Fletcher Constructing an Upbeat Narrative
NZ building products giant Fletcher Building saw its shares jump more than 6% at one stage on Wednesday when it revealed an upbeat earnings guidance for the 2022-23 financial year.
Read MoreNZ building products giant Fletcher Building saw its shares jump more than 6% at one stage on Wednesday when it revealed an upbeat earnings guidance for the 2022-23 financial year.
Read MoreShares in St Barbara were pummelled yesterday after the gold miner revealed a major change in strategy as well as operational problems that could very well limit future growth.
Read MoreElon Musk has confirmed that Tesla would cut 10% of its salaried staff in the next three months.
Read MoreMore confirmation that nimbleness is now the flavour of the times for American corporates, with snack group Kellogg revealing Tuesday that it was splitting itself into three companies.
Read MoreAust Ag lost long time CEO Hugh Killen yesterday, but news also surfaced that Andrew Forrest’s Tatterang Investment Co more than doubled its stake late last week.
Read MoreDental technology company SDI says it is expecting a solid 16% boost in revenue for the year to June 30, but higher freight costs mean that won’t translate into a profit bump.
Read MoreSpeaking to the American Chamber of Commerce in Sydney on Tuesday, RBA Governor Phillip Lowe restated the bank’s willingness to do whatever was needed to rein in inflation.
Read MoreBudget tax moves have seen coal miners up in arms about a rise in royalties in Queensland, but Tabcorp is happy about the NSW Government’s changes to gambling taxes.
Read MoreThe shares of our major iron ore companies could continue their recent slide Tuesday after more reports of futures losses sent prices down more than 8% by the close.
Read MoreVicinity Centres, the country’s second biggest shopping mall group, has reaffirmed its confidence in the Australian consumer in its updated guidance for FY 2021-22.
Read MoreAmid the short-term weakness in the BHP share price, the company’s huge Jansen potash project in central Canada is becoming ever more integral to its future plans.
Read MoreCooper Energy likes APA’s Orbost gas processing plant Victoria so much that it is risking itself to control the facility in a deal worth more than half of its market capitalisation.
Read MoreIluka is urging shareholders to support the demerger of its Sierra Leone beach sands operations to clear the way for the creation of a standalone rare earths operation in WA.
Read MoreAnother public holiday today in the US will see Asian and European markets without any lead and local investors very cautious indeed after the pounding they took last week.
Read MoreWhile most attention last week was on the big falls in equity markets, commodity prices also saw a real shakeout, with oil, copper, silver, iron ore leading prices sharply lower.
Read MoreThe CBA is facing a billion dollar plus impairment on the book value of its 5.5% stake in BNPL giant Klarna following news the Swedish-based group is struggling to raise new capital.
Read MoreThat strange sensation you might be feeling is most likely one of dread at having to face another week of bad news, worrying economic data and highly volatile stock markets.
Read MoreSurprisingly, given the negative impact of the Covid lockdowns on car production during the same period, Chinese steel production ran at well over 90 million tonnes in both April and May.
Read MoreAfter weeks spent urging central banks to boost rates as hard and fast as possible to get ahead of the inflationary curve, global markets suddenly seem to find the wish-fulfilment unpalatable.
Read MoreUK group Benchmark Mineral Intelligence has offered a fairly strong counterargument to Goldman Sachs’ claim in late May of a looming oversupply that would end the current lithium boom.
Read MoreThe recent deal with the US market is already paying off in spades for Bubs Australia, which today revealed a surge in revenue and earnings for the year to June 30 in a new update.
Read MoreA couple of news items from Thursday’s ASX trading session, with GUD Holdings announcing a late profit downgrade and The Reject Shop filling a vacant key management role.
Read MoreBHP has announced that its high-quality Mount Arthur thermal coal mine cannot be sold and will be run (NSW government approval permitting) until the end of the decade and then closed.
Read More61,000 new jobs were found last month and the jobless rate remained at a 48-year low of 3.9%, increasing the chances of another 0.50% or perhaps even 0.75% rate rise on July 2.
Read MoreAnother takeover for Link seems headed for collapse as the ACCC confirmed market reports that it had major qualms about the $2.9 billion offer from Canada’s Dye and Durham.
Read MoreThe US Federal Reserve has succeeded in conditioning financial markets to accept the large 0.75% boost to its key interest rate and make a convincing case that it is serious about attacking inflation.
Read MoreChina’s economic activity for May didn’t go backwards as it did in Covid-hit April, neither did it soar, it was more a case of a not very convincing middle ground.
Read MoreRio Tinto believes its new Gudai-Darri mine in the Pilbara will increase its iron ore production volumes and improve product mix from the second half of this year.
Read MoreAustralia’s lowest-paid workers will get a 5.2% pay rise but they, like millions of other employees, will still fall behind the soaring cost of living over the next year.
Read MoreThe NAB has cut its growth forecast and raised its inflation estimates for 2022 and 2023, but still believes a soft landing is the most likely outcome for the local economy.
Read MoreAfter two smaller buys in this area in the past few years, Resmed has made a major deal to buy German out-of-hospital software solutions leader Medifox Dan for $US1 billion.
Read MoreThe crypto world continues to be rattled as Celsius’s problems saw increased speculation about the fate of similar businesses with several situations emerging during Tuesday.
Read MoreAhead of the US Federal Reserve’s increase in its key indicator rate, Reserve Bank Governor Philip Lowe gave a rare public interview between bank board meetings.
Read MoreThe Havieron JV between Newcrest Mining and London-listed Greatland Gold continues to grow, with the gold/copper resource extending over at least 1 km of continuous mineralisation.
Read MorePerth-based CTI Logistics yesterday upgraded its 2021-22 results, revealing a surge in revenue and earnings for the year to June 30.
Read MoreLynas Rare Earths has wrapped up a contract worth around $US120m with the US Department of Defense to build a commercial Heavy Rare Earths separation facility in America.
Read MoreConcerns about rising inflation and slowing demand dented business confidence in May. The NAB says conditions and forward orders both remain strong – but for how long?
Read MoreThe past two trading sessions saw an estimated $US200 billion or more wiped off the entire cryptocurrency market after issuer Celsius Network halted customer withdrawals.
Read MoreIt was as though the weekend never happened as markets continued their Friday slide with another slump Monday.
Read MoreElectric vehicle giant Tesla is moving ahead with a share split to make its shares more attractive to investors, while global cosmetic house Revlon is reportly on the verge of collapse.
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