February 2024

The country’s second-largest supermarket business, Coles (ASX:COL), has announced a steady interim dividend despite a slight dip in profit for the 27 weeks ending December 31. The company stated it would pay shareholders 36 cents a share for the interim period, with profit from continuing operations decreasing by 3.6% to $594 million. Sales from continuing […]

Investment in electricity transmission infrastructure is an essential prerequisite for facilitating a smooth energy transition. In Australia, the sector faces significant hurdles to enable essential transmission investment in a timely manner. This exacerbates network congestion and impedes the installation of new renewable generation capacity, which undermines progress towards the nation’s overarching net zero objectives. Key

On Monday, CSR formally fell to the French giant Saint-Gobain. On Tuesday, Adbri formally fell to the Ireland-based CRH. Last week, Seven Group Holdings produced a structured mop-up bid for the approximately 30% of Boral it doesn’t own. Suddenly, there are few construction and building material companies left on the ASX (Wagner in Queensland, which

TMK Energy (ASX:TMK) has announced that independent technical experts have concluded excellent technical attributes exist for the Gurvantes XXXV CSG Project in the South Gobi Basin of Mongolia. With the conclusion of the testing program, normal operations have recommenced with gas and water production rates returning to pre-test levels, another positive indicator. Shares are trading

Stocks dipped shortly after the market opened, mirroring the downturn on Wall Street. Declines were led by property and mining sectors, outweighing the gains seen in consumer-related stocks amidst a flurry of corporate earnings reports. At 11:30am, the S&P/ASX 200 is 0.3 per cent lower at 7,630.20. The SPI futures are pointing to a fall

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

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

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

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

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