Mineral Resources faces headwinds amidst debt surge
Perth-based Mineral Resources (ASX:MIN) has dropped its final dividend after reporting a surge in debt for the year to June and an 80% decline in earnings.
Read MorePerth-based Mineral Resources (ASX:MIN) has dropped its final dividend after reporting a surge in debt for the year to June and an 80% decline in earnings.
Read MoreShares in Warren Buffett's Berkshire Hathaway became the first U.S. non-tech company to reach a $1 trillion market value on Wednesday, continuing its impressive 2024 rebound.
Read MoreSince the beginning of last year, the major winners in the market have been big tech stocks. However, looking a bit further back reveals a different story, one that could re-emerge in the market’s future.
Read MoreIn today’s market, miners looking to stand out need exposure to copper, the critical commodity expected to soar in value as the energy transition wraps the globe in electrical infrastructure. BHP ASX:BHP) is no exception.
Read MoreThis year’s rally in gold prices has demonstrated that the precious metal is no longer strictly tied to the interest rate cycle. However, that doesn't mean lower rates won't have an impact; discussions at last week’s Jackson Hole symposium in Wyoming about potential rate cuts could give gold an additional boost.
Read MoreUS stocks retreated overnight, pressured by a dip in Nvidia shares as investors awaited results after the bell.
Read MoreUS stocks retreated overnight, pressured by a dip in Nvidia shares as investors awaited results after the bell.
Read MoreNvidia's revenue more than doubled in the past quarter, continuing its streak of impressive growth and surpassing market expectations. The US chipmaker also authorised another $50 billion share buyback as earnings soared over the past year.
Read MoreNine Entertainment (ASX:NEC) has confirmed that the country's media sector is struggling, with declining revenue and earnings. However, unlike its rivals, Seven and Ten, Nine will still pay a dividend, albeit at a lower rate of 8.5 cents per share for the year.
Read MoreFor such a strong (but well-guided) annual result, the 2.9% rise for Flight Centre Group (ASX:FLT) shares on Wednesday seemed appropriate.
Read MoreAfrican-focused gold miner Perseus Mining (ASX:PRU) on Wednesday announced a higher dividend and share buyback, reflecting the company's robust financial performance. The surge in global gold prices during the past year significantly boosted revenue and earnings.
Read MoreShares in data centre boomer, NextDC (ASX:NXT), slipped yesterday after the company produced a mixed result that left some investors perplexed.
Read MoreThe Australian share market closed flat on Wednesday, with consumer staples offsetting losses in commodity stocks.
Read MoreLynas Rare Earths (ASX:LYC) weathered the global rare earths market downturn and still managed to report a profit, albeit significantly lower than the previous year. Like its lithium peer, Pilbara Minerals, Lynas demonstrated resilience in the face of declining demand for these exotic minerals.
Read MoreTabcorp (ASX:TAH) shares plummeted over 20% on Wednesday after the company announced a significant non-cash impairment charge of $1.37 billion for its wagering business. This write-down, which is more than double the size of a similar impairment in February, reflects the challenges facing the gambling industry in Australia.
Read MoreFund Manager Chris Pedersen discusses Bank of Queensland, Inghams Group and Qube Holdings.
Read MoreSequoia Financial Group Limited (ASX:SEQ) CEO and Managing Director Garry Crole and CFO and COO Lizzie Tan discuss the group's financial results for the year ended 30 June 2024.
Read MoreThe monthly headline consumer price index (CPI) in Australia decelerated to 3.5 per cent year-on-year in July, down from 3.8 per cent in June, slightly exceeding analysts’ expectations of 3.4 per cent.
Read MoreA snapshot of the stocks on the move, featuring Felix Gold (ASX:FXG), Macro Metals (ASX:M4M) and Critical Resources (ASX:CRR).
Read MoreFocused on supplying high-purity manganese for electric vehicles, Euro Manganese Limited (ASX:EMN) is advancing a project in the Czech Republic that repurposes historical mine tailings. The company's recent offtake agreement with Wildcat Discovery Technologies is a significant milestone, with more agreements and funding efforts planned for the near future.
Read MoreA slightly higher average price for 2023-24 helped Fortescue (ASX:FMG) offset a dip in exports, resulting in a solid rise in earnings and a higher dividend for the year to June.
Read MoreUS stocks closed slightly higher on Tuesday as investors looked ahead to a crucial earnings report from Nvidia.
Read MoreUS stocks closed slightly higher on Tuesday as investors looked ahead to a crucial earnings report from Nvidia.
Read MoreWorley (ASX:WOR) reported a 27% increase in underlying profit for the 2024 financial year. However, the engineering services group's share price only rose by 2.5%, falling short of analysts' forecasts and leaving shares down 17% year-to-date.
Read MoreIn a statement that is likely to ruffle feathers in the boardrooms of many mining companies, BHP (ASX:BHP) has predicted a challenging future for the iron ore market. The Australian mining giant believes that the commodity's days of soaring prices are over, citing China's economic slowdown and increased supply as key factors.
Read MoreThe country’s second-largest supermarket group, Coles Group (ASX:COL), will pay shareholders 3% more in total dividends for the 2023-24 year after a 2.1% increase in earnings to a new high of $1.1 billion.
Read MoreMoody's Ratings gave BHP's (ASX:BHP) 2023-24 results a thumbs up, despite multi-billion-dollar impairment losses on its nickel business and involvement in the Samarco mine dam failure in Brazil nine years ago.
Read MoreThe Australian share market experienced a slight downturn on Tuesday, primarily driven by rising tensions in the Middle East and mixed corporate earnings results.
Read MoreFashion jewellery retailer Lovisa (ASX:LOV) shares plummeted sharply on Tuesday after the company's 2023-24 results were met with disappointment by analysts and investors.
Read MoreLower oil and gas prices saw Woodside Energy (ASX:WDS) report a 14% drop in underlying after tax net profit to $US1,632 million, down 14% on the corresponding period in 2023.
Read MoreBHP (ASX:BHP) has reduced its final dividend to 74 US cents per share from the previous year's final dividend of 80 US cents, following a slight increase in operating profit for the year ending June.
Read MoreBHP (ASX:BHP) has released its initial estimate of the Oak Dam prospect in South Australia, revealing a substantial underground copper and gold deposit. Located 65 kilometres from the company’s massive Olympic Dam mine, the deposit contains an estimated 1.3 billion tonnes of copper and gold.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses house prices.
Read MoreThe Australian sharemarket has seen a modest decrease and at 11:35am, the S&P/ASX 200 is 0.04 per cent lower at 8,080.90, following a mixed session on Wall Street where investors weighed earnings reports from major Australian companies.
Read MoreA snapshot of the stocks on the move, featuring Antilles Gold (ASX:AAU, OTCQB:ANTMF), Elementos (ASX:ELT) and Sayona Mining (ASX:SYA; OTCQB:SYAXF).
Read MoreLithium Universe Limited (ASX:LU7) CEO Alex Hanly provides an update on the company, discussing collaboration with the W8banaki, listing on the Frankfurt stock exchange and the OTC Markets and outlook.
Read MoreThe Dow Jones Industrial Average notched a new all-time high overnight as investors sought to shake off a recent market slump.
Read MoreSeemingly unnoticed by the bears, particularly in Australia, iron ore prices surged on Monday, regaining the $US100 per tonne level on the SGX trading platform in Singapore.
Read MoreExxonMobil has projected that global oil demand will remain above 100 million barrels per day by 2050, suggesting the global energy transition will not sufficiently reduce reliance on fossil fuels.
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