August 20, 2024

Perth-based engineer and constructor, Monadelphous (ASX:MND) is looking to iron ore and gas to support Western Australian project activity as it tries to recover from the loss of a large lithium contract from US giant, Albemarle. The group revealed a solid 16 per cent increase in annual net profit to $62.2 million on Tuesday for […]

Unlike the glum news from Dexus, the office tower and industrial property group, Vicinity Centres, the shopping centre group, was all upbeat on Tuesday about a big new centre deal in WA. However, the company was more circumspect about the 2023-24 results and a lower payout to investors. The group experienced a small hit from

Property manager and investor, Dexus (ASX:DXS), saw its shares suffer their worst day of trading in three years on Tuesday as the realities of the office property downturn caught up with the company. Dexus shares fell as much as 8.5% to $6.86, marking their worst intraday drop since July 2021, and were among the biggest

The Australian share market extended its winning streak to eight days on Tuesday, buoyed by optimism ahead of the US Federal Reserve’s Jackson Hole meeting. At the closing bell, the S&P/ASX 200 was 0.22 per cent higher at 7,997.70, reaching a level not seen since early August. While technology stocks led the gains, mixed company

Key pointsWhile growth assets like shares go through bouts of shortterm underperformance versus bonds and cash, they provide superior long-term returns. So, it makes sense that superannuation has a high exposure to them.The best approach is to simply recognise that occasional sharp falls in share markets and hence super funds are normal and that investing in both is a long-term

To register for Friday’s webinar click here. Corella Resources (ASX:CR9) has secured government funding to accelerate research into a new HPA production process using its high-quality kaolin deposit. The project aims to reduce costs and environmental impact while producing 5N HPA, a critical material for batteries and LEDs. Shares are trading 60 pr cent higher

The symbolism couldn’t be more striking. Two American astronauts, who journeyed to the International Space Station in June aboard Boeing’s Starliner spacecraft, now face the possibility of being stranded in space for months due to a leak in the vehicle’s propulsion system. NASA is currently exploring the option of sending a SpaceX Dragon spacecraft to

Kamala Harris plans to increase the U.S. corporate tax rate to 28 per cent if she wins the White House in November, aiming to boost government revenues from corporate America—a move likely to face opposition from the business community. Harris’s campaign announced on Monday that she intends to uphold the proposal first introduced by President

At 11:35am, the S&P/ASX 200 is 0.21 per cent higher at 7997.10. The Reserve Bank held the cash rate steady at 4.35% for the sixth consecutive meeting, but minutes reveal serious consideration of a rate hike due to persistent inflation risks. While no decision was made, the central bank emphasised that all options remain open.