1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
Preparing video
ASIC will impose a $150-million capital charge on the stock market operator, the ASX (ASX: ASX). That's in response to an interim report by ASIC which identified serious shortcomings at the ASX. The report found that ASX's focus on short term financial performance had compromised its role as critical national market infrastructure. The ASX has agreed to take actions including reconstituting its clearing and settlement boards, introducing stronger service level standards, and resetting its stalled technology transformation. The ASX says it will lower its dividend payouts to support the ASIC reforms.
Auckland Airport (ASX: AIA) says international passenger numbers rose in November despite a modest pullback in capacity. Passenger movements rose by 3 percent from November last year to 885,000. Short haul international passenger numbers rose 5 percent. Meanwhile, domestic passenger numbers fell 1 percent in November compared to a year earlier.
Fortescue Metals (ASX: FMG) plans to buy the remaining 64 percent of Alta Copper that it doesn't already own. FMG will pay $139-million Canadian dollars for the copper explorer or $1.40 Canadian a share. Alta Copper owns a copper project in northern Peru, which has the potential for a long life operation. FMG says the transaction is consistent with its critical minerals strategy.
And DigiCo Infrastructure REIT (ASX: DGT) says security holders will get a distribution of 6-cents per security for the first half of the financial year. The payment date will be late February.
Woolworths (ASX: WOW) says it will defend a class action in the Federal Court against staff underpayments. The proceedings relate to potential team member underpayments in South Australia that deemed Sundays to be public holidays. The legislation has since been repealed.
Tyro Payments (ASX: TYR) will buy AI financial platform Thriday, which helps small and medium sized businesses with cashflow. The tool helps SMEs automate invoicing, expense management, accounting and banking workflows. The move aligns with Tyro's strategy to expand its banking and payment offerings for small businesses.
Westgold Resources (ASX: WGX) will demerge its Reedy and Comet gold assets into a new ASX listed company. The initial public offering of the new firm, Valiant Gold, is planned for the March quarter. Valiant plans to raise $65 to $75-million dollars via the IPO and Westgold will retain an up to 48 per cent stake.
