August 2024

The Dow Jones Industrial Average notched a new all-time high overnight as investors sought to shake off a recent market slump. The 30-stock index finished the session up 65.44 points, or 0.16 per cent, to close at 41,240.52. Earlier in the day, it touched a new intraday record, but pulled back from that peak. Meanwhile, […]

Unlike many of its peers in the lithium space, who have struggled to remain in business and faced significant write-downs, impairments, losses, and suspended expansion plans, Pilbara Minerals (ASX:PLS) has managed to survive—though not without considerable financial pain. However, this pain was anticipated; the 90% hit to earnings was well-forecasted after the company’s 2023-24 production

Shares in grog retailer Endeavour Group (ASX:EDV) lost more than 7% at one stage yesterday, despite reporting record sales of $12.3 billion for the year to 30 June. The owner of the Dan Murphy’s and BWS chains, as well as a fleet of pubs and pokies, saw a 3.6% rise in annual revenue turn into

A different profit story for Ramelius (ASX:RMS) compared to Gold Road Resources (ASX:GOR), but only due to the way the company’s 50% owned Gruyere mine was significantly impacted by the wet weather across the WA goldfields during the first four months of this year. Revenue for the six months ending June 30 totaled $211.7 million,

Ramelius Resources (ASX:RMS) as confirmed that the 2023-24 financial year was a ‘golden year’ for the miner, with expectations of another strong year ahead, as it revealed record revenues and earnings for the 12 months to June. The company had already explained the impact of record gold prices on its performance in its 2023-24 production

Shell fuel refiner and retailer Viva Energy (ASX:VEA) has reported a rise in half-year profit, driven by strong earnings from its refining business. This gain offset a slowdown in fuel sales volumes and a significantly higher interest and finance bill resulting from the takeover of a major Adelaide-based convenience and fuel retailer. Viva owns the

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