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According to specialist equity manager Redpoint Investment Management, the current annual general meeting (AGM) season for ASX-listed companies is “arguably more important today than it has been over the past few years.” After at least 18 months of refusing to offer anything in the way of guidance to shareholders, outlook statements will once again be…

ASX falls despite dovish RBA, energy, mining lower, OZ Minerals upgrades The S&P/ASX200 (ASX: XJO) fell another 0.7 per cent despite strong comments from the Reserve Bank of Australia Governor who confirmed interest rates would be doing nowhere until at least 2024. Every sector barring technology finished lower, which gained 0.2 per cent during the session. Once again, the materials and energy sectors were weaker as…

Komatsu Australia, the global manufacturer and distributor of earthmoving equipment has taken a step into the future by embracing virtual reality (VR) technology to help train and upskill their staff. The company has called upon Brisbane-based virtual reality scale-up, Next World Enterprises, to train and upskill their RTO’s in line with the global movement towards…

 The S&P/ASX200 (ASX: XJO) gained another 0.3 per cent to begin the week, benefitting from broad-based strength. Each of the consumer discretionary, healthcare and technology sectors gained more than 1 per cent with experimental group Mesoblast (ASX: MSB) leading the market by finishing 12 per cent higher. The company delivered a positive update on their “new weapon” a treatment aimed at combatting heart…

ASX down 0.2 per cent, unemployment surprise, iron ore rallies The S&P/ASX200 (ASX: XJO) finished the week on a stronger note, gaining 0.8 per cent behind a strong recovery in the mining sector, which gained 2.3 per cent. The likes of Fortescue (ASX: FMG) and BHP (ASX: BHP) added 2 and 2.8 per cent respectively on the back of a rise in the…

Share portfolio tracking software service, Sharesight, used for both long-term investors and day traders, has moved to integrate Stropro into its service offering. The transition will help boost Sharesight’s alternatives and structures investments profile.   The Stropro alternatives platform will be integrated with Sharesight to provide an elegant ‘whole-of-wealth’ reporting solution for users of both…

The Ramsay Health Care Limited (ASX: RHC) share price has tumbled into the red after the global private hospital network provide an FY22 trading update. At the time of writing, the Ramsay share price is down 5.1% to $68.58. Cost pressures weigh on profits Key financial results from the first three months of FY22 include: Unaudited revenue up…

Dubbed the “Tesla challenger,” electric vehicle (EV) manufacturer Rivian (NASDAQ:RIVN) made a successful debut on the NASDAQ last week. From a US$78 listing price, shares hit a high of $119.46 (+53%) before closing at $100.73 (+29%). At the time of writing, shares are up another 22% at $122.99 (+58%). Valued at more than US$100 billion…

“We haven’t seen a secular bear market for nearly 40 years,” said Johnathan Ruffer, chairman of multi-asset manager Ruffer in his third quarter update. The outspoken contrarian delivered somewhat of a warning for the cohort of ‘clever’ economists, political journalists and hedge fund managers who think they can understand what is going on in the…

Flying is a great way to get around the world, but it comes at a great cost. In 2018, it’s estimated that global aviation – which includes both passenger and freight – emitted 1.04 billion tonnes of CO2. This represented 2.5% of total CO2 emissions in 2018, and that’s huge. Aviation emissions have doubled since…

The Xero Limited (ASX: XRO) share price is dropping after the business released its FY22 first half result. Xero is one of the world’s largest cloud accounting businesses, with subscribers all over the world. Xero’s HY22 result The cloud accounting business reported that operating revenue increased by 23% to NZ$505.7 million. The average revenue per user (ARPU)…

A world shortage in shipping containers brought on by the Covid-19 pandemic has led to radical inflation in shipping and container prices, and increased delay times for shipping goods around the globe. This unforeseen event has created a domino effect down the supply chain, disrupting trade in all corners of the globe. When economies around…