Conference Confessional for Inghams, Cleanaway
Tuesday was confession time at Macquarie’s investment conference in Sydney, with a couple of companies owning up to bad news – waste group Cleanaway and chicken company Inghams.
Read MoreTuesday was confession time at Macquarie’s investment conference in Sydney, with a couple of companies owning up to bad news – waste group Cleanaway and chicken company Inghams.
Read MoreTuesday’s ASX session saw some good news released by outdoor gear and automotive products retailer Super Retail Group, as well as by digital real estate group Domain Holdings.
Read MoreWoolworths chief Brad Banducci has broken ranks with other executives, calling for an increase in retail workers’ wages to keep up with the rapidly rising inflation across the industry.
Read MoreThe Reserve Bank has lifted its cash rate by a quarter of a per cent to 0.35%, the first time it has done so since November 2010 when the cash rate was raised to 4.75%.
Read MoreHaving endured a couple of Covid-related false starts and a surge in oil and fuel prices, Qantas has finally forecast a return to profitability after years of relying on government support.
Read MoreAs yields on 10-year Australian bonds hit recent highs on Monday, the RBA is widely expected to at least reveal its hand on rate rises after today’s May monetary policy meeting.
Read MoreA dodgy coal-fired generator in Victoria has again bitten the bottom line of AGL Energy, forcing it to cut its 2021-22 profit forecast with just two months to go in the financial year.
Read MoreAfter being battered by the 2018 banking royal commission and losing numerous board members as sacrifices, the NAB seems to have forged a new path under new CEO Ross McEwan.
Read MoreNAB said on Monday that it had entered into an Enforceable Undertaking with AUSTRAC after an investigation confirmed flaws in the bank’s compliance with money laundering laws.
Read MoreWarren Buffet has made an investment move that will confound many investors at the moment as markets tank, plunging back into the market as others are leaving it in droves.
Read MoreAlong with interest rates, profits will be the topic of the week for investors, with three major banks producing their financial results in Australia as well as another 162 S&P 500 companies.
Read MoreIt will be a very wary start to May trading on markets around the world today after the sell-off on Wall Street on Friday capped a horrible April – with little apparent respite in sight.
Read MoreApril turned out to be another miserable month for China’s economy, faltering currency and markets – with the botched governmental Covid control measures not helping matters.
Read MoreA frantic week ahead for markets, investors and governments coming to terms with a seemingly never-ending flood of adverse elements and an overwhelming tide of negative sentiment.
Read MoreOf utmost concern for investors and consumers alike is news that Indonesia has just banned the export of a key food ingredient and cooking product for billions of people around the globe.
Read MoreThe 1Q22 financial results from Newmont have again confirmed the world’s biggest gold miner can’t do without its two big Australian mines – Boddington in WA and Tanami in the NT.
Read MoreNewcrest has lifted its gold production guidance slightly along with an increase in output for the March quarter, but warned of continuing concerns here and at its mines in PNG and in Canada.
Read MoreInterest rates may be rising around the world but not in Japan, where the central bank has made it very clear they will not be following suit, even in the face of inflationary and currency pressures.
Read MoreTwo updates on Friday from unrelated sectors linked by a common theme as higher costs saw lower profits from online retailer Kogan and private hospital operator Ramsay Health Care.
Read MoreA negative post-results briefing from Apple and pointed comments from Amazon about cost and supply problems turned what had been a positive day on US markets into an ugly afterhours rout.
Read MoreAMP shares enjoyed their best day for months yesterday after it sold the rest of its asset management business to a New York investment firm in a deal worth at least $462 million.
Read MoreA mixed March quarter production report from Fortescue Metals with high production guidance for the year but also higher costs and a further delay for the Ironbridge magnetite project.
Read MoreColes’ quarterly trading update on Thursday provided a timely confirmation of the ubiquity of rising cost pressures and their upward effect on consumers’ ongoing cost of living.
Read MoreSandfire Resources’ big move into the Spanish base metal sector has produced results straight away with the company now very confident about meeting its updated June 30 estimates.
Read MoreChanges afoot at both ends of the spectrum with the Commonwealth Bank getting a new chair and retailer The Reject Shop in the market for a new CEO after a surprise departure.
Read MoreIgnore the as-expected high March quarter inflation readings released by the ABS on Wednesday and instead focus on what the Reserve Bank will do with them at its May meeting next week.
Read MoreAMP has sold its real estate and domestic infrastructure equity business to Dexus FM in a deal valued at about $250 million, and is still looking to offload other parts of its shrunken empire.
Read MoreAn upbeat quarterly report from Syrah Resources, which earlier this month moved closer to a $US107 million loan from the US government to help build a key graphite processing plant.
Read MoreShares in gold miner Northern Star fell more than 5% yesterday as the company missed output forecasts at its flagship Kalgoorlie SuperPit and warned investors of rising production costs.
Read MoreWeak US markets, an escalation in concerns about the covid resurgence in China, spotty earnings reports and out-of-control billionaires all make for a fairly uncomfortable Wednesday ASX session.
Read MoreNufarm shares did relatively well yesterday despite revealing a small writedown on the value of its business in Russia and Ukraine while confirming earnings guidance given in February.
Read MoreSome days companies can release bad news into a strong market and get away with it. As United Malt, Bubs Australia and EML Payments all discovered, yesterday was not one of those days.
Read MoreSouth32 maintained its June 30 guidance after strong reports from its alumina, aluminium, nickel and coking coal operations in the March quarter added to the record half year performance.
Read MoreExternal pressures and the market’s bearish mood totally quashed any positive sentiment to be gleaned from upbeat quarterly updates released on Tuesday by Woodside and Beach Energy.
Read MoreTuesday wasn’t the best of days to drop bad news on an already unsteady ASX, but payments group EML Payments had no option but to.
Read MoreAustralian inflation in the March quarter dominates markets here this week which will feed off the growing fears about the knock-on effects of the Fed’s looming big rate rises.
Read MoreThis week sees some of the West’s biggest arms companies reporting March quarter earnings and the question for investors is will war again be good for their bottom lines?
Read MoreWith nearly 180 companies in the S&P 500 – worth roughly half of the benchmark index’s market value – due to report results this week, markets are likely to remain unsettled.
Read MoreAfter its recent strength, oil’s upward march has been slowed and now reversed by increasing headwinds as demand weakens and the initial shock from the Ukraine invasion wears off.
Read MoreNever a dull moment in the lithium space, and this week was no different as Mexico made the decision to nationalise its industry in the metal and Elon Musk had plenty more to say about pricing pressures.
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