Survey Says: Market Getting Nervous
Big global investors are getting worried and defensive and the current June 30 reporting season with big profit rises, higher dividends and lots of capital management moves is not working its magic.
Read MoreBig global investors are getting worried and defensive and the current June 30 reporting season with big profit rises, higher dividends and lots of capital management moves is not working its magic.
Read MoreA successful 2020-21 for two Australian multinationals saw Sims Metal and Breville take different approaches to rewarding shareholders on Tuesday: one upped its dividend, the other slashed theirs.
Read MoreNews that BHP was exiting carbon and becoming ‘greener’ via its Jansen potash project in Canada was overshadowed by the 2020-21 result, huge dividends and the Woodside Petroleum deal.
Read MoreA series of announcements from BHP on Tuesday with a lot of naughts and a historic, company-changing restructure that will see a long-term boost to the value of the company’s share price.
Read MoreWith peak reporting season upon us, here are snippets from the results announced yesterday by Shopping Centres Australasia, Domain Holdings, and Magellan Financial Group.
Read MoreDespite the regulatory troubles dogging it, Westpac has signalled it may follow rivals in launching a share buyback, saying its board will consider returning excess capital later this year.
Read MoreLike the rest of its sector, Santos rode the rebound in global oil and gas prices in the June half, reporting a net profit after tax of $US354 million including net gains on asset sales.
Read MoreWith peak reporting season upon us, here are snippets from the results announced yesterday by Bendigo and Adelaide Bank, Seven West Media, Carsales.com, and Lendlease.
Read More2020-21 was a record year for JB Hi-Fi – record sales, record earnings and yesterday we saw a record final and dividend for the year that some banks would envy – but where to from here?
Read MoreBlueScope Steel saw a surge in earnings in the year to June which enabled the country’s biggest steelmaker to more than triple its final dividend, announce a special payout, and reveal a $500m buyback.
Read MoreConclusive evidence on Monday that China’s economy is slowing more rapidly at the same time as the government orders to its steel industry to cut production to reduce carbon emissions.
Read MoreSydney Airport has again rejected overtures from a group of local and offshore superannuation investors, despite their having raised the non-binding bid from $8.25 to $8.45 a share.
Read MoreAdelaide-based LIC Argo Investments has cut its dividend payout to shareholders after reporting a 12% plus slide in earnings for the year to June.
Read MoreThe shape of the Australian oil and gas sector could be changed this week with confirmation that Woodside is in talks to buy BHP’s petroleum division in a deal valued at around $20 billion.
Read MoreThe weekend move to lock down all of NSW should finally make investors pay attention to the worsening Covid Delta situation that has now brought the country’s biggest state economy to a halt.
Read MoreAmid all the gloom at the moment from Covid Delta, lockdowns etc, Australia’s position in the global wheat market continues to improve, helped by prices reaching recent highs in the US and Europe.
Read MoreAmerican oil producers continue to boost activity in the face of a slowing in demand thanks to the rise of the latest wave of Covid infections in economies large and small.
Read MoreNew Zealand holds centre stage this week for what many analysts think will be the first significant monetary policy move from any central bank with credibility – an interest rate rise.
Read MoreThe Australian June 30 profit reporting season hits its peak this week with around 90 ASX 200 companies down to report with BHP’s full year figures tomorrow the major results for investors.
Read MoreAccording to global oil and gas giant BP, Western Australia is prime territory for “the production of green hydrogen and green ammonia using renewable energy,” adding another feather to the region’s bow.
Read MoreNewcrest has sent a big message to the market about the growing importance of the East Pilbara gold and copper finds like its Havieron joint venture and Rio Tinto’s Winu.
Read MoreSwamped in the first significant day of the June 30 reporting season on Thursday was the second upgrade for grain handling group GrainCorp which for a long time was a major victim of the long drought.
Read MoreAir New Zealand remains on government provided life support after the Ardern government agreed to defer the capital raising planned for next month by at least six months to the first quarter of 2020.
Read MoreTelstra shares briefly touched $4 yesterday for the first time in more than four years, on the back of a solid set of figures for 2020-21, along with a $1.4 billion dividend payout.
Read MoreRising global property valuations helped the annual results of majors Goodman Group and Mirvac in the year to June 30, although the news helped neither’s share price on Thursday.
Read MoreAGL, the nation’s largest power supplier, has reported a not unexpected loss of $2.06 billion loss for the year to June ahead of its split into a good company and a bad company.
Read MoreQBE lifted its dividend for the June half after its results saw a sharp recovery to a net profit of $US441 million from the loss of $US712 million in the corresponding period last year.
Read MoreTraders on the ASX were served up a trio of upbeat reports on Thursday from retailer Myer Group, engineering and services contractor Downer EDI, and grain handler Grain Corp.
Read MoreNational Australia Bank has reported a 10.3% rise in unaudited cash earnings to $1.70 billion for the three months to June – its first quarter.
Read MoreSigns of life after a near death experience for struggling Sydney based wealth manager AMP, as it revealed a 57% rise in interim profit on Thursday, helped by stronger AMP Bank earnings and investment income.
Read MoreThe Dow and S&P 500 hit new record highs after the latest consumer inflation data added support for the Fed’s contention that the price pressures are ’transitory’.
Read MoreA record close and peak price in trading tells you all you need to know about how the market regarded the biggest non-tip of the year – a capital return from the Commonwealth Bank.
Read MoreChina’s July new car sales data underlines the growing importance of so-called New Energy Vehicles in supporting total car sales across the country at levels higher than they would otherwise be.
Read MoreThe 2021 commodities boom emerged nicely in the annual results of Mineral Resources yesterday, as the lithium and iron ore player beat expectations and announced a fully franked $1.75 dividend.
Read MoreShares in Insurance Australia Group fell yesterday, despite news of a doubling in dividend in 2020-21 from the previous year and a loss in line with that already signalled in earlier guidance.
Read MoreWestpac has hit its second money laundering problem in two years – this time in New Zealand where the key regulator has issued a formal warning to the bank for failing to report breaches of the country’s anti-money laundering law.
Read MoreNot much of a surprise that the National Australia Bank’s July business survey has revealed a sharp slide in confidence and conditions, thanks to the continued lockdowns around the country.
Read MoreJames Hardie has upgraded guidance on strong growth expectations across North America, Asia Pacific and Europe for the current 2021-22 financial year, which ends next March.
Read MoreNo sign yet of a slowing in the pace of Chinese iron ore imports, even though the government continues to pressure steelmakers to keep crude steel output at 2020’s 1.065 billion tonnes.
Read MoreShareholders in Challenger, the country’s largest annuities provider, regained a dividend but lost a CEO in Tuesday’s full year results that were broadly in line with the guidance provided last month.
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