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On Thursday, China’s economic concerns and the surge in US bond yields triggered a slide in markets across Asia, pushing some to their lowest points in nine months. The ongoing decline of Wall Street and the significant increase in US bond yields collided with escalating worries about China’s economy, its struggling real estate sector, and […]

At the closing bell, the S&P/ASX 200 was 0.68 per cent lower at 7,146.00. This decline was in line with a subdued sentiment in Asian markets due to apprehensions about China’s deteriorating economy and a less-than-adequate reaction from Beijing. The primary index was mainly dragged down by the industrials and healthcare sectors. On a positive

Beacon Lighting (ASX:BLX) is not letting the 2022-23 performance slide hold it back from continuing its expansion program. The company states that it still intends to open an additional eight stores in this financial year to supplement its current 119-store portfolio. Some of these openings were postponed from the 2022-23 year. This determination remains in

At noon, the S&P/ASX 200 is 1.18 per cent lower at 7,110.30. Australia’s unemployment rate has risen to 3.7 per cent in July. The workforce experienced a reduction of approximately 15,000 individuals in employment, coupled with a rise of 36,000 individuals in the unemployed category. This resulted in an elevation of the unemployment rate to

Super Retail Group (ASX:SUL) has announced a special dividend of 25 cents per share alongside a final dividend of 44 cents, following the company’s report of increased sales and earnings for the year ending on July 1. SUL experienced a 7% surge in sales, reaching $3.8 billion, with a 9% increase when adjusted to account

Summit Minerals (ASX:SUM) announced that lithium-bearing minerals have been detected over 100 targets at the Castor Lithium Project in the prolific James Bay area, Quebec, Canada. Once access to the property is approved, Summit will conduct helicopter-supported property traverses to map and collect rock chips from the pegmatite occurrences and the interpreted Sentinel and SAR

Evolution Mining (ASX:EVN), a prominent gold mining company, has announced a reduction in its final dividend to 2 cents per share, down from 3 cents in the previous year. This decision follows a decline in earnings reported for the fiscal year ending on June 30. During this period, the company disclosed a statutory net profit

Kerry Stokes’ conglomerate, Seven Group Holdings (ASX:SVW), can attribute its robust revenue and earnings growth of over 20% to the stellar performance of its industrial entities, namely WesTrac, Coates, and Boral, during the fiscal year ending on June 30. The outcome notably reflects the substantial contribution of nearly a full year’s performance from Boral, of

Telstra (ASX:TLS) announced a significant 13% increase in net profit, amounting to $2.1 billion, for the fiscal year ending on June 30. Shareholders will witness a 3% rise in the full-year payout, reflecting a portion of this improvement. The rise in earnings surpassed the 5.4% growth in revenue, which reached $23.2 billion for the year,