Global logistics software firm, WiseTech Global (ASX:WTC), has emerged as a unique stock in the market, embodying both tech-style growth and shareholder value, in addition to robust gains on the stock market. WiseTech shares have surged by over 76% in the current year, up until the close of Tuesday’s trading, and the 31% increase in […]
WiseTech Global: A rare blend of growth and value, yet challenges ahead Read More »
At noon, the S&P/ASX 200 is 0.69 per cent higher at 7,170.90, primarily driven by positive earnings results from Woolworths (ASX:WOW) and Domino’s Pizza (ASX:DMP). Woolworths, the supermarket chain, saw its shares rise by 4.7% as it reported a 4.6% increase in annual profits, reaching $1.62 billion. Domino’s Pizza followed as the second-strongest performer, with
ASX up 0.7% at noon as more earnings are released Read More »
Macy’s, the largest department store chain in the United States, has posted a second-quarter loss that highlights a discrepancy with the recent positive earnings and profit margin increases reported by other retail giants like Walmart. While Walmart and discount chains such as TJX Cos and Ross Stores celebrated short-term successes, Macy’s loss underscores the prevailing
Macy’s reports second quarter loss Read More »
Mineral sands producer Iluka Ltd has made a significant cut to its interim dividend, offering just 3 cents per share for the six months ending June 30. This stands in stark contrast to the 25 cents per share dividend paid for the same period in 2022. The decision comes in response to a decline in
Iluka reduces dividend amidst revenue and earnings slump Read More »
Buried within the multitude of reports on June 30, a standout result emerged that is poised to be one of the most notable achievements of the 2022-23 financial year. This achievement doesn’t hail from a tech, retail, financial, or mining/resource conglomerate – it originates from an unassuming transport company that has contended with the unpredictability
Impressive turnaround in profits for K&S Corp in FY2023 despite challenges Read More »
Domino’s Pizza (ASX:DMP) shareholders are set to experience a 30% reduction in their final dividend as the once high-flying fast-food group faced a significant setback in the fiscal year ending June 30. Despite a modest uptick of 2.2% in sales to $2.37 billion, EBIT plummeted by over 23% to $201.7 million, and after-tax statutory profit
Dominos Pizza faces dividend cut as profits slide in challenging year Read More »
Big shareholders in the lithium and nickel exploration company Azure Minerals (ASX:AZS) swiftly recognised the value of investing $2.40 per share in a $120 million placement, a superior choice compared to accepting 42.31 per share from SQM, the world’s second-largest lithium player. It’s worth noting that SQM holds a 19.9% stake in Azure, and it
Investors opt for Azure Minerals’ placement over SQM’s offer in lithium exploration Read More »
Woolworths (ASX:WOW) shareholders are set to benefit from a 13% increase in the full-year dividend as the supermarket giant disclosed robust growth in revenue and earnings for the year ending June 25. The retailer reported a 5.7% rise in revenue to $64.3 billion for the 2022-23 fiscal year. This increase trailed the 6% rise in
Woolworths boosts full year dividend by 13% on solid revenue and earnings growth Read More »
Following Moody’s and Fitch, S&P Global has joined the ranks of ratings agencies expressing concerns about the US banking sector. This comes in the wake of Moody’s warning or downgrading the ratings of 27 US banks and Fitch’s reminder of its downgrade in June of the sector’s operating environment. S&P Global’s move involved cutting or
US banking sector faces downgrades and challenges as ratings agencies express concerns Read More »
Ebos (ASX:EBO), a leading healthcare and animal products group operating across Australia and New Zealand, has reported a surge in both revenue and earnings, leading to a new record for the 12 months ending June 30. The company has raised its annual dividend by 14% in light of this impressive performance. Revenue exhibited a 14%
Ebos achieves record revenue and profit, increases annual dividend by 14% Read More »
