August 2024

Carsales owner CAR Group (ASX:CAR) seems to have avoided the tremors hitting car sales in some markets like Australia and the US in recent months. Major listed local dealers, Eagers Holdings and Peter Warren, have issued earnings downgrades and warned of worsening market conditions as consumer confidence slides—though industry data on car sales remains solid. […]

A thumbs down from the market to rail group Aurizon’s (ASX:AZJ) 2023-24 financial report and outlook for the coming year. The shares traded down more than 8% during Monday trading, despite a result that showed the company benefited from the lack of a La Niña’s big wet. There were higher shipments, revenues, and profits from

JB Hi-Fi’s (ASX:JBH) massive special dividend could not disguise the weakest trading performance in four years for the 2023-2024 financial year—since 2020 and the start of the pandemic. However, it wasn’t truly needed given the upbeat news about the retailer’s strong trading in the first month of the new financial year. That trading update sent

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses seven key charts. Key pointsShares have hit a rough patch since recent highs with concerns about the growth outlook.We remain upbeat on a 12-month view as falling inflation allows rate cuts and hopefully recession is avoided or is mild. But the risk

Jindalee Lithium Limited (ASX:JLL) CEO Ian Rodger provides an overview of the company, discussing the McDermitt project, progress on the PFS and grant funding. Peter Milios: I’m Peter Milios from the Finance News Network, and today we’re talking with Jindalee Lithium (ASX:JLL). Jindalee is trading under the ASX code “JLL” and has a market capitalisation

Woomera Mining (ASX:WML) has secured the right to fully acquire the Bronze Fox copper-gold project in Mongolia from Kincora Copper (KCC). The project boasts an inferred mineral resource of 194.1 million tonnes of 0.2 per cent Cu and 0.07 g/t Au. Shares are trading 33.33 per cent higher at 0.4 cents. Bass Oil (ASX:BAS) is

At 11:35am, the S&P/ASX 200 is 0.61 per cent higher at 7,825.40. The results are driven by a strong performance from retail stocks led by JB Hi-Fi. The broader market also gained momentum as global sentiment improved. Consumer discretionary stocks were the top performers, while technology shares also contributed to the positive market mood. JB

Rio Tinto (ASX:RIO) is again facing growing local opposition to its plans for the massive Jadar lithium mine in western Serbia. Tens of thousands of people gathered in central Belgrade on Saturday, demanding a halt to Rio Tinto’s project due to concerns about potential pollution to nearby land and water. Reuters reported that protesters filled

The crypto markets are showing signs of stability as the weekend approaches, following a turbulent week that tested how new institutional investors would handle the significant swings that seasoned digital currency traders are accustomed to. The sell-off in Bitcoin and Ether earlier this week wiped out $367 billion in value, coinciding with a steep decline

Central bankers may assert that inflation is under control, but for chocolate lovers, the outlook is less sweet. Prices of popular treats like Freddo frogs continue to climb as confectionery companies pass on the surge in cocoa prices to consumers. Cadbury Australia, owned by Mondelez, has doubled the price of two of its most beloved