1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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Santos's Barossa LNG project in the Timor Sea is beginning production operations. Santos (ASX: STO) says recent testing demonstrates a production capacity exceeding pre-drill estimates. The Northern Territory Environmental Authority has renewed Santos's license for its Darwin LNG project. The development comes in the wake of the the collapse of the $36 billion takeover deal last week.
Elsewhere - Newmont (ASX: NEM) has sold its 13% holding in Orla Mining, a North American gold explorer. CEO Tom Plamer says Newmont is streamlining its equity portfolio, and that the sale will bring an additional US$439 million in cash.
And looking at IDP Education (ASX: IEL) as one of its director just bought an additional 4,000 shares for a total value of $22,000.
Regis Healthcare (ASX: REG) expects earnings to grow 3 to 7% in FY26. The company points to a positive impact from the acquisition of Rockpool's aged care homes, as well as trading levels year to date. Regis Healthcare still notes a negative impact for staffing costs due to the Government's update of the residential age care funding system.
Elsewhere - Reece (ASX: REH) is targeting a $250 million off-market share buyback. CEO Peter Wilson says the company has a "strong" balance sheet and remains optimistic for the long-term, despite short term headwinds. In its FY25 results, the plumbing company called the US market "constrained" with US housing facing affordability challenges.... as well as a slow recovery in Australia New Zealand.
Reserve Bank of Australia governor Michele Bullock says recent interest rate cuts are starting to flow through to the economy, pointing out that the obvious place that's evident is in the housing market with a pick-up in housing credit growth.
ASIC has called on industry bodies to lift their standards across Australia’s private credit sector following expert observations on better and poorer practices
