Winners and Losers Among the Industrials
The pandemic and lockdowns continue to buffet companies such as Downer, EDI, CIMIC and Mirvac, as their December half or full year reports showed on Thursday.
Read MoreThe pandemic and lockdowns continue to buffet companies such as Downer, EDI, CIMIC and Mirvac, as their December half or full year reports showed on Thursday.
Read MoreInvestors gave a big thumbs up to the National Australia Bank’s first quarter trading update, even though the bank, like its peers, saw its net interest margin crimped.
Read MoreThe federal government has lost its attempt to neuter proxy advisers, those independent groups that help shareholders decide on major issues confronting listed companies.
Read MoreFinancial services firm AMP has reported a full-year loss of $252 million for 2021 but the company and its newish CEO, Alexis George wants the market to look elsewhere.
Read MoreMore pain for embattled utility AGL, whose shares fell sharply after another weak report, despite a pledge to bring forward the closures of its remaining coal-burning power stations.
Read MoreDiffering fortunes for financial services group Computershare and car parts group Bapcor in Wednesday trade saw the former gain more than 11% and the latter lose almost as much.
Read MoreShares in the Commonwealth Bank saw a strong bounce yesterday in the wake of the better-than-expected interim earnings, higher dividend and a new share buyback.
Read MoreAs its iron ore earnings suffer a major hit, Perth-based miner and services company Mineral Resources has announced its plans to push further into the lithium space.
Read MoreOnline furniture and homewares group Temple & Webster spent more on marketing and consulting services in the half year as net earnings dropped to $7.2 million, a fall of 40.2%.
Read MoreCab operator A2B Australia has lost both its Chairman and CEO following shareholder unease over a controversial property deal the company struck with a wealthy Sydney family.
Read MoreSuncorp shares rose more than 5% on Tuesday despite December half earnings falling on the back of increased claims and the company cutting its interim dividend by more than 10%.
Read MoreContrasting moves in January, according to the National Australia Bank’s latest survey of the economy, which saw a rise in confidence despite business conditions deteriorating further.
Read MoreInvestment giant Macquarie Bank continued to ride financial markets in the three months to December, posting another record-breaking quarter in profits.
Read MoreA day before it releases its December half results, car parts group, Bapcor has revealed its new CEO in the shape of its chief financial officer.
Read MoreThe market viewed ANZ’s December quarter update as a case of too much upbeat commentary and not enough about whether or not the bank actually earned a profit for the period.
Read MoreLa Nina and the strong local growing season, helped by solid world grain prices, saw Graincorp surprise the market on Monday with a big lift for its FY2022 earnings guidance.
Read MoreBuilding materials group James Hardie reported soaring sales and earnings in the wake of sacking its CEO in early January, just after the reporting period had ended.
Read MoreA one-off bonanza for the six months to December from the country’s second-biggest LIC Argo Investments has come with a warning that the good times are unlikely to reoccur.
Read MoreWarren Buffett and his Berkshire Hathaway are back outperforming the wider market thanks to Meta’s implosion last week and the switch back to value investing as rates head higher.
Read MoreOil set the tone with its seventh straight weekly rise, taking other commodities with it, but this could have huge implications for global inflationary pressures over oncoming months.
Read MoreThe US earnings season continues but attention here switches to local companies as the flow of December 31 results really gets going this week. Inflation, as always, remains in focus.
Read MoreDespite the S&P 500 and Nasdaq Composite indexes having their best week of the year, weakness on the local futures market hints at a lower start for the ASX on Monday.
Read MoreOn paper the very strong January jobs report from the US was just as confusing as the weak readings for December and January had been, and it caught economists out again.
Read MoreInvestors can be excused for feeling more than a little dazed and confused after the very scratchy December quarter reporting period for the market leaders of the past few years – the megatechs (AKA the FAANGs).
Read MoreAs the megatechs struggle with their business models, there is more evidence from the US that a successful digital subscription strategy is paying off for old line media such as print.
Read MoreThe December quarter bought the usual flood of updates from miners on their exploration, development and production operations – here are a few of the key highlights.
Read MoreThe latest half year figures from News Corp’s digital house listings arm REA Group has confirmed that it’s the middlemen that make a lot of money – and not just the banks.
Read MoreA disappointing sales report on Thursday saw shares in online retailer Cettire fall more than 20%, while poker machine giant Aristocrat suffered a setback to its expansion plans.
Read MoreFurniture retailer Nick Scali has warned investors that persistently high international shipping costs will likely cut earnings in the current second half of the of the June 30 financial year.
Read MoreMore evidence of the two-faced nature of the Australian economy, with a robust trade account being offset by weak domestic conditions, particularly in housing approvals.
Read MoreRising pressures on profit margins and the prospect of more to come has forced Westpac to bring forward by two years the bank’s long-promised target date for lower costs.
Read MoreAs Energy Resources of Australia is finding out the hard way, it’s not the production and selling costs involved with mining fossil fuels that catch you in the end, it is the rehab costs.
Read MoreChile has taken the first step towards nationalising its copper and lithium mines, a move that would have huge ramifications – both good and bad – for Australian companies.
Read MoreDecember half year figures confirm packaging giant Amcor is seeing solid returns after it transplanted itself in the wake of the $US6.8 billion Bemis packaging takeover in 2019.
Read MoreNew Zealand currently finds itself in the grip of high inflation, low unemployment and rising interest rates because of increasing cost pressures and still-too-high house prices.
Read MoreJust as Apple did with its stellar 4th quarter results, search and video giant Alphabet (Google) has blown up the idea that tech companies have peaked as investment ideas.
Read MoreThe RBA left interest rates steady and made it clear it will not be forced into lifting them by the current rise in inflation despite confirming the end of its QE campaign on Feb 10.
Read MoreNews today that Boral will return $3bn in capital to shareholders later this month, while Ramsay Healthcare announced the acquisition of UK mental health care provider Elysium.
Read MoreShares in Credit Corp jumped 6% at one stage yesterday as investors enthusiastically greeted what was a solid interim result, higher dividend and upbeat outlook.
Read MoreThe Reserve Bank obviously didn’t find anything to ‘scare the horses’ in yesterday’s start of the month economic data ahead of its first monetary policy meeting for the year.
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