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Australia’s corporate regulator, ASIC, has commenced legal proceedings against insurer IAG (ASX:IAG) and its two subsidiaries, accusing them of misleading customers regarding loyalty discounts offered for specific categories of home insurance. The case has far-reaching implications, potentially encompassing more than one million home insurance policies across various states from January 2017 to as recently as […]

Pilbara Minerals (ASX:PLS), despite navigating a challenging global lithium price downturn primarily driven by China’s market dynamics, has officially confirmed a highly profitable year in 2022-23. The company anticipates facing a more measured fiscal year ahead with increased calls on its cash reserves due to heightened investments, while also confronting its inaugural significant tax payment

Tamboran Resources (ASX:TBN) completes Falcon farm-in carry commitments. In response, Managing Director and CEO, Joel Riddle, said: “Meeting the Falcon farm-in agreement cost cap is a major milestone for the Beetaloo Joint Venture (BJV).” Shares are trading flat at 13.5 cents. Sabre Resources (ASX:SBR) announced that a major lithium target has been identified in new

IVE Group Limited (ASX:IGL) Executive Chairman Geoff Selig, CEO Matt Aitken and CEO Darren Dunkley discuss the present on the group’s FY23 financial results. Topics covered include: — Financialsunderlying profit and lossbalance sheetcapital expenditurecash flow and dividendsBusiness updatesOvatoLasooStrategic initiativesExpansion of Content Creation offeringApparel and uniformsPackaging updateSustainability Outlook and guidance

Stocks fell sharply Thursday after a tech rally, sparked by stronger-than-expected Nvidia results, was short-lived. Traders also braced for a key speech from Federal Reserve Chairman Jerome Powell. The Dow Jones Industrial Average closed 373.56 points lower, or 1.08 per cent, at 34,099.42. The S&P 500 lost 1.35 per cent to end the day at

Premier mining, resources and technology conference organising company, Vertical Events, is hosting a New World Metals Investment Series in Perth, Melbourne and Sydney. The events will highlight some of the leading Australian companies who are aiming to take advantage of the shift toward renewable energy, and who are making an effort to sustain the environment

Nine Entertainment (ASX:NEC) has become the latest addition to the growing list of companies reducing their dividends during this June 30 reporting season. This move follows a decrease in full-year revenue and earnings due to challenges faced by the TV, radio, and newspaper advertising markets in the latter half of the year. The final dividend

In the world of retail, divergent outcomes are evident between The Reject Shop (ASX:TRS) and Lovisa, showcasing distinctive retail strategies. On one end, The Reject Shop, renowned for its discount variety offerings, has sprung a surprise by reinstating dividends and planning a $10 million share buyback, buoyed by improved sales and profit figures. After a

On Thursday, the ASX the S&P/ASX 200 closed 0.47 per cent higher at 7,182.10. The market experienced a significant surge due to a powerful rally in the information technology sector. This rally was driven by impressive performance results from Nvidia, a major player on the US Nasdaq index. Futures The Dow Jones futures are pointing

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses China’s slowdown and the implications for Australia Key PointsChina’s economy is slowing not helped by a property collapse and longer-term structural constraints around poor demographics and threats to productivity growth.China needs to save less and spend more, and this requires significant fiscal