May 2024

Shareholders in Brisbane-based tech services and software group, Technology One (ASX:TNE), will receive a record interim payout of 5.08 cents per share after the company revealed a double-digit increase in sales and profits for the six months ending on March 31. TNE asserts it is confident it can maintain the strong first-half performance into the […]

As expected, Brisbane-based global testing company ALS (ASX:ALQ) has ensured that its shareholders will not feel the financial pain of its Nuvisan adventure—the wasted millions of dollars invested in the European drug testing company and the quarter of a billion dollar impairment wrote down. Thanks to the $248.8 million write-down, ALS reported a tiny profit

James Hardie (ASX:JHX) might have notched up another record earnings year, defying tough homebuilding and construction markets in Australia and the US especially, but those headwinds look like they’re catching up in the 2024-25 financial year, with lower earnings forecast by the group. Hardie reported a 17% rise in adjusted full-year net income to a

Telstra (ASX:TLS) embarked on a significant investor pitch on Tuesday, unveiling cost reductions and other adjustments to reset its troubled Enterprises division. This narrative was accompanied by an optimistic outlook for 2023-24 earnings, alongside early guidance for 2024-25. However, the crux of the matter lies in the announcement of job cuts totaling a substantial 2,800,

Sierra Nevada (ASX:SNX) will review the potential for a large, high-grade epithermal silver-dominated vein system at Blackhawk, Nevada, USA. The high-grade intercept is situated 150m vertically below the deepest portion of the historic mine and includes higher grade intersections of 0.5m at 1270g/t Ag from 256.5m. Shares are trading 82.93 per cent higher at 7.5

The Reserve Bank’s May policy meeting minutes indicated that while raising the cash rate was considered if forecasts risked optimism regarding inflation factors, stronger-than-expected data prompted them to maintain the rate at 4.35%, citing insufficient updates to justify policy alteration and acknowledging increased inflation risks. At 11:40am, the S&P/ASX 200 is 0.2 per cent lower

The rally in the US dollar witnessed earlier this year has reversed course as investors anticipate a decline in inflation in the world’s largest economy, potentially providing the Federal Reserve with greater flexibility to cut interest rates. Initially, the greenback had appreciated by up to 5 percent against a basket of currencies by mid-April this

Rio Tinto (ASX:RIO) has officially declared a force majeure on alumina shipments originating from its refineries in Queensland, Australia. The decision stems from a shortage of gas necessary to sustain its operations, according to sources familiar with the matter. The announcement was made to clients on Monday, though the sources requested anonymity when discussing confidential

Gold went for another record-breaking run on Monday but couldn’t hang on to the new peak, while copper managed to retain its gains. Comex June futures leapt to a new all-time high of just over $US2,454 an ounce — $10 higher than the previous peak reached on Monday, May 6. However, they then retraced to

Nvidia shares rallied strongly in Monday trading ahead of its quarterly earnings result due out on Wednesday, leading the Nasdaq to a new record close. The Nasdaq finished the day up 0.65 per cent setting a new record close at 16,794.87. The S&P 500 closed up 0.09 per cent and the Dow closed down 0.49