MPower Group (ASX:MPR) announced that the acquisition accounting for the purchase of the Lakeland Solar & Storage Project has been completed, resulting in a profit of $6.1 million being recognised. In response, CEO Nathan Wise, commented: “An uplift of this magnitude is a testament to the value that MPower can create in a short period […]
Stocks of the Hour: MPower Group, True North Copper, Latin Resources Read More »
Amid a surge in catastrophe costs during the first half of 2023, insurance titan QBE (ASX:QBE) demonstrated resilience, driven by robust investment returns and a substantial rise in premium income. This strength allowed the company to provide shareholders with a significantly higher interim dividend. QBE’s impressive investment returns, coupled with a sharp increase in premium
QBE’s resilient performance: Higher dividend amid catastrophe costs surge Read More »
AGL Energy (ASX:AGL), a prominent player in the energy sector, faced a significant financial setback in the fiscal year ending on June 30, largely attributed to the anticipated write-downs on its coal power generating assets. The company disclosed a substantial statutory loss of $1.264 billion in its annual results announced on Thursday. However, the energy
AGL Energy reports losses due to write-downs, expects strong recovery Read More »
In a significant return to profitability for the year ending on June 30, building products conglomerate Boral (ASX:BLD) has decided to withhold dividends, a move that holds no major concern as the entity is now under the control of Kerry Stokes’ Seven Group Holdings. With nearly 70% ownership by Seven Group Holdings, the absence of
Boral reports solid profitability, withholds dividend under Seven Group Holdings Read More »
Being an investor in listed global real estate has been tough of late. With expectations of a global recession caused by unprecedented interest rate increases, sentiment towards listed global real estate has soured. But what if there are other nuances at play, and the market is creating long-term opportunities for savvy investors? High rates impacting
Thinking about the cycle Read More »
10 Aug 2023 – Stocks fell Wednesday as Wall Street awaited fresh inflation data coming later in the week.
Disney & Wynn Resorts report after the bell Read More »
Stocks fell Wednesday as Wall Street awaited fresh inflation data coming later in the week. The Dow Jones Industrial Average lost 191.13 points, or 0.54 per cent, to finish at 35,123.36. The S&P 500 shed 0.7 per cent to 4,467.71. The Nasdaq Composite slipped 1.17 per cent to 13,722.02 Penn Entertainment jumped 9.1 per cent
Disney & Wynn Resorts report after the bell Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the possibility of a recession. Key pointsRapid monetary tightening points to a high risk of recession and, given lags in the way it impacts the economy, just because it hasn’t happened yet does not mean it won’t.However, a combination of falling inflation,
Recession versus “goldilocks” – five reasons why we could still avoid recession Read More »
Despite a session marked by mixed performance, the Australian stock market managed to close higher. This was largely attributed to the significant contributions from the nation’s major banks. The S&P/ASX 200 index concluded the day with a 0.37% increase, rising by 25.4 points to reach 7336.5. Similarly, the All Ordinaries index also experienced a comparable
ASX closes 0.37% higher after big banks report strong earnings Read More »
The world’s second biggest economy slid deeper into deflation last month, with no immediate sign of how it can escape this price vice without a massive spending campaign. Consumer prices contracted for the first time in more than two years (since the pandemic), as the government of President for Life, Xi Jinping, struggles to revive
China faces deflation Read More »
