13 Jul 2023 – A snapshot of the stocks on the move, featuring Alliance Aviation (ASX:AQZ), Vulcan Energy Resources (ASX:VUL) and Cirrus Networks Holdings (ASX:CNW).
Stocks of the Hour: Alliance Aviation, Vulcan Energy Resources, Cirrus Networks Read More »
Alliance Aviation (ASX:AQZ) has upgraded profit guidance due to increased flying activity. Estimated full-year profit before tax is now expected to be $56.9m, surpassing previous guidance. The company also confirmed it has renewed its contract with Incitec Pivot for a further 5 years and has acquired 4 additional Embraer E190 airframes to address capacity shortfall
Stocks of the Hour: Alliance Aviation, Vulcan Energy Resources, Cirrus Networks Read More »
The European Commission has officially granted its approval for Broadcom’s ambitious US$61 billion acquisition of virtualisation software giant VMware, albeit with certain stipulations regarding access and interoperability. When the colossal deal was first announced in May of last year, it was anticipated that regulatory scrutiny would be inevitable. In December, Europe unveiled plans for an
European Commission approves Broadcom’s US$61 billion bid for VMware with conditions Read More »
St Barbara (ASX:SBM) looks like a very attractive cash pile that could be snapped up by any one of a handful of predators in the WA resources sector in the wake of the reshuffle of its Leonora gold mining assets with Genesis Minerals. A combination of the cash and debt repayment from the Genesis deal,
Golden showdown: St Barbara’s cash pile attracts predators in the resources sector Read More »
The International Energy Agency (IEA) has released a report shedding light on the availability of critical minerals needed to support the global energy transition. Here are the key takeaways: Promising Project Pipeline: The IEA’s report presents a more optimistic outlook on the potential supply of critical minerals. If all planned mining and processing projects come
The critical minerals race Read More »
13 Jul 2023 – Stocks rose overnight after new data raised hope that the Federal Reserve can bring down inflation without pushing the US economy into a recession.
US stocks rise after CPI data comes in cooler than expected Read More »
Stocks rose overnight after new data raised hope that the Federal Reserve can bring down inflation without pushing the US economy into a recession. The consumer price index rose 3 per cent on a year-over-year in June. Economists polled by Dow Jones expected a 3.1 per cent increase. Month over month, the index rose 0.2
US stocks rise after CPI data comes in cooler than expected Read More »
Sports and outdoor goods retailer KMD Brands (ASX:KMD), known for its popular brands Kathmandu and Rip Curl, has issued a warning about a slowdown in consumer spending, aligning with similar concerns expressed by other ASX retailers. The company cited households grappling with inflationary pressures and an unusually warm start to winter as factors contributing to
KMD Brands warns of consumer spending slowdown Read More »
At the closing bell, the S&P/ASX 200 was 0.38 per cent higher at 7,135.70. Energy stocks, including Woodside Energy (ASX:WPL) which rallied 2.7%, Santos (ASX:STO) rose 1.2%, Whitehaven Coal (ASX:WHC) jumped 1.1%, and Karoon Energy (ASX:KAR) added 2.5%, delivered strong results oil prices advanced. Iron ore futures traded higher on the Singapore exchange, with a
ASX closes 0.38% higher: Energy stocks outperform as oil prices lift Read More »
12 Jul 2023 – The Reserve Bank of New Zealand has maintained interest rates at 5.5 per cent for the second consecutive meeting, citing the need to control inflation and support employment, amid weakening global economic growth and declining inflation pressures.
Afternoon Update: RBA says further tightening is possible Read More »
