August 26, 2024

Shares in online retailer Kogan (ASX:KGN) jumped more than 13% at one stage yesterday after it revealed the resumption of a final dividend for the first time in several years. The 7.5 cents per share dividend took investors by surprise, as Kogan had only resumed paying dividends earlier this year for the first half of […]

Real estate and banking stocks experienced a rally following comments from the Federal Reserve. The Australian dollar (AUD) has reached 68 cents against the US dollar. Uranium stocks also saw an increase, and oil prices have gained due to the escalation in the Middle East. At the closing bell, the S&P/ASX 200 was 0.76 per

IVE Group Limited (ASX:IGL) CEO Matt Aitken and CFO Darren Dunkley present on the group’s FY24 financial results. Key underlying financial performance indicators for the year include:Revenue $969.9m, up 0.3% from $967.4m pcpMaterial gross profit margin, 46.7% up from 45.1% pcpEBITDA $127.8m, up 7.5% from $119.0m pcpNPAT $43.0m, up 8.4% from $39.7m pcp, impacted by

Investment manager Perpetual (ASX:PPT) on Monday delivered a mixed bag of news ahead of its full-year results for 2023-24, due out on Thursday. The more significant announcement was a pre-tax impairment charge of approximately $547 million, triggered by outflows of investment funds under management. This loss, largely attributed to J O Hambro and TSW, totalled

Actinogen Medical (ASX:ACW) has announced positive results from its XanaCIDD phase 2a depression trial. Xanamem, the company’s drug candidate, demonstrated consistent benefits in reducing depression symptoms across multiple endpoints, suggesting its potential as a novel treatment for Major Depressive Disorder. Shares are trading 104.17 per cent higher 4.9 cents. Kalina Power (ASX:KPO) signed a non-binding

The Australian stock market started the week positively on the news that the US Federal Reserve is likely to cut interest rates soon. At 11:45am, the S&P/ASX 200 is 0.61 per cent higher at 8,072.80. The Australian dollar also rallied against the US dollar. Some individual company stocks also showed significant changes. Bendigo & Adelaide

Global coffee prices have skyrocketed to record levels due to adverse weather conditions disrupting crops, leading to higher costs for consumers and prompting roasters to mix in more lower-cost beans. Both robusta beans, commonly used in instant coffee, and the higher-quality arabica variety have seen significant price increases in recent months. London robusta futures, the

Amid the striking scenery of the Teton mountain range, a seemingly improbable outcome appeared within reach for the top central bankers who had gathered in Wyoming for the Jackson Hole symposium. After enduring the worst inflation shock in four decades, attendees at the Kansas City Federal Reserve’s annual conference expressed optimism that they were nearing

Another big week ahead for markets to chew over, although there’s nothing to match both the buildup and the content of Fed Chair Jay Powell’s comments on Friday that changed the interest rate outlook and pushed markets into the boom zone. However, there will be some important data releases, as well as major earnings reports.

Oil had a one-day spurt on Friday following the interest rate remarks by Fed Chair Jay Powell, but the gain couldn’t offset the losses from the previous four sessions. Powell stated on Friday that the “time has come” for the US central bank to begin lowering its benchmark lending rate, though the timing and extent