Defiant a2 Milk Finally Creams It
A Monday trifecta for the embattled a2 Milk company – beating 2021-22 profit estimates, promises of more to come, and a share buyback for its long-suffering shareholders.
Read MoreA Monday trifecta for the embattled a2 Milk company – beating 2021-22 profit estimates, promises of more to come, and a share buyback for its long-suffering shareholders.
Read MoreAustralia’s third iron ore major Fortescue Metals Group saw a 40% fall in its June 30 profit and a 43% slicing of its final dividend as iron-ore prices weakened and operating costs rose.
Read MoreShares in WA mining groups Northern Star and MinRes fell yesterday, with neither’s result convincing enough for jumpy traders on a day that saw the market sold off heavily.
Read MoreThere will be some very nervous investors and traders returning from summer holidays after Fed Chair Jerome Powell’s “truth bomb” on monetary policy and Friday’s Wall Street rout.
Read MoreAsian and European gas prices hit a record high again on Friday driven by different factors, though with one common source – the continuing ripples from the Russian invasion of Ukraine.
Read MoreWelcome back to the depths of June and all the terrors that month caused investors large and small as Fed chair Jay Powell reminded all the “smart money” on Wall Street just who’s boss.
Read MoreOZ Minerals has attempted to offset negative coverage of its weak first half result and its rejection of the BHP bid by revealing plans to more than double its copper production over coming years.
Read MoreCovid lockdowns saw Wesfarmers post a 2.9% drop in annual profit for the year to June, with unwanted assistance from supply chain bottlenecks and emerging cost pressures.
Read MoreLNG prices in Asia have surged 50% so far this month, as China battled more problems with drought and European prices soared because of a looming shortage of supplies from Russia.
Read MoreIn news that will upend the auto industry worldwide, the California Air Resources Board voted Thursday to require all new cars and light (pickup) trucks sold by 2035 to be zero-emission vehicles.
Read MoreLynas Rare Earths has reported a record profit on the back of strong demand for ex-China supply of its key products essential to the rapid growth in the electrification of the economy.
Read MoreThursday saw Whitehaven Coal confirm the strong performance in the June 30 year that the company had all but laid out in its production and sales update in late July.
Read MoreQuiet confidence of a full recovery in the tourism industry from both Flight Centre and Qantas on Thursday, the latter of which backed up its upbeat words with a $400m buyback.
Read MoreAllkem Limited – the renamed Galaxy Resources / Orocobre merged entity – revealed a record result yesterday, yet again confirming the lithium space as the place to be right now.
Read MoreSouth32 has joined the growing parade of Australian resource companies producing strong results, reporting an annual profit of nearly $A4 billion in the year to June.
Read MoreNine Entertainment will match rival Seven West Media in buying back up to 10% of its shares but also go one better by paying its shareholders a record dividend.
Read MoreWoolworths found profit-making a hard slog in 2021-22, with the retail giant only able to convert a 9.2% rise in group revenue to a 0.7% rise in net profit for the year to June 30.
Read MoreAir New Zealand has survived for another year, revealing a loss before tax and one-off items for the 2021-22 financial year of $NZ725 million, significantly deeper than the $NZ444 million the year before.
Read MoreTwo major developments, along with a massive surge in revenues and profits as well as a hefty dividend lift, helped push shares in miner Iluka Resources up nearly 10% on Wednesday.
Read MoreThe local earnings season rolled along Wednesday in a slightly happier environment for all concerned – here’s what Worley Group, Sonic Healthcare and APA Group had to say.
Read MorePerhaps the strong revenue and profit growth experienced by WiseTech will finally quieten all the naysayers and sceptics the global logistics group seems to have collected along the way.
Read MoreFor all the upbeat talk, Seven Group’s decision to hold its dividends steady for FY2021-22 tells us a lot regarding what the company really thinks about the coming financial year.
Read MoreThe downside to the strong earnings we are seeing for Coles and its rival food retailers is the pain being felt in the hip pockets of Australians due to higher prices for everyday goods.
Read MoreAccording to Australian investors, the headache from the hangover of the Covid boom 2020-2021 year seems to have eased for protective gear products company Ansell.
Read MorePoor market sentiment in Tuesday’s ASX session had a say in how the latest profit results from appliance maker Breville, e-tailer Kogan and discount chain The Reject Shop were received.
Read MoreIn fleshing out the bare bones of its 2021-22 annual report and accounts, Pilbara has confirmed that lithium is now a highly profitable Australian mining business with considerable upside.
Read MoreThe solid rebound in bricks and mortar retailing saw Scentre Group, the country’s biggest shopping centre operator, lift its profit by double digits in the six months to June 30.
Read MoreMonday saw Wall Street get an early attack of September’s vapours as share prices tumbled in what could be a taste of what’s to come when traders and others return from their summer holidays.
Read MoreChina’s leadership are getting worried about the health of the economy, judging by the second round of official rate cuts in just a week on Monday from the country’s central bank.
Read MoreLike so many of its global peers, the surge in oil prices saw Ampol’s refining margins soar and big money in processing oil into various products, even if petrol sales volumes took a hit.
Read MoreHere’s Monday’s key June 2022 half-year results, featuring the latest from developer Lendlease, retail chain Nick Scali and plumbing supplies group Reliance Worldwide.
Read MoreInvestors gave the Adbri share price a good seeing to on Monday, sending it down more 17% after the company revealed a weak set of figures and not much joy for the immediate future.
Read MoreFriday saw a very quick change in attitude among investors as shares sold off, US bond yields and the greenback bounced sharply and major commodities were generally weaker.
Read MoreDespite broad-based price weakness, last week was a big one for some of the commodities Australia is exporting every day – thermal and coking coal, liquified natural gas and some key metals.
Read MoreJust when we thought we had heard the last from Warren Buffett about his stalking of Occidental Petroleum, up pops another development that has changed the story completely.
Read MoreA quieter week ahead for markets, although the big event will be the talkfest on Friday at Jackson Hole in the US where Federal Reserve chair Jay Powell’s set piece speech is set to dominate.
Read MoreBig global investors have lurched from being the most bearish in the 21-year history of the monthly Bank of America survey to being almost as worried about the chances of a recession.
Read MoreBoth literally and figuratively, ‘Perfect Storm’ is the best way to describe what we are seeing in some major economies, as weather concerns are piled on top of surging inflation and rising interest rates.
Read MoreChile-based lithium miner SQM saw a near-tenfold rise in net profit for the June quarter, once again showing there’s huge money to be made, no matter the starting point or production method.
Read MoreDespite the value of Berkshire Hathaway’s huge investment portfolio plunging as markets have fallen, Warren Buffett and his two fund managers were still net buyers over the past three months.
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