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CSL (ASX:CSL) delivered a robust earnings result with profit up 10 per cent to US$2.375 billion ($3.3 billion), which was a slight beat on a consensus earnings expectation of US$2.33 billion ($3.2 billion). The strong result reflected CSL’s resilience and agility during the COVID-19 pandemic, through which it has been able to record strong growth…

Antipodes Global Investment Company (ASX: APL) has announced a scheme of arrangement to allow shareholders to hand in their shares in the APL listed investment company (LIC) for units in a new exchange-traded fund (ETF), Antipodes Global Shares (ASX: AGX1). The decision comes after years of  the LIC trading at a discount to its net…

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…

Is another market crash around the corner? This may well be the most popular question today, or at any point in the last 12 months. The simple answer is yes, a market correction (a fall of 10 per cent or more) or crash (a fall getting on for 20 per cent) is always around the…

Market falls, BHP merges with Woodside, CBA’s correction It was another rough day for the ASX200 (ASX: XJO) with the selling pressure continuing to grow as reporting season picks up steam. The financial sector was the biggest contributor to the markets 0.9% fall, dragged down 1.7% by Magellan Financial Group (ASX: MFG) and the Commonwealth Bank (ASX: CBA) which is nearing a technical…

Market retreats, A2 Milk surges, BlueScope, JB Hi-Fi report The ASX200 (ASX: XJO) started the week on a negative note, falling 0.6% as COVID-19 cases surge in Australia, lockdowns expand to four states and Victoria was plunged into another curfew. Around half the sectors were lower with the popular cyclical ‘value’ stocks like energy and financials hardest hit down…

ASX gains 1.2%, financials power ahead as Baby Bunting disappoints The ASX200 (ASX: XJO) finished at another record high on Friday, gaining 0.5% as the positive sentiment from reporting season carried through another week. Every sector finished higher outside of materials, with healthcare the outperformer adding 1.9% after CSL Ltd (ASX: CSL) once again near $300 per share adding 2.4% ahead…

Despite a market correction earlier this year, cryptocurrency has displayed resilience as an asset class and continues to attract the attention of thousands of investors. But as we enter the 2022 financial year it is clear uncertainty remains about cryptocurrency and how it interacts with Australia’s tax regime. Many investors view a lack of regulatory…

Australia’s largest bank, the Commonwealth Bank of Australia (ASX:CBA), has posted a massive $8.65 billion cash profit for FY21, up 20%, together with a $6 billion share buyback and an increase in its final dividend. Including CBA’s discontinued operations such as CFS Asset Management, the profit was $10.18 billion. The bank increased its final dividend…

So far 2021 has been a standout year for initial public offerings (IPOs). With 103 listings already having joined the ASX lists, there are 22 in the pipeline until the end of September. The best-performing sectors have been health and life sciences, averaging 27% gain per listing. In second place are resources listings which on…

All about the Benjamin’s, market flat but dividends galore, Telstra holds, AMP cuts The ASX200 (ASX: XJO) finished flat on Thursday with Rio Tinto’s (ASX: RIO) massive dividend dragging the stock 6.9% and proving too much for a resilient communications sector (+2.3%) to overcome. It was a broadly positive day with more sectors gaining than losing and reporting season ultimately driving…

CBA hikes dividend, announced buy back, IAG delivers another loss The ASX200 (ASX: XJO) finished at another record on Wednesday, adding 0.3% with the Commonwealth Bank (ASX: CBA) extending its dominance as Australia’s largest company. The share price rallied 1.5% almost singlehandedly pushing the market higher. Outside of the major banks it was a generally risk on day with energy and…