Market Murmurs: NUF, GNC, KMD
Three pretty upbeat stories from companies reporting to the market on Wednesday, with Nufarm, Graincorp and the erstwhile Kathmandu all seemingly in good shape.
Read MoreThree pretty upbeat stories from companies reporting to the market on Wednesday, with Nufarm, Graincorp and the erstwhile Kathmandu all seemingly in good shape.
Read MoreOZ Minerals and BHP have resumed their marriage talks trying to find a dowry in the form of an offer price that will appeal both to shareholders and the market generally.
Read MoreGaming group Aristocrat lifted returns to shareholders in the year to September after reporting a strong rise in revenues which saw net earnings top $1bn for the first time.
Read MoreOpposition from shareholders to a de-merger has forced Incitec Pivot to delay the idea and look to asset sales as it reported a surge in earnings and a higher dividend.
Read MoreChina’s economy slowed in October under the pressures of weak demand thanks to the continuing restrictions arising from President Xi Jinping’s Covid zero policy.
Read MoreWarren Buffett’s Berkshire Hathaway has revealed a shock $US4bn investment in one of the world’s biggest computer chip makers, Taiwan Semiconductor.
Read MoreDespite a solid annual result, shares in Elders sold off heavily yesterday as directors warned that more wet weather could damage prospects in the new financial year.
Read MoreFor the second year in a row, global testing multinational ALS Ltd will pay a higher dividend to shareholders after another solid performance in the six months to September.
Read MoreAerial imaging company Nearmap revealed the worst possible news ahead of a key takeover vote – two clients set to drop or cut back on their use of the company.
Read MoreAs Elon Musk struggles to contain his growing losses at Twitter, Tesla’s struggles in China are raising questions about the earnings stability of the EV making giant.
Read MoreThe big question seeking an answer is whether markets can ‘go on with it’ this week after Thursday’s mega bounce and Friday’s more restrained follow-up.
Read MoreInvestors of all persuasions should watch commodity prices in coming weeks for a good understanding of the chances of the re-emerging bear market rally continuing.
Read MoreAfter the past two BIG weeks for markets, can the next five days be any busier or louder? More importantly, can the recent upswing continue into the year-end?
Read MoreThe boom is back with Wall Street and global markets ‘rescued’ this week by the most unlikely of saviours: US CPI running at a near 40-year high of 7.7%.
Read MoreAs we approach the end of 2022, it is clear that – contrary to all the stories in recent months – the Chinese appetite for iron ore remains as robust as ever.
Read MoreNewcrest Mining took two big decisions this week to assure its future and keep gold production above its 2-million-ounce annual production target.
Read MoreFrom a mixed Thursday ASX trading session, insurance major Suncorp and shopping centre manager Scentre Group each brought an update to the market.
Read MoreInvestors punished accounting software multinational Xero yesterday after it released mixed interim results which were topped by the surprise exit of CEO Steve Vamos.
Read MoreRio Tinto’s plan to excise dissenting votes from the signoff for the minorities in Turquoise Hill has now run aground after a Canadian regulator raised questions about it.
Read MoreShares in Origin Energy jumped 40% at one stage yesterday after directors supported a buyout offer from a consortium led by Canada’s Brookfield Asset Management.
Read MoreThe second smashing in as many days for the crypto world today, with another major collapse on the cards after Binance backed out of its planned bailout of struggling FTX.
Read MoreOrica is confident that the 2022-23 year will be better than the one just ended on September 30, despite worries about higher energy costs, inflation and slowing global activity.
Read MoreThe big four banks have all now reported, with the group lifting its combined earnings 7% to a total of $28.5 billion for 2021-22 – with the rising rate environment helping.
Read MoreDo investors sense a South African predator in the Australian gold jungle, stalking some underperforming local operators after losing out on a major deal this week?
Read MoreThe La Niña-linked heavy rain and flooding around Gunnedah in NSW has seen Whitehaven Coal forced to cut production and sales guidance for a second year in a row.
Read MoreGlobal crypto markets are reeling at massive price slumps after a shock bailout of the dominant FTX exchange.
Read MoreThere was no hiding behind a $US200 million share buyback yesterday for James Hardie as it sliced its 2022-23 earnings guidance for a third time in as many quarters.
Read MoreSantos surprised investors yesterday with a new strategy and news that output will drop by around 10% in 2023, which saw the company’s shares slide more than 5% on Tuesday.
Read MoreA week after the RBA again lifted interest rates, consumer and business confidence has slumped according to surveys from three major banks released on Tuesday.
Read MoreYesterday, Gascoyne Resources announced it would for the time being be pulling the plug on its WA gold mining business centred on the Dalgaranga mine in the Murchison.
Read MoreApple underlined the problems afflicting China’s economy on Monday with a warning that Covid controls would see current quarter iPhone production, exports and sales fall.
Read MoreCoronado and Peabody Energy – each of which owns coal mines in Australia and the US – have ended discussions that would have created a company worth about $US6bn.
Read MoreWill Gold Fields look to Australia to feed its aspirations after two Canadian groups seemingly gazumped the South African company’s all share bid for Yamana Gold?
Read MoreWestpac has lifted its 2024 cost target to $8.6bn from $8bn after a surge in inflationary cost pressures in the six months to September 30 led to a fairly modest 2021-22 result.
Read MoreWestpac shareholders will get a 6% lift in full year dividend for after small dip in cash profit for the year to September 30.
Read MoreWall Street reacted oddly to the stronger than forecast US jobs report for October, with the major indices rising instead of wobbling as many might have expected.
Read MoreAfter so much action last week both here and offshore, things quieten off for a bit as focus turns to the upcoming midterm national and state elections in America.
Read MoreBerkshire Hathaway revealed a 20% rise in 3Q operating profit but also more than $US13 billion in losses as the company’s portfolio was hit hard in the quarter’s big market selloff.
Read MoreAsian markets and global commodity prices staged a huge rebound for no reason except a screenshot claiming to detail plans by the Government to unwind its strong Covid controls.
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