Late Rental Rebound Can’t Save Scentre
Australia’s biggest retail landlord, Scentre Group couldn’t match the stellar performance of many of its biggest tenants in either the year to December.
Read MoreAustralia’s biggest retail landlord, Scentre Group couldn’t match the stellar performance of many of its biggest tenants in either the year to December.
Read MoreWoolworths did everything right in the December half, with revenue and earnings up strongly, a dividend increase for shareholders and the demerger of its grog business on track.
Read MoreContrasting results from tech darlings Appen and Wisetech on Wednesday, as the former misses its own guidance for earnings and the latter ups its forecast.
Read MoreThere seems little hope of a quick return to travel and tourism anywhere near pre-COVID levels, leaving airlines, airports and travel companies starkly exposed.
Read MoreStrong rises in earnings and cost cuts in its key TV, publishing and Stan video streaming business, helped Nine Entertainment report a 79% rise in net earnings for the six months to December.
Read MoreAustralia’s biggest food group Bega will find out today if its ambitious expansion plans in the food sector in the past three years can proceed or face an immediate dead end.
Read MoreWoolworths (WOW) continued to show strong growth across most of its businesses over the first half of FY21 as it navigated the COVID-19 pandemic.
Read MoreViva Energy has followed its rival Ampol in revealing the damage done to the refining, distribution and retailing of oil and petrol products by COVID.
Read MoreThe Reserve bank of NZ has held its key interest rate steady and left other support measures unchanged after its latest monetary policy meeting at which it appears to have backed off moves to take rates negative.
Read MoreThe Aussie market is erasing a healthy chunk of Tuesday’s improvements, with the ASX 200 down more than 0.5 per cent at lunch.
Read MoreASX200 down 18 points (0.3%) to 6821. Telstra (-2.8%); ex div 8c. Trading down 9c. Woolworths (+0.7%); said 1H profit rose 28% and declared its highest dividend in 6 years.
Read MoreDespite a drop in iron ore, meat and coal exports, Australia’s trade performance started 2021 strongly with a merchandise surplus of $8.754 billion in January, little changed from the $8.956 billion in December.
Read MoreUS were mixed overnight. The S&P 500 index erased a 1.8% drop after US Fed Chair Powell relieved some of the concerns about higher interest rates and inflation. The Dow Jones index closed up by 16 points or 0.1% after shedding 360 points at the low.
Read MoreAlthough US equities tend to dominate the conversation about technology investing, Franklin Equity Group’s John Remmert and Don Huber believe there are many innovative international companies that get overlooked.
Read MoreAPA Group shares fell yesterday after revealing an $11.7 million first-half loss thanks to a $250 million non-cash impairment against the value of its Orbost gas plant in Victoria.
Read MoreThe institutional raising by Bank of Queensland to help fund its purchase of ME Bank seems to have wasted $60 million or more judging by the 9% jump in the share price on Tuesday.
Read MoreShares in recruitment group Seek sold off on a basket of news yesterday: no dividend + new CEO and Chairman + flat earnings = shares down 7%.
Read MoreLike its peers Santos and Woodside, Oil Search has emerged from a challenging year in 2020 considerably slimmer, with a big blob of red ink on the books, and back in favour again.
Read MoreAdelaide based cement maker, Adbri doubled its full-year profit to $93.7 million but slashed dividends as it plans a heavy spending year ahead.
Read MoreHSBC has abandoned its long-term profitability target and revealed a new strategy focused mainly on wealth management in Asia after the COVID-19 shock saw its a slump in 2020 profits.
Read MoreThe ASX 200 had its best day in a little over two weeks after a rather indifferent start. The index rose 58 points or 0.86% to 6,839 as banks, miners and energy stocks contributed most to broader improvements.
Read MoreIngham’s Group continues to benefit from strategic initiatives put in place in recent years while the easing of the pandemic presents further upside.
Read MoreThe local market continues to hover around the flat line as the ASX 200 swings between gains and losses in a choppy start to trade. Resources are outperforming with energy the best performing sector while technology lags most.
Read MoreAn actual bid for telco group Vocus has moved closer with its prospective bidder adding an extra party to its group.
Read MoreASX200 down 1 point. Seek (-2.6%); upgraded FY21 guidance even as 1H profit fell 7.8%. In talks to sell $2.2BN Zhaopin stake. Ex CBA CEO Ian Narev to take over.
Read MoreUS sharemarkets were mixed on Monday. Climbing bond yields and prospects for rising inflation triggered valuation concerns, weighing on growth technology stocks. The Dow Jones index rose by 27 points or 0.1%. But the S&P 500 index fell by 0.8%.
Read MoreThe Aussie dollar and major commodities continued their strong start to the year with some positive moves in overnight trading.
Read MoreGlobal plumbing and heating firm Reliance Worldwide is another stock to ‘enjoy’ the benefits of the pandemic with an 82% surge in after tax profit and a higher dividend.
Read MoreSurging Australian demand, aided by solid sales into the US residential construction sector, saw BlueScope’s highest Australian steel dispatches in a decade and a 78% jump in profit.
Read MoreAmpol has lopped its dividend after revealing a sharp fall in earnings and margins as oil prices and demand for products like petrol and jet fuel were hammered by the pandemic.
Read MoreThe Bank of Queensland has confirmed the $1.33 billion purchase of ME Bank and has asked investors for $1.35 billion to fund the deal.
Read MoreDespite Australia’s exceptional success in controlling the pandemic, dividend cuts were most severe in the UK, Europe and Australia.
Read MoreDouglas Isles from Platinum Asset Management breaks down the state of the semiconductor sector in the wake of the COVID pandemic.
Read MoreGlobal construction and infrastructure giant Lend Lease has halved its interim distribution after reporting a 37% slide in earnings for the six months to December.
Read MoreGlobal demand for industrial property is likely to support Goodman Group for the next few years, leading to robust earnings, but is there an issue with the valuation?
Read MoreThe Australian market faded from a better start, with the ASX 200 hanging around Friday’s two-week low. Mining stocks stood out, with BHP, Rio, Fortescue and South32 lifting by ~3%.
Read MoreThe Australian sharemarket is avoiding declines at lunch thanks to strong gains from mining companies, Macquarie (MQG), QBE and some travel stocks.
Read MoreBingo Industries has cut interim dividend after revealing a 41% slide in statutory net profit after tax (NPAT) to $15.8 million for the six months to the end of December.
Read MoreFruit and veg grower and distributor Costa Group has continued its recovery from the drought and poor growing conditions for some crops in 2019 with a solid six months to December.
Read MoreASX200 up 2 points (0%) to 6795. Tyro Payments (+5.5%); 1H loss $3.4m vs last year loss $19.2m. This year has started with business at “normal levels”.
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