AMP the Little Aussie Bleeder
Shares in AMP hit a new all-time low on Thursday after it reported more outflows in the March quarter from its shrinking wealth and asset management businesses.
Read MoreShares in AMP hit a new all-time low on Thursday after it reported more outflows in the March quarter from its shrinking wealth and asset management businesses.
Read MoreLocal shares built on a shaky start to close well higher on Thursday. The ASX 200 added 58 pts or 0.8% as it enjoyed its best daily improvement in 2 weeks. Improvements were broad with nearly all sectors lifting.
Read MoreThe Aussie market is edging higher at lunch as it looks to rebound from back-to-back losses. Investors continue to get plenty of quarterly updates to keep things interesting with AMP, Woodside, Santos & Redbubble among the more notable names.
Read MoreIn a surprise move, AGL Energy CEO Brett Redman has resigned with immediate effect after just two-and-a-half years in charge of the country’s biggest energy utility.
Read MorePriceline chemist chain operator Australian Pharmaceutical Industries surprised on Thursday with a 30% slide in interim profit thanks to the impact of COVID shutdowns.
Read MoreNine of the 11 S&P 500 sectors rose, with only communication services and utilities falling. Shares in Netflix fell by 7.4% after it disappointed with data on subscriber growth in the first quarter.
Read MoreThe interim earnings releases for Westpac, NAB and ANZ are now around two weeks away and analysts have started rubbing their crystal balls, with Westpac for some the one to watch.
Read MoreRetail sales recovered in March, but while the 1.4% rise was slightly better than expected and more than made up for the slide in February, the longer-term trend remains cloudy.
Read MoreWhat will ultimately separate winners from losers in the BNPL sector is how profitable and durable their business models will be as the market becomes more regulated, increasingly crowded, and more commoditised.
Read MoreTwo updates yesterday from mid-level operators Helloworld and Corporate Travel Management suggest a rising degree of optimism about the future for the travel industry.
Read MoreBHP had solid ore sales from its mines in Western Australia in the three months to March 31 as wet weather and maintenance impacted output and exports.
Read MoreWhile the ASX 200 still closed lower for a second successive session, it could have been a far larger fall with the benchmark index down roughly 110 points or 1.5% at lunch.
Read MoreBapcor is in the front seat, amid confidence in the company’s ability to drive earnings growth beyond the stimulus that underpinned FY21.
Read MoreResilience in Fuels and Infrastructure delivers strong first quarter 2021 result ahead of expectations for Ampol, despite a challenging external environment, volatile retail fuel volumes, and reduced regional refiner margins/volumes.
Read MoreEagers Automotive is experiencing a rare combination in the automotive sales industry – tight supply and strong demand. Will it last?
Read MoreThe Aussie market has followed US markets lower as investor concern over rising COVID-19 cases globally weighs on equity markets. The ASX 200 has fallen back below 7,000 on broad losses.
Read MoreInvestors on Wednesday sold off Nuix shares after the company said it will not meet the business forecasts set out in its IPO documents issued last December.
Read MoreASX200 down 65 points (0.9%) to 6952. BHP (-1.8%); reported a 7% drop in Q Iron Ore shipments but still sees FY iron ore output near upper end of forecast.
Read MoreNetflix disappointed investors again with subscriber numbers falling short of its own forecasts, but the market ignored the company’s best quarterly financial performance in its history.
Read MoreThe Dow Jones index fell by 256 points or 0.8%. The S&P 500 index fell by 0.7%. And the Nasdaq index lost 128.5 points or 0.9%. After the close of trade, shares in Netflix were down by 10% in response to its earnings result.
Read MoreRio Tinto lifted its shipments of iron ore during the March quarter, thanks to solid demand from China and recovering demand from Japan, South Korea and other markets.
Read MoreWoolworths has tightened its control of retail data analytics firm Quantium and will use the controlling stake in the start-up to build a completely separate division.
Read MoreChallenger’s investors didn’t seem to like the figures in the financial group’s third quarter update, despite it looking good on paper with further growth across the business.
Read MoreIn its third quarter update, BNPL group Afterpay confirmed media reports earlier in the year that it was looking at a US market listing in the not-too-distant future.
Read MoreSam Ruiz, Portfolio Specialist in the Equity Division at T. Rowe Price, provides an update on the firm’s global equity fund and his views on where markets around the world look to be headed.
Read MoreSeven Group said on Tuesday that it had raised $500 million from institutional investors with strong support from domestic and international investors at $22.50 per new share.
Read MoreShares in Temple & Webster fell at the opening yesterday, losing more than 5% as investors took a first glance at a third quarter trading update and gave it a quick thumbs down.
Read MoreThe market took a set against rare earths miner Lynas yesterday after its third quarter report revealed a slide in sales because of problems shipping its products.
Read MorePerennial Value’s Dan Bosscher has seen bond markets lead equity markets time and time again, just as they are now – so what are they telling us this time?
Read MoreThe ASX 200 ended its recent winning run with the benchmark index falling 48pts or 0.7% to 7,017. While it has eased back from its recent 13-month highs, it remains only ~2.5% away from the record levels of February last year.
Read MoreThomas Rice, portfolio manager for the Perpetual Global Innovation Share Fund provides his regular wrap of technology, innovation, and finance news.
Read MoreBell Potter analyst Hayden Nicholson updates developments in the LIC market. This week: NAOS Asset Management Spotlight.
Read MoreThe Aussie market is on track for its first daily decline in over a week, following losses on Wall St overnight. There have been plenty of company quarterly updates to keep news flowing. Afterpay (APT) and Rio are two of the bigger names to release updates.
Read MoreThe Dow Jones index fell by 123 points or 0.4%. The S&P 500 index fell by 0.5%. And the Nasdaq index lost 138 points or 1.0%.
Read MoreKazia Therapeutics has announced that it has entered into a worldwide exclusive licensing agreement and a master services agreement with Evotec SE, a leading European drug discovery and development company.
Read MoreA year on from the COVID-19 outbreak and subsequent collapse in global economic activity and stock markets, Platinum’s Andrew Clifford takes stock.
Read MoreJames Packer has been offered a way to exit the troubled Crown Resorts share register in a painless fashion for him, but what about the rest of the Crown share register?
Read MoreKanish Chugh from ETF Securities runs through 5 things the past 12 months and the pandemic in particular have taught us about gold.
Read MoreCenturia Capital and Primewest announced a $15.5 billion merger that will lift Centuria into the ASX200 and allow it to expand into the lucrative agricultural property sector.
Read MoreRupert Murdoch’s News Corp recently raised more than $A1.3 billion and now Kerry Stokes wants half a billion dollars for his Seven Group Holdings master company to reduce debt.
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