Lunch Report: Aussie shares snap 3-day winning streak
The Australian sharemarket is under pressure on Thursday following a pullback in mining stocks, a handful of companies trading ex-dividend and a busy day for earnings.
Read MoreThe Australian sharemarket is under pressure on Thursday following a pullback in mining stocks, a handful of companies trading ex-dividend and a busy day for earnings.
Read MorePlato’s Dr Peter Gardner breaks down the potential tax benefits for shareholders of the off-market buyback announced today by local retail giant Woolworths.
Read MoreASX200 down 47 points (0.6%) to 7484. Saint Barbara (-3%); FY loss $ 176.6m vs profit $128m last year. Took an impairment loss of $349m and reported weaker gold output.
Read MoreThe Dow Jones index rose by 39 points or 0.1%. The S&P 500 index rose by 0.2% to record highs. And the Nasdaq index added 22 points or 0.2%, also closing at a record high.
Read MoreAPA Group has reported a 99 per cent drop in statutory profit in the year to June thanks to the $250 million write-down at the Orbost gas plant in Victoria, as well as other charges.
Read MoreGold glitters, lithium has lustre, and aluminium an allure but the blue collar metal known in certain circles for containing food and soldering circuitry is shining brightest. Right now, tin is in.
Read MoreThe takeover of Saracen and the reuniting of the Super Pit near Kalgoorlie under one owner paid off for Northern Star Resources in the year to June 30, with record earnings and a new dividend policy.
Read MoreResults from three key tech stocks – Afterpay, Zip Co – and Wisetech Global tell an interesting story about the future of the space in Australia once Afterpay is no more.
Read MoreKerry Stokes is retiring as the chairman of his majority-owned Seven Group Holdings after the company turned in a solid result, and the market didn’t particularly like the news.
Read MoreWhen taking a pragmatic approach, value can be found right across the market spectrum – even in big tech – by identifying resilient businesses that are cheap relative to their growth profile and peers.
Read MoreThe strong relative performance of growth stocks in recent years has given rise to concerns about overvaluation and a potential re-run of the dotcom bubble twenty years ago.
Read MoreNine Entertainment joined rival Seven West Media and regional operator Southern Cross in reporting a solid rise in earnings and a net profit after tax of $183 million for the year to June.
Read MoreThe Australian sharemarket is lifting for a third day, with the ASX 200 up by ~0.3% at midday. Strong gains in iron ore and oil prices are helping resource stocks lift while logistics software company Wisetech is surging on its profit results.
Read MoreASX200 up 33 points (0.4%) to 7536. Iluka (-3.9%); 1H profit +14% to $129m vs $113m yoy. Revenue +62%. Div reinstated.
Read MoreThe Dow Jones index rose by almost 31 points or 0.1%. The S&P 500 index rose by 0.2% to record highs. And the Nasdaq index added 77 points or 0.5%, closing at a record high.
Read MoreThe global economy is rebounding very strongly in 2021, led by the US and likely to be followed by Europe and emerging market economies. Perpetual’s Michael O’Dea discusses his firm’s market outlook.
Read MoreAs the reporting season winds down, here are snippets from the results announced yesterday by shopping mall owner-operator Scentre Group and online retailer Kogan.com.
Read MoreStrong results and increased dividends from SEEK, Ansell and Monadelphous weren’t enough to satisfy the market, with each company’s shares falling in Tuesday’s ASX session.
Read MoreLike many other ESG issues, tax also tells you a lot about management quality and about how the senior leadership sees the world. Ted Franks from Pengana Capital explains why.
Read MoreAs the reporting season winds down, here are snippets from the results announced yesterday by Kerry Stokes-controlled Boral Limited and fuel supplier Viva Energy Group.
Read MoreThe Australian sharemarket edged higher for a second day, with an unconvincing move higher of ~0.17%. Firmer commodity prices helped push heavily sold off resource stocks higher while over 30 companies released their earnings.
Read MoreMarket returns across most asset classes have been supercharged since the lows of March 2020, spurred by accommodative monetary policy, stimulatory fiscal policy and an improving global economic outlook as the COVID vaccine rollout gathers pace.
Read MoreThe extraordinary monetary and fiscal policy response to the COVID-19 crisis has been very successful in minimising the damage to the global economy, but has also had profound implications for portfolio construction.
Read MoreThe ASX 200 is firmer for a second consecutive session at lunch. Mining and energy stocks have been supported by firmer commodity prices with technology stocks also lifting. Consumer stocks are among the main decliners, particularly supermarkets.
Read MoreA quick peek at the profit reports released this morning by Oil Search and Kogan.
Read MoreASX200 up 18 points (0.2%) to 7508. Western Areas (-2.2%); FY loss $7.7m, no div. Clearly the target of corporate activity at the moment.
Read MoreThe Dow Jones index rose by 216 points or 0.6% and the S&P 500 index rose by 0.9%. And the Nasdaq index added 228 points or 1.6%, closing at a record high.
Read MoreLike Sonic, who reported yesterday, Ansell has been one of the biggest listed beneficiaries of the pandemic, with sales, profits and returns to shareholders surging in 2020-21.
Read MoreDespite more than doubling its profit this time around, Reliance Worldwide has declined to provide 2021-22 guidance due to the ongoing uncertainty surrounding market conditions.
Read MoreElectricity distributor Spark Infrastructure has gone to foreign buyers, now Ampol wants to square the ledger by buying New Zealand’s major petrol company Z Energy.
Read MorePart Four of Six in a video series with Schroders Australia Fund Manager Simon Adler, in which he explains why value is an important holding in portfolios.
Read MoreMore Covid tests meant more money for Sonic Healthcare in the year to June 30, with the pathology group arguably the single biggest beneficiary of the pandemic on the ASX.
Read MoreThe flood of money into financial markets and, through them, the housing sector helped McGrath real estate business stage a significant turnaround in performance in the year to June.
Read MoreOut-of-home advertising products group oOh!media will again not pay a dividend, despite reporting a 22% jump in revenue to $251.6 million for the half year to June 30.
Read MoreThe Australian sharemarket rose by 0.39% on Monday, snapping a five-day losing streak and follows the biggest weekly decline for the ASX 200 in seven months. Tech stocks rose most.
Read MoreThe Australian sharemarket is edging higher on Monday following five-days of losses and the most significant weekly decline in seven months for local stocks. Tech stocks are standing out.
Read MoreSteven Yatomi-Clarke – CEO & Managing Director – Prescient Therapeutics is focused on developing novel, personalised therapies for a range of cancers.
Read MoreBrian leedman – Executive Director & Corporate Affairs – ResApp is developing digital healthcare solutions to assist doctors and empower patients to diagnose and manage respiratory disease.
Read MoreChris Baldwin – Deputy CEO & Chief Commercial Officer – Exopharm is a clinical-stage biopharmaceutical company using exosomes to deliver a new class of transformative medicines and generate revenue from multiple partnership deals.
Read MoreDavid Breeze – Managing Director & Executive Chairman – BPH Energy is a diversified company holding investments in biotechnology and resources.
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