Everybody’s travelling and making money, or so it seems. Qantas confirmed it on Tuesday with a forecast of a record profit for the year to June, and on Wednesday online travel services group Webjet added its big turnaround in the year to March 31. Webjet’s performance was probably more stunning than what we saw from […]
WEB strength confirms the return of the jet set Read More »
Shares in Brisbane-based youth-skewing retailer Universal Store (ASX:UNI) took a hammering on Wednesday with a late financial year trading update that left the market very underwhelmed. The shares were down 24% at the close at $3.15 but hit a low of $2.91 in trading after investors had mulled over the details of the update. Yesterday’s
Universal Store performance anything but on-point Read More »
At noon, the S&P/ASX 200 is 0.46 per cent lower at 7,226.50. The SPI futures are pointing to a fall of 28 points. The decline coincided with losses in Wall Street, where the S&P 500 fell by 1.1 per cent, the Nasdaq by 1.3 per cent, and the Dow Jones by 0.7 per cent. The
UBS and Credit Suisse nearing completion of merger: ASX 0.46% lower at noon Read More »
Leo Lithium (ASX:LLL) has announced that further drilling at their Goulamina Lithium Project has delivered thick, high grade mineralisation. MD Simon Hay commented, “With drilling continuing, we remain on track to update the Mineral Resource Estimate in late June and release a reserve upgrade in August.” Shares are trading 2.65 per cent higher at 77.5
Stocks of the Hour: Leo Lithium, Empire Energy, Immutep, Cauldron Energy Read More »
Tuesday saw Westgold (ASX:WGX) announce promising mining results at its WA operations and a new player in the corporate action for Silk Laser (ASX:SLA). ………… Westgold Resources (ASX: WGX) continues to produce good news from old mines in and around the Cue-Meekatharra area of WA’s Murchison region. The company, which revealed earlier this month that
Stock Snippets: WGX, SLA Read More »
Stocks fell Tuesday as ongoing debt ceiling discussions appeared to yield little progress. Some traders interpreted the lack of any major updates on negotiations as a sign that lawmakers, perhaps, are struggling to progress as hoped. Investors have been closely eyeing debt-limit negotiations in Washington, hoping for more certainty as the so-called June 1 X-date
Little progress in debt ceiling talks causes US stocks to fall Read More »
Qantas (ASX:QAN) is forecasting a record underlying pre-tax profit of up to $2.48 billion in the 2023 financial year and has boosted its buyback by $100 million. It is more than $1 billion above the 1.43 billion figure for the December 2022 half year. The new estimate for the year to June 30 is almost
High-flying Qantas predicts record profit for FY23 Read More »
Shares in struggling gold miner St Barbara (ASX:SBM) lost more than 3% in value yesterday afternoon after it said ‘no’ for a third time to a buyout proposal for its Leonora gold assets from the persistent Silver Lake Resources (ASX:SLR). The struggle for ownership of the poorly performing Leonora gold assets of St Barbara has
St. Barbara still playing hard-to-get with Silver Lake Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home ownership. Key pointsBased on a Report by Bernard Salt, Australia’s home ownership rate peaked at 73% in 1966 as the home was then seen as synonymous with wealth and security.Since then, the trend has been down, influenced by a combination of
At the closing bell, the S&P/ASX 200 was 0.05 per cent lower at 7,259.90. Aus shares remained steady with a small intraday increase, mirroring the rise in US futures. This was partially due to optimism about a debt ceiling agreement following productive discussions among lawmakers. Despite the financial sector encountering resistance around 6200, major banks
ASX closes 0.05% lower despite major banks showing strength Read More »
