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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Red 5 cashes in on Silver Lake stake

08 Aug 2024 - In the final unwinding of the complicated links between gold miners Red 5 (ASX:RED) and Silver Lake Resources, a parcel of shares in Red 5 has been sold for a nice pr…

Webjet to demerge

08 Aug 2024 - Of course, the splitting of Webjet (ASX:WEB) into two companies is going to be a good thing - you don’t have to read the 214-page explanatory document to know that.

Myer profit down nearly 30%

08 Aug 2024 - Department store retailer Myer (ASX:MYR) has warned it will report a significant fall in profit for the year to July 31.

Transurban to boost dividend

08 Aug 2024 - Toll road operator, Transurban (ASX:TCL), is looking to boost its 2024-25 distribution to 65 cents per security from 62 cents for the year just ended.

China's import tale

08 Aug 2024 - Chinese imports surprised by being stronger than forecast in June, rising 7.2% instead of the predicted 3.5% and more than reversing the previous month’s decline.

Arcadium reassesses lithium projects

08 Aug 2024 - Arcadium Lithium (ASX:LTM) is reassessing all its projects, including a final, in-depth look at its Mount Cattlin lithium operations in southern Western Australia.

Mosaic brands in crisis

08 Aug 2024 - For a company worth less than $7 million on the ASX, Mosaic Brands (ASX:MOZ), the women's wear retailer, certainly generates a lot of media stories.

China stays out of gold market

08 Aug 2024 - Record prices have again kept China out of the global gold market for a third month in a row.

Glencore reverses course on coal demerger

08 Aug 2024 - In a surprising turn of events, Glencore has reversed its 2023 decision to spin off its newly expanded coal business. The lure of continued coal profits, particularly…

Arcadium curtails spending amid profit dip

07 Aug 2024 - Perhaps the best financial result — in terms of earnings — so far from the embattled lithium sector comes from Arcadium Lithium (ASX:LTM) (the end result of the merge…

Google declared a monopolist

06 Aug 2024 - How do you spell monopoly according to a US federal judge? You spell it G-o-o-g-l-e.

Treasury Wine Estates overhauls portfolio

06 Aug 2024 - Treasury Wine Estates (ASX:TWE) is undergoing a major restructuring, including a $300 million impairment of its Treasury Premium Brands (TPB) division and the propose…

Woodside targets low-carbon future with US ammonia plant

06 Aug 2024 - Woodside (ASX:WDS) has stepped up its investment in the US, adding a planned ammonia-producing business to what could be a huge LNG project. Both investments are in t…

Coronado's tough half

06 Aug 2024 - Quarterly updates from the likes of Yancoal (ASX:YAL) and Whitehaven (ASX:WHC) have already given a big hint about the likely slide in June 30 earnings for the coal m…

Glencore's coal gamble

06 Aug 2024 - So, will the fate of Anglo American's revamp be effectively decided this week?

Lynas Rare Earths reserves surge

06 Aug 2024 - In yesterday’s market mayhem, another encouraging update by Lynas Rare Earths (ASX:LYC) on its reserves position went unnoticed.

Polymetals unveils lucrative Endeavor mine plan

06 Aug 2024 - Last Thursday, August 1, Polymetals Resources (ASX:POL) announced that it had completed the purchase of the Endeavor silver-lead-zinc mine near Cobar, in western NSW.…

Tesla struggles in China amidst tough market

06 Aug 2024 - July and the seven months from January to July were another tough period for Tesla in China, which again saw sales decline compared to the previous year.

Mars seeks snack dominance with $22 billion Kellanova bid

06 Aug 2024 - Mars, one of the world’s biggest companies dominating candies, food, chocolates, snacks, and especially pet food and pet care products, is aiming to expand its reach …

Argo holds steady amidst profit dip

05 Aug 2024 - Argo Investments (ASX:ARG) has maintained its final dividend for shareholders despite a dip in earnings to $253.0 million for the year ended June. This decline was du…

Ramsay warns of weaker underlying profit

05 Aug 2024 - Private hospital operator Ramsay Health Care (ASX:RHC) has warned that write-downs and impairment charges against some of its European businesses will weaken its unde…

Gold rallies on weak economic data

05 Aug 2024 - Gold surged and dipped dramatically during Friday's volatile session, ultimately finishing the week with a solid 4% gain and a new all-time high above $US2,500 an oun…

RBA on hold amidst global rate cuts

05 Aug 2024 - Japan aside, the global monetary policy easing cycle continued to gather pace over the last week. So, what will the Reserve Bank of Australia serve up this week?

Nasdaq battered into correction territory

05 Aug 2024 - It should be no surprise that the big sell-off has battered Nasdaq into correction territory (a fall of 10% or more from its most recent peak) — after all, that’s whe…

ASX to dive as Wall Street crashes

05 Aug 2024 - Another big drop is ahead for the ASX today (Monday) after Wall Street plummeted on Friday.