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Westpac’s chief economist, Luci Ellis, has indicated that the higher-than-expected September quarterly inflation figures will likely cause the Reserve Bank of Australia to hold interest rates steady in the upcoming meeting. This decision delays the prospect of rate reductions, potentially pushing them further into next year, or even 2025. Westpac is one of Australia’s largest […]

Data#3 shares experienced a surge of 5.8 per cent in morning trade following an updated profit guidance. According to Morgans analyst Nick Harris, Data#3 has projected a first-half profit before tax of $32 to $34 million. This figure modestly surpasses analyst forecasts, with the midpoint reflecting a 1 per cent increase compared to the previous

Australian shares dropped following the release of higher-than-expected CPI figures. Core inflation edged up to 1 per cent in the third quarter, surpassing forecasts. Meanwhile, several of the nation’s largest construction firms, including Hutchies, Richard Crookes, BuildCorp, and Kane, have reported improved full-year earnings, signalling a return to pre-downturn profit levels. In retail news, Woolworths

ANZ’s economics team has reaffirmed its prediction that the Reserve Bank of Australia (RBA) will refrain from further interest rate cuts at its upcoming meeting next week. This forecast follows the release of the latest quarterly inflation data. ANZ is one of Australia’s largest banks, providing a range of financial services to retail, commercial, and

Scorpion Minerals Limited (ASX:SCN), an Australian mineral exploration and resource development company focused on discovering world-class deposits, has announced encouraging results from its Reverse Circulation (RC) drilling program at the Pharos Gold Project in Western Australia. Assay results from July drilling confirmed significant gold mineralisation near the surface at the Cap Lamp prospect, including intercepts

Elixir Energy Limited (ASX: EXR) has provided an update on its operations in the Taroom Trough and greater Surat-Bowen Basin in Queensland. Elixir Energy is an Australian oil and gas exploration and development company, focused on unlocking the potential of unconventional gas resources. The company holds a significant acreage position in Queensland’s Taroom Trough. The

Atlas Iron, a subsidiary of Gina Rinehart’s Hancock Prospecting, reported a 41 per cent decrease in full-year profit, attributing the downturn to cyclonic weather and lower iron ore prices. The West Australian company posted a net profit of $260 million for the 2024-25 financial year, a significant drop from the $440 million recorded in the