Mineral Resources reports a robust earnings update with significant revenue growth, strategic leadership changes, and a shareholder-friendly interim dividend, reflecting strong operational performance and future optimism.
XJO declines. TAB posts loss, shares drop. Medibank & Qantas fall on earnings. Lovisa & Bega jump
Pilbara Minerals faces a challenging half-year with a sharp revenue drop, countered by strategic expansions and efficiencies aimed at leveraging future lithium market recoveries.
Super Retail Group Limited (SUL) is the owner of four brands: Supercheap Auto, rebel, BCF and Macpac. These brands have positions in growing high-involvement lifestyle categories of auto, sports and outdoor leisure. SUL provides customers and nine million active loyalty club members with the option to experience brands whenever and however they choose – whether that’s through the network of 716 stores or via digital capabilities
Stocks struggled overnight as sentiment was further soured following the release of the minutes of the Federal Reserve’s January meeting showing members were concerned about cutting interest rates too soon.
ASX declines. Woolworths falls as CEO steps down. CTD falls 18%. WTC rises 9%
The company made significant investments for growth, including increasing its shareholding in Transmedic and acquiring Superior Pet Food Co. Ebos’s strategy includes further expansion in Southeast Asia and enhancing its product portfolio through acquisitions and new product development.
A softer than expected 1H revenue and EBITDA result was observed due to two main factors: negative travel sentiment from the conflict in the Middle East and corporate customer budgets being fully utilized by September 2023 due to high ticket prices, particularly in the northern hemisphere. However, an encouraging rebound in January activity implies these issues have dissipated.
Stocks fell Tuesday, as investors paused bullish bets on tech stocks ahead of quarterly results from the Nvidia and the minutes from the Federal Reserve’s January meeting due later this week.
XJO lower. SGR falls on regulatory inquiry. SUN jumps after ANZ takeover allowed
SPI futures flat, US Markets closed. BHP Increases dividend despite lower profits
Super Retail Group Limited (SUL) is the owner of four brands: Supercheap Auto, rebel, BCF and Macpac. These brands have positions in growing high-involvement lifestyle categories of auto, sports and outdoor leisure. SUL provides customers and nine million active loyalty club members with the option to experience brands whenever and however they choose – whether that’s through the network of 716 stores or via digital capabilities
