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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Sag in iron ore price doesnt miss Rio

23 Feb 2023 - Rio Tinto (ASX:RIO) has fallen into line with rivals BHP and Fortescue by revealing a sharp fall in revenues, earnings and dividends for 2022 as iron ore prices sank …

Trading Tidbits: TAH, PWR, SEK, SGP

22 Feb 2023 - A further flurry of earnings reports released Tuesday, including from wagering group Tabcorp Holdings (ASX:TAH), car dealer Peter Warren (ASX:PWR), online jobs market…

Coles breaking records and (finally) smashing ceilings

22 Feb 2023 - Supermarkets giant Coles (ASX:COL) has appointed its first female CEO in its 100-year plus history after reporting a cost cutting-driven record interim profit of $643…

BHP unperturbed about performance slippage

22 Feb 2023 - Despite sharp falls in revenue, earnings and dividends for the December half year, BHP Group (ASX:BHP) CEO Mike Henry remains pretty upbeat about the rest of the fina…

Iron ore, coal each with problems of its own

21 Feb 2023 - Mixed signals from two commodity markets key to Australia’s strong trade account and the earnings of some of the country’s major miners.

Bourse Discourse: BEN, ADH, A2M

21 Feb 2023 - The final week of this reporting season kicked off yesterday with results from, among others, regional bank Bendigo and Adelaide (ASX:BEN), retailer Adairs (ASX:ADH) …

Reliance taps into workforce to keep costs in check

21 Feb 2023 - Plumbing supplies group Reliance Worldwide (ASX:RWC) says it will cut jobs to get an annual cost reduction of $US15 million after a 10% drop in interim earnings to $U…

Is Northern Star approaching its zenith?

21 Feb 2023 - A record interim dividend announced Monday for shareholders in Northern Star Resources (ASX:NST), but is this about as good as it will get for the gold miner as it fa…

BlueScope shares hit hard on earnings slide

21 Feb 2023 - BlueScope Steel (ASX:BSL) shares ended down 10% on Monday after orders for steel slid in most of its major regions in the six months to December, taking prices and ea…

Commodities corner: Venture a highway

20 Feb 2023 - LIT is a Wall Street-listed ETF focused on lithium – producers like Albemarle, battery makers and car companies like BYD, Ganfeng, Tianqi and CATL – and it is startin…

Earnings round-Up: Generals and majors

20 Feb 2023 - The record interim profit and dividend from the Commonwealth Bank last failed to turn sentiment and in this final week of the December 31 reporting season, it will be…

Diary: Sound advice

20 Feb 2023 - Wages here, central bank minutes here and in the US, a central bank rate rise in New Zealand, mid-month activity surveys for many economies; earnings here, in the US,…

Monday market minutes: Blunted horns

20 Feb 2023 - Wall Street equities and bond dealings will be closed tonight for the Presidents’ Day holiday, so foreign investors will be flying blind for a day as they wonder abou…

Big US fundies not biting at bear market rally

18 Feb 2023 - In January big global fund managers were turning away from US shares – and promptly missed Wall Street’s 6%-plus rally and 10.7% rise for the embattled Nasdaq, though…

WiseTech on the blume but at what cost?

18 Feb 2023 - WiseTech Global (ASX:WTC) has once again raised investor concerns about its appetite for big deals after revealing its second multi-million-dollar US buy in three wee…

Mallina expansion buoys DeGrey Mining

18 Feb 2023 - De Grey Mining (ASX:DEG) has confirmed it has another potentially large gold prospect in its still-growing Mallina complex of deposits in the Pilbara region of WA.

ICE market dominance slowly melting away

18 Feb 2023 - In a new report, credit rating firm Fitch Ratings reckons China’s new energy vehicle (NEV) sales will grow strongly again this year, despite the ending of most purcha…

Lucky number eight for RBA with labour data

17 Feb 2023 - The Australian jobs market has seemingly cracked at last under the pressure from eight rate rises from the Reserve Bank.

Ups and downs at the big end of town

17 Feb 2023 - Thursday’s ASX session saw investors seeming to prefer the results announced by the NAB (ASX:NAB) and Telstra (ASX:TLS) to that of fallen financial giant AMP (ASX:AMP…

Resource Rumblings: WHC, S32, EVN

17 Feb 2023 - The reporting season rolled on Thursday with half-yearly results out from three of the local mining fraternity: South32 (ASX:S32), goldie Evolution Mining (ASX:EVN) a…

Newcrest board knocks back bid, pays sweetener

17 Feb 2023 - Newcrest (ASX:NCM) might have rejected the all-paper takeover approach from Newmont yesterday, but it also failed to maintain dividend payout to its shareholders for …

Corporate Chatter: TWE, COH, VCX

16 Feb 2023 - A veritable plethora of earnings reports through the ASX today, from which we have sifted those by Treasury Wines (ASX:TWE), Cochlear (ASX:COH) and Vicinity Centres (…

CBA slumps 5% despite record earnings, dividend

16 Feb 2023 - Ouch, didn’t see that slide coming in the wake of the record interim earnings and dividend from the Commonwealth Bank (ASX:CBA) yesterday.

Setback for WES at Mount Holland lithium project

16 Feb 2023 - It has become a common story from Australia’s growing lithium mining and processing sector – the start-up deadline set for first production from a major project such …

Tough slog persists for Fortescue

16 Feb 2023 - As expected after January’s half year production and sales update, Fortescue Metals Group (ASX:FMG) has again cut its dividends as earnings fell 15% to $US2.36 billio…