PRE-MARKET AUSTRALIAN STOCK NEWS: HMC Capital (HMC AT) announced strategic seed acquisition of Neoen Victoria portfolio for AUD 950mln

ASX Ltd (ASX AT) - Co. November average daily number of trades rose 21% Y/Y and average daily futures volume rose 9% Y/Y. (Newswires)

Fonterra (FSF AT) - Co. raised midpoint of 2024/25 season forecast for Farmgate milk prices by NZD 0.50 to NZD 10.00/kgms. (Newswires)

HMC Capital (HMC AT) - Co. announced strategic seed acquisition of Neoen Victoria portfolio for AUD 950mln. (Newswires)

Magellan Financial Group (MFG AT) - Co. reported total FUM at AUD 39.1bln as of November 30th and it experienced net outflows of AUD 0.4bln for the month. (Newswires)

Rio Tinto (RIO AT) - Co. signs agreement to study low carbon aluminium project in Finland, while it guided copper production in FY25 at 780k-850k tons and Pilbara iron ore shipments at 323mln-338mln tons. (Newswires)

Wesfarmers (WES AT) - Co. announced Kmart group MD Ian Bailey will retire in April 2025 and Aleksandra Spaseska will succeed Bailey as Kmart group MD. (Newswires)

Woodside Energy (WDS AT) - Co. signs agreement for Louisiana LNG with total expenditure from December to end-Q1 forecast at up to USD 1.3bln, while the contract with Bechtel is for the development of three train 16.5mln tons per annum foundation development of Louisiana LNG. (Newswires)

Insurers - ASIC put insurers on notice for blind spots in complaints handling and said insurers failed to adequately identify systemic issues. (Newswires)

04 Dec 2024 - 22:50- MetalsResearch Sheet- Source: Newswires