October 17, 2024

Atlas Arteria (ASX:ALX) reported solid financial results for Q3 2024, with toll revenue increasing by 5.0% compared to the prior year. This growth was supported by a 0.6% rise in weighted average traffic across the company’s portfolio. The robust traffic performance was attributed in part to the Paris Summer Olympics, which boosted traffic in August, […]

Australian Finance Group (ASX:AFG) has reported solid performance despite facing pressures from a competitive mortgage market in FY24. Revenue for the year reached $1.07 billion, reflecting a 7.2% growth from the prior year. However, the group’s net profit after tax (NPAT) fell to $29.0 million, down 22% year-on-year, primarily due to tighter margins in its

Beach Energy has reported a solid start to FY25, with production rising 10% quarter-on-quarter, driven by its successful projects in the Otway and Bass Basins. The company’s first-quarter report highlights total production of 5.2 million barrels of oil equivalent (MMboe), up from 4.8 MMboe in the previous quarter. This growth was underpinned by a 24%

EVT Limited has announced plans to prioritise its hotel segment for future growth following a mixed financial performance in 2024. With revenue increasing by 3.9% to $1.22 billion, EVT (ASX:EVT) has placed a strategic emphasis on its expanding hotel portfolio, which delivered strong results despite challenges in other segments like entertainment and alpine resorts. At

RPMGlobal (ASX:RUL) has reported a significant increase in its market capitalisation and strong financial performance, capping off a successful FY24. The company, which provides software and advisory services to the mining sector, saw its market cap more than double to $660 million, a 105% rise from the previous year. This growth was largely driven by

Aerometrex (ASX:AMX) has secured a significant new LiDAR contract worth approximately $0.85 million with Australian AgTech company Agronomeye. The contract will see Aerometrex provide high-resolution LiDAR data to support the development of landscape models and carbon farming projects. This collaboration aims to enhance sustainable land management practices by integrating Aerometrex’s LiDAR data into Agronomeye’s AgTwin™

The Dow Jones Industrial Average surged to a new record close, buoyed by robust economic data that alleviated concerns about a potential recession. In contrast, the S&P 500 fell short of setting a new benchmark despite achieving an intraday record earlier in the session, as the artificial intelligence sector saw renewed interest. The Dow climbed

Retail sales in the United States rose by 0.4% in September 2024, surpassing market expectations of 0.3%. This marks a steady increase from August’s 0.1% gain, as reported by the US Census Bureau. The retail sector’s growth underscores resilient consumer spending, despite ongoing inflationary pressures. Non-store retailers, which include e-commerce platforms, saw a robust 7.1%

The US economy added 254,000 jobs in September 2024, significantly exceeding the 140,000 forecast by economists. This marks a robust rebound in the labour market following slower growth in previous months. The unemployment rate remained relatively stable, edging down to 4.1% from 4.2%. Private sector hiring was a major driver of this increase, with 223,000

Mining giant Rio Tinto (ASX:RIO) has announced an agreement to acquire Arcadium Lithium, a US-based lithium chemicals producer, in a $6.7 billion all-cash deal. The acquisition, revealed on October 9, 2024, will strengthen Rio Tinto’s position as one of the world’s largest lithium producers, essential for the rapidly growing electric vehicle (EV) market and the