Shareholders of rail group Aurizon (ASX:AZJ) are facing yet another year of reduced dividends, with a lower final and full-year payout as the company grappled with weak earnings at the end of the financial year. The company reported a substantial 30% slump in underlying net after-tax profit, which stood at $367 million. In comparison, the […]
Aurizon dividends shrink Read More »
A nearly 25% reduction in the size of its final dividend revealed the true story behind JB Hi-Fi’s (ASX:JBH) annual results released on Monday, shedding light on the challenges Australia’s largest home entertainment retailer faces. While some reports focused on the company’s claim of increased market share for the year ending in June, the significant
JB Hi-Fi hit by 25% reduction in dividend Read More »
Talon Energy (ASX:TPD) announced that they will be acquired by Strike Energy (ASX:STX) for A$0.212 per Talon share. Shares are trading 12.86 per cent higher at 19.75 cents. MetalsGrove Mining (ASX:MGA) has confirmed high-grade Rare Earth Element (REE) carbonatite mineralisation at their Bruce Prospect in NT. In response, MD, Sean Sivasamy said: “These results demonstrate
Stocks of the Hour: Talon Energy, MetalsGrove Mining, Arizona Lithium Read More »
As expected, the decline of the Covid-19 boom has continued to adversely affect the performance of the protective wear group, Ansell (ASX:ANN), during the 2022-23 period. However, the management is optimistic about improving conditions on the horizon. Nonetheless, the upcoming fiscal year, 2023-24, appears to be marked by an extensive and ambitious transformation program, which
Ansell optimistic despite challenges Read More »
The Panama Canal, which connects the Atlantic Ocean with the Pacific Ocean and divides North and South America, is grappling with an unprecedented traffic jam as the number of vessels waiting to cross has surged to a staggering 154. The congestion has been triggered by ongoing drought conditions that have plagued the major shipping gateway
Massive backlog of vessels at Panama Canal as drought causes congestion Read More »
14 Aug 2023 – The Nasdaq Composite ended Friday lower and notched its second consecutive losing week in 2023 as semiconductor stocks languished.
Selloff in semiconductor stocks causes Nasdaq to slip Read More »
The Nasdaq Composite ended Friday lower and notched its second consecutive losing week in 2023 as semiconductor stocks languished. The tech-heavy Nasdaq slid about 0.6 per cent to end at 13,644.85, pulled down by a selloff in semiconductor stocks such as Advanced Micro Devices, Nvidia and Micron. The VanEck Semiconductor ETF (SMH) ended the week
Selloff in semiconductor stocks causes Nasdaq to slip Read More »
Commodities are poised to undergo another round of scrutiny driven by China’s economic data, marking a second week of potential challenges. The forthcoming final reports on retail sales, employment, investment, and production, coupled with updates on the ailing property sector, are highly anticipated. The backdrop of last week’s startling declines in exports, imports, and deflation
Commodities brace for second week of scrutiny with Chinese economic data Read More »
China’s economic landscape has raised alarms for a second consecutive week, prompted by last week’s dismal trade data and confirmation of a slide into deflation. This led to a more than 3% drop in Chinese shares, marking the worst performance among major economies’ markets. The question now is whether this week will witness a recurrence
Concerns rise for China’s economy: Weak trade data and property woes loom large Read More »
On Friday, the highly awaited annual results from the lithium group, Allkem (ASX:AKE), will be released, providing insights into the anticipated merger with Livent. Livent reported its results last week, revealing that its second-quarter profit had decreased from the first three months of the year but was significantly higher compared to the same period in
Allkem’s merger and project updates Read More »
