February 2024

On Monday, the Australian sharemarket experienced a slight increase, with the S&P/ASX 200 rising by 0.12% to reach 7,652.80 at the close of trading. This uptick was primarily driven by gains in Consumer Discretionary stocks, which surged by 1.1%, led by notable increases in Wesfarmers, Lovisa, and Tabcorp. Despite losses in the energy sector, the […]

Underperforming Alcoa aims to close one of its WA alumina refineries and purchase the 40% it doesn’t own in its global network held by the listed company Alumina (ASX:AWC). Alcoa is proposing a share exchange, despite its shares losing over 20% in value in the first 8 weeks of this year, trailing the S&P 500,

Kogan.com (ASX:KGN), a leading online retailer, announced on Monday its return to dividend payments, marking a significant milestone after a three-year hiatus. The decision follows a resurgence in profitability for the company during the six months leading up to December. The online giant had last distributed dividends in early 2021, amounting to 16 cents per

As expected, the slump in rare earth prices and lower production and sales took a toll on Lynas (ASX:LYC) in the six months to December, significantly impacting the profit of the world’s biggest producer of these essential minerals outside China. Earnings for the half fell to $39 million from $151 million a year earlier, with

Like its rivals QBE and IAG, Suncorp, the owner of a slew of insurance brands led by AAMI, saw its December half-year results bolstered by a sharp rise in premiums and strong investment earnings. Monday morning saw Brisbane-based Suncorp report a 5.4% lift in group profit after tax to $582 million for the first half

Tamboran Resources (ASX:TBN) has announced that Shenandoah South 1H delivers IP30 flow rates of 6.4 MMcf/d (1,000 metres normalised). The results represent the highest normalised rates achieved in the Beetaloo Basin to date. Shares are trading 2.22 per cent lower at 22 cents. Oar Resources (ASX:OAR) has announced that preliminary test work using bespoke commercialised

Australian stocks are experiencing an upswing this Monday, buoyed by the same positive sentiment that propelled Wall Street to a new record last Friday, leveraging the momentum from Nvidia’s historic rally. At 11:30am, the S&P/ASX 200 is 0.34 per cent higher at 7,669.40. The SPI futures are pointing to a rise of 35 points. Best

For another year, Walmart, the world’s biggest bricks-and-mortar retailer (though with growing online operations), has again bested Amazon in the vital US retailing sector. Walmart not only revealed record revenue, earnings, and online sales (over US$100 billion globally in 2023), which justified its decision to split its shares into three from next week (Monday, February

So far this reporting season, major miners have revealed more than $US13 billion (nearly $A20 billion) in write-downs and impairments as global markets across 2023, and weak demand send prices and profits lower and upset projections for the rest of this year and 2025. It’s no secret that nickel is the most troubled business, iron

Brazilian miner Vale surprised investors with a fourth-quarter profit much weaker than expected, reporting a $US2.42 billion net profit, down from the $US3.72 billion reported in the final quarter of 2022—the second-biggest iron ore exporter globally after Rio Tinto. Analysts had anticipated $US4.15 billion, making the report a bit of a shock. However, the reason