Not Quite So Adored Now
The sheen went off recently-listed beauty retailer Adore Beauty after a less than convincing trading update on Thursday, with shares in the company falling nearly 20%.
Read MoreThe sheen went off recently-listed beauty retailer Adore Beauty after a less than convincing trading update on Thursday, with shares in the company falling nearly 20%.
Read MoreThe Aussie market has snapped its three day winning run with the ASX falling on concerns over increased COVID restrictions in Greater Sydney. The ASX 200 fell 34pts or 0.5% as technology and travel stocks were some of the hardest hit names.
Read MoreDespite a firmer open, the ASX 200 is in the red around midday with broad declines led by tech, travel & big banks. Strength in miners is providing a level of support as shares fell on news of the introduction of new restrictions for greater Sydney.
Read MoreA win and loss for Qantas, as the company is incentivised to keep its HQ in Sydney but has the kibosh put on a proposed route deal with Japan Airlines by the ACCC.
Read MoreImmutep’s (IMM.ASX) lead product candidate LAG-3Ig is currently being investigated in clinical trials as a treatment (in combination with chemotherapy or immune therapy) for various cancer indications.
Read MoreASX200 down 19 points (0.3%) to 7074. National Aust Bank (-2.4%); 1H result. Lots of numbers – 1H profit $3.21bn vs $$1.31bn last year. Revenue -1.5%. Div 60c vs 30c last year and est 56c.
Read MoreNAB has joined Westpac and the ANZ in returning to paying an interim dividend after reporting a solid rebound in earnings for the six months to March 31.
Read MoreTwo days after a solid interim result, a dividend and encouraging noises about cost cuts between now and 2024, Westpac is back in trouble with regulators.
Read MoreThe home building boom looks like continuing until the end of this year after another record month for approvals in March to a seasonally-adjusted $15.56 billion.
Read MoreTyndall AM’s Malcolm Whitten believes that, as the economy bounces back, dividends should return to prior levels, making income generation from equity income funds look attractive compared to bonds.
Read MoreAmcor shares rose 2.3% yesterday in the wake of an encouraging trading update, reporting a 12% increase in net income to $US805 million for the nine months to March.
Read MoreMedibank Private has updated its outlook for the 2021 financial year, anticipating it will see higher policy growth and lower net claims expenses than previously expected.
Read MoreFor the ANZ it looks like a case of ‘sell on the news’ and take profits after the shares dipped yesterday in the wake of a solid recovery in interim earnings and a higher dividend.
Read MoreThe Aussie sharemarket extended its winning streak to a third day, with the ASX 200 lifting by 0.39 per cent. CBA hit a six-year high, ANZ fell despite posting a larger profit and dividend while travel stocks declined.
Read MoreCalima Energy (ASX: CE1) has re-listed this week post the transformational acquisition of Canadian producer Blackspur Oil and a $37.9m capital raising from institutional and retail investors.
Read MoreASX200 up 20 points (0.3%) to 7088. ANZ (-2.2%); 1H profit $2.94Bn, up 90% and 10-15% above expectations. Div 70c vs 25c yoy.
Read MoreOn Tuesday a very weak trading update from Flight Centre, Australia’s biggest travel agency, helped explain the recent loss of traction for the sector.
Read MoreANZ has joined Westpac in lifting earnings and dividend for the six months to March 31 as the economy and lending in particular recovers from 2020’s pandemic driven lockdowns.
Read MoreThe Dow Jones index rose by 20 points or 0.1%. But the S&P 500 index lost 0.7% and the Nasdaq index dropped 262 points or 1.9%.
Read MoreAnother solid sales update from Super Retail Group as Australians continue to fiddle with their cars, get outside for a bit of exercise, boating or fishing, while wearing a nice pair of boots.
Read MoreThe RBA will keep the key cash rate steady but has started moving to cut the size of its support packages to accommodate the strengthening economy.
Read MoreRecruitment group Seek has confirmed the long-awaited bonus dividend for shareholders and upgraded its outlook based on the performance of its Australasian job ads businesses.
Read MoreRecovering global economies have raised the spectre of higher inflation down the track. Trent Koch from First Sentier Investors looks at how such an environment could affect listed infrastructure assets.
Read MoreFrank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook.
Read MoreEnergy group AGL is still heading for splittsvile despite losing its CEO last month, a departure that saw some analysts claim that the division of the company might not happen.
Read MoreLife after China continues for Treasury Wine Estates which is continuing to push deeper in the huge US market despite its disappointments there in the past decade or more.
Read MoreAussie shares have closed higher for a second day in a row. The ASX 200 rose 39pts or 0.56% to 7,068 as energy and mining stocks outperformed. Gold miners were some of the big winners for the day. Tech was again the major laggard.
Read MoreCharter Hall has made a habit of upgrading guidance then beating this at the result. Now, FY21 has been upgraded for the third time.
Read MoreBell Potter analyst Hayden Nicholson updates developments in the LIC market. This week: Bailador validates PE valuations
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 21 points (0.3%) to 7050. Nine Entertainment (+0.7%); 3Q ad revenue grew by 6% yoy. Expects costs to fall 3% yoy. Stan Sports subscribers approaching 150,000.
Read MoreThe biggest question in global business has been settled – who will replace Warren Buffett at the head of Berkshire Hathaway.
Read MoreThe Dow Jones index rose by 238 points or 0.7%. The S&P 500 index gained 0.3%, but the Nasdaq index dropped 67.5 points or 0.5%.
Read MoreAmid the massive boom in Listed Investment Companies (LICs) and Trusts (LITs) over recent years, there’s a lot to be said about the advantages of a ‘traditional’ LIC, such as AFIC.
Read MoreKerry Stokes’ 40% owned Seven West Media has issued a cautious upgrade to its March quarter trading performance while confirming revenue deals with Google and Facebook.
Read MoreSuddenly Kerry Stokes has a problem in his business empire that won’t be cheap to fix, involving Seven Group Holdings’ 30+% stake in Aussie oil and gas explorer Beach Energy.
Read MoreWestpac shares hit their highest level in 16 months on Monday thanks to a big tick of approval from investors for a better-than-expected interim result and dividend payout.
Read MoreThe surge in house prices slowed a touch in April but still enjoyed a nice national rise, while Australian manufacturing activity rose to record levels.
Read MoreAustralia is deep into a commodity price supercycle thanks to continued strength in the prices of iron ore, oil and LNG, copper, and other key rural commodities.
Read MorePremier Investment’s majority shareholder Solomon Lew has reversed his contentious decision not repay $15.6 million in government JobKeeper subsidies.
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