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Fortescue Metals Group (ASX:FMG) has recently experienced a notable series of leadership changes, as both its CEO, Fiona Hick, and Chief Financial Officer (CFO), Christine Morris, have departed from their roles. Fiona Hick’s departure comes merely six months after her appointment as CEO, following an extensive year-long search. The news of her exit was initially […]

Santos (ASX:STO) agrees to an initial sale of 2.6 per cent of PNG LNG to Kumul and an option for Kumul to acquire a further 2.4 per cent. In response, Managing Director and CEO Kevin Gallagher said, “PNG LNG is a low-cost and low emissions intensity asset that contributes strong cash flows to the project

Gold Road Resources (ASX:GOR), a mining company with a significant stake in the Gruyere gold mine in WA, along with shareholdings in De Grey Mining and Yandal Resources, has announced a 20% increase in its interim dividend after revealing impressive financial results for the six months ending on June 30. The company witnessed a 16%

Perseus Mining (ASX:PRU), an African-focused gold producer, celebrates a remarkable year ending June 30, as the company reports record revenue and earnings for the 12-month period, along with an increased dividend. The positive trend is expected to continue through the upcoming December half-year. For the fiscal year, the group announced a net profit after tax

Global dividends achieved a historic milestone in the second quarter, propelled by major banks, particularly in Europe, which accounted for half of the growth, offsetting lackluster returns from mining giants such as BHP, Rio Tinto, and Glencore. According to the latest edition of the Janus Henderson Global Dividend Index, dividend payouts in the second quarter

The competition and consumer regulator is pursuing unprecedented penalties exceeding $250 million against Qantas, accusing the airline of selling tickets for cancelled “ghost flights” as part of a campaign to intimidate businesses that deceive customers. Australian Competition and Consumer Commission (ACCC) Chairwoman, Gina Cass-Gottlieb, stated on ABC Radio National that this should set a new

In July, new loan commitments for housing in Australia experienced a decline of 1.2%, as reported by the Australian Bureau of Statistics. The decrease was more pronounced in owner-occupied loans, which fell by 1.9%, while investor loans saw a slight decrease of 0.1%. On the other hand, personal credit demand saw a notable increase of

As the week unfolded, China faced a series of critical challenges that reverberated through its financial and real estate sectors. The largest remaining property player, Country Garden, delivered a jolt to markets with a record first-half loss of almost $7 billion USD ($11 billion AUD) and a stark warning of its potential inability to meet

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses capital expenditure across private firms. Key points:Australian capital expenditure (or business investment) across private firms rose by a stronger than expected 2.8% in the June quarter (in volume terms), with the previous quarter revised up to 3.7%qoq (from 2.4%). This leaves it

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home price growth. Key points:CoreLogic data showed national average home prices rose 0.8% in August, up slightly from 0.7% in July, their sixth monthly rise in a row. They are now up 4.9% from their February low.Monthly gains are down from 1.2%