Orica Ltd higher Monday, outperforms the Materials sector
Here is the latest company close update for Orica Ltd, ORI.
Orica
We’d rather invest in the US, says Orica boss
Despite economic ructions caused by President Donald Trump’s imposition of tariffs, Orica says the US is still ahead of Australia as an investment destination.
BlueScope, Orica seek urgent answers over US tariffs
Australia’s stock market fell sharply for a second day on tariff mayhem as the nation’s biggest steel producer said it was urgently seeking answers through diplomatic and business channels.
ASX extends falls; Polynovo plummets on boardroom drama
Troubled Star finally strikes Queen’s Wharf deal, saves 2700 jobs. Insignia soars as Bain, CC Capital lift offers. PolyNovo’s internal turmoil trims under-scrutiny chair’s fortunes as shared sink 13pc.
ASX 200 lifts; PEXA gains; Data#3 falls
Data#3 down after flagging Microsoft hit. PEXA soars on change of guard. BlueScope, BHP and Rio Tinto pick site for smelting pilot plant. House prices to stall next year: HSBC. Meta settles Aus privacy breach case.
ASX 200 ends down on mining losses; HMC, DigiCo dive
Surprise inclusions in RBA’s new-look monetary policy board; new governance board members named. Data centres-focused DigiCo continues to decline. HSBC sued for alleged scam fails. China slump a blow to Treasurer’s mid-year budget update.
Inflation fight needs more policy fire: Orica CEO
Sanjeev Gandhi says Australia must fight inflationary impacts with targeted government funding, balanced labour relations, and tax incentives for innovation, R&D, and rapid adoption of digital and automated technologies.
Orica faces a test of its green credentials
It’s not easy going green when your job is to provide explosives and chemicals to the resources sector, but Orica is giving it a red hot go.
Trump ‘big positive’ for Orica as it plots another stellar year
Explosives and blasting systems giant Orica says the Trump presidency will be a `big positive’ for its US operations as it sets the course for stellar growth to continue in FY25.
ASX 200 trims gains; Goodman, IPH get first strike
‘Incredible value’ in CFMEU relationship: Cbus CEO. Major Pacific Smiles offloads stake, aiding Genesis in takeover battle. Tech giants ‘free riders’: CBA boss. IPH, Goodman get first strikes against executive pay.
Tabcorp chair steps down; ASX 200 hits new record
Bruce Chenoweth will assume chair role at gaming giant. Strike, MinRes lift on WA gas policy tweak. US Fed’s jumbo rate cut ramps up RBA pressure. Total Tools hit with data leak. Second class action hits Harvey Norman for allegedly useless warranties.
Winter blackout fears focus attention on energy policy
Details about nuclear power and renewables options are emerging.
Orica’s mine-to-mill strategy gains momentum
Orica’s recent history is littered with snafus but momentum is finally working in its favour and the company has brand equity to sell its mine-to-mill strategy.
Orica boss warns soaring gas prices still a threat
Orica says Australia risks losing more manufacturing if soaring gas prices are not tamed with overseas investments now helping cushion the blow for the explosives giant.
ASX drops 1.1pc on CBA, retail stocks
The sharemarket has closed 1.1 per cent lower, with banking and retail stocks leading the losses. CBA records biggest fall in three weeks. Super Retail, JB Hi-Fi sales disappoint. Baby Bunting tanks.
‘Living on the brink’: Qenos won’t be the last of big falls
Energy-intensive industries are ‘genuinely living on the brink’ with the collapse of Qenos a clear signal of the distress felt by other major manufacturers.
Australia too expensive for expansion: Orica
Orica is buying another overseas manufacturing plant, saying cheap gas and power makes North America a far more attractive option than Australia.
Rio Tinto profit down, beats estimates
Rio Tinto annual net profit falls to $US10.1bn; underlying result beats estimates. CSR trading halt amid takeover talk. Woolworths’ Brad Banducci apologised to Rod Sims. Corporate Travel dives. WiseTech soars.
Orica seals $560m deal for Canadian tech firm
Already the biggest provider of mine blasting services, Orica is expanding its business into monitoring civil infrastructure.
ASX reaches new 10-month high; Pexa dives
ASX 200 has best daily close in 10 months. Pexa dives 11.8 per cent after Smoove update. Sezzle soars for no obvious reason. KMD down after weak consumer sentiment hits sales. Airbnb to cough up $30m.
Orica ups dividend on strong profits
Orica boss Sanjeev Gandhi says more intervention is needed to drive down energy costs for Australian manufacturers.
ASX flat; NAB lifts; Star avoids pay strike
ASX 200 ends up 0.3 per cent at three-week high as Tritium closes Brisbane factory. Top analyst downgrades Nab to Hold. EY cuts 232 from workforce. Citi increases inflation forecasts. NAB profit a slight miss, dividends lift.
Short squeeze on in Alpha HPA
Short sellers got caught out on Thursday after the mineral processing company Alpha HPA announced it had netted Aussie Super and Orica as investors.
CEO throws down the green hydro gauntlet to Andrew Forrest
Is Orica boss Sanjeev Gandhi’s declaration he’ll be producing green hydrogen by 2026 a bit of a dig at the so far empty promise by Twiggy Forrest to have a plant up and running this year?
Subsidies needed ‘to make green ammonia viable’
Green hydrogen won’t be able to financially compete with natural gas in ammonia production and needs government assistance, Orica says.
ASX down; Qatar decision favoured Qantas
Flight Centre boss says Qantas ‘very good at lobbying governments’. Inflation still ‘too high’, says RBA. Record coal prices boost New Hope profit.
ASX rises 1.6pc; best day in six months
Gold miners pace gains after US CPI print. INPEX takes 50 per cent Enel Green Power stake. Origin gets $70m from Labor for hydrogen project. Domestic air fares at one-year low.
‘Kidding ourselves’ on battery ambitions: Orica boss
Australia needs to attract an established battery maker if it hopes to compete with global industry superpowers, says Orica boss Sanjeev Gandhi.
Inflation will stick around, Orica boss warns
The explosives major is factoring in an extended period of cost pressure due to inflation, according to managing director Sanjeev Gandhi.
ASX ends flat; Allkem soars, Silver Lake falls
Allkem surges on $US10bn merger. Goodman and GrainCorp upgrade guidance. NT approves Core Lithium project. Westpac card activity shows significant weakening.
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