Star Devolving into One Almighty Craps Table
The (no) fun and games at Star continue, with the regulators still riding them like an inside straight and all sorts of intrigues popping up on their shareholder register.
Read MoreThe (no) fun and games at Star continue, with the regulators still riding them like an inside straight and all sorts of intrigues popping up on their shareholder register.
Read MoreThe Foreign Investment Review Board has blocked a Chinese investor from lifting its shareholding in small but key listed Australian rare earths producer Northern Minerals.
Read MoreThe Chinese economy was fully open for business in February, news that – along with Hong Kong’s mask mandate ending – helped markets in the region bounce strongly on Wednesday.
Read MoreThe post-pandemic slump ensnared Harvey Norman in the December half and the weakness has deepened in the early part of 2023, with double digit falls across its Australian stores.
Read MoreBuilding products group Adbri Limited has dropped its final dividend as the company struggles with cost pressures, especially in the upgrade of its operations at Kwinana, south of Perth.
Read MoreThe prospects for a better-than-expected December quarter GDP figure later today have risen with a much-improved current account surplus that could make a significant boost to growth.
Read MoreCan Elon Musk win back the confidence of the market at Tesla’s annual investor day on Wednesday, or will this be yet another instance of the mania mangling the message?
Read MoreLynas Rare Earths saw a 4% drop in first-half profit on Monday as prices for its metals were eroded by the combined impact of disruptions, higher processing prices and rising wages.
Read MoreJust like rival Santos, Woodside more than tripled full-year net profit for 2022, thanks in a large part to the added capacity from a merger – in this case, BHP’s petroleum business.
Read MoreDowner EDI shares slumped almost 24% on Monday after it released the expected weak December half year result, cut its dividend and warned of a very poor outlook.
Read MoreDisappointing results announced Monday by TPG Telecom and online retailer Kogan, although their positive share price movements were a surprise on a generally weak trading day.
Read MoreAustralian investors have been caught on the hop by Wall Street’s big selloff Friday night after inflation and other data suggested the economy was stronger than previously thought.
Read MoreCommodity prices continued to drift last week as hope faded of a benign US Federal Reserve and a re-opening Chinese economy shepherding the global economy towards a soft landing.
Read MoreAustralian economic growth data and the end of the December reporting period will dominate local markets this week, as they in turn battle the latest mood swing on Wall Street.
Read MoreUS lithium giant Albemarle looks to have again successfully deflected the lithium processing ambitions of Mineral Resources, although MinRes CEO Chris Ellison doesn’t seem to realise it yet.
Read MoreBerkshire Hathaway’s December quarter Fund Manager’s report is perhaps most important for all the things Warren Buffett didn’t do in the final three months of 2022.
Read MoreLooking at the 2022 annual report and accounts from Newmont it is not hard to work out why it wants Newcrest, but only under the terms of its $A24.4 billion all-share bid.
Read MoreThe importance of staying in the lithium game was underlined convincingly by the interim result from Pilbara Minerals which has now finally matured into a dividend paying stock.
Read MorePolar opposite prognoses from a couple of our healthcare stocks on Thursday, with private hospital operator Ramsay looking rosy but nutritional supplement retailer Blackmores decidedly less so.
Read MoreOn Thursday, the sector’s major player Eagers Automotive confirmed the continuing longevity of the car industry boom, saying there’s more to come as the transition to EVs takes over.
Read MoreQantas enjoyed a surge in revenue and profit for the December half as the re-opening of our borders and the easing of Covid restrictions allowed it to make a lot of money very quickly.
Read MoreCasino operator Star Entertainment Group is looking to raise $800m in new equity in what is effectively a bailout after revealing a massive $1.3b loss for the six months to December.
Read MoreRio Tinto has fallen into line with rivals BHP and Fortescue by revealing a sharp fall in revenues, earnings and dividends for 2022 as iron ore prices sank and stayed sunk.
Read MoreAustralian logistics software group WiseTech Global has boosted dividend for the six months to December by 39% after revealing a 40% surge in earnings for the period.
Read MoreWoolworths, the country’s biggest retailer, has joined rival Coles in reporting a double-digit boost to profits amid the most inflationary period the sector has seen for four decades.
Read MoreShares in Santos jumped sharply Wednesday as its annual profit more than tripled because of the surge in oil and LNG prices over 2022 that is fading as we head deeper into 2023.
Read MoreRBA Governor Philip Lowe’s disbelief of a wage price spiral was yesterday borne out in the December quarter and 2022 Wage Price Index data from the Australian Bureau of Statistics.
Read MoreDespite sharp falls in revenue, earnings and dividends for the December half year, BHP Group CEO Mike Henry remains pretty upbeat about the rest of the financial year and into 2024.
Read MoreSupermarkets giant Coles has appointed the first female CEO in its 100-year plus history after earlier reporting a cost cutting-driven record interim profit of $643 million.
Read MoreA further flurry of earnings reports released Tuesday, including from wagering group Tabcorp Holdings, car dealer Peter Warren, online jobs market Seek and property giant Stockland.
Read MoreIron ore is staying higher than many analysts had predicted while thermal coal prices continue their slump back to levels not seen for three years.
Read MoreBlueScope Steel shares ended down 10% on Monday after orders for steel slid in most of its major regions in the six months to December, taking prices and earnings with them.
Read MorePlumbing supplies group Reliance Worldwide says it will cut jobs to get an annual cost reduction of $US15 million after a 10% drop in interim earnings for the six months to December.
Read MoreThe final week of this reporting season kicked off yesterday with results from, among others, regional bank Bendigo and Adelaide, retailer Adairs and Kiwi dairy leader A2 Milk.
Read MoreA record interim dividend Monday for shareholders in Northern Star Resources, but is this about as good as it will get for the local gold miner in the face of continuing cost pressures?
Read MoreThere’s going to be quite a lot of noise from issues vying for investors’ attention this week, with the looming reports from major miners BHP and Rio Tinto perhaps loudest of all.
Read MoreLIT – a listed ETF focused on lithium producers like Albemarle, battery makers and car companies like BYD, Ganfeng, Tianqi and CATL – is starting to send some worrying signals for the industry.
Read MoreWall Street will be closed tonight for the Presidents’ Day holiday, leaving foreign investors to ponder the health of the US economy and the future direction of interest rates and prices.
Read MoreIn this final week of the December reporting season, it will be up to the world’s top two miners – BHP and Rio Tinto – to attempt to convince investors that earnings are stronger than they seem.
Read MoreCredit ratings firm Fitch believes China’s NEV sales will grow strongly again this year and further erode the local and global dominance of internal combustion engine powered carmakers.
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