Author name: Joanna Dimitrakopoulos

No rate rise pressure on the Reserve Bank from the two most sensitive data releases this week – Wednesday’s Wage Price Index for the March quarter and Thursday’s labour force figures for April. The latter showed the unemployment rate rose by 0.1 percentage points to 3.7% in April but the Australian Bureau of Statistics said […]

The S&P 500 and Nasdaq Composite jumped on Thursday to notch their highest closing levels since August 2022 as Wall Street traders kept focused on debt ceiling negotiations. The major averages ticked higher into the end of the trading session, with the broad-market index adding 0.94 per cent to end at 4,198.05. The Dow Jones

Positive spins from the country’s biggest beef operator and the erstwhile Kathmandu, with both ending higher in Thursday’s trading session.………… Shares in Australian Agricultural Company (ASX:AAC) leapt just on 10% yesterday after the company revealed a 35% jump in operating profit to $67.4 million for the year to March 31 as it enjoyed better returns

Unlike other companies operating in the rural sector such as United Malt, Incitec Pivot and Elders, Nufarm (ASX:NUF) seems to have had an almost trouble free six months to March 31 with revenue up, earnings up and a higher dividend. The only negative was the seasonal surge in debt to handle the expected rise in

The arrival of accounting software giant Xero’s (ASX:XRO) 2022-23 annual results yesterday brought with it news of cost cuts, higher revenue and more subscribers that sent the shares back over the $100 mark. The price surge was a clear vote of confidence in the new CEO Sukhinder Singh Cassidy, who set the new path and

By Simon Doyle, Schroders April drew to a close with recession still an expectation, not the reality. Economic data generally continues to moderate, but is not yet dire, while inflation, the key focus of policy maker attention, is also starting to soften but remains uncomfortably and stubbornly high. While bond markets are reflecting the ongoing tussle

News from the industrials side of the market yesterday with shades-maker Gale Pacific (ASX:GAP) and discount retailer Best and Less (ASX:BST) each disappointing the market.………… Gale Pacific (ASX:GAP) – a maker of blinds, shades and outdoor protection products – has been hit by a combination of the lingering end of La Nina, weakening consumer demand,

Is United Malt Group (ASX:UMG) just going through the motions while it awaits its French bidder to finish due diligence and firm up a $5 a share offer? The company released final interim results for the first half of 2022-23 – they were within the range of the trading update in late April but again

Incitec Pivot (ASX:IPL) shares fell 10% at one stage yesterday after it revealed a weak performance in its fertilisers business for the six months to March 21. The fertiliser and explosives maker tried to offset the weak result by claiming a “positive earnings skew in the second half” thanks to a better outlook for explosives

A busy, busy annual meeting for Tesla on Tuesday has seen CEO Elon Musk reveal a gloomy outlook for the US and much of the global economy, again promise the start of deliveries of its long mooted Cybertruck, forecast a surge in sales of its EVs, start advertising with a small spend and push towards