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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Qantas PR campaign backfires

04 Sep 2023 - Qantas (ASX:QAN) continued to slide on Monday, as the airline's attempts to launch a PR campaign resulted in an unexpected and embarrassing apology.

Liontown Resources considers upgraded takeover offer from Albemarle

04 Sep 2023 - The board of Liontown Resources (ASX:LTR) has granted limited due diligence to Albemarle, potentially setting the stage for a deal.

Fed likely to hold rates steady as August job figures bring mixed economic signals

04 Sep 2023 - The Federal Reserve is expected to refrain from raising rates during its upcoming two-day meeting this month, following a positive set of job figures for August on Fr…

Anticipating a significant week for Australia's economy: RBA rate decision and GDP figures

04 Sep 2023 - A significant week lies ahead for the Australian economy, investors, and consumers, featuring a Reserve Bank interest rate decision on Tuesday and the release of June…

Country Garden's reprieve and China's property sector: A fragile balance

04 Sep 2023 - Reports over the weekend indicate that Country Garden has secured creditor approval to extend payments for a 3.9 billion yuan ($US540 million) onshore private bond.

Australia's June half earnings season recap and upcoming reporting challenges

04 Sep 2023 - The Australia June half earnings reporting season has concluded, yet there remain some July 31 balancing companies to report, in order to finalize the 2022-23 financi…

Market insights: September's arrival and global trading trends

04 Sep 2023 - Trading in the US is suspended tonight due to the Labor Day holiday, marking the end of the more relaxed summer period and the anticipation of a more serious trading …

Commodity markets rally with positive gains, led by oil, iron ore, and copper

04 Sep 2023 - Commodity markets experienced an uncommonly positive week as various commodities, including iron ore, gold, copper, and oil, saw significant gains.

Australian regulator seeks record penalties of over $250 million against Qantas

01 Sep 2023 - The competition and consumer regulator is pursuing unprecedented penalties exceeding $250 million against Qantas, accusing the airline of selling tickets for cancelle…

Global dividends reach all-time high in Q2 with strong bank contributions

01 Sep 2023 - Global dividends achieved a historic milestone in the second quarter, propelled by major banks, particularly in Europe, which accounted for half of the growth, offset…

Perseus Mining achieves record revenue and earnings, forecasts continued growth

01 Sep 2023 - Perseus Mining (ASX:PRU), an African-focused gold producer, celebrates a remarkable year ending June 30, as the company reports record revenue and earnings for the 12…

Gold Road Resources reports record revenues and profits, increases dividend

01 Sep 2023 - Gold Road Resources (ASX:GOR), a mining company with a significant stake in the Gruyere gold mine in WA, along with shareholdings in De Grey Mining and Yandal Resourc…

China's property woes deepen: Country Garden warns of debt woes as property crisis escalates

31 Aug 2023 - As the week unfolded, China faced a series of critical challenges that reverberated through its financial and real estate sectors.

Fortescue Metals witnesses departures: CEO Fiona Hick and CFO Christine Morris step down

1 Sep 2023 - Fortescue Metals Group (ASX:FMG) has recently experienced a notable series of leadership changes, as both its CEO, Fiona Hick, and Chief Financial Officer (CFO), Chri…

Harvey Norman shares rise despite decline in 2022-23 results

31 Aug 2023 - Harvey Norman (ASX:HVN) saw a 2.6% increase in its shares on Thursday as investors breathed a sigh of relief that the 2022-23 financial results were not as dire as an…

ACCC takes legal action against Qantas for breach of consumer rights over cancelled flights

31 Aug 2023 - The Australian Competition and Consumer Commission (ACCC) has initiated legal proceedings against Qantas (ASX:QAN) in the Federal Court, alleging violations of consum…

IGO's record lithium-derived payout cushions impact of nickel asset writedowns

31 Aug 2023 - In the wake of significant writedowns on the value of its nickel assets acquired through the expensive Western Areas takeover, IGO (ASX:IGO) is poised to alleviate an…

Chalice Mining shares tumble 25% amid concerns over multi-billion dollar project costs

31 Aug 2023 - Chalice Mining witnessed a 25% drop in shares on Wednesday as short-term investors and speculators reacted to the initial cost estimates of the Gonneville critical mi…

Brambles reaches 52-week high on strong results

30 Aug 2023 - On Wednesday, Brambles (ASX:BXB) shares soared to a 52-week high of $15.22, driven by robust financial results and a positive outlook for 2023-24.

Flight Centre dips despite strong 2022-23 results

30 Aug 2023 - Flight Centre (ASX:FLT) shares experienced a nearly 3% decline at one point yesterday, despite the company unveiling a better-than-expected performance for 2022-23 as…

Divergent inflation trends emerge in July data

30 Aug 2023 - July's inflation data showcased significant differences between the headline rate and the core reading, leading to contrasting market reactions as both figures experi…

Chalice Mining's Gonneville Project advances with favorable scoping study result

30 Aug 2023 - Chalice Mining (ASX:CHN) has achieved a significant milestone in its Gonneville mining project located in Western Australia, as the initial Scoping Study presents pro…

Best Buy's quarterly performance falls short despite positive Wall Street reaction

30 Aug 2023 - Best Buy's latest quarterly performance was touted as exceeding Wall Street's expectations, yet closer examination reveals a considerable weakness in both headline fi…

BlueScope's reserved response to $57.5 million fine

29 Aug 2023 - BlueScope's concise statement regarding its $57.5 million Federal Court fine raises eyebrows.

MilkLab shrinks its annual loss

29 Aug 2023 - Noumi (ASX:NOU), the company behind MilkLab and a range of plant-based dairy products, formerly known as Freedom Foods, has shown promising progress with a sharp redu…