Perth-based miner IGO (ASX:IGO) seems to have escaped another round of punishment from investors sceptical about its nickel and lithium operations. The company’s shares rose more than 4% at one stage yesterday after it revealed that the huge Greenbushes lithium mine and the corporate structure surrounding its ownership had saved it from joining other lithium […]
IGO dodges investor punishment Read More »
On Thursday, the sharemarket experienced its steepest decline in three weeks, driven by a weak lead from Wall Street and a sharp drop in Nvidia’s stock, which fell nearly 9% due to disappointing guidance. The S&P/ASX 200 Index fell 0.3% to 8045.1, moving away from its recent record of 8148.7, with the All Ordinaries also
ASX falls 0.3% to its steepest decline in three weeks Read More »
Global miner South32 (ASX:S32) reported a 60% fall in underlying earnings for the 2023-24 financial year, but it tempered the impact of this significant drop with a new $US200 million share buyback following the sale of its Illawarra Metallurgical Coal business. The company had flagged that the buyback would be set when the sale was
South32 reports 60% earnings drop Read More »
Bega Cheese (ASX:BGA) has increased its dividend for the year ending June, following a rise in sales, profits, and a reduction in debt. This positive outcome comes despite the ongoing challenges faced by many companies over the past year. The company’s board has set the full-year dividend at 8 cents per share, up from 7.5
Bega Cheese boosts dividend despite challenging conditions Read More »
Corella Resources Limited (ASX:CR9) CEO Jess Maddren provides an overview of the business, discussing novel steps for high-purity alumina flowsheeting. Peter Milios: I’m Peter Milios from the Finance News Network, and today I’m talking with Corella Resources (ASX:CR9). Corella Resources, trading under the ASX Code “CR9” with a market capitalisation of approximately $3m, is an
Corella Resources (ASX:CR9) discusses novel flowsheeting for high-purity alumina Read More »
Mineral Resources (ASX:MIN) shares were justifiably sold down on Thursday after the company quietly released its 2023-24 results late in the evening, revealing the shocking news that it was dropping its final dividend. Additionally, the Perth-based lithium, iron ore, and energy group reported an 80% fall in annual profit and announced it was hunkering down
MinRes shares hit two-year low Read More »
The wheels well and truly fell off the finances of luxury online retailer Cettire (ASX:CTT), and investors once again punished the former high-flyer with another market pounding on Thursday. Cettire has become a battleground for shorts and bears, with many sceptical about its financials and business model. Every report is closely examined for weak or
Cettire faces investor scrutiny amid profit decline Read More »
Nick Chaplin, Director and Portfolio Manager at Seed Funds Management, discusses the implications of the drop in bank term deposit rates with Chris Gosselin, CEO of Australian Fund Monitors.
To register for Friday’s webinar click here. Battery Age Minerals (ASX:BM8) has identified multiple drill targets at its Bleiberg Lead-Zinc-Germanium Project in Austria, extending over a 6 km strike length based on historical datasets. BM8 has advanced its targeting strategy by integrating 100+ years of historical geological data, confirming the presence of prospective mineralisation-hosting stratigraphy,
Stocks of the Hour: Battery Age Minerals, HyTerra, Vection Technologies Read More »
At 11:40am, the S&P/ASX 200 is 0.61 per cent lower at 8,022.20, mirroring a weak performance on Wall Street and a sharp decline in Nvidia’s stock. The local market was also influenced by a wave of corporate earnings reports, including from Qantas and Wesfarmers. Key sectors such as consumer and technology experienced declines, while financials
ASX down 0.61% near noon following a poor performance on Wall Street Read More »
