Boral Sold Off after Soggy Earnings Report
The big East Coast wet has taken a chunk out of Boral’s earnings, sending the shares down 7% at one stage on Tuesday in what looks like to have been a bit of an overreaction.
Read MoreThe big East Coast wet has taken a chunk out of Boral’s earnings, sending the shares down 7% at one stage on Tuesday in what looks like to have been a bit of an overreaction.
Read MoreNew Hope Corporation is riding high after reporting record revenue earnings and payout for its full 2021-22 financial year yesterday on the back of the current coal price boom.
Read MoreRamsay Healthcare has been made a $1.8 billion offer for its Asian hospital joint venture that would cover the debt recently used to buy a UK private healthcare group, with some left over.
Read MoreBerkshire Hathaway is spending more than $US11 billion buying a rival insurer that looks a lot like itself, even to the point where the CEO worked for Warren Buffett years ago.
Read MoreFed chair Jay Powell has once again given financial markets what they have been demanding, but not wanting – a promise to lift rates faster to control inflation.
Read MoreJust when it appeared like the crippled Chinese property sector was getting its act together, along comes the perennial danger stock China Evergrande Group to once again ruin things.
Read MoreHillgrove Resources is looking to accelerate development at the historic Kanmantoo copper gold mine after good results boosted confidence in the size and quality of the resource.
Read MoreOn an incredibly slow news day Monday, here’s the latest from diversified logistics / infrastructure company Qube and chemist retailer Australian Pharmaceutical Industries.
Read MoreFollowing strong leads in Europe and the US on Friday, ASX 200 futures are pointing to a positive start to trade for the Australian share market at the open later this morning.
Read MoreLast week saw a contrast between two major fossil fuel commodities at the centre of the price surge post the Russian invasion of Ukraine, as oil bumped higher but coal continued to ease.
Read MoreThis month the usually ho-hum early data releases from business activity surveys will give us the first insight into what impact the Russian invasion is having on various key sectors.
Read MoreCommodities came back to earth last week with widespread selling and re-alignment of portfolios, even though the news from Ukraine hadn’t changed – fairytales about a truce notwithstanding.
Read MoreWhile Ford and Mercedes both made it clear this week that current events would not derail their deepening drive into electric vehicles, Rivian’s troubles continue to mount.
Read MoreNewcrest has staked much of its future success on the ability of its $A3.7b Canadian gold mine called Brucejack to live up to its potential as one of the richest known mines in the world.
Read MoreNewmont, the world’s biggest gold miner, will be hoping its two Australian mines – Boddington and Tanami – will do their part in the company’s goal of expanding global production this year.
Read MoreGlobal markets and economies will have to endure 30 nervous days to see if Russia finally defaults on the $US117 million interest payments due on two of its foreign bonds.
Read MoreNot unexpectedly Australian unemployment fell to its lowest level on record last month as the economy continued to rebound from the impact of Covid Omicron.
Read MoreA disappointing half-yearly performance for Fonterra, after the dairy co-operative was unable to convert the strong rise in global prices into higher prices for its own products.
Read MoreJust two years after suspending dividends as it hunkered down to ride out the 2020 Covid storm, James Hardie has bought land in Melbourne as the site for its new cement sheet plant.
Read MoreMore confusion at the end of the first session of the London Metal Exchange nickel contract, with a data glitch, low interest, intense caution and fears of sudden price movements.
Read MoreAs widely anticipated, the US Fed raised rates by 25 basis points overnight, but market sentiment was helped by conciliatory statements from China on market stability and listing rules.
Read MoreWhile an 0.25% rate rise by the US Fed is almost a foregone conclusion, there’s a decent chance that by the time you are reading this Russia will officially be in default on its debts.
Read MoreOutdoors retailer Kathmandu has completed a rebranding to ‘KMD Brands’, of which it has a few, not to mention a new CEO looking to put his stamp on his new company.
Read MoreShares in Suncorp did an about-face during trading yesterday after it provided an update on the cost of this summer’s natural disasters, especially the floods along the East Coast.
Read MoreThe latest Bank of America survey shows that major investors around the world are more concerned about the outlook for global growth than at any time since the GFC in 2008.
Read MoreCorporate action afoot for a couple of industrial companies, with telco Uniti the subject of a takeover at $4.50 per share and healthcare provider Healius announcing a $A100m buyback.
Read MorePlenty of news from around the gold space today, as Westgold Resources and Pantoro both raise some funds for work at their WA projects and De Grey Mining gets some positive results.
Read MoreEnormous pressure on global commodity markets with traders big and small watching what will be a huge test of faith as the LME restarts trading in the nickel contract tomorrow, London time.
Read MoreAsian equity markets continued to tumble as investors chose to look beyond some OK economic numbers from China and focus on another worrying jump in the country’s Covid cases.
Read MoreFor the first time ever, the share price of Warren Buffett’s Berkshire Hathaway reached $US500,000 on Monday as the stock continued to outperform the wider market.
Read MoreRio Tinto has revealed plans to buy out the minorities in Turquoise Hill, the company which controls a major stake in the troubled Mongolian copper gold mine, Oyu Tolgoi.
Read MoreChina’s surging Covid Omicron outbreak and growing lockdowns of big cities and factories saw commodity prices and markets in the region tumble Monday and Tuesday morning.
Read MoreElders has joined GrainCorp in upgrading its 2022 financial outlook because of good growing conditions that saw many of its customers avoid the impact of the recent floods on the East Coast.
Read MoreChina is moving closer to a massive shutdown as the government tries to control what might be the most widespread outbreak of the disease since the original Wuhan outbreak in early 2020.
Read MoreIGO says the surge in nickel prices and subsequent confusion after trading was stopped a week ago will not force his company to lift its offer price of $3.36 for rival miner Western Areas.
Read MoreStand by for an imminent flood of downgrades and other ratings changes linked to Russia’s invasion of Ukraine from the big three ratings agencies – S&P Global, Moody’s and Fitch.
Read MoreAmpol’s plans to buy the NZ operations of Z Energy has moved closer with the sale of its Gull business for $A532 million in cash and debt.
Read MoreIn a normal world, the US Fed’s two-day meeting and interest rate increase this week would dominate markets. But in this one, it will play second-fiddle to the Ukraine and commodity price moves.
Read MoreNo trading in nickel on the LME for at least part of this week should be good news for Nickel Mines after its shares lost 25% last week in the wake of the problems involving Tsingshan.
Read MoreLast week will be hard to top for the volatility and at times sheer fear that gripped markets around the world, but there’s every chance things will get worse before they start getting better.
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