News
Downer EDI Reports Increase in Net Profit
Downer EDI reports a 5.9% increase in net profit for the first half of the year, surpassing last year's figure. Improved dividend and cost-cutting measures contribute to the company's positive financial performance. Downer EDI remains optimistic about future prospects despite a slight decrease in total revenue.
Berkshire Hathaway Inc. Reports Second Consecutive Day of Losses
Berkshire Hathaway Inc. Cl B stock declined for the second consecutive day amidst a general downturn in the stock market. Trading volume remained slightly below average at 3.4 million shares.
G1 Therapeutics Faces Challenges as Cancer Study Updates Impact Stock
G1 Therapeutics faces challenges as a cancer study update causes a drop in stock value. The company remains committed to its Phase 3 trial.
Gold Fields Misses Production Target for 2023
Gold Fields, the South African gold miner, has reported a slight miss on its production target for 2023. Costs have risen as anticipated. The all-in costs for 2023 are projected to be $1,512 per ounce. Headline earnings per share for continuing operations are expected to decline compared to 2022.
UK Economic Development Report: Q4 2021
The UK economy is projected to fall into a recession in Q4 2021, but economists argue it is more accurate to describe it as stagnant. Weakness in household consumption and calls for an interest rate cut are key concerns for the future. The main image shows a chart depicting the decline in the UK's GDP.
Carl Icahn Reveals 9.9% Stake in JetBlue Airways
Activist investor Carl Icahn reveals a 9.9% stake in JetBlue Airways and discusses potential board representation. The investment has caused JetBlue shares to surge by 17%. JetBlue appoints new CEO and faces setback in acquisition plans.
Challenger Reports Strong Half-Year Profit Growth
Challenger, the leading annuity provider in Australia, reports a strong half-year profit growth with record annuity sales and robust net flows. Their net profit increased by 80% and revenue rose by 46%.
Magnificent Seven Tech Stocks Hint at Dividend Surge
The Magnificent Seven tech stocks, including Meta Platforms Inc., are paving the way for a wave of dividends in the near future. Investors are eager for announcements from other major players like Amazon and Alphabet. Market watchers anticipate a surge in dividend activity.
Dutch Court Orders Halt to Export of F-35 Fighter Jet Parts to Israel
Dutch court orders halt to export of F-35 fighter jet parts to Israel, citing potential involvement in war crimes. Ruling subject to appeal.
Glencore Looks for Buyer for Stake in Koniambo Nickel Joint-Venture
Glencore plans to divest its stake in the Koniambo Nickel joint-venture in New Caledonia due to ongoing losses caused by declining nickel prices.