing the heavy lifting this morning. Every time talk of rate cuts circles, these two sectors get a little swagger back. JB HiFi (ASX:JBH) and its discretionary mates also caught a bid, because Aussies still seem happy to throw cash at gadgets. The mining sector, though, fell about 2%, with BHP (ASX:BHP) and Fortescue (ASX:FMG) slipping as China's outlook soured again. Iron ore prices remain soft, and investors are losing patience with the endless 'wait and see' narrative on Chinese stimulus. Building materials firm James Hardie (ASX:JHX), however, was the headline act, and not in a good way. Shares collapsed 26% at this time of writing after quarterly earnings plunged 60% and guidance disappointed. That's nearly three years of gains wiped out in a morning, proof that one weak quarter can knock the house down faster than a dodgy reno job. CSL (ASX:CSL), once the 'set and forget' darling of the ASX, is now everyone's punching bag. The stock fell as much as 4% today, extending Tuesday's brutal 17% rout. In just 48 hours, more than $20 billion has been wiped. Not all doom and gloom, though. The The Lottery Corporation (ASX:TLC) jumped nearly 9%; ironic, given full year profits actually fell 12%. But who needs earnings when you can dangle four separate $100 million jackpots across Powerball and Oz Lotto in front of punters? Every time there's a giant jackpot, Aussies who'd normally baulk at spending an extra tenner at Woolies are happy to hand it over for a ticket. ASX large cap earnings wrap The earnings season is in full swing. Here are some of the other highlights: Magellan Financial Group (ASX:MFG) Magellan was the surprise riser, up 6% despite a 31% full year profit slide. The dividend cheered investors, who seem happy to overlook the earnings wobble as long as cash keeps flowing. Breville (ASX:BRG) Breville couldn't keep investors interested even with record coffee machine sales. Shares fell 3% as management warned of 'significant' US cost pressures. Transurban Group (ASX:TCL) The toll operator rose 3% despite profits halving for the year. Toll roads are the ultimate annuity. Motorists grumble, but no one's ditching the freeway for a back road. Cleanaway (ASX:CWY) Cleanaway, meanwhile, was trading flattish despite a strong a full year net profit of $289.5 million, up nearly 30% from a year earlier. Rubbish might be recession-proof, but investors weren't in the mood to pay up for it today. Bendigo and Adelaide Bank (ASX:BEN) And, Bendigo Bank dipped 0.5% as news of a hefty impairment and branch closures stung regional communities. Add to that $9 million in restructuring costs from shutting 10 corporate branches, as well axing 100+ roles. ASX LEADERS Today's best performing stocks (including small caps) intraday: Security Description Last % Volume MktCap PPY Papyrus Australia 0.032 220% 17,550,348 $6,028,817 BEL Bentley Capital Ltd 0.015 50% 564,545 $761,279 OVT Ovanti Limited 0.012 50% 194,988,743 $34,194,589 PIL Peppermint Inv Ltd 0.003 20% 200,000 $5,828,525 PRX Prodigy Gold NL 0.003 20% 4,570,000 $16,854,657 AQX Alice Queen Ltd 0.004 33% 33,458,988 $4,154,089 RC1 Redcastle Resources 0.012 33% 3,991,411 $6,692,102 SMS Starmineralslimited 0.050 28% 8,132,773 $7,297,159 ESK Etherstack PLC 0.600 28% 274,846 $62,374,641 LGL Lynch Group Holdings 2.170 24% 4,716,550 $213,615,696 I88 Infini Resources Ltd 0.235 24% 195,421 $9,950,304 EM2 Eagle Mountain 0.006 20% 126,390 $5,675,186 SPQ Superior Resources 0.006 20% 833,333 $11,854,914 ROG Red Sky Energy. 0.004 17% 271,495 $16,266,682 SNX Sierra Nevada Gold 0.029 16% 799,468 $4,116,478 HMC HMC Capital Limited 3.790 16% 4,606,176 $1,349,253,440 BPH BPH Energy Ltd 0.015 15% 6,603,219 $15,837,027 Papyrus Australia (ASX:PPY) tripled after locking in a binding three-year, $4.2m contract with TBS Mining Solutions, a unit of Aquirian, to supply a biodegradable version of TBS's Collar Keeper. The boards will be made in Adelaide using Papyrus's patented waste-to-board tech, with production slated to start once the new site is commissioned in Q4 FY26. Testing has already been ticked off, and both parties aim to sign a definitive agreement by October. Ovanti (ASX:OVT) has signed a 3-year partnership with NYSE-listed Shift4 Payments to launch its BNPL services across the US. Shift4 processes over US$260bn annually and serves more than 200,000 businesses, with Ovanti's model set to roll out to over 100,000 merchants in North America. The deal marks Ovanti's first major US agreement and a foundation for its BNPL expansion. Alice Queen (ASX:AQX) has wrapped up its maiden drilling and sampling program at the 100%-owned Viani gold project in Fiji, with results pointing to a potentially very large, high-grade epithermal system running for about 5km. The first two holes hit pay dirt: 17.6 g/t Au in 24VDD001 and 26.4 g/t Au in 25VDD002. This proves the high-grade gold continues to depth, around 175m below surface. Follow-up holes returned more modest grades but confirmed the structure. Redcastle Resources (ASX:RC1) has struck a JV with Kalgoorlie's BML Ventures to fast-track gold production at its Queen Alexandra and Redcastle Reef deposits, with BML funding all costs to first revenue and running the mining. It's also snapped up the 72km² TBone Belt, lifting its landholding six-fold to ~85km², including multiple mining leases and historic workings. A $4m raise at 0.9c a share, with $1.5m from BML, locks in the funding. ASX LAGGARDS Today's worst performing stocks (including small caps) intraday: Code Name Price % Change Volume Market Cap BCC Beam Communications 0.120 -33% 457,341 $15,555,946 JHX James Hardie Indust 32.635 -26% 4,933,503 $19,061,852,064 STP Step One Limited 0.510 -26% 3,076,716 $126,958,099 ADG Adelong Gold Limited 0.004 -20% 927,001 $11,584,182 AOA Ausmon Resorces 0.004 -20% 12,554,556 $6,556,067 VRC Volt Resources Ltd 0.004 -20% 670,000 $23,424,247 FNX Finexia Financialgrp 0.115 -18% 327,863 $8,722,555 LMS Litchfield Minerals 0.100 -17% 46,808 $3,971,527 RGT Argent Biopharma Ltd 0.125 -17% 175,474 $10,827,473 TAS Tasman Resources Ltd 0.015 -17% 36,007 $5,028,349 ATV Activeportgroupltd 0.020 -17% 5,252,533 $16,487,450 DTM Dart Mining NL 0.003 -17% 3,571,166 $3,594,167 VEN Vintage Energy 0.005 -17% 157,000 $12,521,482 ZNC Zenith Minerals Ltd 0.055 -17% 483,049 $34,944,063 HVY Heavymineralslimited 0.280 -16% 108,753 $22,668,978 C1X Cosmosexploration 0.067 -16% 500,985 $8,568,862 BLG Bluglass Limited 0.012 -14% 1,770,888 $36,069,962 JAY Jayride Group 0.006 -14% 3,420,769 $9,995,224 IN CASE YOU MISSED IT Pioneer Lithium (ASX:PLN) has lit up big radiometric anomalies at its Skull Creek uranium project in Colorado, pointing to large-scale mineralisation potential just as US policy swings toward securing domestic supply, with drilling targets now being locked in. Tylah Tully takes stock of a series of high-grade Brightstar Resources (ASX:BTR) gold hits across multiple deposits at a Sandstone project which c ontinues to grow in prominence in the East Murchison region of Western Australia.
Perth Now
2 hours ago
- Perth Now
Aussie company's big call amid tariff chaos
Australian coffee machine manufacturer Breville has confirmed it will move more of its production away from China to Mexico, Indonesia and other zones in a stark example of Donald Trump's power to reorganise world trade. The ASX-listed $5bn manufacturer confirmed the dramatic change in its latest results for the 2025 financial year, crediting the threat from the US President's new tariff regime for its decision to pursue and extend a 'manufacturing diversification program'. Mr Trump has slapped harsh new tariffs on goods imported into the US from China to correct what he sees as unfair trade practices. Breville CEO Jim Clayton told the market on Wednesday morning that manufacturing locations were emerging in Mexico and Southeast Asia to 'complement China'. The company manufactures kitchen appliances in China and its largest market is the US, leaving it vulnerable to tariff shocks. A tariff is a tax placed on imports and for manufacturers, it raises the price of their goods for their consumer base. Breville sells kitchen appliances - including its popular coffee machine range - in markets across the world. Breville Credit: Supplied Despite the move into Mexico and Indonesia, the company said in its guidance for the next financial year that it would remain exposed to tariff uncertainty and the taxes would likely hit the business. 'Diversification of manufacturing for 120-volt product is progressing well. However, the tariffs impacting these new locations are becoming clearer, but remain subject to change,' the company said. 'Based on the current fact set, the group will face a significant input cost increase in 2026 and 2027 for US-based sales. 'In the face of this challenge, we are actively pursuing cost mitigants including (free on-board) reductions, diversified sourcing locations, distribution channel adjustments and taking price where appropriate.' The US has also put hefty tariffs on Mexico and Indonesia of 25 per cent and 19 per cent respectively. Breville said it was 'too early to predict' how global trade would develop in the next 12 to 18 months, but there would 'undoubtedly' be higher input costs for US products coupled with 'potential second- and third-order effects globally'. The company said its diversification push would extend into 2026 and 2027. Breville reported healthy profits for 2025, which it credited to a 'tactical pull forward of US inventory' to avoid Mr Trump April tariff announcement. Revenues lifted 10.9 per cent to hit $1.7bn, while net profits after tax jumped 14.6 per cent to $135.9m. Earnings before interest, tax, depreciation and amortisation also lifted 10.8 per cent to $271.9m. Shareholders will receive a dividend of 37c per share for the year, the company said. Shares in the company tumbled 4.2 per cent in morning trade to $35.09 a share, wiping out some $217m from its market value. The business held $105.7m in cash as of June 30. Alongside coffee machines, Breville also produces juicers, blenders, ovens, air purifiers and microwaves.
