Amplia Therapeutics (ASX:ATX) has announced a change in its senior management team.

Tim Luscombe will be stepping into the role of Chief Financial Officer, succeeding Hamish George.

Amplia Therapeutics is a biotechnology company focused on developing advanced therapies for serious illnesses.

Mayur Resources has announced a fiscal year loss from continuing operations of A$13.2 million.

This represents a decrease from the previous year’s loss of A$15.6 million.

Mayur Resources is an Australian company involved in minerals and energy exploration, and development projects in Papua New Guinea.

Jefferies analysts convey a cautiously optimistic outlook on Aussie Broadband (ASX:ABB), declaring the stock fully valued and lowering the rating to a ‘hold’ status.

The analysts applied a 3.5% terminal growth rate in the discounted cash flow, noting that with Aussie Broadband trading at A$4.15, this indicates a -10% downside, which results in a ‘hold’ rating.

Despite this, the brokerage identifies numerous areas where the telecom services provider could surpass their medium-term expectations, notably in the Wholesale sector.

Jefferies also hold the view that the uniform group gross profit margins could be elevated by an advantageous shift into the Business segment.

However, because a majority of Australian households are hooked up to the National Broadband Network, analysts suggest there might be less incentive to switch to a different carrier, potentially leading to the breakout of price competition.

As of the most recent closure, Aussie Broadband’s stock has ascended by 59.4% YTD.

Aussie Broadband is a telecom services company based in Australia.

Brokerage Morningstar has stated their belief that the proposed buyout of horticulture company Costa Group (ASX:CGC) by U.S.

fund manager Paine Schwartz is expected to proceed, citing that the firms have entered a scheme implementation deed.

The buyout offer is seen as attractive by Morningstar who highlighted its valuation representing a 22% premium to Costa’s last closing price before the proposal and a 3% premium to their standalone valuation.

Further, Morningstar has upgraded their fair value estimate to A$3.20 from A$3.18 as they anticipate the deal’s progression.

Morningstar said, ‘We expect Costa’s robust earnings growth to persist in the near term.’ The brokerage forecasts Costa to expand its Australian market share to approximately 20% over the next five years from 15% at present.

Out of 10 analysts, 4 rate the stock ‘buy’ or higher, 6 ‘hold’; their median price target is A$3.08, according to LSEG data.

Costa Group’s stock has seen a rise of 12.4% this year, until the last close.

Costa Group is a horticulture company known for its wide range of produce.

Morningstar continues to hold an optimistic view on Nufarm, despite the potential challenges posed by current El Nino weather conditions.

The brokerage retains a fair-value estimate of A$7.70 for this agricultural chemicals company.

The firm’s analysts are maintaining their forecast for underlying fiscal 2023 earnings before interest, tax, depreciation, and amortization (EBITDA) at A$482 million, a 7% rise from fiscal 2022’s A$451 million.

Factors such as the normalization to high agricultural commodity prices and El Nino are identified as potential drivers.

However, trait revenue growth, particularly from omega-3 canola, could prove to be a significant spark for share price appreciation, according to Morningstar.

The brokerage holds the belief that the growing need for food in industrializing nations will underpin Nufarm’s long-term earnings growth.

Moreover, they anticipate that in partnership with Sumitomo Chemical, Nufarm will realize significant growth in its offshore markets.

As of the last closing, the stock has observed a decrease of 22.5% year-to-date.

Nufarm is an agricultural chemical company that delivers solutions to help farmers improve crop yield and quality.

Regional Express Holdings (ASX:REX) declared that it would be making further reductions to its regional network.

As the major air carriers, especially Qantas, persistently ‘pillage’ Rex’s pilot group, the airline is also temporarily halting services between Sydney and Armidale until no less than March 30, 2024.

The announcement of service cuts on seven other regional routes, which was made public on 21 April, will also persist for at least five more months.

Additionally, the company is discontinuing its service on the Cairns-Bamaga route in Far North Queensland.

However, they intend to revert to the standard flight schedules from 31 March 2024.

Regional Express Holdings is an Australian airline that serves regional and remote areas.

Cazaly Resources (ASX:CAZ) has slightly delayed its exploration activities at the Sundown Lithium Project until mid-October.

The company has also rescheduled on ground activities at the Sundown Lithium Project to mid-October.

The initial exploration activities will now commence after the hunting season, which ends on October 15.

The company acknowledges the importance of the Wemindji Cree nation community’s traditional activities.

Cazaly Resources is a mining and metal company focusing on the discovering, developing, and monetizing mineral resources globally.

This fiscal year and onwards, Fortescue (ASX:FMG) will cease purchasing carbon offsets.

All funds previously allocated towards this initiative will subsequently be redirected to Fortescue’s decarbonization plan with the aim of achieving ‘Real Zero’ by 2030.

The company’s short-term objective is for emissions to peak by 2025/26, due to the introduction of a new mine.

By 2024 and 2025, Fortescue expects to complete its first 100MW solar farm, among other projects.

Already, the first battery electric haul truck is operational on site as the company prepares to replace its current fleet with vehicles yielding zero emissions.

Several key milestones have already been achieved towards eliminating terrestrial scope 1 and 2 emissions from its Australian iron ore operations by 2030.

Moving forward, Fortescue will focus on eliminating the millions of litres of diesel it uses annually rather than offsetting them.

The final investment decision on an additional three solar farms is anticipated to be reached during 2024 and 2025.

Furthermore, during this same period, Fortescue plans to make final investment decisions on electrical distribution and charging infrastructure for the first two environmentally-friendly mine sites and port operations.

Fortescue is a global leader in the iron ore industry.

Macquarie has downgraded its rating on Australian banks to ‘underweight’, citing cost pressures due to rising expenses.

The brokerage anticipates cost growth to be 1-5% above the consensus estimate of a 2-3% increase for the financial years 2024-2025, driven by escalating wage costs.

Staff costs reportedly constitute around 55% of bank expenses.

Earnings estimates for ANZ Group Holdings (ASX:ANZ), CBA (ASX:CBA) and NAB (ASX:NAB) have been cut by approximately 1% each, projected through to FY25.

Westpac Banking Corp (ASX:WBC), however, is the exception with a lower expense forecast.

Macquarie has also lowered recommendations on regional lenders Bendigo and Adelaide Bank (ASX:BEN) and Bank of Queensland (ASX:BOQ) to ‘underperform’ from ‘neutral’.

Among the ‘big four’ banks, so far this year ANZ has seen a rise of 5.9%, while CBA, NAB and WBC shares have fallen 2.5%, 4.4% and 10.1% respectively.

Macquarie Group is a global financial services firm providing banking, financial advisory, investment and funds management services.

Shares of Australian mineral explorer Sultan Resources (ASX:SLZ) saw a 4.2% increase to A$0.025.

If these gains persist, it will be their best performance since August 25.

The company reported a priority lithium target area identified within the interpreted ‘Goldilocks’ Zone in their Ruddy Project, located in Canada.

Subsequently, a priority zone for further future work was confirmed and refined.

However, Sultan Resources (ASX:SLZ) stock still stands at a decline of 71.8% YTD, as of the last closing compared to a 0.38% increase in the benchmark S&P/ASX 200 index.

Sultan Resources is an Australian-based mineral exploration company.