Fonterra raises earnings and milk collection forecasts for FY25
Fonterra Co-operative Group Ltd has indicated that its earnings for the 2025 financial year are expected to be in the upper half of its previously forecast range of 40 to 60 cents per share.
Alcoa reports $231m net loss as production, shipments decline in Q1
Australian mining firm Alumina Limited announced Alcoa Corporation’s Q1 earnings results, revealing a loss of $231 million, which is a significant contrast to the profit the company recorded in the same period a year earlier, owing to a decrease in shipments and production.
Orbital UAV to raise $4M to boost engine development programs
Orbital UAV is raising $4 million through the issue of approximately 28.6 million new fully paid ordinary shares at an issue price of $0.14 per new share to support its existing engine development programs.
Weebit Nano raises $15 million in oversubscribed SPP
ASX-listed semiconductor developer Weebit Nano Limited has collected nearly $15 million in an upsized and scaled-back share purchase plan (SPP) for existing shareholders.
Manufacturing slips into contraction as inflation pressures mount, S&P Global says
Australia’s manufacturing sector moved back into contraction in March, according to data from S&P Global, with the downturn driven by weaker demand and rising cost pressures linked in part to geopolitical tensions.
Aussie dairy farmers poised for another profitable year despite expected price decrease
Australia’s dairy farmers are on track for a fifth consecutive year of profitability, despite forecasts of lower minimum farmgate milk prices for the upcoming season, according to a recent industry report.
Australian manufacturing PMI enters contraction territory in March
Australia’s manufacturing sector saw a mild decline in March, due to lower market demand that reduced output and inventory levels, marking the first PMI contraction since May 2020.
Austin Engineering anticipates 18% surge in 1H FY24 revenue
Global engineering firm Austin Engineering has shared positive news with a forecasted 18 per cent improvement in its first-half results for the financial year ending 30 June 2024 (1H FY24).
Ampcontrol buys Androck to support industry decarbonisation
Australian electrical engineering company Ampcontrol has acquired Hunter-based Androck Engineering & Mining to expand renewable energy manufacturing and boost the low-carbon economy transition.
Cicada Innovations signs partnership with India’s mach33.aero to bolster international space collaboration
Cicada Innovation’s National Space Industry Hub has ventured into a partnership with India-based deep tech incubator mach33.aero to establish a bilateral international space collaboration...
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