Wesfarmers’ Dividend Raised as Profits Rise
Wesfarmers’ shares (ASX: WES) have set off 2025 impressively, with gains of 8.68% year-to-date seeing the company to a new all-time-high of $79.43. Today’s 1.33% gain comes as the company reported profits that beat expectations, despite some potential tariff risks on the horizon. The company, a well known retailer of names such as Bunnings and…
ANZ Shares Pull Back For 4th Consecutive Session
The ANZ Group share price (ASX: ANZ) has fallen for the fourth consecutive day, down 6.65% since the start of the week as banks continue to come under some pressure. The stock fell 3.05% on the day, as Westpac, Commonwealth Bank, and National Australia Bank all saw shares fall upwards of 2%. For ANZ, the…
Fortescue Metals Shares (ASX: FMG) Move Red YTD as Margins Narrow
Fortescue Metals shares (ASX: FMG) moved 3.03% into the red year-to-date, as today’s update failed to live up to expectations. The FMG share price ended the day down 6.22% as $18.24, within the range where support was previously found earlier this month. One of the key factors affecting the stock was the company’s reported financial…
A2 Milk Company Shares Gain 26% YTD as Analyst Raises PT
In a recent update by Macquarie, the A2 Milk Company shares (ASX: A2M) received an upgrade from a Neutral to an Outperform rating, with the investment firm expressing confidence in the company’s early-stage performance. Macquarie adjusted their price target for the specialized milk producer to A$7.85, a noteworthy increase from the previous A$5.70 target. Despite…
IAG Shares Down 16%, Can We Expect Support To Step In?
IAG shares (ASX: IAG) have made a sharp pullback since the latest performance update, down 16.33% over the past 5 trading sessions. The share price has found technical support and resistance in the $7.40 region in the past, and hit a low of $7.42 in today’s session before ending the day at $7.53. Whether the…
Westpac Shares (ASX: WBC) Move Red YTD as One-Off Items Impact Profit
Westpac shares (ASX: WBC) have moved into negative territory on a year-to-date basis, down 0.31%, having shed 5.97% over the past 5 trading sessions. The recent dip comes as the banking group released earnings, posting a Q1 profit of A$1.7 billion, reflecting a 9% decline due to specific one-off items. The company’s earnings for the…
Northern Star Resources Shares (ASX: NST) Start Year Strong, Up 18%
Northern Star Resources shares (ASX: NST) have begun 2025 in strong form, adding 18.64% and breaking out into new all time high territory. The company has backed up the bullish share price action with strong half-year financial results. The company reported 28% year-on-year growth in half-year revenue, amounting to $2.87 billion. This increase is partly…
Xero Names Claire Bramley as New CFO
Xero Limited (ASX: XRO) has appointed Claire Bramley as its new Chief Financial Officer, effective from April 1, 2025. This move is a strategic part of Xero’s plan to support its FY25-27 business strategy, which aims to expand and enhance the company’s financial services platform globally. Claire Bramley joins Xero with vast experience in financial…
South32 Secures Approval for Worsley Mine Expansion
South32 (ASX: S32), listed on the Australian Securities Exchange as ASX: S32, has achieved a significant milestone for its Worsley Mine Development Project by obtaining federal environmental approval. This approval, crucial for the project’s progression, was granted under the Environmental Protection and Biodiversity Conservation Act. This development follows a prior state approval received on December…
CSL Shares (ASX: CSL) Hit 52 Week Low, Looking For Support
CSL’s shares (ASX: CSL) have started the year with the bears leading the way, with a 0.26% decline today bringing the cumulative YTD loss to 8.86%. With a new 52 week low of $253.04 being hit on the day, this continues the trend seen towards the second half of 2024, where the share price fell…
