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Fonterra, the world’s largest dairy company, reported a record net profit of $NZ1.6 billion on Thursday, signaling substantial gains in milk, cheese, and other dairy products. Shareholders can anticipate record dividends of $NZ1 per share for the year. The co-operative distributed a 10 NZ cent first-half dividend and a 50 NZ cent special dividend from […]

Fairmont Equities Managing Director Michael Gable shares his opinion on share markets, looks at what stocks he has been buying or selling and the outlook from here and opportunities.

The Qantas (ASX:QAN) board paid former CEO Alan Joyce $21.4 million as he exited the company, according to the airline’s annual report released Wednesday afternoon. However, the board said it would withhold short-term bonuses until the Australian Competition and Consumer Commission (ACCC) investigation into the airline’s alleged sale of airfares for flights already canceled concludes.

A stronger-than-expected US economy led the Federal Reserve to maintain its key interest rate at a 22-year high on Wednesday, signaling support for further rate hikes this year and fewer rate cuts next year. In doing so, the Fed sent a strong message to the markets and doubters that it doesn’t foresee a recession looming

21 Sep 2023 – Stocks retreated on Wednesday after the Federal Reserve said it would leave interest rates unchanged but indicated another hike on the horizon.

Qantas has been ordered to attend a month of mediation talks with the Transport Workers Union over the illegal sacking of nearly 1700 ground staff in late 2020. Federal Court Justice Michael Lee, on Wednesday, ordered the airline and the union to move into mediation from next week under the guidance of the court’s former

Stocks retreated on Wednesday after the Federal Reserve said it would leave interest rates unchanged but indicated another hike on the horizon. The three major indexes closed at session lows. The S&P 500 dropped 0.94 per cent to 4,402.20. The Nasdaq Composite slid 1.53 per cent to 13,469.13, weighed on by a drop of more

The ASX extended its three-day losing streak, with materials and energy stocks declining, as investors awaited rate decisions from the Bank of England, Bank of Japan, and US Federal Reserve in the next 48 hours, which could significantly impact global markets. At the closing bell, the S&P/ASX 200 was 0.46 per cent lower at 7,163.30.

20 Sep 2023 – Afternoon Update: S&P/ASX 200 falls 0.62% as Energy sector weighs down