August 2023

The S&P/ASX 200 index has risen by 0.65%, reaching a level of 7,168. The SPI futures are pointing to a rise of 39 points. The Consumer Staples sector is the best performing sector, showing a 2.42% increase, while the Information Technology sector is the worst performer thus far, declining by 5.41%. When shifting to large […]

Lake Resources (ASX:LKE) reports important progress towards DFS completion in December for flagship Kachi Project in Argentina. The drilling, successful extraction and reinjection testing confirm the large scale and quality of the Brine Project. Lake CEO David Dickson said, “We have drilled deeper for better grades and improved our drilling performance by 40 percent this

Santos (ASX:STO) shareholders have managed to sidestep the ramifications of their company’s lackluster performance in the first half of June. During the six months leading up to June 30, 2022, Australia’s second-largest energy conglomerate witnessed a downturn of 32% in earnings, marking a significant shift from the previous year’s growth. Attributing the decline in net

Global logistics software firm, WiseTech Global (ASX:WTC), has emerged as a unique stock in the market, embodying both tech-style growth and shareholder value, in addition to robust gains on the stock market. WiseTech shares have surged by over 76% in the current year, up until the close of Tuesday’s trading, and the 31% increase in

At noon, the S&P/ASX 200 is 0.69 per cent higher at 7,170.90, primarily driven by positive earnings results from Woolworths (ASX:WOW) and Domino’s Pizza (ASX:DMP). Woolworths, the supermarket chain, saw its shares rise by 4.7% as it reported a 4.6% increase in annual profits, reaching $1.62 billion. Domino’s Pizza followed as the second-strongest performer, with

Macy’s, the largest department store chain in the United States, has posted a second-quarter loss that highlights a discrepancy with the recent positive earnings and profit margin increases reported by other retail giants like Walmart. While Walmart and discount chains such as TJX Cos and Ross Stores celebrated short-term successes, Macy’s loss underscores the prevailing

Mineral sands producer Iluka Ltd has made a significant cut to its interim dividend, offering just 3 cents per share for the six months ending June 30. This stands in stark contrast to the 25 cents per share dividend paid for the same period in 2022. The decision comes in response to a decline in

Buried within the multitude of reports on June 30, a standout result emerged that is poised to be one of the most notable achievements of the 2022-23 financial year. This achievement doesn’t hail from a tech, retail, financial, or mining/resource conglomerate – it originates from an unassuming transport company that has contended with the unpredictability

Domino’s Pizza (ASX:DMP) shareholders are set to experience a 30% reduction in their final dividend as the once high-flying fast-food group faced a significant setback in the fiscal year ending June 30. Despite a modest uptick of 2.2% in sales to $2.37 billion, EBIT plummeted by over 23% to $201.7 million, and after-tax statutory profit

Big shareholders in the lithium and nickel exploration company Azure Minerals (ASX:AZS) swiftly recognised the value of investing $2.40 per share in a $120 million placement, a superior choice compared to accepting 42.31 per share from SQM, the world’s second-largest lithium player. It’s worth noting that SQM holds a 19.9% stake in Azure, and it