Arcadium Lithium (ASX:LTM), formed earlier this year by the merger of Livent of the US and Australia’s Allkem, has seen another significant fall in earnings, joining its rivals in taking a big hit from the downturn in lithium prices and demand. IGO, Albemarle, Pilbara Minerals, and smaller rivals have reported substantial drops in revenue and […]
Arcadia Lithium reports earnings dip Read More »
Rex Minerals (ASX:RXM) is advancing the funding process for its Hillside copper-gold project on South Australia’s “Copper Coast”. The fully permitted project hosts a substantial resource of 1.9 million tonnes of copper and 1.5 million ounces of gold. An optimised feasibility study for the first stage of the project was released in December 2022, returning
Rex Minerals getting to the pointy end of Hillside financing process Read More »
Despite some slightly hysterical claims about the big banks being ‘casualties’, their half-year results confirm they are a long way from being wounded by the sluggish economy, high inflation, and tightening margins. But they could be damaged by problem loans in the months ahead, with a warning on Tuesday that the impact of rising business
Analysis of big banks’ half-year results Read More »
Sixteen months after swallowing rival fund manager Pendal in a cash and shares deal worth around $2 billion, Perpetual (ASX:PPT) is, in turn, being taken over and split up in a deal worth $1.5 billion. Under the deal, which will be announced on Wednesday morning, Perpetual will be broken up, giving KKR the Perpetual name
Perpetual undergoes split and takeover Read More »
Santos (ASX:STO) is reportedly looking to sell its stake in the Alaskan oilfields it jointly owns, including the Pikka oil project, which is due to start producing in 2026. Reuters reported that Santos and its partner, Repsol, are discussing the sale of a minority stake worth around $US1 billion. This could represent between 20% and
Santos looking to sell stake in the Alaskan oilfields Read More »
US markets traded mostly sideways as the major indexes finished mixed on a day where investors continued to debate the Fed ‘s next rate moves and timing. The Dow Jones managed to limp into positive territory finishing the day up 0.08 per cent. This was the fifth consecutive positive close for the 30 stock Dow
US markets finish mixed as momentum slows Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the cash rate. Key points:At its May meeting the RBA left the cash rate on hold at 4.35% as widely expected.But following the higher-than-expected inflation in the March quarter it revised up its inflation forecasts for this year.While it surprisingly retained a
The Australian sharemarket surged by 1.4 percent following the Reserve Bank of Australia’s decision to maintain the cash rate, resulting in gains across all 11 sectors, with the S&P/ASX 200 Index climbing to 7793.3 points at closing. Additionally, the All Ordinaries index saw a similar increase of 1.4 percent. AGL Energy notably stood out with
ASX lifts 1.4%: All sectors finish in green Read More »
A trio of updates from third-quarter trading companies ahead of their June 30 balance dates produced one good, one bad, and one okay. The good news came from AGL Energy (ASX:AGL) and was significant enough to push the shares up 7% yesterday. The bad news came from scrap metal group Sims (ASX:SGM), which pushed the
As the curtain closed on the interim bank reporting season, ANZ made its grand entrance into the buyback bonanza, joining the likes of NAB and Westpac in returning excess capital to investors. Yet, amidst the celebrations of shareholder rewards, a quieter narrative emerges: are these buybacks indicative of a dearth of growth prospects for banks?
Unveiling the hidden dynamics of banks’ $4.5 billion buyback frenzy Read More »
