Market News

Winston Sammut, an investment manager for Euree Asset Management, discusses trends across property, valuations, risks of devaluation, M&A activity, and opportunities moving forward. Paul Sanger: We’re talking today with Winston Sammut, an investment manager at Euree Asset Management. Winston has over 40 years investment experience, including 20 years in the listed property industry. Winston was […]

At the closing bell, the S&P/ASX 200 was 0.78 per cent lower at 7,257.10. The price of iron ore has been steadily increasing, with recent futures pricing in Singapore pushing it past $115 per tonne. Today, iron ore futures for October contracts have risen by 1.1%, reaching $116.20 per tonne. This upward trend follows a

Typically, corporate fixed-interest fund raisings don’t make headlines, but when it’s BHP (ASX:BHP), the world’s largest mining company and a major player in financial markets, a substantial $US4.7 billion debt issuance demands close attention. BHP’s significant fundraising through a US bond issue occurred amid decidedly “non-normal” times. Interest rates have surged due to central banks’

In the span of just six weeks, Macquarie Group (ASX:MQG), the largest investment bank in the country, has experienced its second downgrade. The bank’s shares plummeted more than 3% following the recent update. Macquarie Group’s asset management division revised its short-term outlook, anticipating that returns from potential asset sales would extend into the latter half

Australia’s economic growth in the three months leading up to June, as well as for the 2022-23 financial year, was hindered by weaker household consumption. Nevertheless, the results surpassed many forecasts made prior to the release of the national accounts. The Australian Bureau of Statistics reported that GDP increased by 0.4% in the June quarter

GBM Resources Limited (ASX:GBZ) Managing Director Peter Rohner provides an update on the company’s projects, discussing the JV with Newcrest Mining (ASX:NCM) and recent divestments. Abbey Phillipps: We’re talking today to the Managing Director and CEO of GBM Resources (ASX:GBZ), Peter Rohner. Peter, thanks for joining us, and welcome to the network. Peter Rohner: Thanks,

Daniel Ortisi, Equity Research Analyst at Stock Doctor, discusses the winners and losers from reporting season and gives advice on portfolio positioning for FY24. Paul Sanger: Today we are looking back over the reporting season with Stock Doctor equity research analyst Daniel Ortisi. Stock Doctor is a platform that uses propriety quantitative mythology to provide

Sequoia Financial Group Limited (ASX:SEQ) CEO and Managing Director Garry Crole discusses financial highlights, drivers of growth and revenue going forward, M&A, and cash deployment. Abbey Phillips: I’m Abbey Phillips with the Finance News Network. We’re talking today with Sequoia Financial Group (ASX:SEQ). The company is an integrated financial service group providing products and services

Live Verdure Ltd (ASX:LV1) has successfully completed $1.68 million placement to fund NPD, retail growth & partnership opportunities. Proceeds of the raising will also enable the Company to progress partnership discussions and conduct further due diligence on prospective partnership and M&A opportunities. Shares are trading 79.35 per cent higher at 16.5 cents. Besra Gold (ASX:BEZ)

At noon, the S&P/ASX 200 is 0.46 per cent lower at 7,280.30. Australia’s GDP grew by 0.4% in the three months to June, surpassing expectations due to increased business investment, despite weaker household spending and declining productivity, resulting in an annual GDP growth rate of 2.1% with expectations of further moderation throughout the year, indicating