February 2024

The red ink continues in the property trust sector, with Charter Hall Group (ASX:CHC) joining in with a very weak, loss-studded financial report for the December half-year on Wednesday. The company revealed a $416 million turnaround and plunge into losses. The Group reported a statutory loss after tax attributable to stapled securityholders for the December […]

Woolworths (ASX:WOW) CEO, Brad Banducci, is departing just days after a blow-up in an interview with ABC TV program Four Corners, which examined grocery pricing. However, his departure is more likely a result of the massive write-downs the retailer revealed for the first half of 2023-24. The write-downs, announced on January 29, were not a

Healthcare products distributor and retailer, EBOS (ASX:EBO), has raised its dividend by 7.5% following a solid increase in sales and earnings across Australia and New Zealand for the six months ending December. The interim payout has been set at 57 NZ cents per share, reflecting a 7.1% revenue increase to $6.6 billion and a 7.6%

The Australian sharemarket declined as Woolworths’ announcement of declining sales volume led to a 0.7% drop in the S&P/ASX 200 index, with consumer staples suffering the most. The market also mirrored losses on Wall Street, with Nvidia’s shares affecting sentiments, while various stocks, including WiseTech and Scentre, experienced notable movements due to their respective financial

To register for Friday’s webinar click here. Bastion Minerals (ASX:BMO) provided an update on the transaction for the divestment of its Cometa Copper Project in Chile to ASX listed Hot Chili (ASX:HCH) for up to US$3.3 million. Divestment of the Project will enable Bastion to realise near term value for shareholders and focus on its

Shares in WiseTech Global (ASX:WTC), one of the ASX’s premier tech stocks, are back on track to reach last August’s all-time highs after a better-than-expected interim result on Wednesday and higher guidance for the year to June. WiseTech is a global smoother of logistics, especially customer paperwork, and has managed to convince a lot of

In the fourth quarter, Australia’s Wage Price Index increased by 0.9 percent, aligning with analysts’ consensus expectations. This growth, rising from 1.3 percent in the previous quarter, highlights a key factor influencing inflation and monetary policy decisions by the Reserve Bank of Australia, particularly as it forecasts further increases in wage growth. At 11:30am, the

Lithium Universe (ASX:LU7) has made a significant move in its quest to address the lithium conversion capacity gap in the North American market. The company announced today that it has successfully executed an option agreement to acquire a strategic commercial property within the Bécancour Waterfront Industrial Park (BWIP) in Quebec, Canada. The acquired site, known

The National Australia Bank (ASX:NAB) is bracing for a less profitable departure for its CEO, Ross McEwan, as the bank experiences an unexpected 17% decline in cash earnings during the three months leading up to December. This decline hints at a forthcoming report of lower earnings for the half-year ending on March 31, just two

Lithium Universe Limited (ASX:LU7) CEO Alex Hanly discusses progress towards construction of a lithium refinery. Paul Sanger: I’m Paul Sanger for the Finance News Network, and today I’m talking with Lithium Universe (ASX:LU7), and they have a market cap around 10 million. Lithium Universe is in the process of constructing a project in Quebec to address