Newcrest Takes Expected Hit on Costs, Price Weakness
Newcrest Mining posted an expected drop in earnings for the year to June 30 as it was caught in the pincers of rising costs, lower output and gold and copper prices.
Read MoreNewcrest Mining posted an expected drop in earnings for the year to June 30 as it was caught in the pincers of rising costs, lower output and gold and copper prices.
Read MoreThe local reporting season rolls on and here’s the pick of today’s batch of updates from energy powerhouse Origin, ambitious miner Evolution and global vintner Treasury Wines.
Read MoreJudging by the response from the ACCC, Qantas can save itself $614 million and earn a few brownie points by not proceeding with its proposed acquisition of Alliance Aviation.
Read MoreAustralia’s unemployment rate fell to a new 48-year low of 3.4% in July but we may have seen the first crack in the buoyant jobs market as well, with the number of people in work also falling.
Read MoreYancoal has confirmed earlier guidance of a massive turnaround in revenue and earnings for the six months to June as the company rode the surge in thermal coal prices to record highs.
Read MoreLower blood plasma collection volumes meant CSL had a 6% fall in full-year profit, but a bumper year for the Seqirus flu vaccine business pushed revenues higher for the year to June.
Read MoreInvestors were apparently pleased with Brambles’ solid 2021-22 results and future guidance yesterday, even as it battled a 40% surge in the cost of timber for its iconic wooden pallets.
Read MoreTwo very different decisions on new oil developments from Santos yesterday when it also revealed record first half earnings of $A1.7bn and a 38% increase in dividend payout.
Read MoreAnother full news day on the ASX with the reporting season picking up steam. Here’s the latest from some local industrial companies: Pact Group, Vicinity Centres and Downer EDI.
Read MoreAs expected the Reserve Bank of NZ has lifted its official cash rate (OCR) by half a per cent to 3%, from 2.5% previously and the highest it has been for seven years.
Read MoreIn a move that could rattle the share price of Cochlear for a while, key US health regulators have cleared the way for hearing aids to be sold over the counter from the middle of October.
Read MoreFletcher Building has boosted its 2021-22 annual dividend by a third after meeting full year earnings guidance, despite numerous battles in its home market of New Zealand.
Read MoreBHP shareholders can thank the great global coal price boom – especially thermal coal – for the largesse of record dividends for the year to June, with $A23 billion set to be paid out.
Read MoreRio Tinto seems willing to wait out the recalcitrant shareholders in Turquoise Hill who have rejected its $US2.7bn offer, making clear its commitment to the Mongolian Oyu Tolgoi project.
Read MoreChallenger shares fell more than 10% yesterday as its annual profit took a huge hit from the June half slide in markets, while its $35 million adventure into banking is coming badly unstuck.
Read MoreAnother busy ASX trading session on Tuesday with news aplenty, and here’s the latest from Kerry Stokes’ Seven West Media, HR firm Seek Ltd and logistics giant Goodman Group.
Read MoreBHP will pay record full year dividends totalling $US16.3 billion ($A23.2 billion) after reporting the second-biggest profit in the company’s history in the year to June 30.
Read MoreOnline furniture and homewares group Temple & Webster ran into some headwinds in the year to June just as the company was expanding other parts of its business.
Read MoreIf Rio Tinto really wants to control all of the 66% non-government stake in the Oyu Tolgoi copper gold mine, it has to buy the 49% it doesn’t control in Canadian company Turquoise Hill.
Read MoreConfirmation that, for all his blustering, Xi Jinping is presiding over a Chinese economy that is sliding its way towards a debilitating slowdown, or at worst, maybe even a recession.
Read MoreIs the move by JB Hi Fi to go against the grain and spend the next three years upgrading and expanding its NZ operations a sign that it believes the Australian market is going ex-growth?
Read MoreThe pressure on companies this reporting season is higher than ever. Here’s how Argo Investments, Bendigo and Adelaide Bank and Beach Energy fared on Monday after announcing their results.
Read MoreWhile BlueScope Steel has met guidance with a record result for the year to June 30 of $2.81 billion, investors will not like the near 70% slide in the company’s December half profit forecast.
Read MoreGlobal equity markets rose strongly on Friday while US Treasury bond yields fell as investors continued to bet on interest rates not rising as much as previously feared because inflation may be peaking.
Read MoreA big test of the recovery in local investor sentiment and confidence looms in the form of the June half Australian earnings reporting season, which hits full pace this week starting with BHP tomorrow.
Read MoreNo doubt the data flow will be less stressful for markets than we have seen in recent weeks, but there will still be enough there to keep investors on their toes and wary of a false dawn.
Read MoreCommodities had a solid end to a positive week that saw the CRB Commodities Index rise 3.6% in just five days with oil, copper and silver leading the way, while iron ore continued to struggle.
Read MoreMore red ink in the crypto world, this time one of the more established names – Coinbase, which this week revealed a massive plunge from a profit a year ago to a $US1.1 billion loss in the June quarter of this year.
Read MoreRatings agency Moody’s certainly likes BHP’s appetite for OZ Minerals and the benefits it sees in the deal, believing all BHP has to do lift its $25 per share offer to win over the OZ Minerals board.
Read MoreInsurance giant Swiss Re has acknowledged the key role climate change played in this year’s east coast floods, which ended up being the world’s most costly disaster in the first half of 2022.
Read MoreThose chasing rewards from renewables such as lithium aren’t quite sure what to make of the latest US legislation called The Inflation Reduction Act of 2022, other than to know it will be a game-changer.
Read MoreLike its listed peers QBE and Suncorp, Insurance Australia Group has sliced its dividend payout to shareholders for the year to June 30 after reporting results of a very mixed quality.
Read MoreQBE has upgraded its insurance outlook for the rest of 2022 despite being hit with a hefty drop in profits due largely to falls in investment markets in the six months to June 30.
Read MoreAMP sweetened the news of a 24.5% slump in half-year profit by also announcing a $1.1 billion capital return to its patient but long-suffering shareholders including a $350 million share buyback.
Read MoreSecurities in property manager and investment group Mirvac jumped nearly 4% on Thursday after it revealed a better-than-expected net result of $906m for the year to June 30.
Read MoreFull year profits at Telstra fell 4.6% to $1.81 billion for the year to June, with the company lifting its final dividend for the first time in seven years to 8.5 cents per share.
Read MoreWall Street yelled ‘the inflation wars are over’ and sent share prices surging after US consumer price inflation slowed a little in July.
Read MoreShares in GrainCorp jumped yesterday after the company again upgraded earnings guidance by nearly 10% for its year to September 2022 results and painted a very rosy picture indeed.
Read MoreCBA posted its highest annual cash earnings in four years, partly thanks to a now faded first-half surge in home lending along with a big improvement in its loan impairment costs.
Read MoreSt Barbara shares were the worst performed among ASX 200 stocks yesterday, belted more than 17% after the company produced what amounted to a downgrade of its outlook.
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