February 2024

The technology sector saw a notable surge in stock prices following the announcement of a $9.1 billion takeover bid for Altium, propelling the benchmark S&P/ASX 200 Index to a 0.8% increase, with technology shares specifically soaring by 6.8%. Conversely, the resources sector witnessed a decline of 0.7% as BHP Group disclosed a $US200 million loss […]

Albemarle, the world’s largest lithium producer, showcased a mixed performance in the final quarter of 2023, revealing a $2.3 billion slide in earnings over the six-month period ending in December. This substantial loss marked a stark contrast to the profits seen in the same period of 2022, painting a somber picture for the company’s financial

In the face of industry-wide concerns and cutbacks, Wesfarmers (ASX:WES) has demonstrated unwavering confidence in its lithium venture, as evidenced by its recent interim results announcement. Despite cautioning investors that spodumene concentrate sales in 2024 may not bolster earnings due to low prices and high startup costs, the conglomerate remains resolute in its lithium ambitions.

In defiance of prevailing market trends characterized by sluggish retail sales and dwindling profits, Wesfarmers (ASX:WES), propelled by the stellar performance of its Kmart retail group comprising Kmart and Target, has announced a commendable uptick in its interim dividend. The retail conglomerate reported a commendable 3% surge in statutory net profit after tax to a

In a move reflective of the challenges facing the global mining sector, South32 (ASX:S32), a prominent player in the industry, has announced a substantial reduction in its interim dividend. The company has cut its interim dividend by a staggering 92%, with shareholders now set to receive a mere 0.4 of a US cent per share.

The recent uptick in Australia’s unemployment rate to above 4% in January, the first such increase in nearly two years, might seem like cause for concern. Economists, alongside the Reserve Bank and Federal Treasury, have been warning of a softening job market for months. With a mere 500 jobs created last month and 22,300 individuals

BHP (ASX:BHP), the global mining juggernaut, finds itself at a crossroads as it grapples with significant challenges in its Western Australian (WA) nickel operations and contends with the aftermath of the Samarco dam collapse. The company is poised to make substantial adjustments, including potential downsizing, following a staggering multi-billion-dollar impairment loss and an augmented provision

In January, Australian employment saw a modest increase of 500 jobs, while the unemployment rate rose to 4.1 percent from the previous 3.9 percent, contrary to the consensus expectation of 30,000 jobs created and a 4 percent unemployment rate. Despite inflation slowing, the labor market remains robust, posing challenges for the Reserve Bank to achieve

To register for Friday’s webinar click here. Ora Banda Mining Limited (ASX:OBM) has provided an update on the Riverina underground mining operations that remains the centrepiece of the Company’s DRIVE to 100 Project, targeting production of over 100,000 ounces in FY25. Ora Banda Mining Limited’s Managing Director, Luke Creagh, said: “The team at Riverina, both

Warren Buffett’s Berkshire Hathaway has trimmed its renowned investment portfolio to its lowest level in nearly a decade, with only 41 companies remaining after divesting four holdings entirely in the last three months of December. Despite this reduction, the company anticipates substantial unrealized capital gains in its upcoming 2023 results. In this period, Berkshire Hathaway