Qantas (ASX:QAN) shares continued to slide on Monday, as the airline’s attempts to launch a PR campaign resulted in an unexpected and embarrassing apology. The shares registered a 3% decline on Monday, exacerbating the month-long loss to 11%. This downturn was triggered by a slew of negative publicity surrounding the airline, including issues related to […]
Qantas PR campaign backfires Read More »
New Zealand-based casino group SkyCity (ASX:SKC) has informed both the NZX and ASX that it faces the possibility of losing its casino licences in the country for a period of 10 days. This startling announcement led to a 17% sell-off of shares on the ASX during Monday’s trading. The company’s statement revealed that the NZ
SkyCity faces potential 10-day licence suspension Read More »
Leo Lithium (ASX:LLL) experienced a significant decline in its shares after the company revealed the suspension of work on a lithium mine in Mali by the government. Despite claims to the contrary, Leo Lithium’s shares dropped by 50% to 56 cents when it emerged from a trading halt. This news coincided with Albemarle’s increased bid
Work suspended at Leo Lithium mine in Mali Read More »
Local miners are grappling with the most significant quarterly drop in profitability since the upheaval of the global financial crisis, as plummeting prices for thermal coal and natural gas send shockwaves through the resource sector, affecting both corporate earnings and government revenues. According to data released by the Australian Bureau of Statistics on Monday, profits
Mining industry witnesses steepest quarterly decline since GFC Read More »
Sequoia Financial Group Limited (ASX:SEQ) CEO and Managing Director Garry Crole discusses the group’s FY23 financial results. Topics covered include: FY23 financial highlightsFY23 business highlightsGroup financial snapshotScalable financial model impacted by 2023 challengesSum of parts snapshotDirect investments restructured to deliver growth in FY24Equity markets impacted by weaker trading conditionsProfessional services grows in tough marketLicensee services gaining
Sequoia Financial Group (ASX:SEQ) FY23 financial results Read More »
04 Sep 2023 – Westgold Resources (ASX:WGX) Managing Director Wayne Bramwell provides an update on the company, discussing drivers behind production results, the gold price, and plans going forward.
Margin over ounces: Westgold’s strong production results Read More »
At the closing bell, the S&P/ASX 200 was 0.56 per cent higher at 7,318.80, driven by strong performance in mining and energy stocks. This surge was attributed to positive sentiments regarding China, as its authorities implemented measures to stimulate housing demand. The Reserve Bank of Australia is expected to maintain the cash rate at 4.10%
ASX close 0.56% at mining and energy stocks outperform Read More »
Westgold Resources (ASX:WGX) Managing Director Wayne Bramwell provides an update on the company, discussing drivers behind production results, the gold price, and plans going forward. Peter Milios: We are talking today with Westgold Resources (ASX:WGX). WGX has a market cap of $700m. Westgold is a dynamic and responsible explorer and developer of gold mines, operating
Margin over ounces: Westgold’s strong production results Read More »
04 Sep 2023 – Glen Diemar, Managing Director of Australian Gold and Copper Limited (ASX:AGC), provides an update on the company, discussing drill targets, plans and outlook.
Searching for gold and copper in the Cobar Basin Read More »
The S&P/ASX 200 is trading 0.43 per cent higher at 7,309.30. Futures The SPI futures are up 45 points. Best and worst performers The best-performing sector is Materials, up 1.85 per cent. The worst-performing sector is Utilities, down 0.75 per cent. The best-performing large cap is Liontown Resources (ASX:LTR), trading 8.78 per cent higher at
Afternoon update: Aus shares up 0.43%, Liontown soars on revised takeover bid Read More »
