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Afternoon update: ASX up 0.14% as James Hardie records all-time high profit margins

The S&P/ASX 200 index is trading 0.14 per cent higher at 7,319.60. Moving on to futures, the SPI futures are up 14 points, indicating a promising session ahead. Let’s take a look at the best and worst performers today. Health Care is leading the way, up 0.51 per cent, while Consumer Staples is struggling, down […]

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NAB business survey reveals uptick in inflation-related measures

In something of a surprise, the National Australia Bank’s (ASX:NAB) latest monthly business survey not only confirmed continuing resilience in business conditions and confidence but also highlighted an uptick in what it called “inflation-related measures.” The NAB economics team says that uptick challenges “expectations that the economy would continue to cool as 2023 wears on.”

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Consumer confidence declines despite stable cash rate, ANZ-Roy Morgan survey reveals

In a recent ANZ-Roy Morgan survey, consumer confidence took a hit, declining by 3.4 percentage points to 75 last week. This drop occurred even as the Reserve Bank of Australia decided to keep the cash rate on hold. The persistently weak confidence levels, remaining below 80 points, have now endured for an unprecedented 23 consecutive

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Berkshire Hathaway achieves record high following strong Q2 earnings report

Berkshire Hathaway has experienced a significant surge to a record high in the wake of its Saturday earnings report, which showcased an operating profit for the second quarter surpassing Wall Street’s expectations. The Class B shares of Buffett’s conglomerate, which comprises railroad, utility, energy, and insurance companies, soared by 3.6 percent, reaching $US362.58 at the

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Myer upgrades profit expectations for FY2023 amid strong sales growth

In its latest trading update, Australian department store chain Myer (ASX:MYR) has raised its profit expectations by an impressive 15 to 21 per cent for the financial year 2023. The updated profit forecast now ranges between $69 million and $73 million, reflecting the company’s robust performance in the current financial year. Myer reported a significant

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Empire executes initial agreement with APA Group

Empire Energy Group (ASX:EEG) has taken a significant step forward in advancing its gas transportation services by entering into an initial agreement with APA Group (ASX:APA), Australia’s leading energy infrastructure business. The agreement aims to establish exclusive midstream gas infrastructure early works and proposed long-form agreements, furthering the memorandum of understanding as announced by Empire

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