Latest Company News - Finance News Network
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Strong result puts a rocket up Orica shares
November 09, 2022 21:00 - 1000 KB10 Nov 2022 - Explosives group Orica (ASX:ORI) is confident that the 2022-23 year will be better than the one just ended on September 30, even after all those worries about higher energy costs, inflation and slowing global activity.
Big four bank earnings solid but costs a concern
November 09, 2022 20:58 - 1000 KB10 Nov 2022 - The big four banks have all now reported, with the group lifting its combined earnings 7% to a total of $28.5 billion for 2021-22.
Whitehaven underwater for second straight year
November 09, 2022 20:55 - 1000 KB10 Nov 2022 - The La Niña-linked heavy rain and flooding around Gunnedah in NSW has seen Whitehaven Coal (ASX:WHC), the largest listed coal exporter, forced to cut production and sales guidance for a second year in a row.
Local miners astir as Gold Fields lurks
November 09, 2022 20:50 - 1000 KB10 Nov 2022 - Do investors sense a South African predator in the Australian gold jungle, stalking some underperforming local operators after losing out on a major deal this week?
Stocks of the Hour: Aeon Metals, ReNu Energy, Infinity Lithium Corporation
November 09, 2022 01:25 - 2 minutes - 1000 KB09 Nov 2022 - A snapshot of the stocks on the move featuring Aeon Metals (ASX:AML), Renu Energy (ASX:RNE) and Infinity Lithium Corporation (ASX:INF).
Cryptoverse in turmoil after FTX Failure
November 08, 2022 23:00 - 1000 KB09 Nov 2022 - Global crypto markets are reeling at massive price slumps after a shock bailout of the dominant FTX exchange.
Survey says: Bear market blues beginning to bite
November 08, 2022 21:12 - 1000 KB09 Nov 2022 - A week after the Reserve Bank again lifted interest rates and two weeks after the September quarter consumer price report showed a 7% plus rise in the annual rate of inflation, consumer and business confidence has slumped according to surveys from three major banks released on Tuesday.
Too much gas and not enough coyne, it seems
November 08, 2022 21:10 - 1000 KB09 Nov 2022 - Last week, the World Gold Council reported that the bottom 10% of gold mines around the world were in trouble with negative cash flows because of the falling gold price and rising costs.
Further balance sheet demolition from Hardies
November 08, 2022 21:09 - 1000 KB09 Nov 2022 - There was no hiding behind a $US200 million share buyback yesterday for international building products group James Hardie (ASX:JHX) as it sliced its 2022-23 earnings guidance for a third time in as many quarters.
Santos shares lose 5% on downgrade, pivot
November 08, 2022 21:05 - 1000 KB09 Nov 2022 - Santos (ASX:STO) surprised investors yesterday with a new strategy and news that output will drop by around 10% in 2023.
Stocks of the Hour: Antilles Gold, Skyfii, Lode Resources
November 08, 2022 00:55 - 1 minute - 1000 KB08 Nov 2022 - A snapshot of the stocks on the move featuring Antilles Gold (ASX:AAU), Skyfii (ASX:SKF) and Lode Resources (ASX:LDR).
Covid controls worm into Apple production line
November 07, 2022 21:10 - 1000 KB08 Nov 2022 - Apple underlined the problems afflicting China’s economy on Monday with a warning that Covid controls would see current quarter iPhone production, exports and sales fall – at the same time China’s exports and imports both fell last month for the first time in more than two years.
Jilted gold fields on the hunt for greener pastures
November 07, 2022 21:10 - 1000 KB08 Nov 2022 - Will Gold Fields look to Australia to feed its ‘get bigger’ aspirations after Canadian groups Agnico Eagle Mines and Pan American Silver Corp seemingly gazumped the South African company’s all share bid for Yamana Gold Inc?
Westpac committed to crunching costs
November 07, 2022 21:05 - 1000 KB08 Nov 2022 - Westpac (ASX:WBC) has lifted its 2024 cost target to $8.6 billion from $8 billion after a surge in inflationary cost pressures in the six months to September 30.
Peabody-Coronado deal goes the way of the dodo
November 07, 2022 21:00 - 1000 KB08 Nov 2022 - Coronado Global Resources (ASX:CRN) and Peabody Energy – each of which owns coal mines in Australia and the US – have ended discussions that would have created a company worth about $US6 billion.
Stocks of the Hour: Novatti Group, RareX, Altech Chemicals
November 07, 2022 01:20 - 3 minutes - 1000 KB07 Nov 2022 - A snapshot of the stocks on the move featuring Novatti Group (ASX:NOV), RareX (ASX:REE) and Altech Chemicals (ASX:ATC).
Stocks of the Hour: Tamboran Resources, Archer Materials, 5E Advanced Materials
August 12, 2022 01:35 - 2 minutes - 1000 KB12 Aug 2022 - A snapshot of the stocks on the move featuring Tamboran Resources (ASX:TBN), Archer Materials (ASX:AXE) and 5E Advanced Materials (ASX:5EA).
Mirvac looking to build on decent year
August 11, 2022 21:35 - 1000 KB12 Aug 2022 - Securities in property manager and investment group Mirvac (ASX:MGR) jumped nearly 4% on Thursday after it revealed a better-than-expected net result for the year to June 30.
QBE thinking the worst is behind it
August 11, 2022 21:32 - 1000 KB12 Aug 2022 - QBE (ASX:QBE) has upgraded its insurance outlook for the rest of 2022 despite being hit with a hefty drop in profits due largely to falls in investment markets in the six months to June 30.
AMP carrot bigger than its stick
August 11, 2022 21:26 - 1000 KB12 Aug 2022 - AMP (ASX:AMP) reported a 24.5% slump in half-year profit but will throw a $1.1 billion capital return the way of its patient but long-suffering shareholders.
First payout lift in seven years for Telstra
August 11, 2022 21:25 - 1000 KB12 Aug 2022 - Full year profits at Telstra (ASX:TLS) fell 4.6% to $1.81 billion for the year to June, with the company lifting its final dividend for the first time in seven years to 8.5 cents a share.
Stocks of the Hour: Chrysos Corporation, Empire Energy, TMK Energy
August 11, 2022 01:55 - 2 minutes - 1000 KB11 Aug 2022 - A snapshot of the stocks on the move featuring Chrysos Corporation (ASX:C79), Empire Energy (ASX:EEG) and TMK Energy (ASX:TMK).
Twelve charts we're thinking about right now
August 11, 2022 00:30 - 1000 KB11 Aug 2022 - At a time when many commentators are grappling to find an analogy to explain the current inflation episode, we believe it’s worth considering what happened in the United States in 1947.
Are we there yet?
August 10, 2022 23:18 - 1000 KB11 Aug 2022 - When the S&P 500 Index bounced more than 12% from mid-June until the end of July, investors started asking whether the market had bottomed.
All wheat and no chaff for GrainCorp
August 10, 2022 21:40 - 1000 KB11 Aug 2022 - Shares in GrainCorp (ASX:GNC) jumped yesterday after the company again upgraded earnings guidance for its year to September 2022 results.
Market takes the long stick to St Barbara
August 10, 2022 21:35 - 1000 KB11 Aug 2022 - The St Barbara (ASX:SBM) shares were the worst performed among ASX 200 stocks yesterday after the company produced what amounted to a negative downgrade of its outlook.
Musk takes more off the top with Tesla sales
August 10, 2022 21:35 - 1000 KB11 Aug 2022 - So why is Tesla CEO Elon Musk still raising billions of dollars in cash by selling more and more of his stake in the electric vehicle maker?
CBA earnings hit 4-year high on improved loan book
August 10, 2022 21:30 - 1000 KB11 Aug 2022 - Commonwealth Bank of Australia (ASX:CBA) posted its highest annual cash earnings in four years, partly thanks to a now faded first-half surge in home lending.
Stocks of the Hour: iSelect, Meeka Metals, Mayne Pharma
August 10, 2022 03:00 - 2 minutes - 1000 KB10 Aug 2022 - A snapshot of the stocks on the move featuring iSelect (ASX:ISU), Meeka Metals (ASX:MEK) and Mayne Pharma Group (ASX: MYX).
Confidence turnaround a tricky one for RBA
August 09, 2022 21:38 - 1000 KB10 Aug 2022 - The Reserve Bank won’t like reading that the National Australia Bank’s latest survey for July showed a strengthening in business conditions, reversing the recent softening trend.
Costs, climate change dull Coronado's glow
August 09, 2022 21:36 - 1000 KB10 Aug 2022 - Amid all the positivity of record revenues, prices and earnings for Coronado Resources (ASX:CRN) in the six months to June 30, the US-Australian coal group also had a reminder about the realities of the marketplace and how climate is now an increasing factor.
Emerging tech not for the faint of heart
August 09, 2022 21:35 - 1000 KB10 Aug 2022 - The life of an emerging tech stock is hard sometimes.
Green metal prospects have NEVer looked brighter
August 09, 2022 21:29 - 1000 KB10 Aug 2022 - In another bullish point for lithium, copper, nickel and all those other green metals, Chinese new electric vehicle sales (or NEVS, New Energy Vehicles) continued at high levels in July.
Stocks of the Hour: RareX, Magnis Energy, DevEx Resources
August 09, 2022 03:20 - 2 minutes - 1000 KB09 Aug 2022 - A snapshot of the stocks on the move featuring RareX (ASX:REE), Magnis Energy (ASX:MNS) and DevEx Resources (ASX:DEV).
The new Mallee route: From Myanmar to Tasmania
August 08, 2022 21:53 - 1000 KB09 Aug 2022 - Previously focused on the Asian nation of Myanmar, Mallee Resources has refocused its efforts about 8000 kilometres south, in the mining-friendly jurisdiction of Tasmania.
FY2021-22 a slight derailment for Aurizon
August 08, 2022 21:51 - 1000 KB09 Aug 2022 - No matter how Aurizon tried to spin it, the 2021-22 results yesterday justified the 3%-4% or so slide in the share price.
SUN's upbeat talk eclipsed by earnings, payout cut
August 08, 2022 21:50 - 1000 KB09 Aug 2022 - Suncorp has slashed its payout to shareholders after reporting a sharp fall in earnings for the 2021-22 financial year.
Let the games begin for the BHP-OZL Olympiad
August 08, 2022 21:48 - 1000 KB09 Aug 2022 - After BHP lobbed its $8.3 billion all-cash bid for OZ Minerals on Monday morning, the future for the targeted company is clear – it will not be allowed to remain independent.
All (back) aboard the lithium bullet train
August 08, 2022 21:47 - 1000 KB09 Aug 2022 - The Financial Times and other global business media have just woken up to the very bullish quarterly report issued last week by Albemarle that contained a stunning upgrade to its outlook for this year.
Stocks of the Hour: Kazia Therapeutics, Mesoblast, BHP & Oz Minerals
August 08, 2022 02:05 - 1 minute - 1000 KB08 Aug 2022 - A snapshot of the stocks on the move featuring Kazia Therapeutics (ASX:KZA), Mesoblast (ASX:MSB), BHP Group (ASX:BHP) and Oz Minerals (ASX:OZL).
BHP makes $8bn play for OZL
August 07, 2022 23:13 - 1000 KB08 Aug 2022 - BHP (ASX:BHP) has moved to fill a gap in its portfolio with an apparently hostile bid for OZ Minerals (ASX:OZL) at $25 a share.
Chinese economic dish still unappealingly tepid
August 07, 2022 21:40 - 1000 KB08 Aug 2022 - The current weakness in the Chinese economy was again underlined by the July trade data which showed no real improvement in the pace of growth in imports and exports.
No rabbit out of the hat even for Warren this quarter
August 07, 2022 21:36 - 1000 KB08 Aug 2022 - Not even an investor like the legendary Warren Buffett could avoid the full impact of the slide in stockmarkets in the June quarter.
Commodities corner: Slippery dipping
August 07, 2022 21:35 - 1000 KB08 Aug 2022 - Commodity prices did a bit better on Friday and for the week, though oil again saw a solid fall and petrol prices here in Australia are now well under $1.70 a litre.
Diary: A matter of perspective
August 07, 2022 21:30 - 1000 KB08 Aug 2022 - Last week ended with the ‘good’ news from the US economy in the form of the July jobs bonanza, this week it will be the ‘bad’ - July’s Consumer Price Index.
Monday Market Minutes: Pause, Play, Repeat
August 07, 2022 21:27 - 1000 KB08 Aug 2022 - Local markets will be eagerly awaiting the US July consumer price inflation data midweek which, after the huge jump in jobs last month, could once again change the outlook for US interest rates.
Oil is thicker than water for Buffett and Berkshire
August 07, 2022 07:06 - 1000 KB07 Aug 2022 - One investor not planning to abandon oil anytime soon is Warren Buffett, who has shown a distinct liking for the stuff by taking major stakes in US supermajor Chevron and in mid-level group Occidental Petroleum, where Buffett’s Berkshire Hathaway has rapidly built the largest stake of close to 20%.
Old-school media hard-pressed by new-school metrics
August 07, 2022 07:05 - 1000 KB07 Aug 2022 - US investors are changing the way they view the New York Times Co (NYT) – and many other old line media companies for that matter.
Local lithium space growing up oh so fast
August 05, 2022 07:00 - 1000 KB07 Aug 2022 - Australia’s still rapidly growing lithium industry is also rapidly maturing as it becomes a major export success and source of growing revenues and earnings for investors.
Stocks of the Hour: OceanaGold, Block, European Lithium
August 05, 2022 01:20 - 1 minute - 1000 KB05 Aug 2022 - A snapshot of the stocks on the move featuring OceanaGold (ASX:OGC), Block (ASX:SQ2) and European Lithium (ASX:EUR).