Macquarie Group (ASX:MQG), renowned for its ‘annuity’ style businesses in asset management, finds itself grappling with a significant decline in profit for the fiscal year ending March 31. Despite its bold assertions, the financial juggernaut’s latest update paints a sobering picture, with profit figures trailing considerably behind the previous year’s performance. In its customary third-quarter […]
Macquarie Group faces profit decline Read More »
The recent lackluster performance of JB Hi-Fi, marked by weak profits and dividend cuts, has drawn attention to the resilience and success of smaller players in the retail sector. Two notable standouts, Temple & Webster and Breville, have defied expectations with solid financial reports despite challenging economic conditions. Breville’s Resilience in the Face of Macro
Strong performance from underdogs Temple & Webster and Breville Read More »
In a recent report by the National Australia Bank (ASX:NAB), a noticeable shift in business conditions signals a softer beginning to 2024 for many sectors. The latest monthly business survey reveals a dip in conditions, marking a departure from two years of above-average performance and raising concerns about the economic landscape moving forward. According to
NAB’s monthly business survey highlights concerns Read More »
Dateline Resources (ASX:DTR) has announced it has received assay results for diamond drillhole, CM23-14, drilled at the Colosseum Gold Project in California, USA. The consistency of assay results for the drill hole suggests stability in the geologic structure. Shares are trading 54.55 per cent higher at 1.7 cents. Blue Energy (ASX:BLU) and AGL (ASX:AGL) have
Stocks of the Hour: Dateline Resources, Blue Energy, Ansarada Group Read More »
The Westpac Melbourne Institute Consumer Sentiment Index increased by 6.2% to reach 86 in February, marking its highest level since June 2022, signaling a shift towards optimism among Australian consumers amidst moderating inflation, evolving interest rate expectations, and anticipated income tax reductions later in the year, as indicated by Matthew Hassan, a senior economist at
ASX down 0.06%: Westpac Melbourne Institute Consumer Sentiment Index increased by 6.2% Read More »
Glencore has announced intentions to sell its 49% stake in the Koniambo Nickel SAS (KNS) venture, a venture wrought with losses due to plummeting nickel prices exacerbated by the unchecked nickel production in Indonesia. Glencore, the Swiss miner and commodity trader, divulged plans on Monday to divest from the struggling KNS operation in New Caledonia,
Glencore to divest stake in nickel operation Read More »
