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ATO Alleges Adgemis Companies Claimed $1B in Fake Expenses, Pocketed $78M in GST Refunds
ATO alleges Jon Adgemis’ JAGA Group Constructions claimed $1.05 billion in fake expenses and received $78 million in GST refunds between March 2021 and July 2024 during Federal Court examination.
Spirax Group (LON: SPX) Shares Tumble 10% Despite H1 Revenue Rising 5% to £863.8 Million
Spirax Group (LON: SPX) shares fell nearly 10% on Tuesday, August 11, 2026, even as the industrial engineering company reported stronger first-half results. Revenue rose 5% year on year to £863.8 million, while adjusted operating profit increased 8% to £171.1 million. The sell-off came as investors focused on the company’s unchanged full-year outlook. With expectations…
FTSE 100 Today: UK Stocks Fall as U.S.-Iran Tensions and Weak Retail Data Weigh, Gold Drops 0.57%
The FTSE 100 came under pressure on Tuesday, August 11, 2026, as renewed U.S.-Iran tensions pushed oil prices higher and added to inflation concerns. Brent crude moved towards $90 a barrel as uncertainty around the Strait of Hormuz increased. At the same time, weaker UK retail sales raised concerns about consumer demand. Gold also slipped…
PNE AG (ETR: PNE3) Shares Plunge Over 20% as Takeover Bids Fall Below Current Market Price
PNE AG shares have plunged more than 20% since Monday’s disclosure that takeover bids fell short of expectations. The German wind farm developer confirmed potential acquirers priced below the company’s current market valuation. PNE AG’s stock hit its lowest level since late April on Tuesday, August 11, 2026. The uncertainty now clouds a sale process…
Intel (NASDAQ: INTC) Upsizes Stock Offering to $20 Billion at $95 a Share, Stock Gains 1% Premarket
Intel Corporation priced an upsized $20 billion common stock offering on August 11, 2026. The chipmaker sold 210,526,315 shares at $95 per share, up from an initial $15 billion target announced Monday. Intel shares gained about 1% in premarket trading Tuesday, recovering after Monday’s 4% drop. The deal reflects surging demand for Intel’s foundry buildout…
Woolworths Ooshies Banned at Schools Across Australia and New Zealand on August 11
Woolworths Ooshies banned at Somerset College and Bellevue Park State School in Queensland due to distractions, theft, and student conflicts. The promotion runs until August 23.
KPI Green Energy (NSE: KPIGREEN) Shares Tumble 9% to ₹336 as Q1 FY27 Profit Drops 17% YoY to ₹86 Crore
KPI Green Energy shares came under heavy selling pressure on August 11, 2026, after the renewable energy company reported a weaker Q1 FY27 profit. The stock fell 9% to an intraday low of ₹336, compared with its previous close of ₹369.25. The main concern was a 17% year-on-year drop in net profit to ₹86 crore,…
Technocraft Ventures IPO Subscription Hits 6.98x on Day 3 as NII Demand Leads
Technocraft Ventures IPO closed its subscription window Tuesday, August 11, 2026, at 6.98 times overall. Non-institutional investors drove the strongest demand, pushing this EPC infrastructure issue well past full subscription. The ₹251.88 crore mainboard IPO priced shares between ₹200 and ₹212. Strong grey market activity suggests investors expect a solid listing debut this week. Technocraft…
RBA Holds Rates at 4.35% on August 11, Signals More Hikes Possible
RBA holds cash rate at 4.35% on August 11, 2026. Board signals inflation still too high and threatens further hikes if needed, as falling house prices begin to slow income growth.