Australia's Sims tops benchmark gains on positive FY25 start
** Shares of Sims Ltd SGM.AX soar as much as 9.6% to A$12.090, hitting their highest since late April
** Stock currently up 9.1% as of 0055 GMT; tops benchmark gains
** The metals recycler says it expects all its metals businesses to deliver operating earnings of A$55 million in Q1 FY25; on track to contribute to a good start to present fiscal year, especially its North America Metal unit
** "SGM's trading update reflects an improvement in U.S. domestic scrap markets after a period of difficulty sourcing scrap in North America," analysts from Jefferies say
** Shares set to see best day since mid August - if current trend holds
** Including session's moves, stock has fallen ~22.9% YTD
Reporting by Archishma Iyer
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