Kogan.com (ASX:KGN) shares slumped 26% on Wednesday after it revealed a surprise 6% decline in gross sales to $178.3 million and a 2% drop in revenue to $105.9 million for the March quarter. Kogan had a rational explanation for the weakness—it was a result of a deliberate move to shift the business to a more […]
Kogan shares slide despite profit growth Read More »
No rate rise is expected from the Reserve Bank for most of this year after inflation picked up in the three months to March 31, thanks to another surge in housing costs and the usual start-of-year jump in education-related charges. The Consumer Price Index (CPI) rose a much stronger 1.0% in the March 2024 quarter
No rate rise expected as inflation picks up Read More »
For the second time in as many years, Fortescue’s (ASX:FMG) third-quarter iron ore production and sales have been weaker than expected. A year ago, the iron ore major revealed that March quarter production fell 16% quarter on quarter and 3% year on year. Sales fell 6% quarter on quarter but were flat year on year
Fortescue’s third-quarter iron ore production and sales disappoint again Read More »
Companies discussed include: Telix Pharmaceuticals (ASX:TLX)Bank of Queensland (ASX:BOQ)MAAS Group Holdings (ASX:MGH)
Analysis of Telix Pharmaceuticals, Bank of Queensland, MAAS Group Holdings Read More »
Felicity Walsh, Managing Director of Franklin Templeton for Australia and New Zealand, discusses the launch of two ETFs on the ASX. Manny Anton: I am Manny Anton for Finance News Network and today I have the pleasure of speaking with Felicity Walsh, MD and Head of Australia and New Zealand for Franklin Templeton. Franklin Templeton
Franklin Templeton launches two ETFs Read More »
Immutep (ASX:IMM; NASDAQ:IMMP) has announced preliminary topline results from Cohort B of the TACTI-003 Phase IIb trial. The trial evaluates efti in combination with MSD’s anti-PD-1 therapy KEYTRUDA® as first-line treatment for recurrent/metastatic head and neck squamous cell carcinoma patients with negative PD-L1 expression. Shares are trading 10.39 per cent higher at 42.5 cents. Western
Stocks of the Hour: Immutep, Western Mines Group, Industrial Minerals Read More »
The Australian Bureau of Statistics reported a 1% rise in the consumer price index for the three months through March, exceeding market expectations of a 0.8% increase, while the annual CPI slowed to 3.6% from 4.1%, both figures stronger than anticipated. This data will be crucial for the Reserve Bank’s decision on monetary policy at
ASX up 0.08% near noon: CPI comes in higher than expected Read More »
