Today
ASX to slip, Wall St rally pauses, bitcoin eases
Australian shares are set to dip at the open as global investors hit pause, waiting for more earnings as reporting season gathers pace.
- 44 mins ago
- Timothy Moore
Yesterday
ASX closes flat as AGM season heats up
A slew of corporate results and AGMs dictated trading on Thursday, with real estate and technology stocks leading the market.
- Alex Gluyas
ASX flat; Perpetual’s best day in a year; jobs improve
Travel shares tumble; oil price boosts Santos, Woodside revenue; bitcoin record high.
- Updated
- Richard Henderson, Tom Richardson, William McInnes, Cecile Lefort, Alex Gluyas and Vesna Poljak
Why Judo’s float tempted this fundie back into the IPO market
Basketball fan Martin Pretty, from Equitable Investors, explains what’s behind the fund’s 60pc return, small cap gem MedAdvisor, and how he discovered NZ’s Geo.
- Alex Gluyas
Barrenjoey already profitable, says key backer Magellan
Magellan is hoping it will be able to turn around a horror share price performance, with Barrenjoey Capital Partners turning a profit in the first quarter.
- William McInnes
- Analysis
- Sharemarket
Tesla’s margin growth fuels arguments it can support a tech valuation
Tesla’s rising gross profit margins support Elon Musk’s arguments that manufacturing will be a competitive advantage as it looks to AI-driven self-driving.
- Tom Richardson
- Opinion
- Investing
The retail army goes back to the future
Move over Afterpay and Zip. The big miners and materials stocks are the new favourite playthings of retail traders.
- Jonathan Shapiro
ASX to rise, S&P 500 nears record high
Australian shares are set to open higher, with earnings driving further gains in the Dow and S&P 500. Bitcoin resets record high, reaches for $US67,000.
- Timothy Moore
This Month
Virtual-only meetings face real-world investor fight
A new bill could allow companies to have online-only shareholder meetings, and that has concerned some investor groups.
- Liam Walsh and John Kehoe
Shares rally 0.5pc, led by Worley’s upgrade to net zero winner
Australian shares closed higher on Wednesday, buoyed by a 7.5 per cent jump in Worley after it secured a key contract, and by a positive Kogan trading update.
- Vesna Poljak
ASIC warns ASX penny stock pumpers for second time
Pump and dump group organisers taunted ASIC again after the regulator directly messaged them to warn sharemarket manipulation is illegal and risks jail time.
- Tom Richardson and Jonathan Shapiro
Hedge fund manager Robert Luciano suffers $500m drop in wealth
Shares in VGI Partners, Robert Luciano’s hedge fund, have fallen 70 per cent in two years to a record low.
- Richard Henderson
- Opinion
- Chanticleer
Bull retreat: Where global fundies are investing - and avoiding
The speed at which sentiment has changed in Bank of America’s global fund manager survey is staggering. And it’s all about inflation.
- James Thomson
How Jack Ma treatment prompted Cathie Wood to quit China
When Alibaba founder Jack Ma was effectively banished in China, it triggered star fund manager Cathie Wood. Her flagship Ark fund now has no Chinese investments.
- Matthew Cranston
ASX adds 0.5pc; Codan, REA, Kogan, A2 Milk climb
The Australian sharemarket added 38.8 points, or 0.5 per cent to 7413.7 on Wednesday. Recap the day’s news here.
- Updated
- Alex Gluyas, William McInnes, Tom Richardson, Richard Henderson, Vesna Poljak and Cecile Lefort
ASX to rise, earnings fuel gains on Wall Street
Australian shares are poised to rise, bolstered by reporting season optimism in the US. Bitcoin moves toward record high. $A reaches for US75¢.
- Timothy Moore
Miners drag ASX from a three-week high
The Australian sharemarket fell away from a three-week high on Tuesday, as losses from the major miners offset strength from the local tech sector.
- William McInnes
Macquarie leads rivals in $760m M&A fee windfall
Macquarie Group, Goldman Sachs and UBS command a third of Australian investment banking fees in a record year for deals.
- Richard Henderson
Shares finish flat as miners drag; BHP posts ‘mixed quarter’
Traders lift RBA rate hike bets. Brambles Q1 sales up 11pc, warns on labour shortages. BHP sticks to production guidance. Nuix jumps 7.7pc. a2 Milk up 5.3pc.
- Tom Richardson, William McInnes, Alex Gluyas, Cecile Lefort and Richard Henderson
- Opinion
- Chanticleer
Deal frenzy driven by what’s coming next
Australia’s likely record year for M&A is being driven by boards and management teams readying for a decade that looks very different to the one just gone.
- James Thomson
