Company Interview / Market Update | Myer, Bendigo Bank, Newmont, Catalyst, Fortescue, Wesfarmers

Myer (ASX: MYR) has flagged 2025 as a year of transition...saying its financial performance year to date has been impacted a range of market wide and company-specific factors --- specifically a downturn in its Apparel brands. At its investor strategy day -- Myer announced second half sales have risen almost 2%. Comparable sales were up 1.5% in the period. Myer has cautioned that rising costs have impacted its performance, citing ongoing ramp-up challenges at its new distribution centre in Victoria.

Bendigo and Adelaide Bank (ASX: BEN) has posted a drop in third quarter cash earnings to $122.2 million. That's a near 8% drop on the first half 25 quarterly earnings -- with the bank's net interest margin flat on the prior quarter. The lender says its balance sheet is well positioned for the economic outlook and its growth targets....And had customer deposits of almost $73 billion as of the end of March.

The AFR is reporting Newmont (ASX: NEM) is considering a partial selldown of its 20% stake in WA gold miner Greatland Gold...

And Catalyst has completed a $150 million placement to institutional investors at an issue price of $6 per share.

A change in the C-Suite at Fortescue (ASX: FMG) ...Gus Pichot has been appointed CEO Growth and Energy-- effective from the first of July. Dino Otrnato CEO Metals and Operations will assume an expanded role. Both will report to the board. Meanwhile Mark Hutchison will retire as CEO Energy but continue in a Senior Advisor role. COO Shelley Robertson is retirning from her executive role.

Wesfarmers (ASX:WES) boss CEO Rob Scott says Tuesday's rate cut is welcome news - but has acknowledged that many consumers are still doing it tough.

Novonix (ASX:NVX) shares are spiking ...as the battery tech company welcomed a decision from the US Commcer Department to place up to 721% tariffs on Chinese graphite.