Finance News Network

News by Glenn Dyer

Glenn Dyer

Glenn Dyer has been a finance journalist and TV producer for more than 40 years. He has worked at Maxwell Newton Publications, Queensland Newspapers, AAP, The Australian Financial Review, The Nine Network and Crikey.

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Resources boom still looks to have plenty of legs

03 Sep 2022 - Two major records in Australia's mineral exploration data for the June quarter and 2021-22 financial year confirm that the resources boom shows no sign of slowing.

Cheap US energy to fuel renewables transition

03 Sep 2022 - America’s abundance of oil and gas – from natural production or shale fracking – is insulating the country from the energy crisis hitting the rest of the world, espec…

Westpac's enforced houseclean underway

02 Sep 2022 - Westpac (ASX:WBC) has edged closer to being back in the regulatory good books after an announcement on Thursday by APRA, the banking sector’s key watchdog.

Trade Tidings: LOV, MHJ, ABY

02 Sep 2022 - Earnings reports from a few fashion and beauty sector stragglers yesterday: Adore (ASX:ABY), Michael Hill (ASX:MHJ) and Lovisa (ASX:LOV), with the latter delivering o…

Turquoise Hill finally gives Rio offer the green light

02 Sep 2022 - Rio Tinto (ASX:RIO) and its 51% owned Canadian subsidiary Turquoise Hill Resources have kissed, made up and agreed to Rio’s new $C43 a share mop-up offer.

Oz property mired in a deepening sinkhole

02 Sep 2022 - A collection of 'downs' from the start- and end-of-month housing and construction data this week shows the sector is well and truly in a deep slump.

Bourse Discourse: FWD, SXE

01 Sep 2022 - Contrasting results from two small industrials involved in the resources sector – one a loss on a contract; the other, a solid profit after a big takeover nearly two …

Mining Morsels: PRU, SBM

01 Sep 2022 - Australian-based African gold miner Perseus Mining (ASX:PRU) boosted sales revenue 66% in the year to June 30 to more than $1.12 billion, thanks to higher production …

Harvey Norman result more the Lo-Fi variety

01 Sep 2022 - In contrast to the solid 2021-22 results from rival JB Hi-Fi earlier this month, Harvey Norman (ASX:HVN) revealed on the final day of the reporting season that it suf…

Covid uptick, Heatwave cool Chinese economy

01 Sep 2022 - China’s economy continued to stutter in August thanks to a terrible combination of renewed Covid infections across a host of cities, towns and regions; tightened mobi…

Big dividend the cherry on top for Woodside holders

31 Aug 2022 - As expected, Woodside Energy (ASX:WDS) has reported a five-fold increase in net profit for the six months to June 30 and boosted the dividend payout to shareholders t…

Market unimpressed with Sandfire result

31 Aug 2022 - Now what happened to the Sandfire Resources (ASX:SFR) share price on Tuesday after the company released its first results to include a contribution from its big Spani…

Bubs Australia onto a winning formula

31 Aug 2022 - If there was ever a given in the market today, it was that Bubs Australia (ASX:BUB) was going to deliver a big revenue jump. And, thanks mainly to its quickness in ta…

IGO withholds sharing the spoils

31 Aug 2022 - For a company reporting its fourth record underlying EBITDA result in a row in the 2021-22 financial year to June 30, IGO (ASX:IGO) was pretty circumspect so far as r…

Building approvals hit by a wrecking ball

31 Aug 2022 - In stark contrast to the strong July retail sales, building approvals last month slumped 17.2% as the bloom faded almost completely from the apartments, home units an…

Santos clears its debt decks

30 Aug 2022 - Oil and gas group Santos (ASX:STO) has taken advantage of the wave of cash floating around the energy sector to refinance its debt to the point where it won’t have a …

Fortescue hit by rising costs and lower ore prices

30 Aug 2022 - Australia’s third iron ore major Fortescue Metals Group (ASX:FMG) saw a 40% fall in its June 30 profit and a 43% slicing of its final dividend as iron-ore prices weak…

Defiant a2 Milk finally creams it

30 Aug 2022 - At last some good news from the a2 Milk (ASX:A2M) company which revealed a Monday trifecta – it did better in 2021-22 than previously forecast, is now forecasting a s…

Resource nuggets: NST, MIN

30 Aug 2022 - Shares in two leading WA mining groups fell yesterday as investors showed their unhappiness with the picture both results painted, with neither convincing enough for …

Aussie shoppers not so easily deterred

30 Aug 2022 - Australian shoppers were not put off by rising interest rates and prices in July as retail sales rose a solid 1.3% from June – a strong indication they ignored a lot …

Monday market minutes: Prometheus unbound

29 Aug 2022 - Welcome back to the depths of June and all the terrors that month had for investors large and small as Fed chair Jay Powell reminded all the “smart money” on Wall Str…

Diary: Loose lips sink ships

29 Aug 2022 - As investors and traders return from summer holidays over the next week or so, especially after the US Labor Day holiday next weekend, there will be some very nervous…

Commodities corner: Its a gas!

29 Aug 2022 - Asian and European gas prices hit a record high again on Friday driven by different factors, though with one common source – the continuing ripples from the Russian i…

From Covid to cost pressures: Wesfarmers' challenging year

27 Aug 2022 - Covid lockdowns saw Wesfarmers (ASX:WES) post a 2.9% drop in annual profit for the year to June, with unwanted assistance from supply chain bottlenecks and emerging c…

Plenty of smoke and mirrors from OZ Minerals

27 Aug 2022 - OZ Minerals (ASX:OZL) has attempted to offset negative coverage of its weak first half result and its rejection of BHP’s $25 a share bid by revealing plans to more th…