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Australian shares faced a setback on Thursday, March 27, with the S&P/ASX 200 index (.AXJO) dropping 0.6% to 7,950.6. This marks a pause in the index’s five-day rally as concerns about trade tensions and weakness in the financial sector weighed on market sentiment. The …
The S&P/ASX 200 Index (ASX: XJO) rose by 0.9% shortly after 11:30am AEDT, benefiting from a boost in investor sentiment following the release of the latest Australian inflation data. The Consumer Price Index (CPI) for the 12 months to February 2025, published by the …
Image source: ShutterstockHighlightsStock Crash:Helia Group shares tumbled 25% to AU$3.61 in early trade following a major contract loss.CBA Blow:Commonwealth Bank entered exclusive talks with a new provider for lender mortgage insurance (LMI), putting nearly half of Helia’s gross written premium (GWP) at risk.Future Strategy:While …
Image source: ShutterstockHighlightsASX 200 Down 0.3%:The index fell to 7,905.4 points in early trade on Mondat, pressured by weaker commodity prices.Mining Stocks Decline:Heavyweights BHP, Rio Tinto, and Fortescue dropped up to 1.2% amid falling iron ore and copper prices.Investors Eye Inflation Data:Traders await February …
Image source: ShutterstockHighlightsDowngraded Price Target:Citi lowers Premier Investments' target price to AU$24 from AU$26 but maintains a "neutral" rating.Steep Profit Decline:The company reported a 34% drop in net income for the first half of FY25, with Smiggle sales falling 14.5%.Mixed Retail Performance:While Peter Alexander …
Image source: ShutterstockHighlightsDecline in Sales and Profit: Continuing operations sales fell 1.8% to AU$455 million, while EBIT dropped 16% to AU$129.4 million due to a challenging retail environment.Peter Alexander Expansion: The brand saw a 6.6% sales increase, with new store openings and expansion plans, …
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