August 22, 2024

The struggling Brisbane-based regional bank on Thursday unveiled a wholesale revamp of its business structure and operating systems in what appears to be a final gamble for the company. If this revamp fails, Bank of Queensland may be swallowed by a larger rival for prudential reasons (a bailout). The savings from the restructuring won’t start […]

Some analysts were looking for more than the 9% rise in annual net profit that Northern Star Resources (ASX:NST) reported for the year to June on Thursday. Net profit hit a record $639 million, but some analysts had been expecting a 15% rise in statutory after-tax earnings. This was a miss. However, the real story

Specialty youth retailer, Universal Store Holdings (ASX:UNI), has delivered a stellar June 30 result, showcasing surging sales, earnings, and a higher dividend. The retailer of casual youth fashion reported a banner 12 months for the period ending June 30 and indicated a strong start to the new financial year. Unsurprisingly, the shares surged over 13%

Thursday’s announcement from Super Retail Group (ASX:SUL) was a mixed bag. While the company reported record annual sales and a special dividend, investors also faced a decline in earnings. The special dividend, although a welcome surprise, overshadowed a decrease in the ordinary dividend for the latest financial year. Despite this, the announcement boosted share prices

Whitehaven Coal (ASX:WHC) has joined rival Yancoal Australia in reporting a significant decline in revenue and earnings due to a global downturn in coal prices during the year ending June. Unlike Yancoal, which opted to conserve cash by suspending dividends, Whitehaven declared a smaller dividend after investing billions of dollars in two Queensland mines formerly

The S&P 500 experienced a pullback overnight as investors anticipated Federal Reserve Chair Jerome Powell’s keynote address at the Jackson Hole Economic Symposium. The broad index slipped 0.89 per cent to close at 5,570.64. The Dow Jones Industrial Average ended down 177.71 points, or 0.43 per cent, at 40,712.78. The Nasdaq Composite shed 1.67 per

To register for Friday’s webinar click here. Australasian Metals (ASX:A8G) has announced that due diligence results have exceed expectations for Dingo Hole Highly Pure Quartz project. The results show low levels of damaging elements and an average silica content of 99.95% SiO2 after preliminary acid leaching, consistent with historical work. Shares are trading 45 per

Australian shares continued their upward trend, driven by positive earnings reports and a cooling US labor market. Gold prices remained near record highs, and bitcoin also appreciated. However, several companies, including Megaport, Collins Foods, and G8 Education, experienced significant share price declines after releasing disappointing financial results. On the positive side, Medibank, Bank of Queensland,

ETFs discussed include: SPDR S&P/ASX 200 ETF (ASX:STW)iShares S&P 500 AUD ETF (ASX:IVV)iShares Global 100 AUD ETF (ASX:IOO)VanEck Australian Corporate Bond Plus ETF (ASX:PLUS)BetaShares Cash Plus Fund (MMKT)