Telstra back in the winners’ circle but A-REITs go missing
The annual results season is offering clear signals; Telstra and CSL are firing again but there’s no such luck for ASX, Seek or Seven Media.
ASX
ASX earnings outlook trimmed as costs, commodities take toll
The ASX 200 has almost fully recovered from a US growth scare at the start of the month, but corporate earnings forecasts are being reined in.
ASX 200 trims losses late, 10-day winning streak over; Inghams tanks
APRA slaps ANZ with $250m penalty after trading scandal. Rex administrators given more time to find buyer. Elanor scraps dividend. ASIC’s win in crypto firm fight. Inghams’ profit miss, mixed guidance. Legal battles weigh on Fletcher.
Restructures, buyouts add fuel to Moelis Australia earnings
Moelis Australia, the advisory firm within MA Financial, is on track to make more money this year with more deals in the market.
Medibank misses policy growth target in challenging year
The ASX-listed insurer says Australia lags global peers in the ‘health transition’ away from acute care, as it delivered a profit in line with expectations.
ASX rises for tenth straight day; Megaport, Collins, G8 dive
Weak guidance weighs on Megaport. Collins Foods’ first-half earnings warning. Dividend surprise lifts Northern Star. Super Retail hits record high on special dividend amid scandal. Richard White adds $1bn more to his coffers.
Recognising personal biases vital for smarter investing
Investors failing to recognise personal biases risk making poor investment decisions, says Ben Brownette, a behavioural consultant for ASX-listed businesses.
Aussie rich-lister makes $2.1bn in a day
One of Australia’s richest people became $2.1bn better off on Wednesday as his tech firm led the Australian share market.
ASX rises after late surge; Brambles, Healius, WiseTech top gainers
Energy sector dips while tech stocks soar. Santos, Corporate Travel, IAG, Domino’s down earnings miss expectations. Brambles’ $500m buyback wins over investors. New CEOs at Perpetual, Atlas Arteria as PEXA search begins. WiseTech hits record.
The under the radar companies making serious money
They may not be the biggest names on the ASX but companies like ARB, that was founded by a band of brothers in Melbourne’s suburbs, are seriously delivering for investors.
Aussie property developer posts $1.5bn loss
A major commercial property player has taken a huge financial hit, as negativity around iron ore leaves room for investors to pounce.
ASX 200 rises; Judo top gainer; Yancoal leads declines
Inflation will be ‘slow to decline’: RBA minutes. Dexus sinks on FY25 distribution warning. Ansell’s result better than expected. Judo tops expectations. Reliance results ‘operationally strong’. Yancoal slumps on weak first-half. Baby Bunting, Monadelphous gain.
China blow to cost Australia billions
Chinese manufacturing, and it turns out Chinese babies, have left their mark on the ASX on Monday despite the market closing up.
Impossible duo: Capital preservation and growth
Like world peace or zero-calorie Lamingtons, investment schemes promising capital preservation and growth are pure fiction.
Reporting season points to improving demand outlook
Australia’s August results announcements are giving hope of an earnings recovery linked to an improving demand outlook despite higher interest rates.
Poor home design, construction driving claims: Suncorp
The insurer has warned its premiums will rise more than inflation, with CEO Steve Johnston naming lithium battery fires and burst water pipes as growing risk areas.
Plibersek’s mine ban ‘threatens renewables, farming, housing’
The head of a $1bn NSW mining project has used an extraordinary statement to the ASX to blast Tanya Plibersek’s decision to declare an indigenous protection order over the project, saying it threatens all future development in Australia.
ASX 200 up; banks gain; A2M, BlueScope dive
Mixed reactions to Westpac update. BlueScope falls on FY24 profit drop. A2 Milk plummets on missed expectations. Lendlease losses grow. Australian Vintage, SkyCity flag impairments. Reece tanks on near-term challenges.
Why technological transformation comes at a cost
As the ASX endures legal action over a botched tech upgrade, Oliver Wyman’s analysis has found IT overhauls typically experience huge cost overruns and delays of more than two years.
Share tips: the impact of our rising unemployment
An unloved ASX-listed company is struggling as the jobless rate hits its highest level in years, but the bad news appears priced in.
Original URL: https://www.theaustralian.com.au/topics/asx/page/20