Plenti of Profits, Too Few Fans
Is financial group Plenti paying the price of success after transforming itself from a fintech full of speculative promise into a company with actual revenues and earnings?
Read MoreIs financial group Plenti paying the price of success after transforming itself from a fintech full of speculative promise into a company with actual revenues and earnings?
Read MoreThe slide in global iron ore prices continued on Monday, taking the key steelmaking commodity deeper into correction territory and into a bear market in the case of the lower quality 58% Fe fines produced by Fortescue Metals.
Read MoreElon Musk sent the price of Bitcoin higher on Monday afternoon in the US after he tweeted that he had been talking to American miners of bitcoin about sustainability.
Read MoreShares in gaming machine maker Aristocrat Leisure rose slightly yesterday after investors gave their interim result the thumbs up, especially for the return to interim dividends.
Read MoreFreedom Foods has successfully completed a $265 million recapitalisation that it hopes will ensure the ongoing viability of the business and pay down debt following its near collapse late last year.
Read MoreInvestors seem to have forgiven Kogan, sending the shares up by nearly 15% – a very different experience from Friday’s sell-off that saw them plunge after a profit downgrade.
Read MoreNuix told the ASX yesterday that its board has set up an independent sub-committee to address criticism of poor corporate governance and weak management oversight.
Read MoreWorries about inflation and the sliding cryptocurrency market thanks to Chinese Government intervention will dominate financial markets again this week.
Read MoreThere will be some low-level economic data releases and central bank decisions this week, while in Australia it’s the start of the lead up to the release of the March quarter National Accounts and GDP figures.
Read MoreChina whacked cryptocurrencies hard again on Friday, but this time the comments were aimed at sector leader Bitcoin and the risks it and its competitors pose to the country’s financial stability.
Read MoreIron ore fell sharply again on Friday, pushing prices into correction territory, and other majors were weaker as well with the exception of gold, which rose 2% for the week.
Read MoreThe US Treasury has thrown a major obstacle at cryptocurrencies like Bitcoin by demanding that all transactions of $US10,000 and above have to be reported to the US tax department, the IRS.
Read MoreOnly in Hollywood could a deal that sees the creation of a new player out of two existing groups be pictured as a dramatic twist but that’s what we saw this week with the AT&T-Warner Media – Discovery shuffle.
Read MoreAustralia will lose share to Brazil in the global iron ore market over the next five years because of the latter’s high grade reserves and exports, according to a new report from Fitch Solutions.
Read MoreBig global investors continue to be nervous about higher inflation but that isn’t stopping them remaining very bullish about the outlook, according to the Bank of America Global Fund Manager Survey for May.
Read MoreKogan.com, one of the tech sector’s leaders, sharply downgraded June 30 earnings forecasts on Friday because of a slew of problems that have worsened as the year has gone on.
Read MoreDespite the prospect of more red ink, Qantas shares rose yesterday as investors liked the news of an upsurge in domestic travel, peaking debt, more job cuts and a two-year wage freeze.
Read MoreInvestors took Nufarm shares higher yesterday, despite a clear warning that second half earnings will come in much lower than those for the six months to the end of March.
Read MoreAs Australia’s jobless rate eased to a post-Covid low of 5.5% in April from March’s revised 5.7%, Qantas revealed plans to add to the pool of unemployed and freeze wages for two more years.
Read MoreWhile meat and cattle sales were lower at Australian Agriculture Co in 2020-21, the beef giant still managed to boost its profit as the price for Wagyu beef rose.
Read MoreCopper prices fell more than 3% on Wednesday after China said it will strengthen its management of commodity supply and demand and crack down on any “unreasonable” increases in prices.
Read MoreNot surprisingly, there’s more red ink at Qantas, with the airline forecasting a loss of more than $2 billion for the year to June.
Read MoreThe great crypto rout continues with Bitcoin shedding 30% amid fears that Chinese regulators would intensify a crackdown on financial institutions using digital tokens.
Read MoreShares in AI services provider Appen bounced back with a strong relief rally to close up 17% at $13.20 on a day when the wider market suffered its biggest selloff since February.
Read MoreGrainCorp spin-off United Malt Group says its first half revenue and profit was sapped by COVID lockdowns that forced widespread retail closures and lower in-venue alcohol consumption.
Read MoreYesterday’s weak WPI data met expectations and today’s jobs data will likely confirm that the ending of JobKeeper has done little to interrupt the employment rebound.
Read MoreMore losses for online travel and accommodation agency Webjet have underlined the sector’s continuing problems with the pandemic and closed borders with a result again strewn with red ink.
Read MoreShares in EML Payments lost more than 40% of their value when it confirmed media reports that a business it bought in Ireland had major problems with a key regulator.
Read MoreWalmart has kicked off retail earnings week with a second quarter performance that beat expectations and saw it boost its full year guidance.
Read MoreKathmandu Holdings ran a global search for its new CEO to replace the departing Xavier Simonet and found the candidate at home – literally.
Read MoreJames Hardie has confirmed it will resume paying ordinary dividends later this year after reporting a 9% increase in full-year net profit to $US262.8 million ($338.2 million).
Read MoreWarren Buffett’s Berkshire Hathaway has quit almost all of its stake in US bank Well Fargo that was once one of his so-called ‘pillar’ stocks (along with Amex and Coca Cola).
Read MoreSome balance sheet and operational house cleaning yesterday from Woodside Petroleum and gold miner St Barbara Mining, while South32 had a promising update for shareholders.
Read MoreAt face value the AT&T-Discovery deal might be the creation of the 5th biggest streaming video player around the globe, but it is so much more than that for both of the parties involved.
Read MoreDespite the government’s moves to curb annual production to reduce pollution and capacity and surging iron ore prices, China’s crude steel output hit an all-time high in April.
Read MoreWe have been pointing out for more than a month now small misses and blips in Chinese economic data, but car and iPhone sales are solid, so it’s not all bad news.
Read MoreAs expected, it was a miserable interim result for Incitec Pivot thanks to unexpected and very expensive plant outages at a major plant in the US state of Louisiana.
Read MoreShares in rural services giant Elders dropped yesterday despite the company announcing a 40% lift in profits and rewarding shareholders with a sharp increase in interim dividend.
Read MoreShares in Crown Resorts held up yesterday despite the embattled casino group telling one would be suitor to go away, opening the door for a marriage to Sydney based rival group Star.
Read MoreThe merger talks between AT&T/Warner and Discovery show that the streaming video business has started consolidating, even though to most investors it is the most recent example of ‘new’ digital media.
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