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Speaker 1: Welcome to the Fear and Greed Business Years Afternoon Report

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Speaker 1: for Thursday, the eighth of May twenty twenty five. I'm

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Speaker 1: suan Aylmer. Every afternoon, we've got the five stories that

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Speaker 1: happened today that you need to know about. Sorry number one.

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Speaker 1: The SMPA six two hundred closed up just to touch

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Speaker 1: zero point one five percent to eighty one hundred and

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Speaker 1: ninety two points today. Confession season continues to dominate, with

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Speaker 1: plenty of news flowing out of the McQuary Annual Conference.

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Speaker 1: In terms of larger CAPP share prices, Westpac tumbled another

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Speaker 1: four percent today following its earnings announcement on Monday. Ain

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Speaker 1: Z for one percent after reporting a flat half year profit,

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Speaker 1: CSL mcquarie in Woodside all dropped around one percent, while

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Speaker 1: National Australia Bank and Telstra outperformed. Story number two in

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Speaker 1: corporate news. Promedicus rose after inking a twenty million dollar

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Speaker 1: five year contract through its US subsidiary Visage Imaging with

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Speaker 1: Iowa Healthcare. Mexican fast food chain GUZMANI Gomez also jumped

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Speaker 1: after saying it would exceed full year net profit guidance,

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Speaker 1: while chief executive Stephen Mark said the business is beefing

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Speaker 1: up investment and staff numbers in the US. Brevill CEO

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Speaker 1: Jim Clayton said he believes taris are a short term issue.

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Speaker 1: Breviel's share price has been hit hard by the Trump

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Speaker 1: imposts previously, and Pendall, which is the biggest institutional shareholder

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Speaker 1: in nine Entertainment, said it expects the co Star purchase

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Speaker 1: of domain to go ahead and now nine own six

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Speaker 1: percent of Domain. Co Stars trying to buy Domain. Pendall

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Speaker 1: reckons nine will end up paying about one point two

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Speaker 1: billion dollars in dividends as a result. Sorry number three

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Speaker 1: toll road group Transurban is cutting about seven percent of

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Speaker 1: its global workforce for about three hundred jobs as it

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Speaker 1: faces angry commuters refusing to use toll roads. The job

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Speaker 1: losses will be in Sydney, Melbourne, Queensland and North America. Similarly,

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Speaker 1: another listed infrastructure group, Horizon, says it will cut about

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Speaker 1: two hundred jobs now. Transurban's goal is to cut costs

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Speaker 1: by more than fifty million dollars annually. It owns eleven

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Speaker 1: of Sydney's thirteen toll roads, by far its biggest market.

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Speaker 1: There's been a backlash against tolls in that city and

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Speaker 1: the new South Wales government is talking too transurban about

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Speaker 1: restructuring Faares. Its share price was down one point two

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Speaker 1: percent yesterday, though it's up seven percent this year. Story

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Speaker 1: number four Explosive groups Aurica reported a net loss after

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Speaker 1: tacks of eighty million dollars owing to a huge restructuring

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Speaker 1: hit from its Latin American operations, but as share price

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Speaker 1: jumped eight percent today, one of the best of the

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Speaker 1: ASX two hundred. Net profit excluding those significant items rose

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Speaker 1: forty percent year on year. That's to about two hundred

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Speaker 1: and fifty million dollars. Investors like that. The commercial explosives

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Speaker 1: manufacturer lifted its interim dividend to twenty five cents, six

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Speaker 1: cents higher than last year's dividend. The company said full

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Speaker 1: year earnings were expected to increase due to higher earnings

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Speaker 1: across all regions and segments, while costs including acquisitions, would

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Speaker 1: remain flat on the prior year. Finally, story number five

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Speaker 1: Toyota has warned that its profit will drop by more

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Speaker 1: than twenty percent this fiscal year due to the fallout

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Speaker 1: from Donald Trump's trade war with the U. The UK

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Speaker 1: now likely to reach a deal with the US on

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Speaker 1: tariff at some point in the next forty eight hours

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Speaker 1: or so, countries like Japan will be queuing to get

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Speaker 1: in the door to have a meeting with Donald Trump

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Speaker 1: to cut tariffs with them now. The US President has

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Speaker 1: recently offered relief to car makers to soften the impact

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Speaker 1: of his twenty five percent tariffs on imports of foreign

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Speaker 1: made cars and parts. Tyata and other Japanese manufacturers export

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Speaker 1: some of the vehicles they sell in the US from Japan. Now,

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Speaker 1: the evolving nature of Trump's tariffs has thrown the global

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Speaker 1: car industry into turmoil. According to the Ft and Saydes Benz,

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Speaker 1: Volvo cars Forward have all pulled their guidance. General Motors

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Speaker 1: warned of a big hit to its profit. That's it

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Speaker 1: for the Afternoon Report for Thursday, the eighth of May

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Speaker 1: twenty twenty five. Make sure you hit follow on the podcast.

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Speaker 1: We will be back tomorrow morning with the Friday edition.

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Speaker 1: The Fast five Business Years by Fear and Greek. I'm

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Speaker 1: Sean Elma. Enjoy your easy