Why is everyone talking about IGO, Iluka Resources and Web Travel shares on Tuesday?

Web Travel, Iluka, and IGO shares are making waves on Tuesday. 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

Iluka Resources Ltd (ASX: ILU), IGO Ltd (ASX: IGO), and Web Travel Group Ltd (ASX: WEB) shares are grabbing headlines on Tuesday.

And all three are solidly outpacing the 0.4% losses posted by the S&P/ASX 200 Index (ASX: XJO) as we head into the lunch hour.

Here's what's catching ASX investor interest.

A young woman holds her hand to her ear and leans sideways as if to listen to something that's surprising her as her eyes and her mouth are wide open.

Image source: Getty Images

Web Travel shares leap on positive guidance

Web Travel shares are topping the charts today, up 12.6% and trading for $3.17 each.

While that leaves shares in the ASX 200 travel stock down 31.6% over 12 months, shares have now rocketed 37.7% since last Monday, 20 July.

Today, investors are responding positively to the company's first-half FY 2027 guidance update and share buyback news.

The company forecasts its WebBeds business to deliver an 11% to 15% year-on-year increase in H1 revenue (in euros).

And management expects H1 underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) in the range of AU$80 million and AU$86 million.

"Our WebBeds business continues to deliver TTV growth with enhanced margin," managing director John Guscic said.

Web Travel shares also look to be getting a lift from the company announcing an on-market buyback of up to $90 million worth of shares.

Iluka shares jump on H1 results

Joining Web Travel shares in turning heads today, Iluka Resources released its first-half (H1 2026) results this morning.

Shares in the ASX 200 rare earths miner are up 5% on the heels of those results, changing hands for $6.12 apiece.

Iluka shares are outperforming despite the miner reporting a 22.4% year-on-year decline in mineral sands revenue to $433 million.

Unaudited underlying mineral sands EBITDA for H1 came in at around $40 million.

Which brings us to…

IGO shares lift on revenue boost

Like Iluka and Web Travel shares, the IGO share price is outperforming today.

At the time of writing, shares in the ASX 200 mining stock are up 1.8% at $6.87 apiece.

This follows the release of IGO's fourth-quarter update (Q4 FY 2026).

Highlights for the three months included an 18% quarter-over-quarter increase in sales revenue to $141 million.

And on the lithium front, IGO reported a 10% increase in spodumene production from Greenbushes to 387,000 tonnes.

"IGO finished FY26 with strong operational momentum across key parts of the business, improved Group safety performance and a stronger cash position," IGO CEO Ivan Vella said.

"Greenbushes also delivered a stronger final quarter, with improved production, stronger realised pricing and an 80% EBITDA margin," he added.

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

Man and woman sitting at table with the man looking a bit puzzled at his laptop.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a rough end to a tough week this Friday for investors.

Read more »

Drone flying in the sky.
Opinions

DroneShield shares are down 75%. Could this huge short bet backfire?

Could this heavily shorted ASX stock be ready to bounce?

Read more »

Teen standing in a city street smiling and throwing sparkling gold glitter into the air.
Broker Notes

9 ASX shares just upgraded by the experts

Several ASX 200 gold miners are in the mix.

Read more »

A guys points his fingers down.
Broker Notes

6 ASX shares downgraded by brokers this week

Brokers cut their ratings on Elders, Charter Hall Retail REIT, Sims, and other stocks this week. 

Read more »

A shadow bear faces a man against the backdrop of a falling share price.
ASX Share Market News

ASX 200 tumbles to a 2-month low and wipes out its 2026 gains. What on earth is going on?

The market sell-off is getting harder for investors to ignore.

Read more »

Higher interest rates written on a yellow sign.
ASX Share Market News

Brace for impact! Why Citi forecasts 2 more RBA interest rate hikes in 2026

ASX investors and mortgage holders should be prepared for more RBA interest rate hikes in 2026. Here’s why.

Read more »

A construction worker sits pensively at his desk with his arm propping up his chin as he looks at his laptop computer.
Gold

Down 16%, could this $2 billion activist bet wake up Northern Star shares?

A major activist investor is turning up the pressure.

Read more »

A man clenches his fists in excitement as gold coins fall from the sky.
Broker Notes

Morgans says these ASX shares could return 48% to 95%

The broker is recommending these shares to investors this week.

Read more »