August 2024

The S&P 500 surged on Wednesday, fuelled by optimism that the Federal Reserve will lower interest rates at its upcoming meeting. The index gained 0.42 per cent to close at 5,620.85, marking its ninth increase in ten sessions and nearing its all-time high. The Nasdaq Composite also climbed, adding 0.57 per cent to reach 17,918.99, […]

Breville Group (ASX:BRG), the 28%-owned global appliance group led by Solomon Lew, reported a strong financial performance for the 2023-24 fiscal year. The company experienced higher sales, earnings, and dividends. In a statement to the ASX on Wednesday, Breville announced a 7.5% increase in net profit to $118.5 million for the 12 months ending June.

Like Fletcher Building, auto parts group Bapcor (ASX:BAP) was always likely to report a substantial loss given the trading and management challenges exposed from February onwards. These problems prompted an unwanted approach from private equity firm Bain & Co of the U.S. at $5.40 per share, which was rejected. As the company struggled to address

Brambles (ASX:BXB) delivered another solid financial result for the year ending June 30th. Investors enthusiastically responded, driving Brambles shares up by more than 9% at one point on Wednesday, reaching a new 52-week high. However, the real highlight for shareholders was the substantial increase in dividends. Brambles promised a higher payout ratio for this financial

By far, the biggest positive reaction to a June 30 report came for WiseTech Global (ASX:WTC), the ASX’s premier IT growth stock. The company’s shares surged more than 19% at the opening of trade after revealing better-than-expected figures for the 2023-24 financial year. The shares hit a new all-time high of $114.99 in the morning

Corporate Travel Management (ASX:CTD) appears to have been stingy in setting its final and full-year dividend for 2023-24. However, a larger buyback for the coming year should help mitigate shareholder disappointment, as evidenced by the initial share price decline post-results. The shares dropped more than 10% at one point, but losses were later trimmed to

At the closing bell, the S&P/ASX 200 was 0.16 per cent higher at 8,010.50. The Australian share market exhibited a mixed performance today, reflecting the interplay of various economic factors. While a late surge in mining stocks and a strong showing from the technology sector provided a positive impetus, the energy sector faced headwinds, dampening

The oil and gas boom has waned for Santos (ASX:STO) in the six months to June 30, with lower production, prices, revenue, and earnings. Despite this, shareholders will likely be pleased with a record interim dividend of 13 US cents per share, up 49%. This announcement comes amid ongoing bid talk in the market, where

Insurance Australia Group (ASX:IAG) reported a significant increase in full-year earnings and shareholder returns for the 12 months ending June 30. The company also announced a $350 million share buyback. Cash earnings nearly doubled to $905 million, up from $452 million a year ago. This was primarily due to reduced natural catastrophes and continued premium

To register for Friday’s webinar click here. Dundas Minerals (ASX:DUN) has confirmed a high grade gold intercept at the Windanya and Baden-Powell projects, located adjacent the Goldfields Highway ~60km north of Kalgoorlie, Western Australia. The results include 9.5 g/t Au (depths between 146m – 147m). Shares are trading 125 per cent higher at 5.4 cents.