Market News

Defence industry company XTEK has updated its FY23 results guidance, anticipating record revenues for FY23 of between $86 million to $88 million up by circa 50 per cent compared to the previous recorded revenue of $58.2 million. 

New Zealand dairy giant Fonterra raised its fiscal 2023 earnings forecast today amid ongoing strong margins in protein and cheese portfolio and said it expects to pay a lower price for milk to its farmers next season. 

The global manufacturing sector experienced a further decline in December as a result of the downfall in output and new orders.  The latest J.P. Morgan...

ReNu Energy has completed its third tranche investment in battery casing technology company Vaulta Holdings valued at $250,000 through the exercise of options from the first two tranches made in January and April. 

ASX-listed battery manufacturer Altech Chemicals has unveiled its CERENERGY Sodium Alumina Solid State 60 kWh battery pack, ABS60.  

Eurozone’s PMI Composite Output Index saw a significant increase for the second consecutive month, increasing from November’s 47.8 to a four-month high of 48.8. 

Quickstep, a leading aerospace composite business in Australia, has partnered with ST Engineering’s Commercial Aerospace business to deliver nacelle maintenance, repair, and overhaul (MRO) across the complete range of Boeing and Airbus commercial aircraft in the Australasian market. 

Global mining equipment designer and manufacturer Austin Engineering has sold its first Mainetec-designed dipper bucket to a customer in the United States. 

Queensland-based nanomaterials company White Graphene Limited is slated to work with global manufacturing giant Boeing after winning the Sustainability in Space Pitch Competition and clinching $100,000 in funding. 

Waterco Limited has expanded its Asian operations with a newly opened branch in Vietnam.