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Buried within the multitude of reports on June 30, a standout result emerged that is poised to be one of the most notable achievements of the 2022-23 financial year. This achievement doesn’t hail from a tech, retail, financial, or mining/resource conglomerate – it originates from an unassuming transport company that has contended with the unpredictability […]

Domino’s Pizza (ASX:DMP) shareholders are set to experience a 30% reduction in their final dividend as the once high-flying fast-food group faced a significant setback in the fiscal year ending June 30. Despite a modest uptick of 2.2% in sales to $2.37 billion, EBIT plummeted by over 23% to $201.7 million, and after-tax statutory profit

Big shareholders in the lithium and nickel exploration company Azure Minerals (ASX:AZS) swiftly recognised the value of investing $2.40 per share in a $120 million placement, a superior choice compared to accepting 42.31 per share from SQM, the world’s second-largest lithium player. It’s worth noting that SQM holds a 19.9% stake in Azure, and it

Woolworths (ASX:WOW) shareholders are set to benefit from a 13% increase in the full-year dividend as the supermarket giant disclosed robust growth in revenue and earnings for the year ending June 25. The retailer reported a 5.7% rise in revenue to $64.3 billion for the 2022-23 fiscal year. This increase trailed the 6% rise in

Following Moody’s and Fitch, S&P Global has joined the ranks of ratings agencies expressing concerns about the US banking sector. This comes in the wake of Moody’s warning or downgrading the ratings of 27 US banks and Fitch’s reminder of its downgrade in June of the sector’s operating environment. S&P Global’s move involved cutting or

Ebos (ASX:EBO), a leading healthcare and animal products group operating across Australia and New Zealand, has reported a surge in both revenue and earnings, leading to a new record for the 12 months ending June 30. The company has raised its annual dividend by 14% in light of this impressive performance. Revenue exhibited a 14%

The S&P 500 fell Tuesday, weighed by concerns over rising Treasury yields ahead of a key speech later this week from Federal Reserve Chairman Jerome Powell, as well as declines in banking and retail shares. The S&P 500 edged 0.3 per cent lower to 4,387.55, while the Dow Jones Industrial Average slid 174.86 points, or

Global rating agencies’ recent downgrades of the US banking sector have raised concerns. Moody’s and Fitch initiated the trend, signalling potential issues. S&P Global, the third major agency, followed suit, downgrading and warning mid level banks due to funding risks and profitability challenges. These moves come amid bank failures and issues in mid level institutions.

Moody’s had previously set the tone by issuing ratings adjustments affecting 27 US banks of varying sizes. Rival Fitch, last week, reminded observers of its June downgrade to the US banking sector’s operating environment – an initial move leading up to a potentially significant downgrade, with even industry giant JPMorgan Chase at risk. Then, on

The S&P/ASX 200 is currently trading 0.06 per cent higher at 7,119.60. The SPI futures have risen by 4 points. Among the sectors, the Information Technology sector is the best performer, experiencing a 5.48 per cent increase. On the other hand, the Consumer Staples sector is the worst performer, showing a decrease of 2.36 per