Why is everyone talking about ANZ, Evolution Mining and Coles shares on Friday?

ANZ, Evolution Mining and Coles shares are turning heads today. But why?

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Evolution Mining Ltd (ASX: EVN), ANZ Group Holdings Ltd (ASX: ANZ) and Coles Group Ltd (ASX: COL) shares are attracting heightened investor interest on Friday.

Two of the large-cap ASX stocks are outperforming the 0.9% gains posted by the S&P/ASX 200 Index (ASX: XJO) as we head into the Friday lunch hour, while one is lagging that performance.

Here's why these companies are making headlines today.

A cute little kid in a suit pulls a shocked face as he talks on his smartphone.

Image source: Getty Images

Coles shares gain on revenue growth

Coles shares are up 1.6% at time of writing, changing hands for $22.47 apiece.

Investors are bidding up the ASX 200 supermarket giant following the release of Cole's March quarter update (Q3 FY 2026).

Highlights for the 12 weeks to 29 March included a 3.1% year-on-year increase in revenue to $10.70 billion.

The company's eCommerce division was a standout performer, with eCommerce sales up 24.8% from Q3 FY 2025 to $1.33 billion.

"We delivered another strong sales result reflecting the strength of our customer offer and disciplined execution against our strategic priorities," CEO Leah Weckert said of the results helping lift Coles shares today.

Evolution Mining shares jump on increased gold reserves

Like Coles shares, Evolution Mining shares are also outperforming today.

Shares in the ASX 200 gold stock are trading for $12.15 each at time of writing, up 2.1%.

This follows the release of the Aussie gold miner's Mineral Resources and Ore Reserves Statement.

Evolution Mining reported that over the year its Mineral Resources have grown to 31 million ounces of gold and 4.2 million tonnes of copper. The miner's contained gold increased by 900,000 ounces, or 3%.

"This demonstrates the scale and longevity of our long-life, high-quality portfolio, complemented by our current expansion studies that offer further upside," Evolution Mining CEO Lawrie Conway.

Which brings us to…

ANZ shares slip despite cash profit surge

Joining Evolution Mining and Coles shares in the financial headlines today we have ANZ.

Shares in the ASX 200 bank stock are down 1.3% at time of writing, trading for $36.16 each.

That fall comes despite ANZ reporting some solid half year results this morning.

Over the six-month period, ANZ achieved a cash profit of $3.78 billion, up 70% from the prior half.

On the passive income front, ANZ declared an interim dividend of 83 cents per share, franked at 75%. That's in line with last year's interim dividend.

"Our transformation is running at pace, and we are making good progress in executing our five immediate priorities safely, sustainably, and on time," ANZ CEO Nuno Matos said.

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on ASX Share Market News

A neon sign says 'Top Ten'.
Share Gainers

Here are the top 10 ASX 200 shares today

It wasn't a great Friday session for the ASX.

Read more »

three excited doctors with hands in the air
Broker Notes

Buy, hold, sell: Super Retail, APA, Sonic Healthcare shares

As earnings season continues, brokers have issued new ratings on these 3 ASX 200 shares.

Read more »

Stressed businessman sits in panic amid digital stock market financial background.
Share Fallers

Why Megaport, Lendlease and JB Hi-Fi shares all crashed 14% to 15% this week

ASX investors punished Lendlease, Megaport, and JB Hi-Fi this week. But why?

Read more »

three young children weariing business suits, helmets and old fashioned aviator goggles wear aeroplane wings on their backs and jump with one arm outstretched into the air in an arid, sandy landscape.
Share Gainers

3 ASX 200 stocks, including CSL, leaping 15% to 23% in this week's sliding market

Investors sent CSL shares and these two ASX 200 stocks soaring in this week’s sinking market. But why?

Read more »

Businesswoman with a pleased smile reading on her laptop at a desk in the office with a look of satisfaction.
ASX Share Market News

8 ASX shares just upgraded by the experts

Brokers have increased their ratings on CSL, IAG, Fortescue, A2 Milk, and others this week. 

Read more »

A woman in a red dress holding up a red graph.
Broker Notes

3 ASX shares UBS says will return better than 36%

These three companies have big things ahead, according to UBS.

Read more »

A woman is excited as she reads the latest rumour on her phone.
ASX Share Market News

Why Guzman Y Gomez, Pro Medicus and James Hardie shares are turning heads on Friday

Pro Medicus, Guzman Y Gomez, and James Hardie shares are creating a buzz on Friday. But why?

Read more »

Young successful engineer, with blueprints, notepad, and digital tablet, observing the project implementation on construction site and in mine.
Broker Notes

Up more than 200% over a year, could this ASX lithium company double again?

The potential upside on these shares might surprise.

Read more »