Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the RBA. Key points:Annual retail sales growth slowest since 2021 lockdowns, retail volumes continue to decline, challenging consumption outlook.Job vacancies fell 9% over the last quarter, pointing to further slowing in the labour marketBoth data points will likely help keep the RBA […]
De Grey Mining (ASX:DEG) is moving closer to its planned $1 billion-plus gold mine at the Mallina-Hemi gold discovery in Western Australia’s Pilbara. The company suspended its shares on Thursday to initiate a $300 million equity fundraising in two tranches. The size of the fundraising effort is significant compared to the company’s modest market value
De Grey Mining – towards a $1 billion gold mine in WA Read More »
Soft retail sales figures for August, along with a further decline in job vacancies in the three months leading up to the end of August, mean that the Reserve Bank will not raise interest rates at its October meeting. This is despite the enthusiastic claims made by some economists and business writers following the recent
Retail sales, job vacancies and interest rates Read More »
Solomon Lew’s Premier Investments has maintained its dividends for the 2022-23 financial year at the high level established a year ago, despite reporting slowing growth in revenue and earnings from its key retail businesses. The company announced on Thursday that the 2023-24 financial year had started weakly, with sales down in the first month and
Premier Investments maintains high dividends despite slowing growth Read More »
Shares in Brickworks (ASX:BKW) fell yesterday after the company revealed a decline in earnings for the year ending July 31. The shares were down approximately 9% during mid-session trading. Total revenue for the 2022-23 fiscal year increased by 8% to $1.181 billion, driven by significant price increases in building products in the Australian and US
Brickworks shares slide as company reports decline in earnings Read More »
Shares in Washington H. Soul Pattinson (ASX:SOL, SoulPatts or WSHP) fell nearly 6% yesterday as investors hesitated over its full-year figures and those from its partially owned associate, Brickworks. Despite a fall in net profit for the year, the company increased final and full-year dividends (as did Brickworks despite weaker results from it as well).
SoulPatts shares drop 6% as investors weigh full-year figures Read More »
Oil prices surged towards $100 per barrel as US storage hub stockpiles hit critical lows, with West Texas Intermediate trading near $94 per barrel after a 3.6% jump, driven by Cushing, Oklahoma inventories falling to their lowest levels since July the previous year. At noon, the S&P/ASX 200 is 0.32 per cent higher at 7,052.70.
ASX up 0.32% at noon as oil prices surge Read More »
28 Sep 2023 – A snapshot of the stocks on the move, featuring Lake Resources, Latin Resources, Noble Helium and Lithium Universe.
Stocks of the Hour: Lake Resources, Latin Resources, Noble Helium, Lithium Universe Read More »
Lake Resources: Proven advances in DLE technology Clean lithium developer Lake Resources (ASX: LKE; OTC: LLKKF) confirms that Lilac Technologies’ direct extraction technology has been proven successful through extensive field testing at the flagship Kachi project in Argentina. In response, Lake CEO David Dickson said, “this is a key milestone for DFS preparation for Phase
Stocks of the Hour: Lake Resources, Latin Resources, Noble Helium, Lithium Universe Read More »
A critical US oil town, Cushing, Oklahoma, is grappling with a dire oil shortage that is sending shockwaves through energy markets, pushing US oil prices above $94 per barrel for the first time since August 2022 and raising the specter of breaching the $100 mark in the near future. The crisis hinges on a complex
Cushing faces oil shortage crisis Read More »
