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WiseTech Global Shares Jump Nearly 7% as Stock Continues Long Rebound From Scandal-Driven Lows This Year

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Earnings News: Micron Technology Inc (NASDAQ: MU)

Shares in WiseTech Global climbed 6.67% on Thursday, closing at $37.89 after adding $2.37, extending a gradual recovery in the logistics software company’s stock following one of the most punishing periods in its history as a publicly listed company.

The gain builds on a rebound that has taken shape over the past several weeks, as investors have moved to accumulate shares following an extended selloff tied to a governance crisis involving WiseTech’s billionaire co-founder, Richard White. The stock’s woes trace back to a report that the Australian Federal Police’s human exploitation taskforce had opened an investigation into White over allegations that he provided false information on a visa application and used a woman’s immigration status to exploit her, a series of escalating personal conduct claims that had kept institutional sentiment toward the company deeply negative for months.

That selling pressure pushed WiseTech shares down as much as 66% over the trailing 12 months and more than 45% on a year-to-date basis, at their lowest point trading in the low $30s, a dramatic decline from the stock’s 52-week high above $120 reached earlier in the year. The scale of the drawdown reflected not only concern over the allegations against White personally but also broader uncertainty about the company’s governance and leadership stability during a period when the underlying business continued posting double-digit revenue and profit growth.

A significant turning point came in early July, when WiseTech announced that White would step down from his role as executive chair, a move the company positioned as a way to separate the personal legal scrutiny facing its founder from the company’s ongoing operations. Under the restructured arrangement, White remained with the company as chief innovation officer and retained a seat on the board as an executive director, while relinquishing his formal leadership role at the top of the organization. Shares surged as much as 11.1% in the immediate aftermath of that announcement, marking what analysts described at the time as a significant clearing event for a stock that had become one of the ASX’s most troubled large-cap names.

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Even after stepping back from his chair position, White remains WiseTech’s largest shareholder, holding close to 40% of the company’s shares, meaning his influence over the business has not disappeared entirely despite the governance changes. That continued ownership stake has left some analysts cautious about whether the leadership shuffle fully resolves the uncertainty hanging over the stock, particularly with the Australian Federal Police investigation into White still unresolved as of recent reporting.

WiseTech’s recovery has continued in fits and starts in the weeks since White’s resignation as chair, with the stock posting a series of strong single-session gains interspersed with periods of consolidation. The shares climbed roughly 30% over a two-week stretch in early July, though that bounce registered as barely visible against the backdrop of the stock’s yearlong chart, given the scale of the preceding decline. More recently, the stock halted a four-day slide with a 4.05% gain that left shares up 21% from a prior late-June low, even as the stock continued trading well below both its 50-day and 200-day moving averages, a technical pattern some analysts have characterized as more consistent with a counter-trend bounce within an established downtrend than a definitive turnaround.

Wall Street sentiment toward WiseTech has remained notably bullish throughout the turbulence, even as the stock price itself has swung dramatically. Recent analyst compilations show 13 analysts recommending the stock as a buy and none suggesting a sell, translating into an overall “strong buy” consensus rating. The average 12-month price target for WiseTech has stood at approximately $69.25, implying substantial potential upside from recent trading levels, with individual targets ranging as high as roughly $128.71, though some market watchers have cautioned that consensus targets set before the scandal fully unfolded may not yet fully reflect the governance risk still facing the company.

WiseTech Global, headquartered in Alexandria, in Sydney’s inner suburbs, develops and sells software used by logistics providers to manage the movement and storage of goods and information across the Americas, Asia-Pacific, Europe, the Middle East and Africa. The company’s core offerings include software for freight forwarding and customs management, landside logistics, digital documentation, transport and warehouse management, carrier rate management, and broader enterprise logistics functions, positioning it as a significant player in the global supply chain technology sector.

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Founded in 1994, WiseTech built its reputation over three decades as one of the standout success stories among ASX-listed technology companies, with a business model that continued generating strong underlying growth even as its share price came under severe pressure amid the governance controversy. That divergence between the company’s operating performance and its market valuation has been a central point of debate among analysts and investors throughout the stock’s recent volatility, with some contrarian and value-oriented funds treating the extreme drawdown as an opportunity to accumulate shares at what they view as a significant discount to the underlying business’s worth.

With the Australian Federal Police investigation into White still ongoing and the stock continuing to trade well below both its technical moving averages and analyst price targets, investors are likely to remain focused on further governance developments and any additional legal updates involving WiseTech’s founder as key factors that could determine whether the current rebound continues to build or gives way to renewed volatility in the sessions ahead.

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Calling ‘time’ the toughest of decisions

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Calling ‘time’ the toughest of decisions

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Hospital parking hike in Essex only adds stress, patients say

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A large glass-fronted building with two park benches at its front. There is a green bus driving pass the entrance of the hospital.

Rosalind Wright has had two children at Broomfield Hospital and said parking was already a “nightmare” without the cost increase.

She estimated she had about 10 appointments for scans, vaccinations and blood tests, and spent between £50 to £100 to park the car.

The 39-year-old described the 20 minutes of free parking “pointless”.

“I think you’d be hard-pressed to find anybody that ever got in and out of Broomfield Hospital in 30 minutes, so it always seems like a bit of a pointless kind of advertisement,” she said.

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“Your appointment’s never on time… I typically would pay three hours for what would probably be a five-minute appointment,” she said.

Some people living nearby the hospitals rent out their driveways to visitors.

JustPark is one platform that provides this service and it told the BBC that 35 spaces were listed within 2km (1.24 miles) of Broomfield Hospital, including six within 500m.

The spaces cost a daily rate of £6.15 on average, compared with £4.52 average daily rate to park elsewhere in Chelmsford.

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Natasha Kerrigan, the chief estates and infrastructure officer for the MSENFT, said it was the first increase in three years and some visitors would not have to pay for parking.

She added patients and visitors could also apply for a weekly parking concession ticket.

“[Including] patients receiving chemotherapy, people visiting patients at the end of their life, birthing partners, carers supporting patients with dementia and disabled parking for Blue Badge holders.

“We recognise that any increase in charges is unwelcome, but the costs associated with operating and maintaining our car parks have increased,” she said.

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Trump announces a deal for Hamas to disarm in Gaza, but many hurdles and uncertainty remain

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Trump announces a deal for Hamas to disarm in Gaza, but many hurdles and uncertainty remain
WASHINGTON – President Donald Trump said Thursday that a deal has been reached for Hamas to disarm and Israel to withdraw its forces from Gaza, but many hurdles, conditions and long timelines remained to wind down the war in the Palestinian territory. Neither Hamas nor Israel gave immediate indication that they had agreed.

The White House announcement comes nine months after a U.S.-brokered ceasefire was signed. Negotiations between Israel and Hamas had largely deadlocked over the implementation of its second phase, including the disarmament of Hamas and the reconstruction of Gaza.

“The agreement will be carried out in carefully structured phases,” Trump said on social media. “As disarmament is completed, Israeli forces will withdraw, and the International Stabilization Force will work with a new Palestinian police force to take responsibility for Gaza being safe for its residents and its neighbors.”

Trump’s 20-point ceasefire plan calls on the Iran-backed militant group to surrender its weapons and destroy its vast network of tunnels. It also envisions Israeli forces withdrawing from Gaza, the arrival of a new technocratic Palestinian government, deployment of an international security force and the rebuilding of the battered Palestinian enclave after more than two years of war.

But Hamas had insisted on implementing the first phase before moving to discuss its weapons. The group’s founding charter calls for armed resistance against Israel, and it has been reluctant to give up an arsenal, including rockets, anti-tank missiles and explosives, that lies at the heart of its identity.

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Hamas announced earlier this month that it had dissolved its government in Gaza and was preparing to transfer power to a technical committee backed by the United Nations as part of the ceasefire deal.
U.S. and Board of Peace officials, describing the deal to reporters on condition of anonymity under guidelines set by the White House, gave an extremely optimistic assessment of the agreement that laid out a scenario very similar to the one described by Trump and his top aides when the Board of Peace, an international body established by Trump to oversee the ceasefire in Gaza, was first formed.The officials were unable to offer specific timelines for the disarmament of Hamas or other groups that operate in Gaza such as Palestinian Islamic Jihad, but said the Gaza police force would turn over weapons to the technocratic Board of Peace-backed Gaza administration in the next two weeks.

The Gaza police force, however, does not include the vast majority of Hamas militants and heavy weaponry is not included in that part of the agreement, according to the officials.

Instead, the surrender of heavy weapons and the decommissioning of Hamas tunnels and other infrastructure are to come later in a process that could take between 200 and 350 days, a Board of Peace official said.

A U.S. official said that Israel, which has been deeply skeptical about Hamas’ willingness to give up its guns or relinquish at least behind-the-scenes control of Gaza, had been consulted at every step of the negotiation.

However, the official said Israel was not being asked to do anything more than what it had initially committed to when it agreed to Trump’s 20-point plan, which essentially involves withdrawing its forces from Gaza and committing to ending airstrikes on the territory.

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Israel’s U.N. Mission said it had no immediate comment.

The official added that Hamas sponsor Iran remains a wildcard in the equation because although it counseled Hamas members not to accept a deal, it is also not in a position to offer the group much support because it is preoccupied with the conflict with the United States.

The war in Gaza began after the Hamas-led attack on southern Israel on Oct. 7, 2023, killed around 1,200 people and saw 251 taken hostage. Israel’s retaliatory offensive in Gaza has killed more than 73,000 Palestinians, including those killed since the ceasefire, Gaza’s Health Ministry said.

Israel’s military now controls more than half of Gaza, leaving Palestinians confined to squalid tent camps and heavily damaged urban neighborhoods.

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South Korea’s Kospi index jumps more than 16% on a surge of chipmaking stocks

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South Korea’s Kospi index jumps more than 16% on a surge of chipmaking stocks
South Korea’s Kospi index jumped more than 16% on Friday, tracking gains on Wall Street as artificial intelligence-related stocks bounced back after losses earlier this week.

U.S. futures edged higher and oil prices slipped.

In early Asian trading, the Kospi surged at the open and ratcheted up, trading 16.5% higher before giving up some of those gains. By midday it was up 14% at 6,376.68. Shares of South Korean technology giant Samsung Electronics surged 21%, while memory chipmaker SK Hynix soared 24.6%.

The Kospi index had sunk more than 17% in the previous three days as investors dumped technology stocks in part over worries about an AI bubble and rising competition from chipmaking and AI rivals in China.

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The rebound followed Microsoft’s report Thursday of stronger than expected profits for the last quarter. Microsoft’s shares soared 15.5% for its best day in nearly 18 years. The strong earnings were taken as a signal that big spending on AI is translating into profits.


Traders flooded back into the market to snap up shares in tech companies that had recently swooned over doubts that the huge investments will yield adequate returns.
Despite the big jump Friday, the Kospi remains well below the peak of over 9,000 that it hit in June.Tokyo’s Nikkei 225 climbed 4.4% in early Friday trading, to 64,572.25. Multinational investment holding company and OpenAI-investor SoftBank Group jumped 15%, while chip equipment maker Tokyo Electron rose nearly 11%.

“The market went from throwing AI stocks overboard to fighting for the remaining seats before most traders had finished writing the obituary,” Stephen Innes of SPI Asset Management said in a commentary.

The dollar fell sharply against the Japanese yen overnight due to suspected intervention in the market after weeks of it trading above 160 yen, near 40-year highs.

Japan’s Nikkei financial newspaper said the intervention was coordinated, with the Federal Reserve Bank of New York conduction what is known as a “rate check” in which it asks various banks to provide exchange-rate quotes for currency trades.

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The Treasury Department did not respond to requests for comment. Japanese Finance Minister Satsuki Katayama also declined to comment.

After dropping more than 2.4%, the dollar bounced back early Friday, gaining 0.6% to 160.61 yen.

The Bank of Japan opted to keep interest rates unchanged Friday as it wrapped up a policymaking meeting. That was expected. Analysts said the suspected intervention may have been timed to pre-empt speculative moves linked to the central bank’s decisions.

“Intervention in support of the yen may not work any better now than it has previously, but the persistence of the Japanese authorities suggests to us that the yen will remain around the 160 level this year before staging a more sustained rebound next year,” Jonas Golterman of Capital Economics said in a commentary.

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The Federal Reserve likewise kept its benchmark rate unchanged at its policy meeting this week. A gap between interest rate levels in Japan and the U.S. has been a key factor behind the yen’s weakness.

The euro fell to $1.1513 from $1.1524.

Elsewhere in Asian share trading, Taiwan’s Taiex surged more than 7%. Australia’s S&P/ASX 200 added 0.4%, to 8,997.50.

Hong Kong’s Hang Seng edged 0.1% higher, to 25,894,21, while the Shanghai Composite index advanced 0.6% to 3,828.00.

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Oil prices traded lower as tensions between the U.S. and Iran keep the Strait of Hormuz, a key waterway for oil transport, largely closed.

Brent crude, the international standard, was down 1.3% to $85.76 per barrel. It was trading near $72 a barrel before the Iran war began in late February.

Benchmark U.S. crude was down 1.5% to $82.32 a barrel.

ING commodities analysts said Friday that there were signs of increased oil flows through the Strait of Hormuz, which helped ease the pressure on oil supply, with ship tracking data showing tanker crossings grew slightly, though the numbers were still limited.

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On Thursday, Wall Street’s benchmark S&P 500 gained 1.7% to 7,437.63. The Dow Jones Industrial Average added 1.2% to 52,208.06. The technology-heavy Nasdaq composite rose 2.8% to 25,122.18.

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South Korean shares surge after chip stock rout

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A man and a woman walk past an electronic screen showing 31 July's Kospi trading figures

Share prices jumped in South Korea on Friday, partly reversing a three-day rout that wiped hundreds of billions of dollars off the value of the country’s stock market.

The benchmark Kospi index was almost 17% higher in afternoon trading, driven by chip makers SK Hynix and Samsung Electronics.

It came after earnings updates from US technology giants Amazon and Microsoft helped boost optimism over the huge amounts of money being invested in artificial intelligence (AI). South Korean regulators have also announced measures aimed at curbing this week’s sell-off.

Surging chip stocks also helped push markets in Japan and Taiwan higher.

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SK Hynix, which is a major supplier to leading AI chip firm Nvidia, saw its shares gain more than 17%, while Samsung was up by 23%.

Both firms had seen their stock market value slump this week as a sell-off in artificial intelligence-related stocks deepened.

Investors had become concerned over the hundreds of billions of dollars being invested in AI by big technology firms.

In recent months stock market trading has been particularly volatile in South Korea as it has attracted large numbers of retail investors.

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South Korea’s tech-heavy Kospi has been halted multiple times this year under a stock market mechanism known as a circuit breaker, which is designed to calm panic selling.

The index had more than doubled in value this year and despite a series of big falls since hitting a record high in mid-June it is still 50% higher than it was at the end of 2025.

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FMC Corporation (FMC) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Ladies and gentlemen, thank you for joining us, and welcome to the Second Quarter 2026 Earnings Call for FMC Corporation. This event is being recorded. [Operator Instructions] I will now hand the conference over to Mr. Curt Brooks, Director of Investor Relations for FMC Corporation. Please go ahead.

Curt Brooks
Director of Investor Relations

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Good morning, and welcome to FMC Corporation’s 2026 Second Quarter Earnings Call. Today’s prepared remarks will be provided by Pierre Brondeau, Chairman, Chief Executive Officer and President; and Andrew Sandifer, Executive Vice President and Chief Financial Officer.

After prepared comments, we will take questions. Our earnings release and today’s slide presentation are available on the FMC Investor Relations website, and the prepared remarks from today’s discussion will be made available after the call.

Let me remind you that today’s presentation and discussion will include forward-looking statements that are subject to various risks and uncertainties concerning specific factors, including, but not limited to, those factors identified in our earnings release and in our filings with the Securities and Exchange Commission. Information presented represents our best judgment based on today’s understanding. Actual results may vary based on these risks and uncertainties.

Today’s discussion and the supporting materials will include

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Metro Mining Limited (MMILF) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Peter Taylor
NWR Communications Pty Ltd

Good morning, everybody. Thank you for joining us. We have the June quarter webinar report delivered by CEO of Metro Mining, Mr. Simon Wensley; and the CFO, Nathan Quinlin.

Simon will go into a discussion of the activities of the quarter and the outlook, and we’ll have time for some Q&A at the end. This video will be recorded and available for distribution.

I’ll hand it over to you, Simon.

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Simon Wensley
CEO, MD & Director

Thank you, Peter, and hello to everybody. Good morning, afternoon, wherever you are. Thank you for joining as ever and support your support of Metro Mining.

So, look, I will, as usual, sort of share on the screen the release that we put out this morning, and I hope we can see that. Yes. So, I’ll walk through this. And as Peter said, if there are any questions, put them through the chat function, and we’ll try and get to them at the end.

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So, look, a record quarter from a tonnage point of view. I’m pleased with that outcome given that we had mobilized in March to try and get an early start, and then that was — that effort was stymied by a large cyclone which came across the Cape. We didn’t get much damage or any damage on the site at all. But obviously, the shipping channel was affected by what were quite significant waves.

And so, we were able, though, I think, to come back online in April quickly and address — I think we learned a lot from last

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Holcim upgrades 2026 outlook after strong Q2 profit growth

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Holcim upgrades 2026 outlook after strong Q2 profit growth

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Rain the key as WA looks to another record crop

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Rain the key as WA looks to another record crop

Western Australia could be on track for another record crop this year, though achieving that will depend heavily on better rainfall in August.

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Optimism injection across North East companies as capital investment intentions revealed

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Two well regarded pieces of research published this week point to positive signs among North East businesses

The Lloyds Business Barometer for April shows an increase in business confidence across the North East.

The latest Lloyds Business Barometer indicates that North East firms’ confidence is outstripping those in other regions.

North East firms reported increased confidence this month thanks to feelings about their own trading and the wider economy’s performance.

Research from Lloyds Business Barometer showed North East sentiment rose 21 points to 75%, compared with 54% in June. Companies experienced significantly higher confidence in their own trading outlook month-on-month, up eight points at 80% and optimism in the economy was up 34 points to 70%.

Improved outlook on the economy was said to have been driven by better economic data or news (52%) and improving inflation or cost measures (44%). Meanwhile confidence in their own trading outlook was driven by increased investment in capacity or technology (53%) along with improved economic conditions (43%).

A net balance of 50% of businesses in the region also said they expect to increase staff levels over the next 12 months – up four points on June. Looking ahead, respondents to the longstanding survey, said the top target areas for growth were technology, including AI and automation (55%); entering new markets (45%) and evolving their offering, including launching new products or services (37%).

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Business confidence in the North East now sits above the 12-month average of 58%, with this month seeing its highest figure of 75%. Nationally, UK business confidence was up five points in July to 49% – a four-month high – driven by increased optimism about the economy thanks to falling global energy prices, the Bank of England holding interest rates and the announcement of an interim peace agreement in the Middle East at the time of the survey.

Martyn Kendrick, regional director for North East at Lloyds, said: “It is fantastic to see North East business confidence reach such a high, underlining the strength, ambition and resilience of firms across the region. Even more encouragingly, that optimism is being matched by clear plans for growth. Businesses are looking to invest in AI and automation, explore new markets and expand their teams over the year ahead.

“This record level of confidence reflects the real momentum building across the North East, and we will continue to support businesses as they invest, grow and seize the opportunities ahead.”

The Business Barometer findings come shortly after a separate piece of Lloyds research, which suggests more than half of North East firms plan to increase capital investment over the next year. That put the region above the 47% UK average, and on a similar level to London and the South East, with just 7% of firms expecting a decrease.

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Amanda Murphy, CEO for Lloyds Business and Commercial Banking, said: “Despite heightened geopolitical uncertainty, it’s encouraging to see businesses planning to increase their capital investment. Firms need the right conditions to invest – whether that’s investing in AI, new technology, upgrading equipment or expanding capacity. It’s interesting that, while many businesses have already secured funding for investment, a significant proportion have yet to deploy it.

“Investment drives productivity, competitiveness, and long-term growth. Ensuring businesses have the confidence, funding and support to move forward will be critical. By helping firms unlock investment, we can support growth, boost productivity and strengthen the UK’s economic outlook.”

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