Company Interview / Market Update | BHP, Fletcher Building, Sandfire Resources, Bank of Queensland, Mesoblast

BHP has reported record full year iron ore and copper production however has flagged possible delays and cost increases at its giant potash project in Canada.

Fletcher Building will provide regular quarterly updates on key product sales volumes in a bid to enhance transparency. CEO Andrew Reding says that volumes has steadily declines across categories after peaking in 2022..He expects volumes to not have a meaningful recovery before FY 2027.

Sandfire Resources has flagged further high grade copper hits at its Montana project, pushing the Black Butte development closer to fruition. Chief executive Brendan Harris says drilling has successfully expanded the known footprint of high-grade copper, positioning the miner to unlock value.

The Bank of Queensland has reported a slight dip in capital ratios despite a reduction in risk-weighted assets. BOQ's Common equity tier 1 -- or CeT1 ratio -- fell 7 basis points to 10.8% as of the end of May.

And Mesoblast is tracking higher today after JPMorgan Chase acquired 5% voting power in the company, signaling confidence in its future prospects.