The Macquarie Group Ltd (ASX: MQG) share price is on watch today after giving investors an update regarding its HY22 progress. Macquarie’s update The global investment bank said that it’s expecting the FY22 first half profit to be slightly down on the FY21 second half profit, despite a solid FY22 first quarter. It mentioned that the FY22 first…
ASX 200 (ASX: XJO) shares can be a great place to find ASX dividend shares for income. Larger businesses may be priced a bit lower in an earnings multiple sense, boosting the dividend yield. Those ASX 200 shares may also have a relatively higher dividend payout ratio, also increasing the profit. But I’m not just looking for businesses with yields. I…
Could the Fortescue Metals Group Limited (ASX: FMG) share price be worth looking at for its 24% dividend yield? Fortescue’s huge dividend yield? The iron ore giant is expected to pay a huge dividend in FY22, which is the financial year we’re now in. CommSec’s data suggests a dividend of $3.38 per share in FY22. That’s a…
The Woodside Petroleum Limited (ASX: WPL) share price will be under the spotlight after announcing a merger with the oil business of BHP Group Ltd (ASX: BHP). Mega merger between BHP oil and Woodside As confirmed in BHP’s FY21 result, Woodside is going to merge with BHP’s oil business. BHP has been thinking about divesting its oil business for some time, but…
The Rio Tinto Limited (ASX: RIO) share price has dropped in early reaction to the miner’s 2021 second-quarter update. Rio Tinto’s 2021 Q2 production Rio Tinto told investors about its performance compared to the prior corresponding period (2020 Q2). Iron ore shipments were down 12%, to 76.3 Mt. The iron ore production was down by 9%, to…
Around 20% of Australians are providing false information to banks when applying for loans. That’s according to a report from Experian, the world’s largest credit reporting business. Why are they doing it? According to reporting by the Australian Financial Review it’s because they don’t want to be rejected for a loan by the bank. The stats revealed…
The Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) (WHSP) share price is on watch today after the company announced it’s acquiring Milton Corporation Limited (ASX: MLT). WHSP buys Milton The old investment house is going to buy Milton the listed investment company (LIC). Milton shareholders will receive WHSP shares as their payment, with Milton shares to be valued…
The Altium Limited (ASX: ALU) share price is going bananas right now after revealing a takeover offer from US software group Autodesk (NASDAQ: ADSK). Why is the Altium share price going nuts? The electronic PCB software business revealed that it has received a formal, non-binding, indicative and unsolicited takeover proposal from Autodesk. My colleague Lachlan Buur-Jensen was right when…
May was an amazing month for the Commonwealth Bank of Australia (ASX: CBA) share price, which surged 12% over the month, managing to breach $100 for the first time. What’s happening to the CBA share price? CBA has been a strong performer since the worst of the COVID-19 crash. The bank’s loan book has held up well,…
The Nuix Ltd (ASX: NXL) share price went up around 7.5% today. It’s rebounding strongly. What’s happening? Nuix is seeing a recovery after the heavy selloff earlier in the week. It’s still down 11% from the end of last week. But now it isn’t down as much. A few days ago Nuix lowered its guidance for revenue…
