{"id":126926,"date":"2025-10-17T00:30:08","date_gmt":"2025-10-17T00:30:08","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/126926\/"},"modified":"2025-10-17T00:30:08","modified_gmt":"2025-10-17T00:30:08","slug":"shares-retreat-from-record-highs-iress-expands-bidders-search-nexgen-raises-1-billion-shares-iluka-hit-by-key-clients-plant-sale","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/126926\/","title":{"rendered":"Shares retreat from record highs; Iress expands bidders\u2019 search; NexGen raises $1 billion shares; Iluka hit by key client\u2019s plant sale."},"content":{"rendered":"

The Australian sharemarket slipped on Friday, tracking Wall Street lower on concerns about systemic stress in credit markets and tariff frictions between the US and China.<\/p>\n

The benchmark S&P\/ASX 200 Index fell 0.4 per cent or 31.6 points to 9036.80 in the opening 10 minutes, pulling away from a record high set in the previous session.<\/p>\n

Nine of the 11 sectors were in the red, led by energy and tech stocks. Life360<\/strong> fell 4.6 per cent and WiseTech<\/strong> lost 0.9 per cent.<\/p>\n

There was, again, a lot of action in commodities. Gold miners rose, in line with a fresh record high in the precious metal. Evolution Mining<\/strong> and Newmont<\/strong> rallied more than 3 per cent. <\/p>\n

Critical minerals, however, slumped. This comes as the sector will feature high on the agenda during Albanese\u2019s first face-to-face meeting with the US president at the White House on Monday. The Labor government is hoping Australia\u2019s supply of critical minerals could be used as leverage<\/a> to convince the US to eventually drop the tariffs it has imposed on its close ally.<\/p>\n

Pilbara Minerals<\/strong> fell 3.7 per cent, Mineral Resources<\/strong> retreated 2.6 per cent and IGO<\/strong> dropped 3.7 per cent. The big miners were mixed with BHP<\/strong> down 0.5 per cent and Rio Tinto<\/strong> up 0.7 per cent.<\/p>\n

Iluka<\/strong> was the biggest loser, down 13 per cent after pulling its sales forecast on uncertainties relating to a key customer. Venator is selling its UK plant to LB Group, potentially affecting Iluka\u2019s 2025-2027 synthetic rutile supply contracts. <\/p>\n

Elsewhere on the ASX, the big banks edged up.<\/p>\n

Stocks on the move<\/p>\n

In corporate news, dual-listed uranium miner NexGen Energy<\/strong> fell 4.3 per cent after raising $C950 million ($1 billion) in a global equity offering to finance its Rook 1 project in Canada.<\/p>\n

New Zealand transport software business EROAD<\/strong> cratered 37 per cent after flagging an up to $NZ150 million ($132 million) impairment due to challenging conditions in the US market and cutting earnings guidance.<\/p>\n

Stockbroking platform Iress<\/strong> rallied 5.2 per cent on news it was engaging with new third parties, in addition to the ones that have previously expressed interest in the company.<\/p>\n

Southern Cross Media Group<\/strong> eased 1.8 per cent after it confirmed the ASX granted a listing rule waiver for its proposed merger, which involves buying outstanding Seven West Media<\/strong> shares via a scheme of arrangement. Seven West<\/strong> fell 2.1 per cent.<\/p>\n

Adore Beauty<\/strong>\u2019s share price jumped 7.5 per cent following the appointment of Jason Murray as an independent non-executive director, with an expectation he will be elected chairman at the November 21st AGM.<\/p>\n

Vulcan Energy<\/strong> dropped 9 per cent despite striking a partnership deal with JordProxa to provide technology and equipment for its Phase One Lionheart lithium project in Germany.<\/p>\n","protected":false},"excerpt":{"rendered":"The Australian sharemarket slipped on Friday, tracking Wall Street lower on concerns about systemic stress in credit markets…\n","protected":false},"author":2,"featured_media":96151,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[79,18,19,17,188],"class_list":{"0":"post-126926","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-eire","10":"tag-ie","11":"tag-ireland","12":"tag-markets"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/126926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=126926"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/126926\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/96151"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=126926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=126926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=126926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}