Shares fell 6% for BBN on Friday after the infant goods retailer reported a 67% decrease in statutory net profit for the first half fiscal 2023.
Australian Economy News: Updates and Insights on Australia's Economic Landscape
When most people think about the ‘Australian Economy’, the first thing that’ll often come to mind is mining and banking. Two industries that dominate our total productive output both locally and abroad.
It is, however, a little more intricate than that...
Australia is a prime exporter of many commodities. Many of which are mined, but some of which aren't. And while iron ore has certainly been our forte for a number of years now, we have quite the unique mix of materials across our vast country.
Shares Rise for QBE Group’s [ASX:QBE] Higher Profits and Dividends
QBE saw its shares rising 8.5% this morning, shareholder confidence bolstered by a 3% uptick in net profit and positive forecasting for premiums.
Shares for AMP [ASX:AMP] Sink 14% on NPAT Loss
Underlying profit for AMP falls short for 2022. Despite receiving a dividend, investors were downvoting AMP’s share price by 14%.
Whitehaven Coal [ASX:WHC] Earns Record Revenue for Half Year 2023
WHC shares rose on Thursday morning alongside news of higher profits, record revenue, and higher shareholder dividends.
Fortescue Metals [ASX:FMG] Delivers Lower Dividends as Growth Takes Priority
FMG was flat in the share market having presented lower profits for the half year.
Wesfarmers [ASX:WES] Revenue Climbs and Shareholders Reap Returns
Wesfarmers increases dividends on a cheerful bricks-and-mortar result for 1HY23.





