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Elders bets on diversification to weather tough times

Elders (ASX:ELD) has announced its financial results for the year ended 30 September 2024. It reported a challenging year marked by fluctuating market conditions and subdued client sentiment, particularly in the first quarter. The company is a leading agribusiness servicing rural and regional Australia, providing agricultural products, services, and advice. Revenue declined by 6% to $3.13bn, while […]

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Clinuvel narrows focus to prioritise key programs

Melbourne-based Clinuvel Pharmaceuticals (ASX:CUV) has announced a strategic shift to focus on three core clinical programs while pausing others. This decision aims to accelerate regulatory and commercial milestones for the company, Clinuvel is an Australian biopharmaceutical specialising in treatments for rare genetic, metabolic and systemic disorders. The company is known for its expertise in photomedicine,

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Trump bump wobbles, US inflation scare?, US shares offer no risk premium over bonds, RBA, Wages

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events. Investment markets and key developments over the past week Global share markets were messy over the last week, not helped by the ongoing

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Growth ahead: Aspen upgrades FY25 outlook on development boom

Aspen Group (ASX:APZ), a property investment and management company specialising in affordable housing and lifestyle communities, has upgraded its earnings guidance for FY25. The company now expects underlying earnings per security (EPS) to reach 16.0 cents, a 5% increase over previous forecasts and a 16% rise from FY24’s 13.8 cents. Aspen attributes the earnings upgrade

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Charging down: Trump team to scrap tax credit – with Tesla’s support

President-elect Donald Trump’s transition team is planning to eliminate the $7,500 federal tax credit for electric vehicle (EV) purchases, a move that could hinder EV adoption across the United States. According to sources cited by Reuters, Trump’s energy transition team, led by billionaire oilman Harold Hamm and North Dakota Governor Doug Burgum, views this tax

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