News 13 May 2026 - 14 May 2026

Paladin Energy Shares Plunge 12% as Uranium Profit Masks a Cash-Flow Squeeze
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Paladin Energy Shares Plunge 12% as Uranium Profit Masks a Cash-Flow Squeeze

Paladin Energy shares fell 12.05% to A$11.17 after interim filings showed a nine-month profit of US$1.65 million, reversing a US$30.07 million loss a year earlier, but with a US$36.4 million operating cash outflow. March-quarter revenue dropped to US$70.7 million from US$102.4 million in the previous quarter. Production at Langer Heinrich rose 5% to 1.29 million pounds of U3O8.
May 14, 2026
Mineral Resources Stock Hits 52-Week High as Lithium Rebound, Debt Cuts Draw Buyers
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Mineral Resources Stock Hits 52-Week High as Lithium Rebound, Debt Cuts Draw Buyers

Mineral Resources shares hit a 52-week high of A$71.79 on May 13 before closing at A$70.62, valuing the company at about A$14 billion. The miner raised FY26 production guidance and cut net debt to A$4.5 billion. Onslow Iron shipped 7.2 million tonnes in the quarter despite cyclone disruptions. Morningstar lifted its fair value estimate to A$77 but noted lingering investor caution after the lithium downturn.
May 13, 2026
Why CAR Group’s Shareholder Shake-Up Is Suddenly in Focus
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Why CAR Group’s Shareholder Shake-Up Is Suddenly in Focus

CAR Group said First Sentier and related Mitsubishi UFJ entities are no longer substantial holders, according to an ASX notice posted May 13. The filing follows First Sentier’s recent disclosure of a 5.16% stake and MUFG’s earlier notice of 5.14% voting power. CAR shares closed at A$26.91, up 3.42%, on volume of 3.46 million. The company’s operating outlook and guidance remain unchanged.
May 13, 2026
Wesfarmers Limited Shares Get a Budget Lift — Why the Bunnings Owner Still Faces a Rates Test
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Wesfarmers Limited Shares Get a Budget Lift — Why the Bunnings Owner Still Faces a Rates Test

Wesfarmers shares closed up 0.35% at A$71.55 on Wednesday, outperforming the S&P/ASX 200’s 0.47% drop as consumer discretionary stocks rebounded. The company reported half-year revenue of A$24.21 billion and net profit of A$1.60 billion, up 9.3%. Australia’s Wage Price Index rose 0.8% in the March quarter. The Reserve Bank lifted rates to 4.35% on May 5.
May 13, 2026
Macquarie Stock Dodges Australia’s Bank Rout as Profit Beat Forces a Second Look
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Macquarie Stock Dodges Australia’s Bank Rout as Profit Beat Forces a Second Look

Macquarie Group shares closed up 1.1% to A$236.80 on May 13, bucking a sharp selloff in other major Australian banks after Commonwealth Bank’s provision shock. Macquarie’s annual profit rose 30% to A$4.85 billion, with its Commodities and Global Markets arm up 49%. Analysts raised FY2027 earnings forecasts but kept the consensus target price near A$249. Energy trading and asset sales remain key factors for future performance.
May 13, 2026
Aristocrat Leisure Shares Surge 13% as A$1 Billion Buyback Changes the ASX Story
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Aristocrat Leisure Shares Surge 13% as A$1 Billion Buyback Changes the ASX Story

Aristocrat Leisure shares surged 13% to A$51.94 after the company raised its share buyback by A$1 billion and reported higher first-half profit. Normalised NPATA rose 8.4% to A$794 million, while revenue slipped 0.2% to A$3.03 billion. The buyback authorization now totals A$2.5 billion, extended through May 2027. The interim dividend increased to 50 cents a share, unfranked.
May 13, 2026
CSL Limited’s $5 Billion Write-Down Leaves One Big Question: Is the Turnaround Still Alive?
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CSL Limited’s $5 Billion Write-Down Leaves One Big Question: Is the Turnaround Still Alive?

CSL Limited warned of about US$5 billion in new non-cash impairments and cut its FY26 outlook, sending shares down 16% Monday to their lowest since January 2017 before rebounding slightly. The company now expects FY26 revenue of US$15.2 billion and NPATA of US$3.1 billion. Impairments will be booked across FY26 and FY27, mainly tied to the Vifor acquisition and under-used assets.
May 13, 2026
Why Fortescue Ltd’s A$150 Million Native Title Hit Matters for Pilbara Miners
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Why Fortescue Ltd’s A$150 Million Native Title Hit Matters for Pilbara Miners

Fortescue Ltd has been ordered to pay A$150 million to the Yindjibarndi Ngurra Aboriginal Corporation for cultural loss from mining at its Solomon Hub, the largest native title compensation in Australia. The Federal Court also awarded about A$100,000 for economic loss plus interest. Justice Stephen Burley found Fortescue had destroyed 124 heritage sites and blocked access to over 135 square kilometres of land. Fortescue shares rose 2.8% on Wednesday.
May 13, 2026
BHP Group Stock Jumps as Incoming CEO Signals Copper Deal Push
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BHP Group Stock Jumps as Incoming CEO Signals Copper Deal Push

BHP’s incoming CEO Brandon Craig said the company will consider smaller acquisitions and partnerships, with copper as a long-term focus. Craig takes over July 1 as copper prices hit record highs. BHP also appointed former BlueScope Steel chief Mark Vassella to its board, effective June 1. BHP shares rose in Sydney, London, and New York.
May 13, 2026
Commonwealth Bank Shares Just Had Their Worst Day Ever: What Triggered CBA’s $30 Billion Drop
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Commonwealth Bank Shares Just Had Their Worst Day Ever: What Triggered CBA’s $30 Billion Drop

Commonwealth Bank of Australia shares plunged 10.43% Wednesday, erasing nearly A$30 billion in value after the bank raised loss provisions and investors reacted to proposed property tax changes. CBA reported a March quarter cash net profit of about A$2.7 billion, up 4% year-on-year but below analyst forecasts. Loan impairment expense rose to A$316 million. Other major banks also fell, with Westpac down 3%.
May 13, 2026
IHG Stock Watch: InterContinental Hotels Group PLC Adds Mount Fuji Deal as Buyback Rolls On
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IHG Stock Watch: InterContinental Hotels Group PLC Adds Mount Fuji Deal as Buyback Rolls On

IHG will convert the 150-room Hotel Mount Fuji into its third Vignette Collection property in Japan after renovation, partnering with FUJI KYUKO. The company bought 37,286 shares for cancellation on May 12, following a similar purchase earlier in the week. IHG recently reported stronger-than-expected first-quarter room revenue but noted weaker demand in the Middle East.
May 13, 2026
IMI plc Keeps 2026 Guidance Intact — The Middle East Risk Investors Are Watching
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IMI plc Keeps 2026 Guidance Intact — The Middle East Risk Investors Are Watching

IMI reported first-quarter organic revenue up 5% and kept full-year adjusted EPS guidance at 136p–142p, in line with analyst consensus. Shares closed down 1.25% at 2,696p, lagging the FTSE 100. Management flagged risk to £30 million in Middle East shipments if regional disruption continues. Automation division posted 6% organic revenue growth; orders fell 2%.
May 13, 2026
St. James’s Place Stock Rebounds After 4% Slide — Why the SJP Share Price Story Is Still Uneasy
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St. James’s Place Stock Rebounds After 4% Slide — Why the SJP Share Price Story Is Still Uneasy

St. James’s Place closed at 1,160p on Wednesday, up slightly after a 4.35% drop the previous day. The wealth manager reported £1.53 billion in net inflows and £216.94 billion in funds under management for the first quarter. Gross inflows rose year-on-year, but funds under management fell short of the end-2025 figure. Analysts remain divided on the impact of fee changes and market volatility.
May 13, 2026
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Stock Market Today

  • Weebit Nano Shares Surge Over 300% with Growth Prospects on ASX
    May 25, 2026, 5:45 PM EDT. Shares of Weebit Nano Ltd (ASX: WBT), specialising in computer memory technology, have risen over 300% in the past year, currently trading at A$7.08 above the recent capital raise price of A$4.05. The company raised A$87 million to bolster cash reserves to A$172 million, strengthening its position as a leading independent licensor of ReRAM (Resistive Random Access Memory) intellectual property. Analyst Pitt Street Research forecasts royalty revenue growth starting fiscal year 2027, driven by expanding commercial partnerships with semiconductor manufacturers and product companies. Valued at A$1.73 billion with a price target of A$10.20, Weebit Nano aims to transition to a high-margin, recurring royalty model by 2030. However, investing experts caution evaluation amid rapid gains and high current valuations.