Leaner, Meaner Telstra Continues Resurgence
Telstra 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 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 MoreElfreda Jonker from Alphinity provides us with an in-depth breakdown of how she saw things play out in the last financial year and how she sees things playing out in the current one.
Read MoreMany think the internet giants are too big for society’s good. But even a rethink of competition policy along such lines is unlikely to curb the largest platforms. Magellan’s Michael Collins with more.
Read MoreThe Aussie market struggled for direction on what was a busy day of company profit results. The ASX 200 managed a small gain of 4pts to another record closing high of 7,588.
Read MoreGAM Investments’ Mark Hawtin says new ways of manufacturing will increasingly be led by innovative technologies, opening up exciting and differentiated investment opportunities.
Read MoreCentral banks are being forced to address many challenges. Given these tensions, will controlling inflation retain its overriding precedence? As priorities change, we believe inflation is on the verge of an important shift higher.
Read MoreThomas Rice, portfolio manager for the Perpetual Global Innovation Share Fund provides his regular wrap of technology, innovation, and finance news.
Read MoreASX200 up 1 point to 7584. Newcrest (+0.7%); said it would go ahead with a $182m project to shore up long-term production from its Telfer gold mine in WA.
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 MoreUS data indicated US inflation growth may have peaked, while sectors tied to economic growth advanced on the heels of the passage of a large US$1 trillion infrastructure bill.
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 MoreLast week, alternative lender Plenti Group Limited issued its debut asset-backed securities transaction: $306.3 million of notes to investors, backed by secured automotive loans.
Read MoreFidelity’s Paras Anand looks at what might happen next in Chinese markets after the recent selloff due to the publication of regulations targeting education companies fuelled fears of deeper policy uncertainties.
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 MoreThe Australian sharemarket continued to shrug off lockdowns with the ASX 200 hitting its 7th fresh record high in 8 days. CBA rose by 1.5%.
Read MoreIn his progression from student entrepreneur to founder of one of the world’s fastest growing online travel companies, 41-year-old Melburnian Adam Schwab has tackled plenty of business challenges.
Read MoreGenetic Signatures’ growth strategy is about building its customer numbers, the range of its proprietary tests for COVID-19 and a range of viral, protozoan, fungal and bacterial infections.
Read MoreHumanity has a profound demographic problem and it’s not overpopulation. On the contrary, men are becoming more infertile and the quality of their sperm is deteriorating, leading to health problems.
Read MoreWith electrification of the transport industry seen as a key part of the global journey to “net zero emissions” Australia’s electric motorcycle & moped company Vmoto could not be better placed.
Read MoreInnovation is critical for growth and according to Paul Niardone, Managing Director of The Agency Group (ASX: AU1), it sits at the core of the company’s business model.
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 MoreASX200 up 3 points (0.4%) to 7596. Commonwealth Bank (+1.2%); FY net profit $8.65bn, +19.8% yoy. Dividend $2 vs $1.50 yoy. $6bn buy back. Lots of comments out there…..
Read MoreThe Dow Jones index rose by 163 points or 0.5% to record highs. The S&P 500 index rose by 0.1% to record highs. But the Nasdaq index lost 72 points or 0.5%.
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 MorePart One of Six in a video series with Schroders Australia Fund Manager Simon Adler, in which he breaks down the reasons behind Schroders’ recent rotation from growth to value.
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.
Read MoreJulian McCormack, Cameron Robertson and Charles Brooks from Platinum Asset Management discuss China’s recent policy initiatives and why Platinum continues to see opportunities.
Read MoreThe Australian sharemarket rose by 0.3%, hitting another all-time high and finishing at a record closing high on Tuesday. Lockdowns have yet to slowdown the local market.
Read MoreAustralia’s would be 4th domestic airline Regional Express (Rex) has warned that the continuing lockdown in NSW will add $3 million to its projected losses for the June 30 year.
Read MoreThe Australian sharemarket briefly hit its sixth record high in seven days on the open, with the ASX 200 only just hanging onto gains at midday.
Read More