Flight Centre shares drop following forecast downgrade amid …
Jul 24, 2024 · Shares in travel giant Flight Centre (ASX:FLT) fell more than 8% on Wednesday morning after the company issued what investors perceived as a downgrade, tempered with weak news. The company revised its forecasts for Total Transaction Volumes (TTV), which are now expected to be in line with, rather than exceed, the 2018-19 peak of $23.7 billion.
RBA faces tough decisions amidst weak GDP and rising inflation
However, he anticipates growth to fall well below the RBA's forecast of 2.6% year-on-year for the year ending June 2025. NAB economists also foresee a weak GDP reading, with a 0.1% quarter-on-quarter rise and annual growth of 0.8%. This would be the weakest annual growth since the early 1990s, excluding the 2020 COVID lockdowns.
James Hardie reaffirms 2025 guidance - ShareCafe
Building products group, James Hardie (ASX:JHX), has reaffirmed its 2025 guidance after a solid first-quarter performance for the three months to June. However, there’s no sign of any expectation of an improvement in full-year earnings from the lower figure guided to earlier this year. Full-year guidance remains adjusted income in the range ...
Finance News Network, Author at ShareCafe
3 days ago · Established in 2006, the Finance News Network is one of Australia's largest providers of online business and finance news. Our news is distributed across some of Australia’s most prominent investment platforms. The network connects investors with investment opportunities, the latest ASX news, CEO and fund manager interviews and investor webinars.
Inflation eases, central banks hint at rate cuts - ShareCafe
Economists attributed the easing in Europe's annual inflation rate to a significant decline in Germany's economy, strengthening the case for a second rate cut by the European Central Bank (ECB). The ECB is scheduled to meet on September 12th, while the U.S. Federal Reserve's Open Market Committee will convene on September 17th and 18th.
ASX up 0.7% near noon: IT is best performing sector
Sep 12, 2024 · The SPI futures are pointing to a rise of 61 points. Best and worst performers. All sectors are in the black. The best-performing sector is Information Technology, up 1.77 per cent. The sector with the fewest gains is Materials, up 0.16 per cent. The best-performing large cap is Mineral Resources (ASX:MIN), trading 8.63 per cent higher at $38.15.
Southern Cross Media Group rejects initial bids - ShareCafe
Southern Cross Media Group rejects initial bids. Southern Cross Media Group (ASX:SXL) has informed its potential bidders – radio rival ARN and private equity firm Anchorage Capital – to come back with a higher offer. In a statement to the ASX on Thursday morning, Southern Cross (SXL) indicated that changed circumstances in the radio market ...
Blackstone bites into Aussie data centre - ShareCafe
Sep 4, 2024 · Global investment titan Blackstone has snapped up Australian data centre giant AirTrunk for a whopping $23.5 billion. The deal, which marks the largest corporate transaction in Australia this year, underscores the insatiable appetite for data centres as artificial intelligence continues to reshape the technological landscape.
De Grey's Hemi gold discovery expands - ShareCafe
Aug 2, 2024 · The total resource at Hemi and its smaller deposits and areas of mineralization is currently estimated to be 12.7 million ounces of gold. The three statements, capped by Monday’s release, suggest very strongly that both the Hemi resource figure and the overall figure will be lifted later this year. The late June statement included details of ...
MinRes slashes jobs and cuts costs amid $1.1 billion asset sale
Heavily indebted Mineral Resources (ASX:MIN) is slashing worker numbers and conditions at its WA mines and businesses as it receives FIRB approval to sell a 49% stake in a dedicated iron ore haul road, pocketing $1.1 billion from US investors. The sale of the stake in the iron ore haul road has been in progress for a couple of months, with the ...