2h ago
Peet FY26 net operating profit jumps 77% to $103.4 million as fully franked dividend rises 68%
Australian property developer Peet Ltd reported FY26 results, with net operating profit up 77% year-on-year to $103.4 million and operating earnings per share also up 77% to 22.1 cents. Total FY26 fully franked dividends rose 68% to 13.0 cents per share. Revenue increased 3% to $450.2 million and EBITDA climbed 54% to $162.8 million, lifting the margin to 36%. The company said the performance was supported by strong project sales in Western Australia and Queensland and a robust development pipeline.
2h ago
3h ago
Gold hits highest since May 14 as Treasury buyback news lifts prices
Gold rose on Tuesday after news about U.S. Treasury buybacks supported demand. Spot gold gained 0.6% to $4,676.75 an ounce and touched its highest since May 14, while futures climbed 0.8% to $4,734.50. Markets are watching upcoming U.S. inflation data and remarks from the Federal Reserve chair for clues on interest rates. Citi on Monday lifted its 0-to-3-month gold target to $4,800 an ounce and kept its 6-to-12-month target at $5,000, citing easing Strait of Hormuz tensions, lower real rates and a less hawkish Fed.
3h ago
4h ago
India’s 2026 monsoon shortfall hits key rainfed states, raising risks to tur, soybean and maize output
India’s 2026 monsoon has been below average and unevenly distributed, putting major rainfed belts in Madhya Pradesh, Maharashtra and other states under acute rainfall stress. That pattern raises the risk of crop- and region-specific yield losses in tur, soybean and maize rather than a broad-based nationwide output collapse. Inflation data underscore the sensitivity: retail CPI rose to 4.45% in July 2026 and food inflation reached 5.52%. The combination has intensified concerns about potential food-supply disruptions and related price pressures.
4h ago
5h ago
Nifty50 ends at 24,219 as Hindustan Copper OFS and TCS €1.25 billion Porsche deal put stocks in focus
Indian equities closed slightly lower, with the Nifty50 ending at 24,219, down 33 points. The government plans to sell up to 6% in Hindustan Copper through an offer for sale at a roughly 10% discount. Tata Consultancy Services said Porsche AG has signed a five-year strategic deal with MHP and TCS valued at €1.25 billion. ICICI Bank priced $1 billion senior unsecured notes.
5h ago
6h ago
Thai baht and gold climb to near three-month highs as dollar sentiment weakens
Thailand’s baht and gold prices rose to their highest levels in nearly three months as sentiment toward the U.S. dollar stayed weak. The U.S. Treasury’s debt buyback operation failed to ease market worries about rising national debt and persistent fiscal deficits, leaving the dollar hovering near multi-month lows. The baht touched 32.85 per dollar on Monday, while spot gold climbed to $4,346.36 an ounce, its highest since mid-May.
6h ago
7h ago
AUB Group posts record FY26 underlying NPAT of $224.6 million and lifts final dividend to 71 cents
AUB Group reported FY26 underlying net profit after tax (NPAT) of A$224.6 million, up 12% year on year. The company raised its fully franked final dividend to 71 cents per share, taking the full-year dividend to 98 cents, up 7.7%. Underlying earnings per share increased to 183.69 cents. Leverage remained at 2.30x, with A$330.5 million of accessible liquidity at period end.
7h ago