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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WA lithium commitment remains unwavering

04 May 2023 - There’s significant expansion afoot in WA’s lithium industry as companies large and small ignore the nervous nellies among stockbrokers and analysts and plough on wit…

Inflation, rates finally lower volume on JB Hi-Fi

04 May 2023 - The reality of the Reserve Bank’s rate rises and falling real household incomes has finally caught up with electronic and whitegoods retailer JB Hi-Fi (ASX:JBH) which…

Amcor shares crumple on grim outlook

04 May 2023 - Shares in Amcor (ASX:AMC), Australia’s global packaging giant, fell nearly 12% at one stage on Wednesday after the company dropped June 30 earnings by 5% and warned t…

Retail sales well continues to dry up

04 May 2023 - Australia’s retail sales continued to drift in March, according to the latest monthly report from the Australian Bureau of Statistics.

Qantas upgrades internally for new Head Pilot

03 May 2023 - Qantas (ASX:QAN) has gone in-house for a new CEO, announcing that Chief Financial Officer Vanessa Hudson will replace outgoing head Alan Joyce in November.

Steady quarter for Woolies, all things considered

03 May 2023 - Supermarket giant Woolworths (ASX:WOW) has topped Coles in reporting an 8% rise in March quarter sales after its rival revealed a 6.5% rise of its own in its quarterl…

Local media on a sticky wicket right now

03 May 2023 - So will Nine Entertainment (ASX:NEC) joint its rival Seven West Media (ASX:SWM) in downgrading the health of the TV ad market and the impact on its earnings when it p…

Nobody expected the RBA requisition

03 May 2023 - Was it April’s second monthly lift in house prices that ‘did it Guv,’ as Analysts and investors looked for someone to blame for the Reserve Bank’s surprise 0.25% rate…

Newmont need for Newcrest becomes ever clearer

02 May 2023 - The weak production effort from Newmont Corp in the first quarter of this year with a 40% slump in net profit, explains why it really wants Australia’s Newcrest Minin…

Origin leans into takeover with bullish update

02 May 2023 - Judging by the very strong trading update yesterday from Origin Energy (ASX:ORG), the price caps and other government moves to rein in rising prices that so worried i…

Bottom-pickers unite to turn Oz property market

02 May 2023 - A rude wake-up call for the Reserve Bank, with all those gloomy forecasts of a big slump and problems for borrowers with little equity blown out of the water by a tur…

Bridge Street Bites: TCL, ABY, BST

02 May 2023 - The money is rolling in for toll road operator Transurban Group (ASX:TCL) from the recovery in driving activity by motorists after the ending of the pandemic and its …

Monday market minutes: Mojo a no go

01 May 2023 - Four months into 2023 and global financial markets still can’t rediscover the certainty of January and its strong start to the year seems oh so long ago.

Diary: High roads and low roads

01 May 2023 - An exceptionally busy week for markets with interest rate decisions, quarterly earnings, employment and wages data and economic activity surveys from major central ba…

Commodities corner: Much ado about nothing

01 May 2023 - Commodity prices went nowhere for most of April as China’s re-opening has gone flat, oil slid sideways, iron ore prices weakened and the health of the US economy the …

Beijing caught unawares by weak survey data

01 May 2023 - China’s re-opening boom has stumbled before it got going, judging by the details of the first set of figures for April.

Concerted move underway for Chinese EV dominance

29 Apr 2023 - Stand by for a flood of cars from China – particularly electric vehicles from the likes of global leader BYD – over the rest of 2023 and into 2024.

Is the bloom finally coming off the local lithium boom?

29 Apr 2023 - The lithium boom looks to be fading rapidly for the country’s major producer Pilbara Minerals (ASX:PLS), thanks to weakening prices in the vital Chinese battery marke…

Gold steady, copper down for Newcrest

28 Apr 2023 - Takeover target Newcrest Mining (ASX:NCM) reported a reasonable return for the three months to March – while gold production dipped by around half a per cent from the…

Outages pressure Northern Star at the costs level

28 Apr 2023 - Northern Star Resources (ASX:NST) has lifted its cost guidance following unplanned mill outages which impacted the company’s operations in Kalgoorlie (the SuperPit) a…

Healthy day for Blackmores on Kirin overture

28 Apr 2023 - Shares in health supplements company Blackmores (ASX:BKL) surged 22% on Thursday after a $1.9 billion bid at $95 per share by Japanese brewer Kirin, owner of the Lion…

No joy for Microsoft in Activision deal

27 Apr 2023 - Microsoft is very unhappy that British antitrust regulators have blocked its proposed $US69 billion ($A105 billion) purchase of video game maker Activision Blizzard.

Messy March quarter leads to MinRes selloff

27 Apr 2023 - A weak March quarter update from Chris Ellison’s Mineral Resources (ASX:MIN) saw the shares fall more than 10% at one stage on Wednesday after the company revealed de…

Strong Lynas update ahead of Malaysia ruling

27 Apr 2023 - Ahead of what could be a company redefining court hearing in Malaysia tomorrow (Friday) Lynas Rare Earths (ASX:LYC) reported a record neodymium-praseodymium (NdPr) pr…

Synlait hits record low as outlook spoils

27 Apr 2023 - A bad day Wednesday for Kiwi dairy groups Synlait Milk (ASX:SM1) and A2 Milk (ASX:A2M) as both came under pressure from nervy investors.