Harvey Norman (ASX:HVN) saw a 2.6% increase in its shares on Thursday as investors breathed a sigh of relief that the 2022-23 financial results were not as dire as anticipated by the market. The company’s shares experienced a boost amid market digestion of a 33% decline in profit, coupled with a 3.8% fall in revenue. […]
Harvey Norman shares rise despite decline in 2022-23 results Read More »
The Nasdaq Composite registered a fifth consecutive winning day, but still suffered its worst monthly loss of 2023. The tech-heavy index added 0.11 per cent to end Thursday’s session at 14,034.97. The Dow Jones Industrial Average slipped 168.33 points, or 0.48 per cent, to end at 34,721.91. The S&P 500 ticked down 0.16 per cent
Nasdaq suffers worst month of 2023 Read More »
The sharemarket initially traded without much change, but later in the session, it made a small recovery, allowing it to finish the day with a slight gain for the fourth day in a row. The S&P/ASX 200 index increased by 7.6 points or 0.1%, reaching a closing value of 7305.3. The broader All Ordinaries index
ASX closes 0.1% higher: August records loss of 1.4% Read More »
In the wake of significant writedowns on the value of its nickel assets acquired through the expensive Western Areas takeover, IGO (ASX:IGO) is poised to alleviate any distress for its shareholders. The company is set to deliver a remarkable final payout, including a bonus payment derived from its successful lithium ventures. IGO’s pivot to lithium
IGO’s record lithium-derived payout cushions impact of nickel asset writedowns Read More »
The Australian Competition and Consumer Commission (ACCC) has initiated legal proceedings against Qantas (ASX:QAN) in the Federal Court, alleging violations of consumer protection laws related to its handling of cancelled flights and lack of communication with affected passengers. According to the consumer and competition regulator, Qantas sold tickets on its website for over 8,000 domestic
Healthia (ASX:HLA) entered into a Scheme Implementation Deed with Pacific Equity Partners, to acquire 100% of the fully diluted share capital in Healthia for $1.80 per share. In response, Chairman, Dr Glen Richards, said “In the Healthia Board’s view, the all-cash price at a significant premium to Healthia’s recent share price reflects the inherent value
Stocks of the Hour: Healthia, Prominence Energy, Dreadnought Resources Read More »
China’s non-manufacturing PMI, which relates to the services and construction sectors, has experienced a decline of 0.5 points, reaching a value of 51.0. This marks the fifth consecutive monthly decrease, in contrast to the reading of 51.5 observed in July. At noon, the S&P/ASX 200 is 0.01 per cent higher at 7,298.30. The SPI futures
ASX up 0.01% at noon: China’s non-manufacturing PMI declines by 0.5 points Read More »
Flight Centre (ASX:FLT) shares experienced a nearly 3% decline at one point yesterday, despite the company unveiling a better-than-expected performance for 2022-23 as travel rebounded to pre-pandemic levels across most markets in Australia and internationally. Even the distribution of the first dividend payment to shareholders in four years failed to enthuse investors, although this may
Flight Centre dips despite strong 2022-23 results Read More »
Chalice Mining (ASX:CHN) witnessed a 25% drop in shares on Wednesday as short-term investors and speculators reacted to the initial cost estimates of the Gonneville critical minerals project near Perth, ranging from $1.6 billion to $2.3 billion. Additionally, concerns arose regarding the scoping study’s overly optimistic assumptions about metal prices. Whether due to these factors
Chalice Mining shares tumble 25% amid concerns over multi-billion dollar project costs Read More »
July’s inflation data showcased significant differences between the headline rate and the core reading, leading to contrasting market reactions as both figures experienced declines. While the headline rate’s drop was pronounced, the minor dip in the core measurement garnered less attention. The market focused on the more substantial decline in the headline rate, which fell
Divergent inflation trends emerge in July data Read More »
