In a surprising turn of events, the Australian federal government’s Environment Protection (Sea Dumping) Amendment (Using New Technologies to Fight Climate Change) Bill has successfully passed the Senate with the support of the Coalition. While the bill’s title might not immediately suggest a connection to fossil fuels, it has ignited controversy due to its perceived […]
Federal Senate approves bill for carbon capture project Read More »
Crop protection group Nufarm (ASX:NUF) shareholders will receive a lower final dividend, while the full-year dividend remains unchanged, following the company’s ‘steady as she goes’ annual results announcement on Wednesday. The company anticipates a similar performance in the first half, potentially resulting in a reduced outcome for shareholders. However, CEO Greg Hunt is optimistic about
Nufarm shareholders receive lower final dividend amid steady annual results Read More »
Shareholders in the fertilisers and explosives group Incitec Pivot (ASX:IPL) will receive a capital return of approximately $1 billion, in addition to the paused $400 million buyback, once the sale of the company’s vast US ammonia production plant is finalised shortly. This capital return bonanza will significantly alleviate the financial strain for shareholders, following a
Incitec Pivot shareholders to receive $1 billion capital return Read More »
Aristocrat Leisure (ASX:ALL) reported an impressive 24% surge in net profit to over $1.2 billion in the 12 months ending in September, resulting in a 23% increase in dividends for shareholders. The company announced on Tuesday that shareholders will receive a final dividend of 34 cents per share, up from 26 cents the previous year,
Aristocrat Leisure: 23% dividend increase as net profit soars to $1.2 billion Read More »
Perth-headquartered rock phosphate producer CI Resources has a unique claim to fame: it’s the only ASX-listed entity to operate on Christmas Island, the remote Australian territory in the Indian Ocean that is much closer to Jakarta than Canberra. For more than three decades, the Christmas Island Phosphate (CIP) mine has generated a continuous flow of
15 Nov 2023 – Stocks rallied on Tuesday, building on their strong November gains, as Wall Street cheered new U.S. inflation data that raised hope of the Federal Reserve wrapping up its rate-hiking campaign.
Lower than expected inflation number drives markets higher Read More »
Glencore has finally acquired the coal assets of Teck Resources, comprising high metallurgical coal mines in western Canada. The company intends to create a separate entity by merging these businesses. As the world’s largest thermal coal miner and exporter, Glencore had pursued Teck for months, considering various options, including a full bid and spin-off or
Glencore acquires Teck’s coal assets for $8.9 billion Read More »
Stocks rallied on Tuesday, building on their strong November gains, as Wall Street cheered new U.S. inflation data that raised hope of the Federal Reserve wrapping up its rate-hiking campaign. CPI was flat last month, while economists polled by Dow Jones expected a gain of 0.1% month over month. So-called core CPI, which stripped out
Lower than expected inflation number drives markets higher Read More »
Wall Street’s view has shifted to no more rate rises and a potential rate cut sooner than expected. This change comes after a sharp decline in oil and petrol prices, causing US inflation to resume its downward trend in October, marking the first decrease in three months. In October, US consumer prices increased by 3.2%
Wall Street anticipates rate cut amidst falling oil and gas prices Read More »
In the midst of economic uncertainty and a sluggish growth landscape, corporate leaders and fund managers in Australia are beginning to reevaluate their strategies. The recent UBS Australasia Conference shed light on a dilemma plaguing the financial industry, succinctly summed up by a casual remark made in the lunch line: “The defensive stocks are expensive,
M&A making its way back into corporate agendas Read More »
