Market News

China’s economy continued to stutter in August thanks to a terrible combination of renewed Covid infections across a host of cities, towns and regions; tightened mobility restrictions, and power rationing as a result of the worst heatwaves in decades. The drought and Covid have made for a double whammy in the southwest where the huge […]

In contrast to the solid 2021-22 results from rival JB Hi-Fi earlier this month, Harvey Norman (ASX:HVN) revealed on the final day of the reporting season that it suffered a small dip in sales and earnings for the year to June 30. HVN said it saw a 3.6% fall in net profit for the year

Australian-based African gold miner Perseus Mining (ASX:PRU) boosted sales revenue 66% in the year to June 30 to more than $1.12 billion, thanks to higher production and prices and a tight hold on costs. The company said on Wednesday the boost in revenue saw EBITDA from operations jump 86% to $564.1 million from the year

Contrasting results from two small industrials involved in the resources sector – one a loss on a contract; the other, a solid profit after a big takeover nearly two years ago. But Southern Cross Electrical (ASX:SXE) and Fleetwood (ASX:FWD) have a couple of major pluses in common – they have a lot of cash on

Stocks fell for a fourth straight day on Wednesday, the last day of August, putting the summer market comeback in doubt as investors weighed the Federal Reserve’s inflation-fighting efforts. The major averages were higher earlier in the day. The Dow Jones Industrial Average slid nearly 0.9 per cent,The S&P 500 lost roughly 0.8 per cent

By Anthony Aboud and Sean Roger,  Perpetual Twelve months ago, the broader Perpetual Australian Equities team had a clear view that we were heading into an inflationary environment and the market was underestimating this trend. Fast forward to August 2022 and it’s a lot more difficult to call where we go from here. And while we

From an investment perspective, tech companies now dominate traditional industries, with new areas of technology influencing everything from food to cybersecurity to healthcare, but it’s in the private market where the serious returns are being generated, with M&A activity the exit strategy rather than an IPO. In this video we talk through the opportunity for

Australian shares started the day sharply lower as world stock markets struggled to recover on Wednesday after a three-day losing streak. At noon, the S&P/ASX 200 is 1.98 per cent or 138.60 points lower at 6848.20. The SPI futures are pointing to a fall of 92 points. Best and worst performers The best-performing sector is

American Rare Earths (ASX:ARR) today announced a substantial increase to the Exploration Target for their Halleck Creek project, confirming its potential to be one of the largest Rare Earth Projects in the USA. CEO Chris Gibbs commented “ The Hallek Creek project is shaping up to become a world class asset. The maiden drill campaign

Is the move by consumer electronics and whitegoods retailer giant, JB Hi Fi (ASX:JBH) to go againstthe grain and spend the next three years upgrading and expanding its NZ operations a sign that itbelieves the Australian market is going ex-growth? Buried in its 2021-22 results on Monday (most of which were detailed in a brief