In the six months to December, Kerry Stokes’s 30%-controlled oil and gas producer, Beach Energy (ASX:BPT), faced a substantial setback, taking a $721 million write-down in the value of its Cooper Basin assets. The impairment, totaling $505 million after tax, led to a reported net loss of $345.1 million. Directors attributed the $721.1 million of […]
Beach Energy records $721m write-down Read More »
Global semiconductor developer BluGlass (ASX:BLG) has received $4.3 million in commitments from institutional and sophisticated investors via a strongly supported share placement at an issue price of $0.037 per share. BluGlass is also undertaking a Share Purchase Plan Offer to enable eligible shareholders in Australia and New Zealand to acquire up to $100,000 worth of
Stocks of the Hour: BluGlass, Vection Technologies, Lake Resources Read More »
Despite a record rally in US markets on Friday, the sharemarket experienced a decline, with the S&P/ASX 200 slipping by 0.27 per cent at 7,623.90 at 11:30am. This decline is primarily attributed to healthcare giant CSL, dropping 5.2 per cent due to abandoning plans for a drug seeking regulatory approval following weak trial results. However,
ASX down 0.3%: CSL shares fall Read More »
As of Friday’s market close, the momentum of the US December quarter earnings rebound persists, with over two-thirds of S&P 500 companies having already reported, exceeding initial expectations. The earnings landscape has proven to be more resilient than anticipated, showcasing a positive trend for investors. A substantial 335 companies within the S&P 500 index have
US quarterly earnings rebound strengthens for S&P 500 companies Read More »
The absence of La Nina-driven rain and flooding events in the coal fields and ports of central Queensland and the NSW Hunter Valley helped rail freight giant Aurizon boost its interim dividend by 39% to 9.7 cents a share for the December 31 half-year. The absence of any significant disruption – unlike the two previous
Aurizon boosts interim dividend amid favourable weather conditions Read More »
The froth continues to vanish for former boom stock, NZ-based Synlait Milk (ASX:SM1), judging by a surprise slashing of guidance issued Monday morning. In doing so, it confirmed why its shares are down 75% in the past year, with the news that it now expects a loss instead of a small profit for the six
Synlait Milk’s profit projections plummet Read More »
Stocks rose on Friday after December’s revised inflation reading came in lower than first reported, and the S&P 500 closed above the key 5,000 level as strong earnings and economic news chugged on. The S&P 500 rose 0.57 per cent to end at 5,026.61, while the Nasdaq Composite rallied 1.25 per cent to close at
US stocks rise after December’s revised inflation reading Read More »
CAR Group (ASX:CAR) has lifted its interim dividend by 21% to a 50% franked 34.5 cents a share after reporting a solid outcome of its expansion into the US and Brazil car sales markets. The company revealed in its interim report that it enjoyed double-digit revenue and earnings growth in all key markets. CAR Group
CAR Group boosts interim dividend by 21% Read More »
Initially breaching the elusive 5,000 mark in April 2021 during the throes of the pandemic, the index continued its upward trajectory despite challenges such as the conflict in Ukraine, escalating tensions in the Middle East, and surging energy prices. Throughout this period, the Federal Reserve transitioned from its accommodative monetary policy stance, with interest rates
S&P 500 surpasses 5,000 mark despite economic headwinds Read More »
In a historic turn of events, Microsoft has officially dethroned Apple to claim the title of the most valuable company ever. Founded decades ago by Bill Gates and others, and listed in 1986, Microsoft’s journey reached a pinnacle last week with a staggering market capitalization of $US3.125 trillion, marking the highest value ever recorded for
Microsoft surpasses Apple to become the most valuable company ever Read More »
