August 24, 2023

IVE Group Limited (ASX:IGL) Executive Chairman Geoff Selig, CEO Matt Aitken and CEO Darren Dunkley discuss the present on the group’s FY23 financial results. Topics covered include: — Financialsunderlying profit and lossbalance sheetcapital expenditurecash flow and dividendsBusiness updatesOvatoLasooStrategic initiativesExpansion of Content Creation offeringApparel and uniformsPackaging updateSustainability Outlook and guidance

Stocks fell sharply Thursday after a tech rally, sparked by stronger-than-expected Nvidia results, was short-lived. Traders also braced for a key speech from Federal Reserve Chairman Jerome Powell. The Dow Jones Industrial Average closed 373.56 points lower, or 1.08 per cent, at 34,099.42. The S&P 500 lost 1.35 per cent to end the day at

In the world of retail, divergent outcomes are evident between The Reject Shop (ASX:TRS) and Lovisa, showcasing distinctive retail strategies. On one end, The Reject Shop, renowned for its discount variety offerings, has sprung a surprise by reinstating dividends and planning a $10 million share buyback, buoyed by improved sales and profit figures. After a

Nine Entertainment (ASX:NEC) has become the latest addition to the growing list of companies reducing their dividends during this June 30 reporting season. This move follows a decrease in full-year revenue and earnings due to challenges faced by the TV, radio, and newspaper advertising markets in the latter half of the year. The final dividend

Premier mining, resources and technology conference organising company, Vertical Events, is hosting a New World Metals Investment Series in Perth, Melbourne and Sydney. The events will highlight some of the leading Australian companies who are aiming to take advantage of the shift toward renewable energy, and who are making an effort to sustain the environment

On Thursday, the ASX the S&P/ASX 200 closed 0.47 per cent higher at 7,182.10. The market experienced a significant surge due to a powerful rally in the information technology sector. This rally was driven by impressive performance results from Nvidia, a major player on the US Nasdaq index. Futures The Dow Jones futures are pointing

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses China’s slowdown and the implications for Australia Key PointsChina’s economy is slowing not helped by a property collapse and longer-term structural constraints around poor demographics and threats to productivity growth.China needs to save less and spend more, and this requires significant fiscal

The S&P/ASX 200 is trading 0.54 per cent higher at 7,187.00. Futures The SPI futures are up 43 points. Best and worst performers The best-performing sector is Information Technology, up 4.6 per cent. The worst-performing sector is Consumer Staples, down 1.16 per cent. The best-performing large cap is WiseTech Global (ASX:WTC), trading 9.04 per cent

A surge of financial success for Northern Star Resources (ASX:NST) has translated into record earnings and enhanced dividends for shareholders in the fiscal year ending on June 30. As the largest Australian-owned gold miner post the Newmont acquisition of Newcrest, the company recorded a 9% revenue increase, reaching $4.131 billion. While Underlying EBITDA of $1.537

In the face of declining global coal prices, particularly thermal coal, the fiscal year 2022-23 stands as Whitehaven Coal’s (ASX:WHC) pinnacle, as the company reported unprecedented earnings in its recent Thursday announcement. Whitehaven Coal confirmed a record net profit after tax of $2.7 billion for the period ending on June 30, marking a notable 37%