Latest Company News - Finance News Network
2,997 episodes - English - Latest episode: about 3 hours ago -The latest Company News from Finance News Network.
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episodes
Gold prices rise for their strongest week in six
May 12, 2024 21:48 - 1000 KB13 May 2024 - Gold prices rose on Friday for their strongest week in six, as bets of an interest rate cut from the Federal Reserve again moved into the center stage.
Fall in operating rig numbers
May 12, 2024 21:47 - 1000 KB13 May 2024 - The weakness in US oil drilling continued last week with another fall in operating oil rig numbers.
Stocks of the Hour: State Gas, Kingsgate, Gladiator Resources
May 10, 2024 01:35 - 1 minute - 1000 KB10 May 2024 - A snapshot of the stocks on the move, featuring State Gas (ASX:GAS), Kingsgate (ASX:KCN) and Gladiator Resources (ASX:GLA).
Understanding Australian attitudes towards gold investment
May 10, 2024 01:18 - 1000 KB10 May 2024 - Australians just don’t seem to like gold as an investment—or rather, they don’t seem to like investing in the metal like investors in India, China, the US, and many other countries do.
QBE anticipates strong first half performance
May 10, 2024 01:12 - 1000 KB10 May 2024 - Major insurer QBE (ASX:QBE) is poised for a solid first half result when it reports in August, judging by its March quarter trading update on Friday.
De Grey Mining raises funds for Hemi Gold Project
May 10, 2024 00:35 - 1000 KB10 May 2024 - De Grey Mining (ASX:DEG) has successfully raised most of the more than $600 million it sought earlier this week to fund its share of the cost of the $1 billion plus Hemi gold mining project in WA’s Pilbara.
BP explores low-carbon acquisitions amid oil industry M&A surge
May 09, 2024 22:41 - 1000 KB10 May 2024 - In the current landscape of the oil industry, mergers and acquisitions have emerged as a predominant theme. Notable players such as Exxon Mobil, Chevron, Diamondback Energy, and Occidental Petroleum have engaged in substantial oil deals over the past year, collectively exceeding $150 billion in value.
Meeka readying for gold development
May 09, 2024 22:26 - 1000 KB10 May 2024 - Meeka Metals (ASX:MEK) is aiming to be ready to push the button on it’s the development of its Murchison gold project in Western Australia by mid-year.
China's import surge
May 09, 2024 21:33 - 1000 KB10 May 2024 - Amid China’s unexpected 8% surge in imports, iron ore shipments into the country stood out with a stronger-than-expected outcome, while oil and coal imports were also solid.
Central bank updates
May 09, 2024 21:30 - 1000 KB10 May 2024 - As we approach the end of the week, what’s the score from central bank meetings this week?
China's economy shows signs of life
May 09, 2024 06:01 - 1000 KB09 May 2024 - China’s economy showed a few more signs of life in April, with imports jumping more than forecast and exports back in the black for the first time in three months.
Gas as a pillar of Australia's future
May 09, 2024 04:11 - 1000 KB09 May 2024 - The Albanese government is set to defy global trends with the release of a comprehensive plan today, backing the continued extraction and use of gas beyond 2050.
Orica boosts earnings
May 09, 2024 03:38 - 1000 KB09 May 2024 - Shareholders in Orica (ASX:ORI), the world's biggest explosives group, will get a tiny lift in their interim dividends after the company boosted earnings off the back of lower costs.
Super Retail Group joins weak trading confession club
May 09, 2024 03:35 - 1000 KB09 May 2024 - Shares in Brisbane-based Super Retail Group (ASX:SUL) were down 6% at one stage on Thursday after it joined the weak trading confession club that already contains rivals Bapcor, Baby Bunting, Woolworths, J B Hi-Fi, but not Temple and Webster or Coles.
Stocks of the Hour: Alliance Nickel, Marquee Resources, M3 Mining
May 09, 2024 01:30 - 1 minute - 1000 KB09 May 2024 - A snapshot of the stocks on the move, featuring Alliance Nickel (ASX:AXN), Marquee Resources (ASX:MQR) and M3 Mining (ASX:M3M).
Commonwealth Bank anticipates modest profit growth
May 08, 2024 23:08 - 1000 KB09 May 2024 - The Commonwealth Bank (ASX:CBA) is expecting little growth in its full-year profit for the year ending on June 30th after revealing a dip in third-quarter earnings on Thursday.
Toyota records record net profit
May 08, 2024 21:41 - 1000 KB09 May 2024 - Tesla might be the world’s most valuable carmaker by market value, but Japan’s Toyota Motor has confirmed its giant status when it comes to sales, revenues, and earnings, completely outclassing Elon Musk’s tattered company.
De Grey seeks $600m capital raise
May 08, 2024 21:40 - 1000 KB09 May 2024 - De Grey Mining (ASX:DEG) seeks a massive $600 million from shareholders to establish the foundation for the debt required to finance its $1 billion-plus Hemi gold mine in the WA Pilbara.
Challenges mount for BHP's bid on Anglo American
May 08, 2024 21:38 - 1000 KB09 May 2024 - BHP’s (ASX:BHP) ambitions to buy Anglo American are facing problems in Brazil - not from competition and ownership concerns over Anglo’s iron ore business in that country, but from the growing argument with the government over compensation for the 2015 Samarco dam wall collapse and disaster.
China's retreat from gold
May 08, 2024 03:45 - 1000 KB08 May 2024 - Even China can't stomach spending too much money buying gold at record levels - something the players in the gold market forgot when they reported this week that the country's central bank made another purchase in April.
Perpetual confirms breakup with KKR
May 08, 2024 03:43 - 1000 KB08 May 2024 - Perpetual (ASX:PPT) has confirmed the breakup deal it has struck with the US private equity giant, KKR.
Tesla's Chinese challenges
May 08, 2024 03:42 - 1000 KB08 May 2024 - Tesla's sales problems in China are not going away, and it continues to lose ground against its big Chinese rival, BYD, which is now outselling Elon Musk’s company in the core product: pure battery-powered vehicles.
Stocks of the Hour: Larvotto Resources, Iceni Gold, Trinex Minerals
May 08, 2024 01:31 - 1 minute - 1000 KB08 May 2024 - A snapshot of the stocks on the move, featuring Larvotto Resources (ASX:LRV), Iceni Gold (ASX:ICL) and Trinex Minerals (ASX:TX3).
Positive momentum persists for Goodman Group
May 07, 2024 23:32 - 1000 KB08 May 2024 - Good times continue for Goodman Group (ASX:GMG), the listed commercial and industrial property group, with a second earnings upgrade in a few months for the year ending June 30.
Arcadia Lithium reports earnings dip
May 07, 2024 21:46 - 1000 KB08 May 2024 - Arcadium Lithium, formed earlier this year by the merger of Livent of the US and Australia's Allkem, has seen another significant fall in earnings, joining its rivals in taking a big hit from the downturn in lithium prices and demand.
Santos looking to sell stake in the Alaskan oilfields
May 07, 2024 21:45 - 1000 KB08 May 2024 - Santos (ASX:STO) is reportedly looking to sell its stake in the Alaskan oilfields it jointly owns, including the Pikka oil project, which is due to start producing in 2026. Reuters reported that Santos and its partner, Repsol, are discussing the sale of a minority stake worth around $US1 billion. This could represent between 20% and 25% of the areas.
Perpetual undergoes split and takeover
May 07, 2024 21:43 - 1000 KB08 May 2024 - Sixteen months after swallowing rival fund manager Pendal in a cash and shares deal worth around $2 billion, Perpetual (ASX:PPT) is, in turn, being taken over and split up in a deal worth $1.5 billion.
Analysis of big banks' half-year results
May 07, 2024 21:42 - 1000 KB08 May 2024 - Despite some slightly hysterical claims about the big banks being 'casualties', their half-year results confirm they are a long way from being wounded by the sluggish economy, high inflation, and tightening margins.
Rex Minerals getting to the pointy end of Hillside financing process
May 07, 2024 21:19 - 1000 KB08 May 2024 - Rex Minerals (ASX:RXM) is advancing the funding process for its Hillside copper-gold project on South Australia’s “Copper Coast”.
RBA leaves cash rate at 4.35%
May 07, 2024 05:33 - 1000 KB07 May 2024 - The Reserve Bank has left the cash rate unchanged at 4.35% at its latest meeting but revealed increasing worries about the health of the wider economy beyond still too-high inflation.
Higher incentive prices needed ahead of supercycle
May 07, 2024 04:40 - 1000 KB07 May 2024 - Euroz Hartleys senior analyst Michael Scantlebury says “sensationalist” headlines about the end of mining are grossly exaggerated.
Unveiling the hidden dynamics of banks' $4.5 billion buyback frenzy
May 07, 2024 04:23 - 1000 KB07 May 2024 - As the curtain closed on the interim bank reporting season, ANZ made its grand entrance into the buyback bonanza, joining the likes of NAB and Westpac in returning excess capital to investors.
Ups and downs
May 07, 2024 03:52 - 1000 KB07 May 2024 - A trio of updates from third-quarter trading companies ahead of their June 30 balance dates produced one good, one bad, and one okay.
Stocks of the Hour: Westar Resources, AML3D, ACDC Metals
May 07, 2024 01:31 - 1 minute - 1000 KB07 May 2024 - A snapshot of the stocks on the move, featuring Westar Resources (ASX:WSR), AML3D (ASX:AL3) and ACDC Metals (ASX:ADC).
Regis Resources plans to expand gold output
May 07, 2024 01:26 - 1000 KB07 May 2024 - Regis Resources (ASX:RRL) announces it will invest upwards of $120 million to expand gold output, establishing two new underground mines in Western Australia.
ANZ reports weak earnings but higher dividends
May 06, 2024 22:11 - 1000 KB07 May 2024 - ANZ Group Holdings (ASX:ANZ) has topped the roll call of the big four banks, reporting weak earnings but higher dividends and buybacks.
Elon pleads for Warren Buffett to buy Tesla shares
May 06, 2024 21:30 - 1000 KB07 May 2024 - How desperate is Tesla's Elon Musk? Quite a lot, judging by his almost plea-like call for Warren Buffett to buy Tesla shares after Berkshire Hathaway's annual meeting on Saturday.
Southern Cross Electrical Engineering - disguising a lack of earnings growth?
May 06, 2024 04:14 - 1000 KB06 May 2024 - How to disguise a lack of earnings growth: announce a big contract win and how that will boost the next financial year’s earnings and not the one that ends on June 30, 2024.
Stocks of the Hour: TechGen Metals, SC Electrical Engineering, Mandrake Resources
May 06, 2024 01:30 - 1 minute - 1000 KB06 May 2024 - A snapshot of the stocks on the move, featuring TechGen Metals (ASX:TG1), Southern Cross Electrical Engineering (ASX:SXE) and Mandrake Resources (ASX:MAN).
GrainCorp announces dramatic drop in earnings
May 06, 2024 01:24 - 1000 KB06 May 2024 - GrainCorp (ASX:GNC), the major east coast grain handler and shipper, has confirmed that it is facing a dramatic drop in first-half earnings for the six months to March 31.
Qantas settles ghost flights case with ACCC
May 05, 2024 23:05 - 1000 KB06 May 2024 - Qantas (ASX:QAN) has settled its so-called ghost flights legal case with the competition regulator, the ACCC, at a cost of around $120 million.
Westpac reports dip in earnings
May 05, 2024 22:18 - 1000 KB06 May 2024 - Westpac (ASX:WBC) has joined the National Australia Bank in reporting a double-digit dip in earnings for the half-year to March but will reward shareholders with higher dividends and a higher buyback.
US copper futures climb nearly 2%
May 05, 2024 21:47 - 1000 KB06 May 2024 - US copper futures shook off a couple of weak days on Friday to climb nearly 2%, settling at $US4.5680 a pound ahead of the important elections in Panama on Sunday (yesterday).
American investors cautious amid slowing economy
May 05, 2024 21:46 - 1000 KB06 May 2024 - Now, American investors have hopped back on the rate-loom bandwagon, but they could be on it for the wrong reasons after the April jobs data on Friday and a couple of other data releases during the week that suggest the economy might be in the process of cooling a bit more quickly than understood.
Buffet sells Apple shares
May 05, 2024 21:37 - 1000 KB06 May 2024 - Just as Apple’s first-quarter performance had won back skeptical investors, Warren Buffett's surprise $US 20 billion sale of Apple shares will send shockwaves through share markets starting today.
Another negative week for the US oil industry
May 05, 2024 21:36 - 1000 KB06 May 2024 - Another negative week for the US oil and gas industry, with oil rig numbers now tumbling below their level at the close of 2023.
Berkshire Hathaway's March earnings
May 05, 2024 21:31 - 1000 KB06 May 2024 - Berkshire Hathaway’s March quarter earnings were overshadowed at the weekend by news of a big sale of Apple shares and a possible significant investment in Canada.
Stocks of the Hour: Chariot Corporation, Haranga Resources, Patagonia Lithium
May 03, 2024 00:17 - 1 minute - 1000 KB03 May 2024 - A snapshot of the stocks on the move, featuring Chariot Corporation (ASX:CC9), Haranga Resources (ASX:HAR; FRA:65E0) and Patagonia Lithium (ASX:PL3).
Cocoa prices plunge
May 02, 2024 23:34 - 1000 KB03 May 2024 - A storm in an Easter egg or those fears of a melting box of Valentines was overdone?
Macquarie Group's resilient performance in face of earnings slide
May 02, 2024 23:15 - 1000 KB03 May 2024 - Macquarie Group (ASX:MQG) has kept shareholders happy with a cut to the annual dividend much smaller than the 32% slide in full-year earnings the financial giant revealed on Friday morning.