Market News

Australian shares fell, following losses on Wall Street, driven by reduced demand for natural resource-related assets. At 11:55am, the S&P/ASX 200 is 0.3 per cent lower at 8,293.30. The SPI futures are pointing to a fall of 26 points. Best and worst performers The best-performing sector is Financials, up 0.27 per cent. The worst-performing sector […]

Bapcor Limited (ASX:BAP), an ASX-listed leader in the automotive aftermarket industry, is undergoing significant changes under its new Executive Chair and CEO, Angus McKay, who stepped into the role eight weeks ago. The CEO emphasised the company’s robust position, stating, “Bapcor is a strong and well-positioned business in the resilient auto aftermarket industry. I believe

Engineering services company Monadelphous Group (ASX:MND) has announced a series of new contracts and extensions valued at approximately $160 million. These deals span several key mining and industrial sectors across Western Australia. Among the awards, Monadelphous secured a pair of one-year contract extensions with Rio Tinto (ASX:RIO) for fixed plant maintenance and capital projects at

Challenger Limited (ASX:CGF) posted strong first-quarter results for FY25, with total assets under management increasing to $128 billion, up 1%. Total Life sales reached $2.4 billion, driven by a 26% rise in retail lifetime annuity sales and a significant 74% increase in Japanese annuities. However, fixed-term annuity sales saw a drop of 28% due to

Bank of Queensland (ASX:BOQ) has announced its FY24 results, reporting a significant rise in statutory net profit after tax to $285 million, a 130% increase from FY23. However, cash earnings after tax saw a 24% decline to $343 million, reflecting challenges in a competitive lending market and rising operational costs. BOQ’s net interest margin decreased

The Reject Shop (ASX:TRS) delivered a robust performance in FY24, reporting record sales of $852.7 million, a 4.1% increase year-on-year, despite operating in a challenging retail environment. The company attributes its growth to the successful implementation of a new merchandise strategy that emphasises consistently low prices on branded household essentials and seasonal items. CEO Clinton

Stocks fell sharply on Tuesday, taking a pause from their recent rally as traders analysed the latest corporate earnings reports. The Dow Jones Industrial Average dropped 324.80 points, or 0.75 per cent, closing at 42,740.42 after reaching a new intraday record before reversing course. The S&P 500 declined 0.76 per cent to finish at 5,815.26,

Oil prices plunged over 4% to a near two-week low on Tuesday, driven by a weaker demand outlook and a report indicating that Israel would refrain from attacking Iranian nuclear and oil facilities, which alleviated concerns about potential supply disruptions. Brent crude futures closed down $3.21, or 4.14%, at $74.25 a barrel, while West Texas

Westgold Resources (ASX:WGX) still expects its recent gold acquisition, Karora Resources, to provide an expected second half boost in production, revenue and earnings after reporting a lift in September quarter production. Westgold completed the takeover of Canadian-listed (but Australian) Karora Resources in August, for $1.2bn. WGX said it produced 77,369 ounces of gold from its

The surging Australian dollar, the gold price and higher production has seen NSW Central West gold miner and copper explorer Alkane (ASX:ALK) book a 33% surge in revenue for the three months to September. The company told the ASX on Monday that production rose to 18,418 ounces for the quarter, from 15,855 ounces in the