October 2024

Corporate Travel Management (ASX:CTD) shared strong progress in a market update released today ahead of the company’s Annual General Meeting.  The report indicates gains in the company’s primary markets and effective cost management strategies. The Brisbane-based company operates across Australia, New Zealand, North America, Asia and Europe, providing tailored travel management solutions for corporate clients. […]

The Australian Bureau of Statistics (ABS) released a range of economic updates today, highlighting shifts across building approvals, export prices, and retail spending for September 2024. In building approvals, the seasonally adjusted total for dwellings rose by 4.4% to 14,842 units in September. This uptick follows a 3.9% fall in August. Private sector house approvals

In its quarterly report for the period ending 30 September 2024, BluGlass (ASX:BLG) shared details of a partnership with Uviquity, a US-based startup specialising in wide-bandgap semiconductors and integrated photonics. Under a multi-year Joint Development Agreement (JDA) announced on 31 October, BluGlass will receive an initial $1.2m for the first phase of a project to

Mineral Resources (ASX:MIN) has announced a pivotal $1.13bn deal with Hancock Prospecting, selling 100% of its exploration permits in the Perth Basin and forming joint ventures on remaining assets across the Perth and Carnarvon basins. This transaction, including an $804m upfront payment and up to $327m in resource-dependent bonuses, reflects MinRes’s strategy of leveraging high-value

Coles Group (ASX:COL) reported mixed results in its first quarter of FY2025, highlighting growth in some segments while grappling with tightened consumer spending in others. The company posted a 2.9% rise in total group revenue to reach $10.55bn for the 13 weeks ending 29 September 2024. Coles Supermarkets led the growth, with sales climbing 3.5%

JB Hi-Fi (ASX:JBH) has announced Q1 FY25 results, with a 4.9% total sales growth in JB Hi-Fi Australia, 19.6% growth in New Zealand, and 5.3% for The Good Guys, its consumer electronics and home appliances arm.  In FY24, JB Hi-Fi reached $9.6bn in sales, with a net profit after tax of $438.8m and a closing

Mesoblast (ASX:MSB; Nasdaq:MESO) has reported significant milestones in its Q1 FY2025 results, including an anticipated FDA decision on its lead product, Ryoncil (remestemcel-L), for treating steroid-refractory acute graft versus host disease (SR-aGvHD) in children. Filed in July, the company expects an FDA verdict by 7 January 2025. Ryoncil would be the first FDA-approved treatment specifically

Stocks dipped on Wednesday as investors processed a flood of earnings reports and looked ahead to more results from major tech companies. The S&P 500 fell 0.33 per cent, closing at 5,813.67. The Dow Jones Industrial Average dropped 91.51 points, or 0.22 per cent, finishing at 42,141.54. Meanwhile, the tech-focused Nasdaq Composite declined 0.56 per

Meta Platforms (Nasdaq: META) reported its Q3 2024 earnings after market close, showcasing a strong financial performance. Results surpassed market expectations. Largely driven by advancements in artificial intelligence (AI) and robust ad revenue growth, Meta’s revenue reached US$40.6bn, marking a 19% year-over-year increase and slightly exceeding the projected US$40.3bn. Earnings per share (EPS) came in

Microsoft (NASDAQ: MSFT) released its Q1 FY25 financial results after market close today, reporting revenues of US$56.5bn and an earnings per share (EPS) of US$2.99. These figures surpassed consensus projections, which estimated revenue at US$54.5bn and EPS at US$2.65.  A key driver was Microsoft’s Intelligent Cloud division, which includes Azure and saw a revenue increase