Good Time to Be the Middle Man in the Oil Game
Oil price strength has fattened profit margins up the production, distribution and retail chains, with local refiners Viva and Ampol among those reaping the bottom-line benefits.
Read MoreOil price strength has fattened profit margins up the production, distribution and retail chains, with local refiners Viva and Ampol among those reaping the bottom-line benefits.
Read MoreDespite reporting a net loss for the half, Orica’s 2021-22 interim was immediately cheered with the share price up 8% as investors chose to look longer-term and liked what they saw.
Read MoreAmerica’s inflation headache won’t go away and investors are starting to realise the Federal Reserve will have to continue with the tough medicine for much longer than expected.
Read MoreChina’s consumer price inflation rose sharply to a 17-month high, but producer prices eased as lockdowns played havoc with consumer spending, manufacturing and distribution.
Read MoreTesla boss Elon Musk has again raised the idea that his company could buy a miner to speed up the supply of metals essential to the production of electric vehicles around the world.
Read MoreThanks to a heady mixture of favourable weather and surging prices, GrainCorp confirmed a massive lift in earnings along with a threefold rise in its dividend payout.
Read MoreGPT says it is on track for an inflation-busting rise in distributions thanks to a strong recovery in some of its key businesses – especially retail – in the past couple of months.
Read MoreInvestors continue to worry that the Tesla boss is spending too much time on Twitter and nowhere near enough on the EV maker’s increasing problems in China.
Read MoreIt doesn’t take much to rattle Wall Street at the moment, let alone a statement by the Fed of an increased chance that trading conditions in US markets will suddenly deteriorate.
Read MoreShares of investment manager Pendal Group jumped more than 8% in Tuesday’s selloff on the ASX after it surprised on the upside with a solid interim profit of $96.7 million.
Read MoreThe Australian economy continues to boom as we head towards the Federal election on Saturday week, judging by the latest monthly business survey from the National Australia Bank.
Read MoreIt’s far from a main earnings driver, but a rare update has confirmed that Wesfarmers’ half-owned lithium project in WA remains on track for first production in two years’ time.
Read MoreOutside the US dollar, it seemed like most everything fell on Monday – stockmarkets, bitcoin, commodities, techs, – it was a general retreat that surprised with its thoroughness.
Read MoreA raft of key economic data released from China on Monday shows an economy under siege from within and without, with recession a real possibility – here are all the important bits.
Read MoreA bit of a rout on the local market in Monday’s trading session, but we managed to find a couple of stocks that bucked the trend, plus some news of further UK sanctions against Russia.
Read MoreLocal miner Aurelia Metals says the NSW government has given the company the green light for it to expand its existing Peak gold and base metals operation at a cost of $65 million.
Read MoreThe big story from Westpac’s result on Monday wasn’t the lower earnings or higher dividend, it was evidence that the promised cost cutting was well underway and making inroads.
Read MoreA not unexpected weak interim result from Westpac with the country’s second biggest bank reporting a fall in earnings from a year ago as its cost cutting campaign kicked into gear.
Read MoreCompanies with interests in Chile’s huge mining sector have received a temporary reprieve over proposals that could have seen them lose control of their mines and the minerals they contain.
Read MoreLosses galore on Thursday and Friday as fear replaced year of unbridled optimism that central banks and their record low rates would always be there. What will the new week bring?
Read MoreAfter last week’s interest rate fireworks and Wall Street’s histrionics, it looks like a quieter time for all this week – but with CPI reports due in the US and China, it might not pan out that way.
Read MoreChina’s April trade data is out later today and will show the early scars from the surge in Covid driven lockdowns across much of the country which continues with little real improvement.
Read MoreSituation normal for markets given the volatility since Russia’s late February invasion of Ukraine, as traders try to work out just where prices will be heading in the wake of a rough week.
Read MoreCommentary from ANZ this week suggests the company wants to go shopping and use its surplus capital to buy non-bank businesses rather than give it back to shareholders.
Read MoreChalice Mining is heading for a major upgrade of its already world class Tier 1 Gonneville project at Julimar in WA, with a statement to the ASX this week revealing significant new assay results.
Read MoreThe usual high news traffic for the lithium and EV space this week – here are some updates from Albemarle, Livent and battery giant Contemporary Amperex Technology to get you up to speed.
Read MoreWednesday’s relief rally turned into a regret rally a day later as the markets suffered some of the biggest falls in more than two years.
Read MoreDespite a very modest 4.4% rise in revenue to $347 million, the continuing high level of second-hand car prices boosted earnings for car leasing group Eclipx in the six months to March.
Read MoreFour months into its FY2022, QBE is looking at a strong surge in premium income and earnings, thanks in no small measure to the increasingly lucrative US crop insurance business.
Read MoreThe 1Q market weakness took its toll on the performance of fund manager Janus Henderson Group, with a sharp slide in earnings translating into an equally sharp selloff on Thursday.
Read MoreQantas is trying to tighten its grip on the Australian aviation sector by taking over the big fly-out operator Alliance Aviation for more than $900 million worth of QAN shares.
Read MoreNational Australia Bank has lifted cash earnings 4.1% in the six months to March 31 to $3.48 billion and boosted dividend to 73 cents a share from 67 cents a year ago.
Read MoreWall Street staged a late ‘relief rally’ on Wednesday after the US Federal Reserve raised its key interest rate by half a percentage point and unveiled further plans to control rising inflation.
Read MoreA number of leading retailers of all sizes presented trading updates to the Macquarie investment conference yesterday. Some numbers were solid but investors remained unimpressed.
Read MoreNothing wrong with household spending and confidence in early 2022, according to data on retail sales and lending finance released yesterday by the Australian Bureau of Statistics.
Read MoreUpdates from two of our major locally listed media groups, Seven West Media and Nine Entertainment, with both forecasting strong rises in earnings for the June full financial year.
Read MoreBuried in yesterday’s ANZ earnings announcement was intriguing news that the bank is moving towards a different structure – a holding company similar to how Macquarie Group is now configured.
Read MoreThe ANZ Bank will pay an unchanged interim dividend of 72 cents a share after an unimpressive first half performance saw a 4% rise in cash earnings.
Read MoreHaving lifted rates once, the Reserve Bank says it will do so again – following the script used by the US Federal Reserve, along with the central banks of economies both small and large.
Read MoreAGL Energy is standing by its plan to split into two companies in the face of yesterday’s stock purchase blocking move by tech billionaire and climate activist Mike Cannon-Brookes.
Read More