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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Chile's SQM and Azure Minerals: Collaboration on Andover Lithium deposit

16 Aug 2023 - One way or another, Chile’s SQM states its involvement with Azure Minerals (ASX:AZS) in developing the highly prospective Andover lithium deposit in the Pilbara regio…

Struggles in China's property sector: Country garden, investment, and house prices

16 Aug 2023 - The bad news about China’s embattled property sector keeps on coming, with major player Country Garden struggling to remain solvent, investment sliding again in July,…

Tough times ahead for Mirvac

16 Aug 2023 - The year 2023-24 is turning out to be quite challenging for property developer and investor Mirvac, as the company faced a loss for the period ending on June 30.

Lower returns expected for property investors

16 Aug 2023 - Dexus revealed that adjusted funds from operations witnessed a decline of over 3%, amounting to $555 million for the fiscal year ending on June 30.

Pact packing group faces losses

16 Aug 2023 - Melbourne-based packing group Pact (ASX:PGH) faced significant challenges in the 12 months leading up to June 30, resulting in financial losses and the omission of a …

Challenges continue for Seven West Media

16 Aug 2023 - Seven West Media reported declines in revenue and profits for the fiscal year ending on June 30.

Higher for longer: US interest rates poised for increase after strong July retail sales

16 Aug 2023 - US interest rates are anticipated to remain elevated for an extended period following the surprising surge in July's retail sales, which exceeded expectations.

US bank shares decline as Fitch hints at possible credit downgrades

16 Aug 2023 - Shares in US banks experienced a drop on Tuesday following indications that the Fitch ratings group might follow rival agency Moody's in downgrading the credit rating…

Shareholders to receive lower dividends as Fletcher Building reports earnings decline

16 Aug 2023 - Shareholders in Fletcher Building (ASX:FBU) are set to receive reduced final and full-year dividends following a significant drop in earnings for the year ending on J…

China's economy faces challenges: Weak data prompts central bank action

15 Aug 2023 - The weak final data dump for July from China’s National Bureau of Statistics easily explains why the country's central bank popped up with a surprise rate cut, the se…

Wage growth slows

15 Aug 2023 - No wage price-spiral for economists, the Reserve Bank, and business media to obsess over after the Wage Price Index for the June quarter of 2022-23 eased from the lev…

Temple & Webster's steady rebound following a challenging year

15 Aug 2023 - Temple & Webster (ASX:TPW), a standout during the pandemic's online retailing surge, is now on the path to recovery after facing difficulties for most of the 2022-23 …

Cochlear anticipates robust performance for 2023-24

15 Aug 2023 - Hearing device manufacturer, Cochlear (ASX:COH), is poised for a strong performance in the fiscal year 2023-24, following a commendable performance until June.

Treasury Wine Estates anticipates improved performance in 2024

15 Aug 2023 - Treasury Wine Estates (ASX:TWE) is aiming for a stronger performance in 2024, as the year leading up to June 30 proved to be less dire than initially anticipated.

Shareholders to receive more from CSL as revenue and earnings surge

15 Aug 2023 - Shareholders of the blood products giant CSL (ASX:ASX) are set to benefit as the company increased its revenue and earnings in the year leading up to June 30.

NAB announces $1.5 billion share buyback as Q3 cash earnings rise

15 Aug 2023 - The National Australia Bank (ASX:NAB) revealed a $1.5 billion share buyback on Tuesday morning following news of a modest 5.8% increase in third-quarter cash earnings…

Warren Buffett's Berkshire Hathaway develops taste for US home builder stocks

15 Aug 2023 - According to the firm's 13F (fund manager) filing with the US Securities and Exchange Commission after trading ended on Monday, Buffett bought around $4.6 billion wo…

Hong Kong shares slide as crisis deepens for Chinese property developer country garden

15 Aug 2023 - A new crisis enveloped the beleaguered Chinese property developer, Country Garden, leading to a sell-off in Hong Kong shares on Monday.

Ansell optimistic despite challenges

14 Aug 2023 - The decline of the Covid-19 boom has continued to adversely affect Ansell during 2022-23. However, the management is optimistic about improving conditions.

Argo Investments shows modest earnings lift

14 Aug 2023 - Shareholders in Argo Investments (ASX:ARG), the country’s second-largest listed investment company, will receive a slight increase in dividend income for the year end…

Beach Energy changes CEO

14 Aug 2023 - Beach Energy (ASX:BPT) announced on 9 August that it had appointed Brett Woods as Managing Director and Chief Executive Officer.

Aurizon dividends shrink

14 Aug 2023 - Shareholders of rail group Aurizon (ASX:AZJ) are facing yet another year of reduced dividends as the company grapples with weak earnings.

JB Hi-Fi hit by 25% reduction in dividend

14 Aug 2023 - A nearly 25% reduction in the size of its final dividend revealed the true story behind JB Hi-Fi's (ASX:JBH) annual results released on Monday.

The Australian June 30 reporting season gains momentum

14 Aug 2023 - The Australian reporting season for June 30 is picking up steam this week, with over 60 ASX 200 companies set to release their final or interim results.

Commodities brace for second week of scrutiny with Chinese economic data

14 Aug 2023 - Commodities are poised to undergo another round of scrutiny driven by China's economic data, marking a second week of potential challenges. The forthcoming final repo…