October 29, 2024

In its latest quarterly report, Woolworths Group (ASX:WOW) announced a 4.5% increase in total sales, reaching $18bn, for the 14-week period ending 6 October 2024. This growth reflects consumer demand and strategic pricing adjustments, particularly as inflation in food categories like meat and vegetables showed signs of moderation. CEO Amanda Bardwell emphasised the company’s efforts […]

Pilbara Minerals (ASX:PLS) recently reported solid production and cost management results for the September quarter ending 30 October 2024. The company produced 220.1k tonnes of spodumene concentrate, meeting its production targets despite lithium market fluctuations. Revenue reached $210m, though down 31% from the previous quarter due to a 19% drop in realised lithium prices. CEO

Spark New Zealand (ASX:SPK), the largest telecommunications and digital services provider in the country, revised its FY25 guidance, lowering EBITDAI (earnings before interest, tax, depreciation, amortisation, and investment income) to NZ$1,120-$1,180m, with capex reduced to NZ$415-$435m and a dividend cut to 25 cents per share. Spark attributes this move to subdued economic activity, citing weak

The Nasdaq Composite reached a new all-time high on Tuesday as investors braced for key corporate earnings releases, including those from several prominent tech companies. The tech-heavy Nasdaq climbed 0.78 per cent, closing at a record 18,712.75. The S&P 500 edged up 0.16 per cent, finishing at 5,832.92. Meanwhile, the Dow Jones Industrial Average lagged,

BP’s shares have dropped to their lowest level since 2022, after the company reported a sharp reduction in profit in its third quarter 2024 results. Shares are currently down 4.3% at £3.82.on the London Stock Exchange. The British energy giant reported a replacement cost profit — its proxy for net profit — of US$2.3bn for July

HSBC’s third-quarter results have exceeded expectations, propelling its shares to a six-year high. Shares are currently 3.71% higher at 717.8 pence on the London Stock Exchange. The London-based bank, which derives most of its earnings from Asia, reported a pre-tax profit of US$8.5bn — a 10% increase year-on-year — surpassing analyst forecasts of US$7.6bn. This

Spot gold is trading at a record high of US$2,769.61 per ounce (surpassing a previous record of US$2757.22, set on 23 October this year). The latest Job Openings and Labor Turnover Survey (JOLTS) for September showed a sharp drop in job openings to 7.44 million, down from August’s 8.04 million, and well below forecasts of

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses valuations. Key pointsStarting point valuations – like yields and price to earnings ratios – are key drivers of medium-term investment returns.Valuation starting points for term deposits and bonds have improved. For shares they suggest constrained return potential, particularly from US shares but

At its AGM today, Credit Corp Group Limited (ASX:CCP) laid out a recovery-focused strategy after a turbulent year, marked by a 44% drop in net profit after tax (NPAT) to $50.7m and a reduction in shareholder dividends. The company’s share price closed the fiscal year lower than where it began, a reflection of persistent challenges,

Resolute Mining (ASX:RSG) faced a challenging Q3 FY24, with gold production reaching 85,043 ounces — 6% below the previous quarter due to extreme rainfall at the Syama and Mako mines. Year-to-date revenue stood at $1.95bn, a decline from $2.21bn during the same period in 2023, reflecting broader challenges in the gold market. Syama in Mali