Unlike lithium rivals such as Pilbara Minerals and Core Lithium, as well as Albemarle and SQM, Perth-based IGO (ASX:IGO) has not only survived another significant hit from the slump in demand and prices for the key renewable mineral but also endured another miserable period for its other key metal, nickel. In its March quarterly report […]
IGO takes profit hit Read More »
The March quarter saw a solid performance by Coles Group (ASX:COL), the country’s number 2 supermarket chain behind Woolworths. A dip in grog sales in the three months to March (reversing a small rise in the six months to December) and expectations that it will continue this year offset the investor reception for Coles Group’s
Coles reports solid results Read More »
To register for Friday’s webinar click here. Sihayo Gold (ASX:SIH), has received a letter from Provident Aurum, stating its intention to make an off-market takeover offer to acquire all the shares of Sihayo. The Proposed Offer is unsolicited. Shares are trading 150 per cent higher at 0.25 cents. Argent Minerals (ASX:ARD) has announced new exceptional
Stocks of the Hour: Sihayo Gold, Argent Minerals, Oceana Lithium Read More »
Australian retail sales unexpectedly declined by 0.4% in March, influenced by high interest rates impacting consumer spending, according to data from the Australian Bureau of Statistics (ABS). This decline, contrary to expectations of a 0.2% increase, marks one of the weakest growth rates on record when comparing turnover to the previous year, reflecting shifting consumer
ASX up 0.21% near noon: Australian retail sales decline 0.4% in March Read More »
Origin Energy’s (ASX:ORG) best investment isn’t in Australia – it’s the 23% stake in Britain’s Octopus Energy, which is going from strength to strength. In fact, Octopus has just become Britain’s largest domestic electricity supplier by customer numbers, after the company added 1.3 million accounts following its takeover of Shell Energy late last year. The
Origin Energy’s stake in Octopus Energy Read More »
In the realm of investments, gold has long held a mystique, often viewed as a hedge against economic uncertainty. Despite the modern financial landscape, characterized by high-tech assets and sophisticated trading strategies, gold has recently surged, defying conventional expectations. Since the Federal Reserve initiated interest rate hikes in March 2022, gold prices have skyrocketed by
Gold’s surprising rally amidst economic anomalies Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses happiness and whether economics is failing us with its focus on GDP and consumption. Key points:Despite a big rise in GDP per person, surveyed measures of happiness have been flat to falling in the US and Australia.Younger people in the US, Canada,
The art of happiness – economics and the “hedonic treadmill” Read More »
Will weak business earnings curb the results of the National Australia Bank (ASX:NAB) this week by adding to the existing pressure on its key measure, the net interest margin (NIM)? And will any weakness in the small and medium business lending sector show up as negatives in the results next week from ANZ and Westpac,
Analysing the impact of weak business earnings on Australian banks Read More »
Chinese EV maker BYD posted higher profit in the three months to March despite the intensifying price war in China and a surge in investment in new technologies. The Warren Buffett-backed automaker’s net profit rose 11% year-on-year to 4.57 billion yuan ($US630.7 million) in the first quarter, it announced Monday night. BYD’s rise in earnings
BYD’s strong Q1 amidst China EV price war Read More »
Growing financial pressures from the loss of its huge Panamanian copper mine have led Canada’s First Quantum Minerals to decide to close its Ravensthorpe nickel mine in southwestern WA. The closure starts Wednesday, May 1, according to a statement on Monday from the company. Around 330 jobs will be lost due to the closure. The
Financial pressures lead to closure of Ravensthorpe nickel mine Read More »
