QX Resources Limited (ASX:QXR) Managing Director Steve Promnitz discusses iron ore results from the company’s assets in the Pilbara. Paul Sanger: I’m Paul Sanger for the Finance News Network, and today I am talking with QX Resources (ASX:QXR). QX Resources is focused on exploration and development of battery minerals, with hard rock lithium assets in […]
An iron ore surprise Read More »
IVE Group Limited (ASX:IGL) Executive Chairman Geoff Selig, CEO Matt Aitken and CEO Darren Dunkley present on the group’s FY24 H1 interim results. Topics covered include:Key highlightsFinancial performance dashboardFinancialsProfit and lossBalance sheetCapital expenditureCash flow and interim dividendGrowth initiativesLasooCornerstone acquisition of JacPakPackaging – organic expansionFY24 outlook and guidance
IVE Group (ASX:IGL) FY24 H1 interim results presentation Read More »
Moody’s surprise withdrawal of credit ratings for 11 Chinese property and investment firms sent local and Hong Kong stock markets tumbling on Monday. Investors are now speculating about a looming financial crunch. The most unexpected rating removal was for China Great Wall Asset Management, a major state-owned bad-debt manager established in 1999 to handle Agricultural
Moody’s shock withdrawal rattles Chinese property market Read More »
CSR (ASX:CSR) is disappearing with its French suitor, Saint-Gobain, striking a formal deal to make a bid at $9 a share. CSR had its shares suspended on Monday to allow for an important announcement which came at 5:49 pm with the news of the formal offer. Saint-Gobain said on Monday it had agreed to buy
Saint-Gobain strikes formal deal to acquire CSR at $9 a share Read More »
The S&P 500 slipped on Monday as the broad market index retreated from its record notched last Friday and investors awaited key inflation data. The S&P 500 fell 0.38 per cent to 5,069.53. The Nasdaq Composite declined 0.13 per cent to close at 15,976.25. The Dow Jones Industrial Average slipped 62.30 points, or 0.16 per
S&P 500 falls as investors await key inflation data Read More »
On Monday, the Australian sharemarket experienced a slight increase, with the S&P/ASX 200 rising by 0.12% to reach 7,652.80 at the close of trading. This uptick was primarily driven by gains in Consumer Discretionary stocks, which surged by 1.1%, led by notable increases in Wesfarmers, Lovisa, and Tabcorp. Despite losses in the energy sector, the
ASX closes 0.12% higher: Consumer Discretionary outperforms Read More »
Underperforming Alcoa aims to close one of its WA alumina refineries and purchase the 40% it doesn’t own in its global network held by the listed company Alumina (ASX:AWC). Alcoa is proposing a share exchange, despite its shares losing over 20% in value in the first 8 weeks of this year, trailing the S&P 500,
Alcoa seeks to acquire remaining stake in Alumina Read More »
Kogan.com (ASX:KGN), a leading online retailer, announced on Monday its return to dividend payments, marking a significant milestone after a three-year hiatus. The decision follows a resurgence in profitability for the company during the six months leading up to December. The online giant had last distributed dividends in early 2021, amounting to 16 cents per
Kogan.com resumes dividend payments after three years Read More »
As expected, the slump in rare earth prices and lower production and sales took a toll on Lynas (ASX:LYC) in the six months to December, significantly impacting the profit of the world’s biggest producer of these essential minerals outside China. Earnings for the half fell to $39 million from $151 million a year earlier, with
Rare earth price drop: Lynas faces profit slump Read More »
Like its rivals QBE and IAG, Suncorp, the owner of a slew of insurance brands led by AAMI, saw its December half-year results bolstered by a sharp rise in premiums and strong investment earnings. Monday morning saw Brisbane-based Suncorp report a 5.4% lift in group profit after tax to $582 million for the first half
Suncorp’s investment earnings soar Read More »
