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Australian shares flat as tech, energy offset losses in miners, gold stocks
Australian shares flat as tech, energy offset losses in miners, gold stocks

Business Recorder

time31 minutes ago

  • Business
  • Business Recorder

Australian shares flat as tech, energy offset losses in miners, gold stocks

Australian shares were little changed on Thursday, as gains in tech and energy stocks offset losses in gold and mining counters, while Fortescue jumped on record quarterly shipments and Macquarie fell after posting a drop in first-quarter profit. The S&P/ASX 200 index was flat at 8,735.90 points as of 0028 GMT, after rising 0.7% on Wednesday. Energy stocks added 0.3%, with Woodside Energy up 1.5%. Oil prices advanced on hopes that progress in talks between the U.S. and its key trade partners ahead of the August 1 deadline would ease pressure on the global economy, while a drop in U.S. crude stocks last week signalled solid demand. Technology stocks rose 0.5%, mirroring gains in overseas peers. ASX-listed shares of Xero grew 0.3%, while those of NEXTDC rose 0.8%. Bucking the trend, gold stocks shed more than 2.5% to lead the benchmark lower, as bullion prices weakened. Northern Star Resources dropped 3%, while Genesis Minerals lost 1.3%. Financials slid 0.2%, with Macquarie slipping 5% after reporting a first-quarter net profit decline and announcing the departure of Chief Financial Officer Alex Harvey. The top investment bank was the biggest laggard on the sub-index. Miners eased 0.2%, as iron ore prices fell. Rio Tinto dropped 0.4%. In contrast, Fortescue gained more than 5% after fourth-quarter shipments hit the top end of its fiscal 2025 guidance. In company news, Lynas Rare Earths reported fourth-quarter revenue beat. The world's largest producer of rare earth minerals outside China said it had entered into a magnet manufacturing deal with Korea's JS Link. Shares grew more than 4%. Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index rose 0.2% to 12,823.99.

Australian shares flat as tech, energy offset losses in miners, gold stocks
Australian shares flat as tech, energy offset losses in miners, gold stocks

Mint

time3 hours ago

  • Business
  • Mint

Australian shares flat as tech, energy offset losses in miners, gold stocks

July 24 (Reuters) - Australian shares were little changed on Thursday, as gains in tech and energy stocks offset losses in gold and mining counters, while Fortescue jumped on record quarterly shipments and Macquarie fell after posting a drop in first-quarter profit. The S&P/ASX 200 index was flat at 8,735.90 points as of 0028 GMT, after rising 0.7% on Wednesday. Energy stocks added 0.3%, with Woodside Energy up 1.5%. Oil prices advanced on hopes that progress in talks between the U.S. and its key trade partners ahead of the August 1 deadline would ease pressure on the global economy, while a drop in U.S. crude stocks last week signalled solid demand. Technology stocks rose 0.5%, mirroring gains in overseas peers. ASX-listed shares of Xero grew 0.3%, while those of NEXTDC rose 0.8%. Bucking the trend, gold stocks shed more than 2.5% to lead the benchmark lower, as bullion prices weakened. Northern Star Resources dropped 3%, while Genesis Minerals lost 1.3%. Financials slid 0.2%, with Macquarie slipping 5% after reporting a first-quarter net profit decline and announcing the departure of Chief Financial Officer Alex Harvey. The top investment bank was the biggest laggard on the sub-index. Miners eased 0.2%, as iron ore prices fell. Rio Tinto dropped 0.4%. In contrast, Fortescue gained more than 5% after fourth-quarter shipments hit the top end of its fiscal 2025 guidance. In company news, Lynas Rare Earths reported fourth-quarter revenue beat. The world's largest producer of rare earth minerals outside China said it had entered into a magnet manufacturing deal with Korea's JS Link. Shares grew more than 4%. Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index rose 0.2% to 12,823.99. (Reporting by Roshan Thomas in Bengaluru; Editing by Sumana Nandy)

I shed 4st on fat jabs to banish my ‘six chins' for my wedding day – despite devastating side-effect I won't give up
I shed 4st on fat jabs to banish my ‘six chins' for my wedding day – despite devastating side-effect I won't give up

Scottish Sun

time21 hours ago

  • Entertainment
  • Scottish Sun

I shed 4st on fat jabs to banish my ‘six chins' for my wedding day – despite devastating side-effect I won't give up

'I looked and felt awful and I wanted to look good for my wedding, I don't want to be a fat bride,' Kimberly, says NO WEIGH I shed 4st on fat jabs to banish my 'six chins' for my wedding day – despite devastating side-effect I won't give up Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) KIMBERLY Maberly endured a devastating side effect to fat jabs so she could walk down the aisle with a smaller waistline. The 42-year-old comedian has dropped 4st since starting GLP-1 injections last October - but says the powerful slimming drug has left her thick blonde hair falling out in clumps. Sign up for Scottish Sun newsletter Sign up 7 Kimberly's weight was an ongoing joke at the comedy club she owned Credit: Kennedy News 7 The 42-year-old's hair falls as the weight drops Credit: Kennedy News 7 Hair loss can't hide the happy bride-to-be Credit: Kennedy News "If the hair loss had been a side effect from day one, I probably wouldn't have stuck with it," the bride-to-be from Stoke-on-Trent. "It's now at a point where if I'm in the shower it literally falls out in clumps." The comedy club owner tipped the scales at 17st and a dress size 22 at her heaviest when she decided to fork out £220 for a month's worth of the jabs from a pharmacy after a consultation with her GP. Kimberly, now a size 16 and weighing 13st, was sick of dodging jokes about her "six chins" during her comedy roast battles and refused to be a "fat bride" for her wedding in July 2026. The family of drugs known as GLP-1 RAs, originally developed to treat diabetes, are now often being used for weight loss as they were found to suppress appetite. She said: "I looked and felt awful and I wanted to look good for my wedding, I don't want to be a fat bride." "I did diet clubs and slimming shakes but the results were always mediocre. I was drawn to [weight loss jabs] as it seemed like a quick fix." "I do roast battles at the comedy club and one of the things that people mentioned all the time was my weight. "When all you're looking at is your six chins, instead of going 'oh I got a few laughs there' that becomes another reason for wanting to lose weight." But the jabs came with a cruel price. Kimberly has had to stop washing her hair regularly to prevent more fallout and now hides it under a cap when out and about. Weight Loss Jabs - Pros vs Cons She doesn't even let her fiancé, Andrew Fisher, see what is left of her locks. "I know he doesn't care, but I do," she explained. "She added: I was FaceTiming my sister who is a hairdresser and showing her and I just started crying. "I was looking underneath and it was patchy. I daren't get anyone to check my full head because I don't want to know the full extent." Trying to see the positives, Kimberly has embraced wigs - even making them a bit of fun. She said: "[In May] I thought 'what if I try a wig?' That way I could carry on with the [weight-loss injections] and hide behind the wigs." 7 Wigs hide hair loss Credit: Kennedy News 7 Fiancé Andrew has been loving Kimberly's new looks Credit: Kennedy News 7 Andrew has been telling everyone he's getting a different girlfriend every day Credit: Kennedy News "I was really trying to make the most of my hair by wearing headbands, trying to part it differently so it didn't look so bad, but wigs have become part of my everyday as it got worse." "It's a bit of fun and I can be different every day." Despite what Kimberly thinks, Andrew has been loving the new looks too. "He's been telling everyone he's getting a different girlfriend every day," she said. "He likes the pink wig — he says that one is his favourite." 'You don't have to worry about bad hair days' Despite the hair loss, Kimberly is determined to stay positive. She added: "I decided I could either cry and moan about how little [hair] I've got or not, I'm just having fun with it and embracing it. "The way I look at it is that my hair's going to grow back, but the weight isn't going to come back on. "I'm still taking it now and if I could go back to October and decide not to take it, I wouldn't change a thing. Now on her last prescription, Kimberly wants to give her hair a year to recover ahead of the wedding. "I'm aiming to lose the last stone before the big day without using skinny jabs." "I'm not at my target weight, but I wanted a whole year off the jabs to recover my hair for the wedding. "Even if I want a hair piece or extensions for the wedding day, I need to have more growth before that's possible." She said wearing wigs has given her the confidence she needed. "But I see them [wigs] as a temporary measure to a problem that will go away." She added: "I'd say to other women suffering from hair loss to see it as another accessory to add to your look, plus you don't have to worry about bad hair days." 7 Kimberly didn't want to be a 'fat bride' for her wedding in July 2026 Credit: Kennedy News

Market trade sideways; media shares under pressure
Market trade sideways; media shares under pressure

Business Standard

time2 days ago

  • Business
  • Business Standard

Market trade sideways; media shares under pressure

The key equity indices traded sideways in the mid- afternoon trade. The Nifty traded below the 25,100 level. Media shares declined after advancing for previous two trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex, rose 2.59 points or 0.01% to 82,023.28. The Nifty 50 index shed 22.50 points or 0.09% to 25,066.50. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.19% and the S&P BSE Small-Cap index fell 0.21%. The market breadth was negative. On the BSE, 1,829 shares rose and 2,088 shares fell. A total of 201 shares were unchanged. Economy: India's core industries, comprising eight sectors, reported 1.7% growth in June 2025, down from 5% in the same month of 2024, data released on Monday by the Ministry of Commerce and Industry showed. On a month-on-month basis, the expansion in June is relatively up, when these key sectors grew by 1.2%. Commerce ministry data showed the production of steel, cement and refinery products recorded positive growth in June 2025. The Index of Eight Core Industries (ICI) measures the combined and individual performance of production of eight core industries -- Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP). The cumulative growth rate of ICI during April to June, 2025-26 is 1.3% (provisional) as compared to the corresponding period of last year. Buzzing Index: The Nifty Media index shed 1.35% to 1,749.90. The index rose 0.24% in the previous two trading session. Zee Entertainment Enterprises (down 2.21%), PVR Inox (down 1.8%), Network 18 Media & Investments (down 1.26%), Hathway Cable & Datacom (down 1.2%), Sun TV Network (down 0.77%), Saregama India (down 0.52%), Nazara Technologies (down 0.4%) down. On the other hand, D B Corp (up 0.95%) ,Tips Music (up 0.76%) and Dish TV India (up 0.17%) up. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.05% to 6.296 from the previous close of 6.300. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 86.3700 compared with its close of 86.3100 during the previous trading session. MCX Gold futures for 5 August 2025 settlement rose 0.03% to Rs 99,355. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.02% to 97.87. The United States 10-year bond yield rose 0.30% to 4.392. In the commodities market, Brent crude for September 2025 settlement shed 57 cents, or 0.82% to $68.64 a barrel. Stocks in Spotlight: Colgate Palmolive (India) shed 0.70%. The company reported 11.91% decline in standalone net profit to Rs 320.62 crore on 4.38% fall in revenue from operations to Rs 1,420.64 crore in Q1 FY26 over Q1 FY25. SML Isuzu hit an upper limit of 10% after the company's standalone net profit jumped 44.34% to Rs 66.96 crore, while revenue from operations rose 13.38% to Rs 845.89 crore in Q1 FY25, compared to Q1 FY24.

Sensex, Nifty pare gains; realty shares decline
Sensex, Nifty pare gains; realty shares decline

Business Standard

time2 days ago

  • Business
  • Business Standard

Sensex, Nifty pare gains; realty shares decline

The key equity indices reversed all gains and traded with minor losses in the mid-morning trade. The Nifty traded below the 25,100 level. Realty shares declined after advancing for previous trading session. At 11:30 ST, the barometer index, the S&P BSE Sensex, shed 18.92 points or 0.02% to 82,177.22. The Nifty 50 index fell 31.45 points or 0.13% to 25,057.90. In the broader market, the S&P BSE Mid-Cap index shed 0.46% and the S&P BSE Small-Cap index fell 0.08%. The market breadth was negative. On the BSE, 1,798 shares rose and 1,928 shares fell. A total of 202 shares were unchanged. Economy: India's core industries comprising eight sectors reported 1.7% growth in June 2025, down from 5% in the same month of 2024, data released on Monday by Ministry of Commerce and Industry showed. On a month-on-month basis, the expansion in June is relatively up, when these key sectors grew by 1.2%. Commerce ministry data showed the production of steel, cement and refinery products recorded positive growth in June 2025. The Index of Eight Core Industries (ICI) measures the combined and individual performance of production of eight core industries -- Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP). The cumulative growth rate of ICI during April to June, 2025-26 is 1.3% (provisional) as compared to the corresponding period of last year. Buzzing Index: The Nifty Realty index shed 0.97% to 996.45. The index rose 0.64% in the previous trading session. Anant Raj (down 2.56%), Raymond (down 1.92%), Phoenix Mills (down 1.65%), Godrej Properties (down 1.58%) and Brigade Enterprises (down 0.93%), DLF (down 0.89%), Lodha Developers (down 0.89%), Oberoi Realty (down 0.58%), Sobha (down 0.39%) and Prestige Estates Projects (down 0.3%) down. Stocks in Spotlight: Sagar Cements fell 2.63%. The company reported a consolidated net profit of Rs 7.49 crore in Q1 FY26, compared with a net loss of Rs 32.20 crore posted in Q1 FY25. Revenue from operations increased 19.63% to Rs 670.66 crore in Q1 FY26 as against Rs 560.60 crore in Q1 FY25. Parag Milk Foods declined 3.79%. The company reported a 1.02% increase in consolidated net profit to Rs 27.58 crore in Q1 FY26 from Rs 27.30 crore posted in Q1 FY25. Revenue from operation rose by 12.34% year-over-year (YoY) to Rs 851.52 crore during the period under review. Global Markets: Asian stocks traded mixed on Tuesday as investors turned cautious ahead of the looming August 1 deadline for potential US trade tariffs. Japanese stocks, in particular, saw sharp swings after Prime Minister Shigeru Ishibas ruling coalition lost its majority in the upper house. Wall Street offered little direction, with US indices closing mostly flat overnight despite hitting fresh intraday records. The spotlight this week remains firmly on corporate earnings, with Tesla and Alphabet set to report on Wednesday. By the close in New York, the Dow slipped 0.04%, the S&P 500 inched up 0.14%, and the Nasdaq rose 0.38%.

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