Outdoor clothing chain KMD Brands (formerly Kathmandu) has battened down the hatches with the end of the financial year in sight, as a sales recovery stalls and earnings slide. The company informed the ASX and NZX on Friday morning that it anticipates earnings before interest, tax, depreciation, and amortisation (EBITDA) of around $NZ50 million for […]
KMD Brands struggling Read More »
Women’s fashionwear chain owner, Mosaic Brands (ASX:MOZ), has joined the emerging list of retailers (including KMD and City Chic) confessing to weak trading and possible or actual losses ahead of the end of their 2023-24 financial years. Mosaic outlined a series of problems that have made trading tougher than it was already in the June
Mosaic Brands facing losses Read More »
Fairmont Equities Managing Director Michael Gable discusses the gold price. Click here to visit the Fairmont Equities website.
What Saudi oil can tell us about the gold price Read More »
To register for today’s webinar click here. Enova Mining (ASX:ENV) announced exceptional clay hosted rare earth grades intersected at Poços. The REE enriched tenements at Poços confirm the areas’ potential for a prospect scale high grade REE deposit. Shares are trading 15.38 per cent higher at 1.5 cents. Marmota (ASX:MEU) announced that the gold program
Stocks of the Hour: Enova Mining, Marmota, K2fly Read More »
There were two not unexpected results from meetings of two major central banks on Thursday—the Bank of England and the Swiss National Bank. The Bank of England (BoE) maintained its key interest rate, while the Swiss National Bank (SNB) cut its rate for the second time since March. The BoE decided to keep interest rates
Central banks update Read More »
The sell-off in Trump Media accelerated Thursday, with shares losing 15% in a day of high turnover. The share price ended the trading day at $US26.75 per share, more than 40% lower than at the start of June, when Trump Media stock was just over $US49 a share. The company’s declining price coincided with a
Trump Media shares plummet amid high turnover Read More »
US markets started the trading day in positive territory with the S&P 500 briefly passing the 5,500 level for the first time ever before giving up early gains and settling lower by the close. The S&P 500 closed down 0.25 per cent and the Nasdaq finished 0.79 per cent lower. The Dow Jones bucked the
Nvidia driven rally finally runs out of steam Read More »
City Chic Collective (ASX:CCX) has confirmed a massive 30% slump in sales for the year ending June 30. This news strongly suggests why the struggling fashionwear retailer is attempting to raise new capital and selling off its US online Avenue business at a loss. The company had its shares suspended from trading earlier this week
City Chic Collective faces 30% sales slump Read More »
As temperatures plummet on the East Coast, a dual threat looms: a shortfall in gas supplies exacerbated by a lack of renewable power generation. The Australian Energy Market Operator (AEMO) has issued a stark “threat notice,” cautioning that current conditions could lead to peak day shortfalls in gas supply across NSW, Victoria, the ACT, South
Potential gas shortages on East Coast Read More »
On Thursday, the S&P/ASX 200 experienced slight losses despite Guzman y Gomez’s successful debut, marking it as the largest IPO since November 2021. The Australian dollar ended the day unchanged at $US66.7¢. Meanwhile, US equity futures indicated optimism with expectations of record highs, while European central banks were set to announce interest rate decisions, shaping
ASX experiences slight losses: GYG makes successful debut Read More »
