Uncategorized

European natural gas prices surged by nearly 40% on Wednesday, driven by concerns over potential disruptions in global liquefied natural gas (LNG) supply from Australia. Prices on the Title Transfer Facility, the European benchmark, soared to over €43 per megawatt hour, a significant increase from the previous day’s nearly €30, marking the highest level since […]

In a retail landscape where companies like Kogan.com (ASX:KGN) and the online divisions of traditional retailers such as Myer (ASX:MYR) and Kmart are grappling with declining sales due to the resurgence of in-store shopping, Cettire (ASX:CTT), an online luxury goods group, stands out by not only weathering the storm but thriving and raking in substantial

Shareholders of Downer EDI (ASX:DOW) received disappointing news on Thursday, a week after management provided a glimpse into the company’s disappointing performance and losses during the 2022-23 financial year. The company announced a reduction in its final dividend to 8 cents per share, down from the 12 cents paid in the latter half of 2021-22.

At noon, the S&P/ASX 200 is 0.01 per cent lower at 7,337.10. The energy sector is outperforming other sectors, driven by a 2.8% increase in Santos (ASX: STO) and a 1.6% rise in Woodside (ASX: WPL). Conversely, the tech sector has faced a decline of 1.4%, with prominent player Xero (ASX: XRO) experiencing the largest

MPower Group (ASX:MPR) announced that the acquisition accounting for the purchase of the Lakeland Solar & Storage Project has been completed, resulting in a profit of $6.1 million being recognised. In response, CEO Nathan Wise, commented: “An uplift of this magnitude is a testament to the value that MPower can create in a short period

Amid a surge in catastrophe costs during the first half of 2023, insurance titan QBE (ASX:QBE) demonstrated resilience, driven by robust investment returns and a substantial rise in premium income. This strength allowed the company to provide shareholders with a significantly higher interim dividend. QBE’s impressive investment returns, coupled with a sharp increase in premium

AGL Energy (ASX:AGL), a prominent player in the energy sector, faced a significant financial setback in the fiscal year ending on June 30, largely attributed to the anticipated write-downs on its coal power generating assets. The company disclosed a substantial statutory loss of $1.264 billion in its annual results announced on Thursday. However, the energy

In a significant return to profitability for the year ending on June 30, building products conglomerate Boral (ASX:BLD) has decided to withhold dividends, a move that holds no major concern as the entity is now under the control of Kerry Stokes’ Seven Group Holdings. With nearly 70% ownership by Seven Group Holdings, the absence of