The ASX has communicated to all market participants of an industry-wide ASX settlement failure that occurred on Friday the 20th of December. This failure has meant that CHESS was not able to complete market settlement on Friday and has deferred settlement to Monday the 23rd of December. For those clients who had sell trades settling on Friday we have ensured those sale proceeds have been made available to you for trading on Monday. Stock delivery for clients who had buy trades settling will need to wait until Monday before the shares become available to sell. We apologise for any inconvenience this ASX outage has caused.
Reporting Season - 29 August
Companies covered: Wesfarmers (WES), Qantas (QAN), South32 (S32)
Stocks discussed:
- Wesfarmers (ASX: WES): FY profit up 3.7%, boosted by strong sales across Bunnings and Kmart but warns sales growth at Bunnings in the first eight weeks of FY25 has weakened from the second half of fiscal 2024
- Qantas Airways (ASX: QAN): Annual profit slides 28% due to a moderation in air fares, no dividend declared for a fifth straight year but announces a further AU$400mln share buy-back plan
- South32 (ASX: S32): FY net loss widens on the back of impairment expenses, with revenue down 3% and a final dividend of 3.1 US cents declared.