ANZ reports a record half-year in profit with $3.82 billion, however, the group warns of upcoming difficulties in rising competition for the sector.
Stock Market News: Stay Informed About the Latest Market Developments and Trends
Investing begins by deciding how much money to allocate and to what asset class – whether that be term deposits, property, bonds, stocks, or precious metals. This process is called asset allocation.
Investing across a range of these asset classes helps diversify our portfolio.
NAB [ASX:NAB] Plummets 7.5% After 2023 Half-Year Results Not as Expected
More rate rises have caused a mass Australian market sell-down and yet NAB’s share price was falling more than average today, the bank having posted half-year results that were not as strong as analysts had anticipated.
JB Hi-Fi [ASX:JBH] Releases Sales Update and Spotlight Shines on Macro Retail Environment
Inflationary pressure is showing up with blinding clarity now we’re amid earnings season. Today, JB Hi-Fi revealed just how slow business has been with consumers feeling tightness in pockets and purses, striking at demand in certain goods.
Endeavour Group [ASX:EDV] Boosts Third Quarter Sales
Alcoholic drinks and hotels group Endeavour reported a sales increase of 3.7% to $2.83 billion this morning for its third-quarter trading update. Retail sales and hotels both churned $2.35 billion in the quarter, a strong result for the past three months.
Woolworths [ASX:WOW] Reaches $16.34 Million in Third Quarterly Sales
Australian supermarket icon Woolworths has revealed an 8% sales increase totalling $16.34 million year-on-year for the company’s third-quarter trading update.
Transurban [ASX:TCL] Hosts Investor Presentation and Declares Upgrade
Transurban has declared that there will be a 58-cent distribution given, an increase of 41.5% year-on-year, thanks to better-than-expected momentum in traffic and funding packages.