October 2024

At 11:40am, the S&P/ASX 200 is 0.24 per cent lower at 8,229.60. The SPI futures are pointing to a fall of 24 points. Best and worst performers The best-performing sector is Materials, up 0.88 per cent. The worst-performing sector is Consumer Staples, down 2.99 per cent. The best-performing large cap is Pilbara Minerals (ASX:PLS), trading […]

Bougainville Copper (ASX:BOC) has reached an agreement with the Autonomous Bougainville Government (ABG) to resolve long-standing disputes over its exploration rights at the Panguna copper-gold project. This project, located in Bougainville, Papua New Guinea, was once one of the largest copper mines in the world, and holds significant historical and economic importance. However, it has

BrainChip Holdings (ASX:BRN) highlighted major advancements and partnerships in its September 2024 quarterly report, reporting steady growth in customer engagements and product developments. The company is known for its “Akida” neuromorphic processors that mimic the human brain to deliver low-power, efficient AI computing. The Akida technology is designed for edge AI applications, enabling devices to process

In its quarterly report, Latin Resources (ASX:LRS) reported advancements in its flagship Salinas Lithium Project in Brazil and highlighted the strategic acquisition agreement with Pilbara Minerals (ASX:PLS). The proposed transaction, valued at around $560 million (approximately US$370 million), would see Latin Resources shareholders receive 0.07 Pilbara shares per Latin share — a deal offering a

Weebit Nano’s (ASX:WBT) September 2024 quarterly report noted expanded customer engagements and strategic partnerships with over 20 industry players. “This quarter marks a milestone for our ReRAM technology’s market readiness, with high demand from fabs and device makers worldwide,” commented CEO Coby Hanoch. The company is pioneering Resistive Random Access Memory (ReRAM) technology, which is a

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