February 2024

GPT Group (ASX:GPT) has found itself grappling with the ramifications of the downturn in commercial real estate. While this downturn has dealt a significant blow to the industry at large, GPT has managed to soften its losses to some extent, thanks to its substantial exposure in the retail sector. In contrast to some of its […]

Impact Minerals (ASX:IPT) has announced that High Purity Alumina has been produced from their Lake Hope Project, in WA, via the proprietary and patented Playa One Sulphate Process. The Sulphate Process underpins the recent Scoping Study, which demonstrated an NPV8 of $1.3 billion for the project. Shares are trading 30 per cent higher at 1.3

The S&P 500 index experienced a 0.5% decline on Friday following the release of a US producer price index report indicating a rise in prices, particularly attributed to increased service costs, retracting from its previous record high. At 11:30am, the S&P/ASX 200 is 0.18 per cent higher at 7,672.10. The SPI futures are pointing to

Kerry Stokes’ Seven Group (ASX:SVW) is bidding to acquire the 28.4% minority stake in Boral (ASX:BLD) with an offer that, despite its $6.05 per share price, holds a mere 20 cents premium to Friday’s closing sale of $5.85. With Seven Group already owning 71.6% of Boral, the cash and share bid, which the company deems

As expected, steelmaker BlueScope Steel (ASX:BSL) experienced a 27% decline in first-half profit due to volatile market conditions, sluggish economic growth, and high inflation and interest rates. Directors anticipate another period of lower earnings in the current June half, albeit possibly not as significant as the previous December half. Despite this outlook, BlueScope maintained an

Earlier this month, hearing implant giant Cochlear (ASX:COH) surprised investors with a significant upgrade to revenue growth and earnings for the six months to December, along with higher guidance for the year to June 30. Today, it has followed up with the actual figures for the six months to December, along with a higher dividend.

Westpac Banking Corp (ASX:WBC) has attributed a slight decrease in its unaudited first-quarter net profit to accounting rules governing financial hedges. The country’s second-largest bank stated that while these hedges will reverse over time, their adjustment impacted the first-quarter figures, resulting in a lower performance compared to the preceding six-month quarterly average. The bank reported

Last week, the global plumbing supplies and services group RWC (ASX:RWC) revealed its $160 million purchase of the Australian company Holman Services, which operates in adjacent sectors. On Monday, RWC reported lower revenue and earnings for the December half-year and maintained guidance for similar performance over the year to June. However, it announced a significant

Kiwi dairy group A2 Milk (ASX:A2M) announced on Monday that its first-half profit surged by a solid 15.6%, driven by increased demand in China, other Asian markets, and the US. The company has revised its full-year revenue growth forecast slightly upward, attributing it to sustained growth in China, which now constitutes about 80% of its

Ahead of the key quarterly report from Nvidia later this week, US markets turned cautious on Friday, ending a month of rises. While US shares initially reached new record highs, they fell 0.4% for the week for the S&P 500, while the Dow and the Nasdaq also dipped, concluding the nice little start-of-year run of