July 18, 2023

Australia must accelerate the development of renewable energy generation projects or face a significant increase in electricity prices for households and businesses, according to Guy Debelle, former deputy governor of the Reserve Bank. Speaking at the Clean Energy Summit in Sydney, Debelle emphasised the need for action to meet the nation’s net-zero targets and address […]

Europe’s ongoing heatwave is fuelling a surge in solar electricity production across the continent, with the combination of increased solar capacity and sunny weather breaking generation records in several countries. According to Ember, solar electricity generation in Europe rose by nearly 11% in the first half of the year compared to the same period in

Ampol Limited (ASX:ALD, NZX:ALD) has reported a strong first half performance for the 2023 financial year, with the completion of successful refinery repairs. The unaudited Group RCOP EBIT for the first half is approximately $575 million, and RCOP EBITDA is approximately $800 million. Key highlights of the first half performance include a 24% increase in

Shares of Lendlease, the renowned property group, tumbled just under 5% following the company’s announcement to cut 10% of its global workforce, with the most significant reductions expected in offshore markets. This unexpected move has raised concerns among investors about future earnings and the impact on the company’s performance. Lendlease has been actively restructuring its

Aurizon (ASX:AZJ), the leading integrated rail provider in Australia, unveiled its progress and growth opportunities during an Investor Day event held in Darwin. The presentation highlighted the company’s strategic execution, business performance, and its potential for expansion in the Bulk and Containerised Freight markets. Aurizon provided insights into its earnings outlook for FY2023 and FY2024.

Renowned gloves maker Ansell (ASX:ANN) has issued another warning about an earnings slowdown, attributing it to a surplus of unsold products resulting from the COVID-19 pandemic. The excess inventory, including gloves and surgical items, has prompted distributors to reduce their orders, impacting Ansell’s business. The oversupply issue has also affected Ansell’s division that manufactures protective gear

The Dow Jones Industrial Average closed higher overnight as traders digested better-than-expected corporate earnings. The Dow added 366.58 points, or 1.06 per cent, to close at 34,951.93. The Nasdaq Composite climbed 0.76 per cent to finish the session at 14,353.64, while the S&P 500 gained 0.71 per cent to end at 4,554.98. The Dow notched

At the closing bell, the S&P/ASX 200 was 0.2 per cent lower at 7,283.80, marking the second consecutive day of losses. While banks saw some gains, the mining and real estate sectors faced selling pressure. Ansell (ASX:ANN), a prominent rubber gloves manufacturer, experienced a significant drop of 14% due to concerns about rising costs impacting

Dr Shane Oliver, Chief Economist at AMP, discusses the impact of interest rates and alternatives for fighting inflation. Stephen Mackinder: We’re joined today by Dr Shane Oliver, who is Head of Investment Strategy and Chief Economist at AMP. Shane has been described as economist extraordinaire, commentator, educator, entertainer, optimist, and Beach Boys fan. Shane has