High Expectations Hurt Kogan
Shares in Kogan.com sold off yesterday after hitting an early high of $7.92 in early trading on news of a solid trading update given to the company’s annual meeting.
Read MoreShares in Kogan.com sold off yesterday after hitting an early high of $7.92 in early trading on news of a solid trading update given to the company’s annual meeting.
Read MoreSaracen Mineral won’t have any trouble in raising close to $A800 million from shareholders to buy a half interest in the huge Super Pit open-cut gold mine in WA.
Read MoreAll doesn’t see to be rosey in the fintech sector with shares in new-age business lender Prospa slumping under its issue price yesterday after a weak trading update raised doubts about its online small business lending model.
Read MoreApple continues to do well in the market, but Warren Buffett’s Berkshire Hathaway is not getting any boost as a result and the fabled investor is now looking at what could be his worst year’s performance in decades in 2019.
Read MoreMore records on Friday for Wall Street with the Dow ending the session and the week above 28,000 for the first time.
Read MoreHong Kong has confirmed that the months of protests and growing violence has plunged its economy into its first recession for a decade.
Read MoreCommodities had a softish week with oil doing well for the second week in a row, copper down for the week but gold weakening as risk moved back into vogue.
Read MoreGlobal iron ore prices shook off less than inspiring trade and production data from China for the month of October to notch up a solid gain last week.
Read MoreA quiet week globally and in Australia with third-quarter US earnings reports trailing off, economic data in its usual late month trough and China’s monthly economic data out of the way.
Read MoreThe headlines said China’s economy slowed further in October with output, investment, and retail sales dipping (see separate story), but in the case of output, the week-long Golden Week and National day celebrations at the start of the month played a major role.
Read MoreThe final round of China’s economic data for October continued to paint a picture of a sluggish economy, but the week-long national holiday and 70th birthday celebrations at the start of the month were also a contributing factor to the weaker than forecast performance.
Read MoreMore signs in October that the great jobs boom is losing its bloom. In seasonally adjusted terms October saw the largest monthly fall job numbers in three years, sparking the usual speculation about another rate cut – in December.
Read MoreInvestors and analysts have welcomed the news that BHP has chosen senior executive, Mike Henry as the mining giants next CEO.
Read MoreThe drought savaged the 2018-19 result of GrainCorp, sending it to a loss of $113 million and forcing the company to axe its final dividend.
Read MoreBHP says senior executive, Mike Henry will become CEO of the mining giant from the start of 2020, replacing the incumbent, Andrew McKenzie who steps on December 31 and retires next June.
Read MoreShares in Sydney-based waste management firm BINGO bounced strongly yesterday on a solid trading update.
Read MoreThe sharp fall in iron ore prices to well under $US80 a tonne received a lot of publicity and analysis, but it was a different case when prices regained that key support level a day later after Vale, the big Brazilian miner, downgraded its 2019 iron ore and pellets sales estimate and indicated that 2020 might not see as big a rebound as expected from the fallout from the January 25 mine tailings dam wall tragedy.
Read MoreAnnual wage growth hit its slowest pace in 15 months in the three months to September, completely undermining the Morrison’s government’s expectations of rising growth.
Read MoreOops, got that one very wrong. Most NZ economists had tipped the Reserve Bank of NZ to cut its key official cash rate by 0.25% but the central bank sat pat has followed its Trans-Tasman counterpart and sat on its hands.
Read MoreAs expected a combination of factors from drought, flooding rains higher gas prices and plant outages drove net earnings of Incitec Pivot (IPL) down 56% in the year to September 30.
Read MoreFor the second month in a row the National Australia Bank’s monthly business survey has hinted at a stabilising in the sluggishness afflicting large areas of the economy.
Read MoreNine Entertainment shares were sold off after the company revealed a sharpish downgrade in first-half earnings because of the slump in TV and radio broadcasting.
Read MoreCBA has issued a cunningly structured Q1 trading update that flagged further “headwinds” for its net interest margin but importantly the update contained no new charges for customer remediation.
Read MoreChina’s car sales fell for the 16th month in a row in October due to continuing consumer reluctance and changes to government incentives.
Read MoreShares in would be UK fracker, AJ Lucas Group copped a hiding yesterday, plunging 25.5% to 6.7 cents at the close after it revealed a huge shortfall from shareholders to its latest fundraising.
Read MoreDespite fears about peak oil and peak demand for oil, as well as the continuing pressure cut the use of fossil fuels, BHP remains a believer in oil and gas.
Read MoreShares in agribusiness giant, Elders jumped more than 6% yesterday after its 2018-19 annual results showed it had defied the impact of the drought.
Read MoreChina’s commodity imports were again mixed in October reflecting the state of the wider economy.
Read MoreSurging consumer inflation, falling producer inflation, a muddling trade performance – and the first cut in the country’s key interest rate for several years – China’s early October economic data tells us the country’s economy is not feeling very well.
Read MoreAround 90% of the S&P 500 companies have so far reported and now its the turn of major retailers to complete the season over the next fortnight.
Read MoreGlobal iron ore prices have fallen another 6% as investors backed off futures markets activity and Chinese iron ore imports fell sharply in October from September.
Read MoreWages and jobs will dominate the news flow in Australia this week for those looking at substantive issues and not at ephemera like the future of the Labor Party.
Read MoreThe bills are starting to arrive for Britain for the black comedy known as Brexit with Moody’s warning that it could further cut the UK’s sovereign debt rating.
Read MoreGold futures slumped sharply last week in what the biggest percentage loss in more than two and a half years because of a belief that a settlement is in sight for the Trump-China trade war despite more conflicting news about a trade deal between China and the US.
Read MoreWhile eurozone shares fell 0.2% on Friday, the key US S&P 500 measure ended up 0.3% despite an initial fall after President Trump indicated he hadn’t yet agreed to a tariff roll back in his trade war with China.
Read MoreBelieve it or not but there’s another profit warning – small this time – from Costa Group.
Read MoreKPMG’s Major Australian Banks Year-End Analysis Report 2018-19 finds that the four majors reported a combined cash profit after tax from continuing operations of $26.9 billion, down 7.8% on FY2018.
Read MoreAustralia’s trade surplus hit a record $21.1 billion in the three months to September, according to data released on Thursday by the Australian Bureau of Statistics.
Read MoreTravel giant, Flight Centre has put more meat on its October 9 earnings warning, and seen a further sell-off.
Read MoreSuddenly housing is looking a bit brighter for James Hardie Industries which has upgraded its full-year adjusted net operating profit guidance in the wake of a solid performance in the six months to September 30.
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