LA Private

August 3, 2023

ASX closes 0.58% lower following Wall Street’s overnight sell-off

Following Wall Street’s overnight sell-off, the S&P/ASX 200 closed 0.58 per cent lower at 7,311.80. Iron ore prices are declining, heading towards $US100 per tonne. The drop is influenced by sluggish demand from China and the country’s plan to end night-time trading of metal futures to reduce market fluctuations. Currently, Singapore iron ore futures for

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Downer EDI’s turnaround

Downer EDI’s (ASX:DOW) relatively new management team asserts that it has successfully addressed all the issues, met the revised guidance for the financial year ending in June, and is committed to delivering on its promises regarding cost reductions and margin rebuilding over the next year. In a statement to the ASX on Thursday, Downer EDI

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Link’s UK misadventure

Link Administration Holdings (ASX:LNK) is set to report a massive loss for the year ending June 30, primarily due to a dud deal in the UK. Link joins a long list of Australian companies to lose heavily in UK expansion moves – they include, AMP, National Australia Bank, Wesfarmers (hardware), Insurance Group Australia, and the

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Do’s and Don’ts in real estate

Recently, Sequoia Financial Group Investment Manager Winston Sammut spoke to us about property opportunities and pitfalls in the current economic climate. On the back of this, this article looks to expand on these points in depth, whilst highlighting the companies that fall within these sub sectors of the A-REIT market. Currently, there are a lot

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BWP Trust reports asset write-downs

In what could be a significant trend for REITs this reporting season, BWP Trust (ASX:BWP), the landlord of 65 Bunnings warehouses, has disclosed asset write-downs across its substantial $3 billion large-format retail portfolio. As the first A-REIT to release its full-year 2023 results, BWP Trust unveiled a 2.2% or $64.6 million net fall in property

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Afternoon update: ASX trading 0.5% lower, Consumer Staples outperforming

The ASX is currently trading 0.5 per cent lower at 7,317.80, and the SPI futures are witnessing a decline of 39 points. Regarding sector performance, Consumer Staples stand out as the best-performing sector, showing a gain of 0.49 per cent, while Information Technology is currently the worst performer, down 1.46 per cent. Moving on to

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