Has sales and earnings growth stalled for Solomon Lew’s Premier Investments? This question arises from a terse update to the ASX on Monday, which strongly hinted that the company might see a dip in sales and profits for the year ending July 31. The full-year results will be released on September 25, but on Monday, […]
Premier Investments faces slump in sales and earnings Read More »
Monday, September 9, was the date Anglo American had indicated it would begin receiving bids for its five central Queensland coking coal mines. The quintet includes the productive Grosvenor underground mine, which was forced to close due to a fire at the end of June. Complicating the success of any sale is the significant slump
Anglo American’s coal mine sale faces hurdles due to price drop Read More »
US stocks surged overnight as investors bought the dip following Wall Street’s worst week of the year, with hopes that a potential Federal Reserve rate cut later this month would help support a slowing economy. The Dow Jones Industrial Average soared 484.18 points, or 1.2 per cent, to close at 40,829.59, rebounding after losing more
US stocks rebound as investors bet on potential Fed rate cut Read More »
Enthusiasm surrounding artificial intelligence (AI) is overshadowing broader struggles across the technology sector, with many companies still grappling with the slowdown that began in 2022, according to investors and recent financial reports. Large tech firms like Nvidia and Microsoft have seen significant share price gains as early beneficiaries of AI, helping to erase memories of
Beyond AI: Tech industry Faces Post-2022 Slowdown Read More »
The annual UK results of discount supermarket giant Aldi have undermined analysts’ and others’ obsession with market share. On Monday, Aldi (which is number three here in Australia) revealed record revenues and earnings for its latest financial year (ended December 2023). However, many reports also focused on a 0.2% loss in the company’s share of
Aldi UK reports record revenues despite market share dip Read More »
Westgold Resources (ASX:WGX) and Yancoal (ASX:YAL) are set to be included in the ASX 200 and 300 indexes, as three formerly high-profile stocks were dropped. Those dropped were Domain, the property listing group 48% owned by Nine Entertainment, along with Nanosonics and Strike Energy. The best-known new member of the indexes is the Mexican wannabe
Westgold Resources and Yancoal to join ASX 200 and 300 indexes amid market shifts Read More »
The news on Monday that Westpac (ASX:WBC) CEO Peter King is set to retire later this year (after overseeing the 2023-24 annual results in early November) definitely took investors by surprise. The shares dipped 2% at one stage and ended the day down 0.8%, with the market cap dropping by half a billion dollars. Some
Westpac CEO Peter King to retire Read More »
Inflation continues to tiptoe its way back into the Chinese economy, but for that, the Chinese government can thank another surge in food prices, especially the volatile price of pork. China’s National Bureau of Statistics reported that the annual inflation rate edged up to 0.6% in August 2024 from 0.5% in June, falling short of
China’s consumer prices rise slightly, but weak demand persists Read More »
ABx Group Limited (ASX:ABX) Managing Director and CEO Dr Mark Cooksey discusses the significance of the company’s memorandum of understanding with Ucore Rare Metals. Peter Milios: I’m Peter Milios from the Finance News Network, and today I’m talking with ABx Group (ASX:ABC). ABx Group, trading under the ASX code” ABX”, with a market capitalisation of
Fairmont Equities Managing Director Michael Gable discusses uranium. Click here to visit the Fairmont Equities website.
Uranium is the big opportunity for the next 12 months Read More »
