Hugo Mathers

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Articles

Australian shares tumble after Trump tariffs

3 weeks ago | capitalbrief.com | Prashant Mehra |Hugo Mathers

10:49am on 3 April 2025Australian shares tumble after Trump tariffsThe news: The Australian sharemarket sank in early trading as investors reacted negatively to sweeping global tariffs announced by US President Donald Trump. The numbers: The benchmark S&P/ASX 200 index was down 150.20 points or 1.9% to 7,784.30 within the first few minutes of trade, with each of the 11 sectoral indices trading lower. The context: Financials, mining, consumer and real estate stocks bore the brunt of the losses.
Major banks lead ASX gains, tracking Wall Street peers

Jan 15, 2025 | capitalbrief.com | Hugo Mathers

2:41pm on 16 January 2025The news: The major Australian banks rallied on the ASX after their US peers posted strong earnings results overnight. The numbers: Financials, up 2.37%, was the best performing sector by 2:30pm AEDT, as the ASX 200 index rose 1.33%. Macquarie Group (3.56%), NZ (2.86%), Commonwealth Bank (2.7%), National Australia Bank (2.66%) and Westpac (2.1%) all notched significant gains. The context: The advance followed a spate of solid earnings results from large US banks.
Morgan Stanley adds Corporate Travel, Life360 to 'key ideas' list

Jan 15, 2025 | capitalbrief.com | Hugo Mathers

Skip to content12:57pm on 16 January 2025The news: Shares in Corporate Travel Management and Life260 were boosted after Morgan Stanley added both companies to its 'key ideas' list. The numbers: Corporate Travel shares were up 6.8% to $14.04 by 12:45pm AEDT. Life360 shares rose 2.2% to $21.67. The context: Morgan Stanley's analysts said that after several downgrades, investors lack conviction on Corporate Travel, with consensus forecasts behind guidance.
Neuren shares rebound after selloff

Jan 15, 2025 | capitalbrief.com | Hugo Mathers

12:13pm on 16 January 2025The news: Shares in Neuren Pharmaceuticals rallied in morning trade, after ending Wednesday's session as the worst performing ASX 200 company. The numbers: Neuren shares were up 8.2% to $11.91 by midday AEDT, reversing nearly all of Wednesday's 8.3% selloff.
Rinehart-backed Arafura extends gains on $200m funding boost

Jan 15, 2025 | capitalbrief.com | Hugo Mathers

12:07pm on 16 January 2025The news: Shares in Arafura Rare Earths continued to climb on the ASX after the Albanese government's National Reconstruction Fund Corporation (NRFC) committed to a $200 million investment in the Gina Rinehart-backed miner on Wednesday. The numbers: Arafura shares were up 7.4% to 14.5 cents by 11:45am AEDT, having ended the previous session 17.4% higher. The context: Bell Potter retained its 'hold' recommendation on Arafura but cut its valuation from 17 cents to 15 cents.
Genesis Minerals shares spurred by Q2 production boost

Jan 15, 2025 | capitalbrief.com | Hugo Mathers

11:33am on 16 January 2025The news: Genesis Minerals shares rose in morning trade on the ASX after the gold miner reaffirmed its upgraded guidance. The numbers: Genesis shares were up 5.5% to $2.89 by 11:20am AEDT, having climbed nearly 80% over the past 12 months. The miner said it was on track to meet full-year production guidance of 190,000 to 210,000 ounces of gold at an all-in sustaining cost (AISC) of between $2,200 and $2,400 per ounce.
Zip shares jump as US competitor Sezzle hikes guidance

Jan 15, 2025 | capitalbrief.com | Hugo Mathers

10:58am on 16 January 2025The news: Zip shares surged in early trading after the buy now, pay later lender's US competitor Sezzle upgraded its revenue guidance overnight. The numbers: Zip shares were up 7.7% to $3.03 by 10:50am AEDT, making it the top performer across the ASX 200, having advanced nearly 450% over the last year. Minneapolis-based Sezzle upgraded its revenue guidance to exceed 55% year-on-year growth in CY24, citing "exceptional holiday demand".
Macquarie downgrades Monadelphous after recent rally

Jan 15, 2025 | capitalbrief.com | Hugo Mathers

The news: Macquarie has downgraded its rating on engineering group Monadelphous to 'neutral' having seen its share price rise nearly 20% since November. The numbers: Macquarie downgraded Monadelphous from 'outperform' to 'neutral' but raised its target price from $14.44 to $14.80. It also lifted its earnings per share by 0.7% in FY25 and 0.6% in FY26. Monadelphous last closed at $14.44.
Block to pay $128m fine after money laundering violations

Jan 15, 2025 | capitalbrief.com | Hugo Mathers

BriefingPayment Problems9:31am on 16 January 2025The news: Afterpay owner Block has agreed to pay a US$80 million ($128.5 million) fine after a group of 48 US state regulators determined the NYSE- and ASX-listed fintech had insufficient policies for addressing money laundering through its payment platform Cash App.
Short seller Hindenburg Research to shut down

Jan 15, 2025 | capitalbrief.com | Hugo Mathers

9:07am on 16 January 2025The news: Nate Anderson has announced the closure of his activist short selling firm Hindenberg Research. The context: Hindenberg produced investigation reports on the likes of Super Micro Computer, Roblox, Block and Sezzle, before taking short positions in the companies. Last year, the company drove a selloff in Adani Group, after it accused the Indian conglomerate of improperly using tax havens.