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Australian supermarket operator Coles (ASX:COL) has reported a 4.8% rise in its full-year cash profit, amounting to $1.1 billion, driven by a solid surge in revenue from its grocery division. While revenue from liquor sales experienced a slight decline, Coles, the country’s second-largest supermarket chain, achieved $36.75 billion in revenue from its groceries segment, marking […]

Woodside Energy (ASX:WOO), driven by a surge in oil and gas production following its merger with BHP’s petroleum business last year, has posted a remarkable 6% rise in first-half profit, reaching a record high. The company’s net income for the half-year ending June 30 climbed to $1.74 billion USD ($2.71 billion AUD), marking a substantial

Investors in Hong Kong and mainland China have expressed disappointment following the People’s Bank of China’s (PBoC) modest rate cut and the country’s securities regulator’s push for share buybacks among Chinese listed companies. The moves failed to provide the expected boost to the economy and stock markets, leading to a drop in markets in China

HUB24, (ASX:HUB), has announced its financial results for the fiscal year ending June 30, 2023, showcasing robust growth across multiple metrics. In a recent report, HUB24 revealed its Underlying Net Profit After Tax (NPAT) reached $58.8 million, marking a significant 64% increase. The company’s Underlying Group EBITDA surged by 45% to $102.4 million. Additionally, the

Shares of online retailer Kogan (ASX:KGN) faced a sharp decline on Tuesday as investors reacted to the company’s 2022-23 results. The shares experienced a 16% drop at one point, settling around a 14% decrease by midday. The financials, which lacked encouragement, confirmed that the end of the pandemic and the reopening of the economy had

Lake Resources (ASX:LKE; OTC:LLKKF) reports that deeper drilling at the Kachi lithium brine Project in Argentina indicates significantly larger horizontal and vertical extents of the lithium-bearing brine than previously understood. In response, Michael Gabora, Director of Geology and Hydrogeology of Lake Resources, commented, “the latest drilling intercept results indicate that this resource is much larger

Australian-Argentinian lithium conglomerate Allkem (ASX:AKE) has positioned itself favorably for an impending merger with its US-based counterpart, Livent, following the disclosure of its robust 2022-23 financial performance. Allkem reported a full-year profit of $524.6 million USD ($817 million AUD) ahead of a crucial shareholder vote on its upcoming union with Livent, slated for later this

Contrary to sensational headlines, the 37% drop in earnings and subsequent dividend reduction from BHP (ASX:BHP), the global resources company, shouldn’t come as a shock. The company’s first-half earnings for the fiscal year 2022-23 plunged by 32% to $6.457 billion USD, reflecting a 16% decline in revenue, which settled at $25.7 billion USD. As a

At noon, the S&P/ASX 200 is 0.07 per cent lower at 7,110.50, due to losses by key stocks offset a rally in technology shares. The technology sector mirrored Wall Street’s strong performance, achieving a notable uptick of 5.6%. Altium demonstrated an impressive surge of 27% (ASX:ALU), reaching $46.93, while Megaport (ASX:MP1) also excelled with a

The Nasdaq Composite snapped a four-day losing streak on Monday, even as Treasury yields reached levels not seen in over a decade. The tech-heavy index gained 1.6 per cent to close at 13,497.59, its biggest one-day advance since July 28, when it rallied 1.9 per cent. The S&P 500 gained 0.69 per cent to close