News

ASX 200 down 0.9%, Federal Reserve boosts US markets, AUD hits a 12 month high The ASX 200 (ASX:XJO) finished 0.9% lower on Friday and down 0.6% for the week; the second straight week of losses. Selling was broad-based but particularly coming from materials, down 1.8%, as Australia upped the trade war ante following PM…

New Boral CEO Zlatko Todorcevski handed down the financial year results of his predecessor and it wasn’t pretty, but it was a beat on expectations.

It was a mixed day for the market, the ASX 200 (ASX:XJO) finished 0.2% higher despite trading up as much as 0.8% during the day.

Pandemic tailwind to flow into 2021 for Woolies Woolworths Ltd (ASX:WOW) delivered a weaker than expected result, despite a 6% increase in revenue to $63.6 billion for the financial year. Net profit fell to $1.166 billion with the biggest hit coming from the mothballed Hotels division. Sales revenue improved across the board with Australian and…

The ASX 200 (ASX:XJO) fell 0.7% for the day pushed lower by dividend payouts from Telstra Corporation Ltd (ASX:TLS) and AGL Energy Ltd (ASX:AGL) among others.

One of the main themes that played out this reporting season was the absence of company dividends. The cash doled out by the largest 50 ASX listed companies was by in large withdrawn to conserve capital during the pandemic. A study released this week by Janus Henderson looked at the dividends paid out recently by…

Company reporting season is in its final stretch with roughly two-thirds of the ASX 200 having reported and another +40 companies still to go. Whilst expectations were for a painful season filled with earnings misses, guidance downgrades and massive share price losses, it has been anything but that. Rather this season has pleasantly surprised on…

The Xero Limited (ASX: XRO) share price is rising this morning after the software company announced the acquisition of Waddle

A report by media research group the Nielsen Company following Australia-specific data collection shows there has been a significant spike in readership of business and finance news and commentary online.

The ASX 200 (ASX:XJO) finished 0.5% higher behind a strong rally in financials, up 2.5%, following positive comments on a potential COVID-19 treatment.

Qube Holdings Ltd (ASX:QUB) reported a 9% improvement in underlying revenue, increasing to $1.8 billion driven by a strong first half to the financial year.

The ASX 200 (ASX:XJO) overcame a weak lead from overseas markets to finish 0.3% higher, behind another rally in Wesfarmers Ltd (ASX:WES), up 1.5%.