AMP to Sell off Part of Capital Arm
Struggling AMP has sold a stake in its key asset, AMP Capital to its one time US suitor, Ares in a $2.25 billion transaction.
Read MoreStruggling AMP has sold a stake in its key asset, AMP Capital to its one time US suitor, Ares in a $2.25 billion transaction.
Read MoreIt was always accepted that online retailer Kogan was doing well in the pandemic – its numerous updates in 2020 told us so, but the interim results for 2020-21 tell us the boom has continued.
Read MoreThe ASX faces sharp losses today with ASX futures down 85 points after a wild day on global markets. The Share Price Index was down 110 points before a small rebound trimmed the day’s loss to around 1.2%.
Read MoreStockland faces a cut in second half earnings even though it has seen a rise in housing settlements that has helped underpin earnings and turn around their retail town centres.
Read MoreBega Cheese has won the right to use its own brand on its peanut butter and other products after a ruling in favour of the company in Victoria’s Supreme Court yesterday.
Read MoreShares in A2 Milk crashed 20% at one stage yesterday after another downgrade was revealed and suggestions another could be in the offing, with no sign of an improvement in sales growth into China.
Read MoreWhile Afterpay shares were suspended until Monday to allow the company to raise $1.25 billion, shares in BNPL rival Zip took a hammering after an unimpressive interim report.
Read MoreTPG Telecom, the country’s third biggest telco, declared a maiden dividend of 7.5 cents a share as the contribution from Vodafone Australia kicked in.
Read MoreQantas shares closed higher in Thursday trade after the airline announced it was aiming for an October resumption of international flights after establishing a travel bubble with NZ in July.
Read MoreAfterpay is building up its forces to step up its attack on the US retail credit market, revealing on Thursday that it will spend $373 million on increasing its ownership of the company’s rapidly growing US business.
Read MoreAir New Zealand has reported a $NZ104 million ($A97 million) half-year loss for the six months to the end of December and is looking to wrap up its refinancing deal with the government as quickly as it can.
Read MoreRamsay Health Care has cut interim dividend after reporting a Covid-hit set of figures for the six months to December, led by a 12.5% drop in net profit to $226 million.
Read MoreAustralia’s biggest retail landlord, Scentre Group couldn’t match the stellar performance of many of its biggest tenants in either the year to December.
Read MoreWoolworths did everything right in the December half, with revenue and earnings up strongly, a dividend increase for shareholders and the demerger of its grog business on track.
Read MoreContrasting results from tech darlings Appen and Wisetech on Wednesday, as the former misses its own guidance for earnings and the latter ups its forecast.
Read MoreThere seems little hope of a quick return to travel and tourism anywhere near pre-COVID levels, leaving airlines, airports and travel companies starkly exposed.
Read MoreStrong rises in earnings and cost cuts in its key TV, publishing and Stan video streaming business, helped Nine Entertainment report a 79% rise in net earnings for the six months to December.
Read MoreAustralia’s biggest food group Bega will find out today if its ambitious expansion plans in the food sector in the past three years can proceed or face an immediate dead end.
Read MoreViva Energy has followed its rival Ampol in revealing the damage done to the refining, distribution and retailing of oil and petrol products by COVID.
Read MoreThe Reserve bank of NZ has held its key interest rate steady and left other support measures unchanged after its latest monetary policy meeting at which it appears to have backed off moves to take rates negative.
Read MoreDespite a drop in iron ore, meat and coal exports, Australia’s trade performance started 2021 strongly with a merchandise surplus of $8.754 billion in January, little changed from the $8.956 billion in December.
Read MoreAPA Group shares fell yesterday after revealing an $11.7 million first-half loss thanks to a $250 million non-cash impairment against the value of its Orbost gas plant in Victoria.
Read MoreThe institutional raising by Bank of Queensland to help fund its purchase of ME Bank seems to have wasted $60 million or more judging by the 9% jump in the share price on Tuesday.
Read MoreShares in recruitment group Seek sold off on a basket of news yesterday: no dividend + new CEO and Chairman + flat earnings = shares down 7%.
Read MoreLike its peers Santos and Woodside, Oil Search has emerged from a challenging year in 2020 considerably slimmer, with a big blob of red ink on the books, and back in favour again.
Read MoreAdelaide based cement maker, Adbri doubled its full-year profit to $93.7 million but slashed dividends as it plans a heavy spending year ahead.
Read MoreHSBC has abandoned its long-term profitability target and revealed a new strategy focused mainly on wealth management in Asia after the COVID-19 shock saw its a slump in 2020 profits.
Read MoreAn actual bid for telco group Vocus has moved closer with its prospective bidder adding an extra party to its group.
Read MoreThe Aussie dollar and major commodities continued their strong start to the year with some positive moves in overnight trading.
Read MoreGlobal plumbing and heating firm Reliance Worldwide is another stock to ‘enjoy’ the benefits of the pandemic with an 82% surge in after tax profit and a higher dividend.
Read MoreSurging Australian demand, aided by solid sales into the US residential construction sector, saw BlueScope’s highest Australian steel dispatches in a decade and a 78% jump in profit.
Read MoreAmpol has lopped its dividend after revealing a sharp fall in earnings and margins as oil prices and demand for products like petrol and jet fuel were hammered by the pandemic.
Read MoreThe Bank of Queensland has confirmed the $1.33 billion purchase of ME Bank and has asked investors for $1.35 billion to fund the deal.
Read MoreGlobal construction and infrastructure giant Lend Lease has halved its interim distribution after reporting a 37% slide in earnings for the six months to December.
Read MoreBingo Industries has cut interim dividend after revealing a 41% slide in statutory net profit after tax (NPAT) to $15.8 million for the six months to the end of December.
Read MoreFruit and veg grower and distributor Costa Group has continued its recovery from the drought and poor growing conditions for some crops in 2019 with a solid six months to December.
Read MoreAustralia’s December half earnings reporting season wraps up with this week with around 65 major companies due to report, including Afterpay, Woolworths and Qantas.
Read MoreThe 4th quarter and 2020 figures for Warren Buffett’s Berkshire Hathaway are out this Saturday (February 27) and will reveal that its biggest investment last year wasn’t the likes of Apple, but in itself.
Read MoreCopper’s boom continued last week, iron ore picked up after the Lunar New Year break, oil fell, and gold again weakened despite rising fears about inflation, especially in the US.
Read MoreThere’s a soft start ahead for the ASX at the start of the final week of February and the December half and full year reporting season.
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