August 2024

Gold traded down and then rebounded to close at its second record high on Tuesday. Comex gold for December delivery fell to $A2,543.30 per ounce in early trading Tuesday, a day after the metal closed at a record high of $A2,555.20 per ounce. But it bounced to end at $A2,559 an ounce after touching a […]

Worley (ASX:WOR) reported a 27% increase in underlying profit for the 2024 financial year. However, the engineering services group’s share price only rose by 2.5%, falling short of analysts’ forecasts and leaving shares down 17% year-to-date. Underlying net profit after tax reached $416 million, up from $348 million but below market expectations of $422 million.

US stocks closed slightly higher on Tuesday as investors looked ahead to a crucial earnings report from Nvidia. The broad-based S&P 500 gained 0.16 per cent to finish at 5,625.80, while the tech-heavy Nasdaq Composite rose 0.16 per cent to 17,754.82. The Dow Jones Industrial Average added 9.98 points, or 0.02 per cent, to close

At the closing bell, the S&P/ASX 200 was 0.16 per cent lower at 8,071.20. The Australian share market experienced a slight downturn on Tuesday, primarily driven by rising tensions in the Middle East and mixed corporate earnings results. Despite this, the market remained near its all-time high. The energy sector saw a boost due to

Moody’s Ratings gave BHP’s (ASX:BHP) 2023-24 results a thumbs up, despite multi-billion-dollar impairment losses on its nickel business and involvement in the Samarco mine dam failure in Brazil nine years ago. The impairments and weaker prospects for iron ore and copper led BHP to trim its interim and final dividends to US$1.46 per share, down

The country’s second-largest supermarket group, Coles Group (ASX:COL), will pay shareholders 3% more in total dividends for the 2023-24 year after a 2.1% increase in earnings to a new high of $1.1 billion. The supermarket giant said revenues rose 5.7% to a record $43.6 billion (normalised because 2023-24 was a 53-week year and 2022-23 was

In a statement that is likely to ruffle feathers in the boardrooms of many mining companies, BHP (ASX:BHP) has predicted a challenging future for the iron ore market. The Australian mining giant believes that the commodity’s days of soaring prices are over, citing China’s economic slowdown and increased supply as key factors. China’s shift in

BHP (ASX:BHP) has released its initial estimate of the Oak Dam prospect in South Australia, revealing a substantial underground copper and gold deposit. Located 65 kilometres from the company’s massive Olympic Dam mine, the deposit contains an estimated 1.3 billion tonnes of copper and gold. While impressive, Oak Dam is not as large as Olympic

BHP (ASX:BHP) has reduced its final dividend to 74 US cents per share from the previous year’s final dividend of 80 US cents, following a slight increase in operating profit for the year ending June. This brings the total annual dividends to $US1.46 per share, a significant decrease from the $US1.70 per share paid the

Lower oil and gas prices saw Woodside Energy (ASX:WDS) report a 14% drop in underlying after tax net profit to $US1,632 million, down 14% on the corresponding period in 2023. That was struck on a 19% slide in revenues to $5.988 billion for the half year. Directors cut the fully franked interim dividend to 69