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Shares of Lendlease, the renowned property group, tumbled just under 5% following the company’s announcement to cut 10% of its global workforce, with the most significant reductions expected in offshore markets. This unexpected move has raised concerns among investors about future earnings and the impact on the company’s performance. Lendlease has been actively restructuring its

Aurizon (ASX:AZJ), the leading integrated rail provider in Australia, unveiled its progress and growth opportunities during an Investor Day event held in Darwin. The presentation highlighted the company’s strategic execution, business performance, and its potential for expansion in the Bulk and Containerised Freight markets. Aurizon provided insights into its earnings outlook for FY2023 and FY2024.

Renowned gloves maker Ansell (ASX:ANN) has issued another warning about an earnings slowdown, attributing it to a surplus of unsold products resulting from the COVID-19 pandemic. The excess inventory, including gloves and surgical items, has prompted distributors to reduce their orders, impacting Ansell’s business. The oversupply issue has also affected Ansell’s division that manufactures protective gear

The Dow Jones Industrial Average closed higher overnight as traders digested better-than-expected corporate earnings. The Dow added 366.58 points, or 1.06 per cent, to close at 34,951.93. The Nasdaq Composite climbed 0.76 per cent to finish the session at 14,353.64, while the S&P 500 gained 0.71 per cent to end at 4,554.98. The Dow notched

At the closing bell, the S&P/ASX 200 was 0.2 per cent lower at 7,283.80, marking the second consecutive day of losses. While banks saw some gains, the mining and real estate sectors faced selling pressure. Ansell (ASX:ANN), a prominent rubber gloves manufacturer, experienced a significant drop of 14% due to concerns about rising costs impacting

Dr Shane Oliver, Chief Economist at AMP, discusses the impact of interest rates and alternatives for fighting inflation. Stephen Mackinder: We’re joined today by Dr Shane Oliver, who is Head of Investment Strategy and Chief Economist at AMP. Shane has been described as economist extraordinaire, commentator, educator, entertainer, optimist, and Beach Boys fan. Shane has

The recent surge in profits for some of the largest banks in the US may have temporarily overshadowed the banking crisis earlier this year. However, as regional banks prepare to report their earnings this week, reminders of the challenging landscape are emerging and could steal the spotlight. On Friday, JPMorgan Chase and Wells Fargo announced

The Reserve Bank released minutes from its July 6 policy meeting, indicating the possibility of further rate increases depending on upcoming data, including inflation figures to be reported on July 26. The bank emphasised the need to bring inflation back to target but acknowledged the time required for the economy and labour market to adjust