Incitec Pivot (ASX:IPL) shares fell 10% at one stage yesterday after it revealed a weak performance in its fertilisers business for the six months to March 21. The fertiliser and explosives maker tried to offset the weak result by claiming a “positive earnings skew in the second half” thanks to a better outlook for explosives […]
Incitec slammed after on the nose half-yearly Read More »
Is United Malt Group (ASX:UMG) just going through the motions while it awaits its French bidder to finish due diligence and firm up a $5 a share offer? The company released final interim results for the first half of 2022-23 – they were within the range of the trading update in late April but again
UMG holds still, awaits word from French suitor Read More »
News from the industrials side of the market yesterday with shades-maker Gale Pacific (ASX:GAP) and discount retailer Best and Less (ASX:BST) each disappointing the market.………… Gale Pacific (ASX:GAP) – a maker of blinds, shades and outdoor protection products – has been hit by a combination of the lingering end of La Nina, weakening consumer demand,
Market Morsels: GAP, BST Read More »
According to the Australian Bureau of Statistics, the economy experienced a loss of 4,300 jobs in the previous month, which was contrary to economists’ predictions of gaining 25,000 positions. Moreover, the jobless rate unexpectedly increased to 3.7 per cent, failing to meet the forecast of remaining steady at 3.5 per cent. Additionally, the participation rate
ASX up 0.59% as economy experiences loss of jobs Read More »
At the closing bell, the S&P/ASX 200 was 0.52 per cent higher at 7,236.80. Nufarm (ASX:NUF) rallied 14.2 per cent to $6.05 after announcing a 7 per cent increase in its half-year underlying net profit after tax. Xero (ASX:XRO) jumped 8.9 per cent to $102.49 after reporting a 28 per cent growth in revenue to
High iron ore prices boosts ASX bellwethers: ASX closes 0.52% higher Read More »
At the closing bell, the S&P/ASX 200 was 0.49 per cent lower at 7,199.20. The ASX experienced a second consecutive day of decline, with major banks and mining companies leading the falls across most sectors. This decline is often observed in one of the historically weaker months of the year. The index ended the day
ASX falls 0.49% on second day of losses Read More »
Noble Helium Limited (ASX:NHE) Co-Founder and CEO Justyn Wood discusses the demand for and pricing of helium, the geology of the company’s project in Tanzania, plans for helium transport and outlook. Tim McGowen: We’re talking today with Noble Helium (ASX:NHE), market cap of around $50m. We have with us Justyn Wood, who is the CEO
Fifty times more valuable than LNG: Searching for helium in Tanzania Read More »
At noon, the S&P/ASX 200 is 0.51 per cent lower at 7,198.10, after initially dropping as much as 1 per cent at the opening. Meanwhile, in Wall Street trading, the S&P 500 closed 0.6 per cent lower, the Nasdaq Composite index, which focuses on technology stocks, experienced a 0.2 per cent decline, and the Dow
ASX down 0.51% at noon as Australian wages grow Read More »
Magnis Energy Technologies (ASX:MNS; OTCQX: MNSEF; FSE:U1P) has announced that their lithium ion cell manufacturer iM3NY has entered into a JV Agreement with OSM. iM3NY CEO commented: “This partnership is strategically important for the electrification of the automotive industry in India and the Middle East.” Shares are trading 4.76 per cent lower at 20 cents
Stocks of the Hour: Magnis Energy, QX Res, Rhythm Biosciences, Wildcat Res Read More »
QX Resources Limited (ASX:QXR) Managing Director Steve Promnitz discusses the company’s letter of intent with Liberty Lithium, the advantages of the project, the difference between brine and hard rock lithium, and the timeline ahead. Paul Sanger: We are talking today with QX Resources (ASX:QXR). QXR has a market cap of $32m. We’re talking with their
QX Resources (ASX:QXR) announces letter of intent with Liberty Lithium Read More »
