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Nine Entertainment (ASX:NEC) has become the latest addition to the growing list of companies reducing their dividends during this June 30 reporting season. This move follows a decrease in full-year revenue and earnings due to challenges faced by the TV, radio, and newspaper advertising markets in the latter half of the year. The final dividend […]

In the world of retail, divergent outcomes are evident between The Reject Shop (ASX:TRS) and Lovisa, showcasing distinctive retail strategies. On one end, The Reject Shop, renowned for its discount variety offerings, has sprung a surprise by reinstating dividends and planning a $10 million share buyback, buoyed by improved sales and profit figures. After a

On Thursday, the ASX the S&P/ASX 200 closed 0.47 per cent higher at 7,182.10. The market experienced a significant surge due to a powerful rally in the information technology sector. This rally was driven by impressive performance results from Nvidia, a major player on the US Nasdaq index. Futures The Dow Jones futures are pointing

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses China’s slowdown and the implications for Australia Key PointsChina’s economy is slowing not helped by a property collapse and longer-term structural constraints around poor demographics and threats to productivity growth.China needs to save less and spend more, and this requires significant fiscal

The S&P/ASX 200 is trading 0.54 per cent higher at 7,187.00. Futures The SPI futures are up 43 points. Best and worst performers The best-performing sector is Information Technology, up 4.6 per cent. The worst-performing sector is Consumer Staples, down 1.16 per cent. The best-performing large cap is WiseTech Global (ASX:WTC), trading 9.04 per cent

Oil prices experienced a fourth consecutive day of decline due to a positive shift in supply prospects, impacting a market dealing with weak demand from major importers. The price of West Texas Intermediate hovered around $79 per barrel following a 1.8% decrease in the previous day’s trading. The Biden administration is engaged in discussions with

Black Mountain Energy (ASX:BME) has sold its Half Moon Prospect for A$10.7m to Tap Rock Resources III. Commenting on this announcement, Executive Chairman Rhett Bennett, said: “Funds will be used to progress the Company’s flagship project in the Canning Basin, which has the potential to be an incredibly large resource.” Shares are trading 33.33 per

An anticipated accounting cleanup has resulted in South32 (ASX:S32) reporting a loss for the fiscal year ending on June 30. However, despite this loss, shareholders are set to receive a reduced dividend along with an additional $US50 million through the ongoing buyback program. The annual net loss for South32 was primarily influenced by a $US1.3-billion

Qantas has unveiled a remarkable pre-tax profit of $2.5 billion, setting a new record for CEO Alan Joyce’s final year at the helm of Australia’s largest airline. Following a significant recovery from a $860 million loss in 2021-22, the airline’s after-tax earnings surged to $1.74 billion, also marking a historic achievement. The anticipation of such

In the face of declining global coal prices, particularly thermal coal, the fiscal year 2022-23 stands as Whitehaven Coal’s (ASX:WHC) pinnacle, as the company reported unprecedented earnings in its recent Thursday announcement. Whitehaven Coal confirmed a record net profit after tax of $2.7 billion for the period ending on June 30, marking a notable 37%