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Australia’s largest landlords have recently downgraded the values of their office block portfolios, but investors are seeking deeper discounts amid a significant gap between public and private valuations. While publicly traded commercial real estate markets have experienced a sharp decline, the impact on unit prices has not been fully reflected in asset valuations. This has

Telstra (ASX:TLS) has confirmed its decision to cut 472 jobs in an effort to automate operations and better compete with software-based communications firms. The company aims to achieve cost savings of approximately $500 million as part of its T25 strategy, which involves an overhaul of its operations and a review of its workforce. The majority

Santos (ASX:STO) has announced strong financial and operational performance in its second-quarter report for 2023. The company achieved sales revenue of AU$1.3 billion during the quarter, indicating robust sales performance. Additionally, production reached 22.8 million barrels of oil equivalent (mmboe), a significant increase compared to the previous quarter. This growth was primarily driven by higher

BHP (ASX:BHP) has released its operational review for the financial year ended 30 June 2023. The review highlights the company’s production achievements, financial performance, portfolio developments, and commitment to safety and sustainability. This article provides a factual overview of the key points presented in the operational review. Production Achievements During the financial year, BHP achieved

The ASX is showing positive momentum, rising by 0.17 per cent to reach a level of 7,336. The SPI futures are also indicating an upward trend with a gain of 10 points, suggesting a favourable outlook for future trading. Among the sectors, the Financials sector has emerged as the best performer, experiencing a growth of

Dragonfly Biosciences Limited, a prominent UK-based producer of cannabidiol (CBD) supplements and lotions, is making strides towards its IPO on the ASX next month. Regan Saveall, the CEO of Dragonfly Biosciences, expressed enthusiasm about the upcoming IPO, stating, “We are excited to bring Dragonfly Biosciences to the ASX. This IPO will provide us with the

At noon, the S&P/ASX 200 is 0.23 per cent higher at 7,340.50, following the release of a higher-than-anticipated unemployment rate. The unexpected decrease in unemployment, coupled with a downward revision to 3.5% in May, has increased the likelihood of the Reserve Bank of Australia raising interest rates in June. Consequently, the retail and interest rate

NOVONIX (NASDAQ:NVX, ASX:NVX) announced that its Battery Technology Solutions division successfully completed the commissioning of its 10 tonnes per annum cathode pilot line. In response, Dr. Chris Burns, CEO of NOVONIX, noted, “This capability places us in a unique position to serve the nickel-based cathode material market, which we and industry experts believe will require