Resumption of Normal Life No Boon for Kogan
Shares in e-commerce firm Kogan.com were crunched on Friday as it joined the growing number of companies reporting weak or weakening sales and earnings figures for the March quarter.
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Relief Rally Sees AMP Bounce off Record Lows
AMP shares bounced in early trading on Friday after investors took heart that the mooted deal with US investor group, Ares had finally fallen over.
Read MoreArchegos, Greensill the Gifts that Keep on Taking for CS
Credit Suisse has been forced to raise more than $US2 billion in new capital to strengthen its balance sheet after warning of more losses from the Archegos and Greensill debacles.
Read MoreBrambles on Track to Meet Full-Year Forecast
Shares in global logistic giant Brambles traded higher yesterday after a strong third quarter update saw it on track to meet full-year guidance.
Read MoreSEC Tightens the Screws on SPACs
A single proposed accounting rule change by the US Securities and Exchange Commission will make sure that SPACs are no longer so easily derived.
Read MoreSantos, Woodside Bubbling Along Nicely
The rise in oil and LNG prices helped Woodside and Santos improve revenues for the March quarter and the outlook for both remains buoyant under the current conditions.
Read MoreRed Ink, Bubble Bursts for Local E-tailer
Shares in online retail and art marketplace Redbubble slumped more than 22% after the company reported a number of “key misses” in a third-quarter trading update.
Read MoreAPRA Policy Set to Elevate Climate Change
A major policy proposal from APRA will see insurers and superannuation funds elevate the impact of climate change to rank alongside credit risk, underwriting risk and liquidity risk.
Read MoreAMP the Little Aussie Bleeder
Shares in AMP hit a new all-time low on Thursday after it reported more outflows in the March quarter from its shrinking wealth and asset management businesses.
Read MoreAGL CEO Steps Down Unexpectedly
In a surprise move, AGL Energy CEO Brett Redman has resigned with immediate effect after just two-and-a-half years in charge of the country’s biggest energy utility.
Read MoreAPI Stuns Market with 30% Earnings Drop
Priceline chemist chain operator Australian Pharmaceutical Industries surprised on Thursday with a 30% slide in interim profit thanks to the impact of COVID shutdowns.
Read MoreAussie Bank Results Loom Large on the Horizon
The interim earnings releases for Westpac, NAB and ANZ are now around two weeks away and analysts have started rubbing their crystal balls, with Westpac for some the one to watch.
Read MoreRetail Rebounds, but Uncertainty Prevails
Retail sales recovered in March, but while the 1.4% rise was slightly better than expected and more than made up for the slide in February, the longer-term trend remains cloudy.
Read MoreAre Travel Agents on the Way Back?
Two updates yesterday from mid-level operators Helloworld and Corporate Travel Management suggest a rising degree of optimism about the future for the travel industry.
Read MoreBHP Ore Shipments Hold Up Despite Challenging Conditions
BHP had solid ore sales from its mines in Western Australia in the three months to March 31 as wet weather and maintenance impacted output and exports.
Read MoreNuix Hammered after Disappointing Guidance
Investors on Wednesday sold off Nuix shares after the company said it will not meet the business forecasts set out in its IPO documents issued last December.
Read MoreNetflix Result Gets Thumbs Down from the Street
Netflix disappointed investors again with subscriber numbers falling short of its own forecasts, but the market ignored the company’s best quarterly financial performance in its history.
Read MoreRio Sees Solid Quarterly Lift in Ore Shipments
Rio Tinto lifted its shipments of iron ore during the March quarter, thanks to solid demand from China and recovering demand from Japan, South Korea and other markets.
Read MoreWoolies Takes Control of Quantium
Woolworths has tightened its control of retail data analytics firm Quantium and will use the controlling stake in the start-up to build a completely separate division.
Read MoreChallenger Comes up Short Despite Growth Spurt
Challenger’s investors didn’t seem to like the figures in the financial group’s third quarter update, despite it looking good on paper with further growth across the business.
Read MoreBNPL Giant Has Stars and Stripes in its Eyes
In its third quarter update, BNPL group Afterpay confirmed media reports earlier in the year that it was looking at a US market listing in the not-too-distant future.
Read MoreInstos Front Up $500m for Seven
Seven Group said on Tuesday that it had raised $500 million from institutional investors with strong support from domestic and international investors at $22.50 per new share.
Read MoreInvestors Log Off from Temple & Webster
Shares in Temple & Webster fell at the opening yesterday, losing more than 5% as investors took a first glance at a third quarter trading update and gave it a quick thumbs down.
Read MoreShipping Problems Undermine Lynas
The market took a set against rare earths miner Lynas yesterday after its third quarter report revealed a slide in sales because of problems shipping its products.
Read MoreUS Hedge Fund Proposes Packer Crown Buyout
James Packer has been offered a way to exit the troubled Crown Resorts share register in a painless fashion for him, but what about the rest of the Crown share register?
Read MoreCenturia and Primewest: A merger of equals
Centuria Capital and Primewest announced a $15.5 billion merger that will lift Centuria into the ASX200 and allow it to expand into the lucrative agricultural property sector.
Read MoreStokes Hops on the Money-Go-Round
Rupert Murdoch’s News Corp recently raised more than $A1.3 billion and now Kerry Stokes wants half a billion dollars for his Seven Group Holdings master company to reduce debt.
Read MoreOrocobre, Galaxy to Join Forces
Australian lithium producers Orocobre and Galaxy Resources will merge in an all-paper $4 billion transaction to create what they claim will be the 5th largest producer of the key commodity.
Read MoreBaby Steps in the Right Direction for GPT
Soft applause from investors for the first earnings and distribution guidance for a year from GPT as it emerges from the shadow of uncertainty caused by Covid and the lockdowns.
Read MoreSims Climbs up off the Scrap Heap
Shares in scrap metal giant Sims Ltd hit a two year high of $16.90 and closed up more than 8% after the company upgraded its June 30 earnings forecasts.
Read MoreCommodities Corner: Strong Week Across the Board
Optimism all around for commodities as they closed the week with good gains, thanks in a large part to a weakening dollar.
Read MoreOre Restrictions Do Little to Slow Chinese Steel Output
Amid rising government pressure to curb pollution, China’s crude steel output surged in March and the first three months of the year from the Covid-hit first quarter of 2020.
Read MoreMonday Market Minutes: Record Wall St Session Sets Positive Tone
The ASX is looking for a solid start today after another series of record closes on Wall Street on Friday, with futures trading on Friday indicating a 37-point rise for the start of trading later this morning.
Read MoreEarnings Round-Up: Netflix the Headline Act this Week
The US March quarter earnings season starts its busiest two weeks with Netflix’s report Tuesday expected to dominate, along with figures from key airlines, some techs and oil services groups.
Read MoreDiary: PMI Surveys, Local Miners in Focus
A busy week for data, US quarterly reports and local mining companies, with the chance for more records for stockmarkets as the flood of stimulus spending keeps the markets buoyant.
Read MoreChinese Quarterly Growth Data Underwhelms
As expected China’s March quarter economic growth boomed – mostly due to a comparison with the sharp fall in the March quarter of 2020.
Read MoreUS Bank Results a Bit of a Mixed Bag
Despite solid gains on Wall Street and analyst enthusiasm for the March quarter results from four of America’s six major banks, the quality was variable.
Read MoreWhitehaven No Haven At All
Shares in Whitehaven Coal slumped more than 14% on Thursday after it revealed another downgrade to its sales estimates for the year to June 30.
Read MoreLabour Data Shows Record Job Numbers
The March labour force data was strong but we won’t get a true picture of the health of the jobs market post JobKeeper until this time in May and then in June.
Read MoreRetail Arm Turnaround Puts BOQ Back on Track
Interim dividends are back at Bank of Queensland after first-half profits rose 9% to $165 million, led by a turnaround in its retail banking arm.
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