Finance News Network

Company News

The worlds biggest maker of EVs reports slowdown

03 May 2024 - BYD, the world’s biggest maker of electrified vehicles, didn’t escape the fallout from China’s EV price wars in the first quarter of 2024.

Apple's earnings better than anticipated

03 May 2024 - You know Apple’s board and management understand the trouble the company is in with investors. Why else would it, after a better-than-expected set of figures for the …

Mining, Metals and the Circular Economy Conference

02 May 2024 - "Mining, Metals and the Circular Economy" will take place alongside the International Mining and Resources Conference on 29 & 30 October at the ICC Sydney, bringing t…

Building approvals rise in March

02 May 2024 - Building approvals rose in March, but the trade account saw a larger-than-forecast fall in the size of the goods surplus for the month.

Stocks of the Hour: Krakatoa Resources, Immutep, ABx Group

02 May 2024 - A snapshot of the stocks on the move, featuring Krakatoa Resources (ASX:KTA), Immutep (ASX:IMM) and ABx Group (ASX:ABX).

Bapcor plunges 30%

02 May 2024 - The 30%-plus plunge in the Bapcor (ASX:BAP) share price after Thursday’s trading update told the story of why incoming CEO, Paul Dumbrell, recoiled and quit the gig a…

NAB reports steady results

02 May 2024 - As forecast by most analysts, it was a "steady as she goes" outcome for the National Australia Bank's (ASX:NAB) 2023-24 half-year, with shareholders to receive a smal…

Woolworths sales slows

02 May 2024 - Woolworths (ASX:WOW) fell even further behind rival Coles in the third quarter, as sales growth in it revenue and profit centre - Australian food (its supermarkets) s…

Albermarle gets hits by lithium price fall

02 May 2024 - Albemarle, the world's largest lithium producer, joined rivals in Australia and other countries in being heavily affected by the downturn in world prices for the key …

US Fed rules out rate hikes

02 May 2024 - The US Federal Reserve sent a couple of signals to investors with its decision to leave rates steady at its latest meeting this week. The central bank and Chair, Jay …

Barrick Gold tops earnings estimates for the quarter

02 May 2024 - Canadian miner Barrick Gold topped earnings estimates for the March quarter, bolstered by a rally in bullion prices during the period.

Restaurant Brands New Zealand reports sales boost despite challenges

01 May 2024 - Restaurant Brands New Zealand (ASX:RBD) withstood a slowdown in Australia and a downturn in its small Californian operation to report a 7.9% boost in sales to NZ$333 …

Challenges mount for New Zealand's National Party-led government

01 May 2024 - No easy gains are left across the Tasman for the newish conservative National Party-led government, with a sharp rise in unemployment, an unwanted pay rise offered, a…

Stocks of the Hour: Adisyn, Bastion Minerals, Anson Resources

01 May 2024 - A snapshot of the stocks on the move, featuring Adisyn Ltd (ASX:AI1), Bastion Minerals Ltd (ASX:BMO) and Anson Resources (ASX:ASN).

Woolies announces sale of over half its holdings in Endeavour Group

01 May 2024 - Ahead of its third-quarter sales update on Thursday, Woolworths (ASX:WOW) has sprung a surprise by revealing the sale of more than half of its retained holding in the…

Will European Central Bank be first major central to cut rates?

01 May 2024 - The chances rose Tuesday that the European Central Bank will be the first major central bank to cut interest rates, as early as June. This comes after euro area infla…

Amazon results much better than expected

01 May 2024 - Business media got all excited about the quarterly results from Amazon, which were much better than expected. However, the outlook was weaker than expected for anothe…

April market recap

01 May 2024 - For markets, April was like a famous quote from Charles Dickens' A Tale of Two Cities - "it was the best of times, it was the worst of times" - starting with promise,…

HSBC reports significant updates

01 May 2024 - A newsy Tuesday for the global banking giant HSBC Holdings: it lost a CEO, who is retiring; revealed a dip in earnings for the three months to March 31; announced ano…

Turmoil at Bapcor as CEO quits

30 Apr 2024 - In an ominous sign, shares in the auto products group Bapcor (ASX:BAP) were halted on Tuesday ahead of a trading update, which is expected to outline sliding sales an…

Coles reports solid results

30 Apr 2024 - The March quarter saw a solid performance by Coles Group (ASX:COL), the country’s number 2 supermarket chain behind Woolworths.

IGO takes profit hit

30 Apr 2024 - Unlike lithium rivals such as Pilbara Minerals and Core Lithium, as well as Albemarle and SQM, Perth-based IGO (ASX:IGO) has not only survived another significant hit…

Australian retail sales falls 0.4% in March

30 Apr 2024 - Australian retail sales growth vanished when Taylor Swift flew out of Australia at the end of her seven-concert, two-week tour in February. March data from the Austra…

China's economy expands in April

30 Apr 2024 - As suspected by foreign economists, activity across the Chinese economy expanded in April, though at a slower rate than seen in March's rebound.