Westpac profit down 3%, but dividend up 4 cents
Westpac Banking Corporation (ASX:WBC) has announced its full-year financial results for 2024, with dividend bump and NPAT slightly exceeding expectations.
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Dow and Nasdaq gain ground as traders look past jobs report
US stocks surged on Friday to kick off November, with Amazon leading the way for major tech companies as traders largely overlooked a disappointing jobs report.
Read MoreSwing state showdown and the road to 270
Betting markets and fundamental analyses are diverging from traditional polls, adding layers of unpredictability to an election too close to call.
Read MoreDespite losses, Intel surges on fourth-quarter guidance
Intel (NASDAQ: INTC) stock rose over 8% on Friday, following the company’s third-quarter earnings release. This is despite Intel reporting a US$16.6bn loss for the quarter.
Read MoreShares under pressure from bonds, US election, Inflation falls but still high, RBA to hold
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events.
Read MoreHome price growth just 0.3% in October, Expect average price to remain weak until cuts next year
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices.
Read MoreReporting season including 6 of the Magnificent 7, Election, Fed meeting, Economic data
What a huge two weeks with US Economic data and 278 of the 500 S&P500 stock reporting this week, while the US Presidential election and Fed Funds rate will be the focus next week.
Read MoreQ1 profits rise as Amcor wraps its strategy around cost control
Amcor (ASX:AMC, NYSE:AMCR), a global leader in packaging solutions, reported first-quarter results for the 2025 fiscal year, showing sequential growth driven by its Flexibles and Rigid Packaging segments.
Read MoreTower sees leadership change after digital growth milestones
Tower (ASX:TWR), a New Zealand-based insurer specialising in both Kiwi and Pacific Island markets, announced today that CEO Blair Turnbull will step down in February 2025, following the company's Annual Shareholder Meeting.
Read MoreCapstone Copper delivers solid Q3, but revises guidance amid ramp-up delays
Capstone Copper (ASX:CSC, TSX:CS) has reported a productive third quarter for 2024, underscoring its ongoing transformation and growth across key projects.
Read MoreMacquarie profit climbs on asset management fees, but growth slows in commodities
Macquarie Group (ASX:MQG) has announced a 14% year-on-year increase in half-year net profit after tax to A$1.61bn for the period ending 30 September 2024, driven largely by higher performance fees in Macquarie Asset Management and further digitalisation in Banking and Financial Services.
Read MoreUS stocks slide as tech earnings disappoint
Stocks declined on Thursday as Wall Street processed disappointing quarterly results from major tech companies and braced for additional earnings reports.
Read MoreApple tops Q4 expectations, but market reacts cautiously
Apple released its fiscal fourth-quarter 2024 results on 31 October, marking a 6% year-over-year revenue increase to US$94.9bn, which slightly exceeded analyst expectations of US$94.4bn.
Read MoreUber’s revenue takes the wheel, but bookings miss a turn
Despite positive figures, Uber is currently down around 9.3% following its Q3 earnings announcement.
Read MoreEU slaps Teva with 463m euro fine for abusing market position
The European Commission has fined Teva Pharmaceuticals €462.6m for abusing its dominant market position by blocking competition to its multiple sclerosis drug, Copaxone.
Read MoreAmazon’s Q3 beats forecast thanks to AWS and ad strength
Amazon.com reported third-quarter earnings after market close today. They have exceeded market expectations, driven by strong performances in the company's cloud computing and advertising divisions.
Read MoreCounter-drone tech and satellite contracts propel EOS’s Q3 results
Electro Optic Systems Holdings Limited (ASX:EOS) presented an optimistic third-quarter update for 2024, showcasing recent contract wins, strong cash inflow, and significant advancements in manufacturing.
Read MoreStocks of the Hour: Talga Group, Locksley Resources, Trek Metals, Forbidden Foods
A snapshot of the stocks on the move, featuring Talga Group (ASX:TLG), Locksley Resources (ASX:LKY), Trek Metals (ASX:TKM) and Forbidden Foods (ASX:FFF).
Read MoreSteady retail and rising housing approvals offset export slump
The Australian Bureau of Statistics released a range of economic updates today, highlighting shifts across building approvals, export prices, and retail spending for September 2024.
Read MoreCorporate Travel flying high with record earnings
Corporate Travel Management (ASX:CTD) shared strong progress in a market update released today ahead of the company's Annual General Meeting. The report indicates gains in the company's primary markets and effective cost management strategies.
Read MorePointsBet doubles down on cost efficiency and scores Q1 growth
PointsBet Holdings (ASX:PBH), a Melbourne-based sports betting and iGaming company, has reported steady growth in Q1 FY25, driven by a balanced approach of market expansion and cost optimisation.
Read MoreCancer detection and exosome breakthroughs drive INOVIQ’s Q1
INOVIQ (ASX:IIQ) highlighted progress in its diagnostic and therapeutic programs in its quarterly update for the period ending 30 September 2024.
Read MoreBluGlass’s quarter showcases defence ties and next-gen lasers
In its quarterly report for the period ending 30 September 2024, BluGlass (ASX:BLG) shared details of a partnership with Uviquity, a US-based startup specialising in wide-bandgap semiconductors and integrated photonics.
Read MoreCountdown to approval: Mesoblast readies for Ryoncil’s FDA milestone
Mesoblast (ASX:MSB; Nasdaq:MESO) has reported significant milestones in its Q1 FY2025 results, including an anticipated FDA decision on its lead product, Ryoncil.
Read MoreHi-Five for JB with NPAT of $438m
JB Hi-Fi (ASX:JBH) has announced Q1 FY25 results, with a 4.9% total sales growth in JB Hi-Fi Australia, 19.6% growth in New Zealand, and 5.3% for The Good Guys.
Read MoreQ1 growth for Coles: Supermarkets lead, but digital upgrades cost
Coles Group (ASX:COL) reported mixed results in its first quarter of FY2025, highlighting growth in some segments while grappling with tightened consumer spending in others.
Read MoreMin Res and Hancock strike $1.13bn gas deal to fuel WA expansion
Mineral Resources (ASX:MIN) has announced a pivotal $1.13bn deal with Hancock Prospecting, selling 100% of its exploration permits in the Perth Basin and forming joint ventures on remaining assets across the Perth and Carnarvon basins.
Read MoreUS market retreats as earnings reports roll in
Stocks dipped on Wednesday as investors processed a flood of earnings reports and looked ahead to more results from major tech companies.
Read MoreMicrosoft’s AI and cloud success drive Q1 earnings boost
Microsoft released its Q1 FY25 financial results after market close today, reporting revenues of US$56.5bn and an earnings per share of US$2.99. These figures surpassed consensus projections, which estimated revenue at US$54.5bn and EPS at US$2.65.
Read MoreMeta’s Q3 surpasses expectations, buoyed by AI and ad growth
Meta Platforms (Nasdaq: META) reported its Q3 2024 earnings after market close, showcasing a strong financial performance.
Read MoreVolkswagen in reverse: Profit falls 64% to 2.77bn
Europe's largest carmaker, Volkswagen, has announced a 64% plunge in profits for the third quarter as it confronts sluggish demand in China and elevated production costs. Net profit fell to €1.57bn, down from €4.34bn a year earlier.
Read More$50bn bet on AI: KKR and ECP launch infrastructure partnership
KKR and Energy Capital Partners (ECP) have committed to a US$50bn investment to meet the fast-growing needs of artificial intelligence (AI) and cloud computing.
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Inflation back on target, but interest rate relief uncertain
Australia’s inflation has returned to the Reserve Bank of Australia’s (RBA) target range of 2-3% for the first time since March 2021, driven by a substantial drop in energy and fuel prices.
Read MoreEmpire Energy targets mid-2025 gas sales
Empire Energy (ASX:EEG) has released its Q3 2024 quarterly report, announcing progress in its Carpentaria Gas Project.
Read MoreData3 reports record sales and AI growth
Data3 (ASX:DTL) has announced record gross sales of $2.8bn for FY24 at its AGM, representing 7.6% year-over-year growth despite economic headwinds like inflation and tightened corporate spending.
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Appen finds footing in AI market despite loss of Google
Appen (ASX:APX) has reported its Q3 FY24 results, highlighting resilience despite challenges in the tech sector.
Read MoreStocks of the Hour: Noble Helium, E79 Gold Mines, Syrah Resources
A snapshot of the stocks on the move, featuring Noble Helium (ASX:NHE), E79 Gold Mines (ASX:E79) and Syrah Resources (ASX:SYR).
Read MoreGold Road ramps up production at Gruyere and expands exploration
Gold Road Resources (ASX:GOR) has reported a 10% increase in gold production at the Gruyere Gold Mine, totalling 68,781 ounces for the September quarter.
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