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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Horizon & Greenstone merger

15 Feb 2024 - It is, in fact, the third deal if you go back to the Genesis bid for the Leonora-based assets of St Barbara in late 2022 and early 2023 that Silver Lake tried to gazu…

Fletcher Building plummets

14 Feb 2024 - Fletcher Building (ASX:FBU) shares dropped another 7% on Wednesday after hours of confusion about whether it should trade during a market briefing.

GrainCorp stuns market with drastic earnings guidance cut

14 Feb 2024 - GrainCorp (ASX:GNC) sent shockwaves through the market on Wednesday as its shares plummeted by a staggering 16%.

Property giant Dexus grapples with substantial losses

14 Feb 2024 - Dexus (ASX:DXS), the prominent property giant, finds itself in the red once again, recording a loss exceeding half a billion dollars for the six months leading up to …

Evolution Mining declares another interim dividend

14 Feb 2024 - Another interim dividend for shareholders in Evolution Mining (ASX:EVN) after a modest result for the six months to December, highlighted by the consolidation of its …

Seven Group maintains steady dividend despite record revenue and earnings

14 Feb 2024 - Seven Group Holdings (ASX:SVW), led by Kerry Stokes, has once again demonstrated its resilience in the face of economic fluctuations, announcing record revenue and ea…

Disappointing interim results for Commonwealth Bank amidst bearish forecast

14 Feb 2024 - So much for all the bullish forecasts about the Commonwealth Bank’s (ASX:CBA) interim result. Yes, a cash profit of just over $5 billion was reported, but the underly…

Investors stunned by US inflation dip

14 Feb 2024 - Investors, especially on Wall Street and later today in Australia, received the rude shock they deserved from the slight fall in US Consumer Price Inflation in Januar…

Fletcher Building resumes trading amidst challenges

14 Feb 2024 - Fletcher Building (ASX:FBU), a prominent player in the construction industry, is poised to resume trading on the Australian Securities Exchange (ASX) at 10 am today, …

Sluggish labour market: Seek takes a hit

13 Feb 2024 - Shares of the online employment giant, Seek (ASX:SEK), took a dive of 10% during early trading as investors swiftly expressed disapproval of its interim results refle…

NAB's monthly business survey highlights concerns

13 Feb 2024 - In a recent report by the National Australia Bank (ASX:NAB), a noticeable shift in business conditions signals a softer beginning to 2024 for many sectors. The latest…

Strong performance from underdogs Temple & Webster and Breville

13 Feb 2024 - The recent lackluster performance of JB Hi-Fi (ASX:JBH), marked by weak profits and dividend cuts, has drawn attention to the resilience and success of smaller player…

Macquarie Group faces profit decline

13 Feb 2024 - Macquarie Group (ASX:MQG), renowned for its ‘annuity’ style businesses in asset management, finds itself grappling with a significant decline in profit for the fiscal…

CSL navigates setbacks

13 Feb 2024 - Blood products behemoth CSL (ASX:CSL) has demonstrated resilience in the face of Monday’s setback concerning a potential blockbuster drug trial, showcasing an impress…

Seven West Media: A saga of decline and disappointment

13 Feb 2024 - Shareholders in Seven West Media (ASX:SWM), the proprietors of the Seven TV Network, have languished without dividends for over six years, underscoring the dismal per…

Glencore to divest stake in nickel operation

13 Feb 2024 - Glencore has announced intentions to sell its 49% stake in the Koniambo Nickel SAS (KNS) venture, a venture wrought with losses due to plummeting nickel prices exacer…

Alkane Resources strikes gold

13 Feb 2024 - Alkane Resources (ASX:ALK) has made waves with its latest discovery of high-grade gold and copper deposits at the Northern Molong porphyry project in Central NSW.

Fletcher Building has shares suspended amidst grim news

12 Feb 2024 - In a dramatic turn of events, Fletcher Building (ASX:FBU), a prominent trans-Tasman building products giant, had its shares suspended abruptly yesterday.

JB Hi-Fi reports lower earnings

12 Feb 2024 - Despite analysts claiming that JB Hi-Fi (ASX:JBH), the country’s leading consumer electronics retailer, surpassed expectations with its lower result, the near 20% sla…

Beach Energy records $721m write-down

12 Feb 2024 - In the six months to December, Kerry Stokes's 30%-controlled oil and gas producer, Beach Energy (ASX:BPT), faced a substantial setback, taking a $721 million write-do…

Aurizon boosts interim dividend amid favourable weather conditions

12 Feb 2024 - The absence of La Nina-driven rain and flooding events in the coal fields and ports of central Queensland and the NSW Hunter Valley helped rail freight giant Aurizon …

CAR Group boosts interim dividend by 21%

12 Feb 2024 - CAR Group (ASX:CAR) has lifted its interim dividend by 21% to a 50% franked 34.5 cents a share after reporting a solid outcome of its expansion into the US and Brazil…

Synlait Milk's profit projections plummet

12 Feb 2024 - The froth continues to vanish for former boom stock, NZ-based Synlait Milk (ASX:SM1), judging by a surprise slashing of guidance issued Monday morning. In doing so, i…

US quarterly earnings rebound strengthens for S&P 500 companies

12 Feb 2024 - As of Friday's market close, the momentum of the US December quarter earnings rebound persists, with over two-thirds of S&P 500 companies having already reported, exc…

Australian December half-year reporting season kicks off with surprises

12 Feb 2024 - The Australian December half-year reporting season has begun with a flurry of activity, showcasing a mix of positive surprises and anticipated challenges for investor…