August 2023

Fund Manager Chris Pedersen discusses the Fitch downgrade, China trade and what he looks for in banks. Companies discussed include:Commonwealth Bank of Australia (ASX:CBA)National Australia Bank (ASX:NAB)ANZ Group Holdings (ASX:ANZ)Westpac Banking Corporation (ASX:WBC)

Private equity group TPG has achieved a significant breakthrough, securing the agreement of funerals group InvoCare for a buyout deal, marking the end of a five-month pursuit. Today, InvoCare (ASX:IVC) announced its acceptance of a $1.8 billion acquisition offer from TPG, which will provide $2.70 per share, a departure from the initial pitch of $12.65,

In the realm of predictions, the future remains uncertain, yet that didn’t deter Elon Musk, the CEO of Tesla and SpaceX, from making a rather striking forecast recently. Musk predicted that the demand for electricity in the United States would triple by around 2045, largely due to the widespread adoption of electric vehicles.  This projection

Next Science (ASX:NXS) has released the findings of a pilot study for their advanced surgical irrigation solution, XPERIENCE™, which demonstrated 54 per cent lower inflammation within 14 days compared to the common reference standard. In response, leading surgeon Dr. Andrew B. Wickline commented, “The results of the study are extremely pleasing as it appears we

Oil prices steadied in Asia, having reached their highest level since mid-April due to concerns about the Ukraine-Russia conflict escalation, while awaiting US crude stockpile data. West Texas Intermediate hovered around $83 per barrel following a 1.2% increase on Tuesday, with reports of a possible 4.07 million barrel expansion in inventories, potentially the first gain

In an impressive display of financial prowess, the Commonwealth Bank (ASX:CBA) has revealed a remarkable achievement that is certain to delight its shareholders. The country’s largest bank has announced a record-breaking final dividend of $2.40 per share, following its exceptional cash earnings of $10.16 billion for the financial year ending in June. This extraordinary financial

Shareholders in Suncorp (ASX:SUN) will receive an augmented final dividend of 27 cents per share, following the insurer/banking group’s survival through another challenging 12 months, thanks to the third year of the La Niña heavy rainfall. The Brisbane-based group announced that the final dividend was raised by 10 cents per share from the 17 cents

In a troubling sign of the times, the Australian retail landscape is grappling with an ongoing decline as retail sales continue to tumble, signaling the harsh impact of the prevailing cost-of-living crisis on consumer spending patterns. Recent data released by the ABS has revealed a disheartening 0.5% drop in retail sales during the June quarter,