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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Concerns rise for China's economy: Weak trade data and property woes loom large

14 Aug 2023 - China's economic landscape has raised alarms for a second consecutive week, prompted by last week's dismal trade data and confirmation of a slide into deflation.

Allkem's merger and project updates

14 Aug 2023 - On Friday, the highly awaited annual results from the lithium group, Allkem (ASX:AKE), will be released, providing insights into the anticipated merger with Livent.

The commercial real estate crunch

11 Aug 2023 - The crunch in commercial real estate is rippling across American property, banking, and investment sectors.

Reassessing Jaguar Mine: Aeris Resources' mining dilemma

11 Aug 2023 - The Jaguar deposit, discovered in 2002, became an underground operation in 2007 under Jabiru Metals' management. Following various ownership changes, it ended up unde…

Increasing production and promising drilling results at Red 5's King of the Hills mine

11 Aug 2023 - Red 5 (ASX:RED) has reported a fourth consecutive month of increasing production from its King of The Hills mine, located in the Leonora region of WA’s Eastern Goldfi…

De Grey Mining announces new drill results

11 Aug 2023 - De Grey Mining (ASX:DEG) announced that new drill results from the Diucon and Eagle deposits at its major Hemi prospect in WA’s Pilbara have increased the likelihood …

Westgold revives historic Great Fingall mine and adopts sustainable power

11 Aug 2023 - Westgold (ASX:WGX) has finally given the green light to resume mining operations at the iconic Great Fingall mine near Cue in the Western Australian goldfields.

Newcrest Mining faces acquisition as annual profits drop by 10.8%

11 Aug 2023 - Newcrest Mining (ASX:NCM), the country's largest gold miner, is poised to be acquired by Newmont in a US$19 billion all-paper deal.

Baby Bunting confronts profit decline, trims dividend amid sales struggle

11 Aug 2023 - Shareholders of Baby Bunting (ASX:BBN) are set to receive a reduced final dividend for the 2022-23 financial year, as the company unveiled a nearly 50% decline in net…

Cettire shines in online luxury retail as others struggle to recover

10 Aug 2023 - In a retail landscape where companies like Kogan.com (ASX:KGN) and the online divisions of traditional retailers such as Myer (ASX:MYR) and Kmart are grappling with d…

Downer EDI shareholders face dividend cut amid challenging 2022-23 performance

10 Aug 2023 - Shareholders of Downer EDI (ASX:DOW) received disappointing news on Thursday, a week after management provided a glimpse into the company's disappointing performance …

QBE's resilient performance: Higher dividend amid catastrophe costs surge

10 Aug 2023 - Amid a surge in catastrophe costs during the first half of 2023, insurance titan QBE (ASX:QBE) demonstrated resilience, driven by robust investment returns and a subs…

AGL Energy reports losses due to write-downs, expects strong recovery

10 Aug 2023 - AGL Energy (ASX:AGL), a prominent player in the energy sector, faced a significant financial setback in the fiscal year ending on June 30, largely attributed to the a…

Boral reports solid profitability, withholds dividend under Seven Group Holdings

10 Aug 2023 - In a significant return to profitability for the year ending on June 30, building products conglomerate Boral has decided to withhold dividends, a move that holds no …

China faces deflation

09 Aug 2023 - The world's second biggest economy slid deeper into deflation last month, with no immediate sign of how it can escape this price vice without a massive spending campa…

TPG's successful bid: Invocare agrees to $1.8 billion buyout offer after months of negotiations

09 Aug 2023 - Private equity group TPG has achieved a significant breakthrough, securing the agreement of funerals group InvoCare for a buyout deal, marking the end of a five-month…

China's exports fall over 14%, imports fall by 12%

08 Aug 2023 - China's trade performance in July fell short of forecasts, with exports experiencing a steep decline of more than 14%, and imports falling by a significant 12%.

NAB business survey reveals uptick in inflation-related measures

08 Aug 2023 - NAB's latest business survey not only confirmed continuing resilience but also highlighted an uptick in "inflation-related measures."

James Hardie thrives amid global uncertainty

08 Aug 2023 - Price rises and better-than-expected sales volumes in the huge US market saw the building products group James Hardie (ASX:JHX; NYSE:JHX) survive the uncertainty in p…

Liontown secures extra funding for Kathleen Valley

07 Aug 2023 - Liontown Resources (ASX:LTR) has secured extra funding of up to $300m to help meet cost overruns at the Kathleen Valley mine in WA.

Restaurant Brands faces earnings halve due to weak sales growth and rising costs in 2023

07 Aug 2023 - Restaurant Brands (ASX:RBD), the NZ-based fast food chain operating across the Pacific, issued a disappointing trading update, attributing weak sales growth and incre…

Estia Health agrees to $838 million takeover offer by Bain and Co

07 Aug 2023 - Aged care homes specialist Estia Health (ASX:EHE) has entered into an agreement with Bain and Co for an $838 million takeover via a scheme of arrangement.

US inflation data for July released with potential surprises

07 Aug 2023 - Economists are pointing to possible rise in inflation for July.

ASX faces modest loss after underwhelming US jobs report triggers 4th day of declines on Wall Street

07 Aug 2023 - The ASX is poised to start with a small loss of around 12 points this morning, following the cooler than expected US jobs report for July, which left Wall Street unde…

Australia's June 30 earnings season begins with Commonwealth Bank in the spotlight

07 Aug 2023 - Australia's June 30 earnings season kicks off this week with 11 majors reporting, led by one of the biggest of all - the Commonwealth Bank - which releases its 2022-2…