1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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BHP (ASX:BHP) saw record production at its iron ore mines in Western Australia for the first nine months of the financial year. Iron ore production rose 2 percent to 197-million tons as port bottlenecks eased. Quarterly iron production rose 3 percent even though tropical cyclones disrupted operations. However ore prices fell 2 percent for the three months. It made $4.8 billion us dollars from asset sales. It says annual copper copper production is expected to reach the upper end of its guidance range.
Cochlear (ASX:COH) has cut its FY26 earnings guidance to 290 to 330 million dollars - down from a previous range of 435 to 460 million dollars. Cochlear is pointing to softer trading conditions in developed markets since January, uncertainty from the Middle East conflict, and a stronger Australian dollar. Second-half sales growth is now expected to be between 2 and 6 percent in constant currency. The company says it will accelerate cost base reshaping and strengthen investment in the adult and seniors segment.
Bank of Queensland's (ASX:BOQ) cash earnings fell 4 per cent to 176 million dollars in the half year..It comes on statutory profit of $136 million dollars for the half year to February, down 20 per cent on the previous corresponding period. The bank has signed a capital partnership with Challenger, selling 3.7 billion dollars of equipment finance assets. Completion is expected between late April and early May, with capital returned to shareholders through a buyback and special dividend.
Ampol (ASX:ALD) has more than quadrupled its first-quarter margins from its Lytton refinery in Queensland -- as the Middle East conflict drove up global refiner margins in March. The country's top fuel retailer said its refining margins improved to $25.45 per barrel in the quarter, from $6.07 per barrel in the previous year. Ampol says suitable crude supply remains secure through July despite the global fuel shock, though at higher landed costs. Quarterly refinery production rose 10% year-on-year, rebounding from disruptions caused by Cyclone Alfred.
Meanwhile - Scentre Group (ASX:SCG) says it continues to closely monitor any impact the Middle East conflict may have on its business and FY outlook. Scentre Group saw total quarterly business partner sales rise 5% to $7 billion -- and has maintained its target for FFO to be at least 23.73 cents per security for 2026.
And Treasury Wine Estates (ASX:TWE) has announced it will transition to a new regional operating model from Octiver -- while also reaffirming its fiscal 2026 outlook. The new model splits operations into four regions: the Americas; Australia and New Zealand; Europe and Greater China; and emerging markets covering the rest of Asia, the Middle East and Africa.
