September 2023

The S&P/ASX 200 is trading 0.62 per cent lower at 7,151.80. Futures The SPI futures are down 46 points. Best and worst performers The best-performing sector is Consumer Staples, up 0.19 per cent. The worst-performing sector is Energy, down 1.92 per cent. The best-performing large cap is Aristocrat Leisure (ASX:ALL), trading 2.95 per cent higher

KMD Brands (ASX:KMD), formerly known as Kathmandu, celebrated a milestone as it exceeded NZ$1 billion in annual revenue for the first time ever. The global chain enjoyed a mostly trouble-free year of trading in its major markets, following a challenging year marred by Covid-19 lockdowns and travel restrictions. The previous fiscal year had seen KMD’s

At 11:30am, the S&P/ASX 200 is 0.35 per cent lower at 7,171.30. Oil prices have stabilised amid a cautious market atmosphere before a Federal Reserve meeting, with West Texas Intermediate for November holding just below $91 per barrel. Traders weighed estimates of further declines in US crude stockpiles, driven by supply constraints from OPEC+ and

Ausbil’s Global SmallCap Portfolio Managers, Tobias Bucks and Simon Wood, discuss how they identify opportunities and the outlook for small companies going forward. Manny Anton: Hi, I’m Manny Anton for the Finance News Network, and today we are talking to Tobias Bucks and Simon Wood, who are the portfolio managers of Ausbil’s Global Small Cap Fund.

QX Resources (ASX:QXR) announced that Bayrock Resources has confirmed highly encouraging nickel-copper mineralisation, some in thick intercepts, in eight drill holes within Bayrock’s Nickel-Copper Project In Northern Sweden. QXR has a 39% holding in Bayrock Resources. In response, QXR Managing Director Steve Promnitz commented: “today’s results confirm excellent mineralisation in a new area of interest,

Stocks retreated on Tuesday as Wall Street awaited the results of this week’s Federal Reserve policy meeting. The Dow Jones Industrial Average lost 106.57 points, or 0.31 per cent, to end at 34,517.73. The S&P 500 slid 0.22 per cent to 4,443.95. The Nasdaq Composite slid 0.23 per cent 13,678.19. Disney slid more than 3

The minutes from the final meeting, presided over by the recently retired Reserve Bank Governor, Philip Lowe, have sounded more warnings about potential interest rate rises. They also expanded on previous statements about the health of the Chinese economy. The minutes indicated that further interest rate increases might be necessary if inflation remains stickier than

This is set to become a regular news item in the coming years—a major car parts manufacturer attributing the closure of a factory, or even multiple factories, to the rising popularity of electric vehicles (EVs), resulting in the loss of hundreds, if not thousands, of jobs. Such is the case with the Italian parts maker