Brambles, Super Retail lead shares higher on bumper day of earnings

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 90%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Analysts updated valuations as blue-chip profit reports gave insight into the economy, helping push shares 0.3 per cent higher on the Australian Securities Exchange.

Investors scrambled to digest insights into the economy’s health as a broad swathe of corporate Australia including Santos, CSL, Magellan, Brambles, and Downer EDI reported their financial results.P/ASX 200 index added 0.3 per cent, or 22.3 points, to post its third straight day of gains and reach its highest level since early June.Domenico Pugliese

Oil prices pared heavy losses from earlier in the week as benchmark Brent crude futures firmed 1.1 per cent to $US93.34 a barrel, and West Texas Intermediate oil futures added 1 per cent to $US87.55 a barrel.Gold added 0.3 per cent to $US1795 an ounce, while digital currency bitcoin advanced 0.8 per cent to US$24.142.Among the blue-chips reporting, Brambles was a star performer as its shares firmed 5.1 per cent to $12.40. The company raised its final dividend to US12¢ from US10.

The worst sector was healthcare, which dropped 0.8 per cent, dragged lower by a 1.3 per cent fall in CSL’s shares to $292.50. Net profit at the blood products and vaccine giant fell 5 per cent to $US2.3 billion as its revenue rose 2.9 per cent to $US10.6 billion. CSL’s forecast for fiscal 2023 net profit of $US2.4 billion-$US2.5 billion disappointed the market.said its interim net profit more than tripled to $US1.17 billion thanks to soaring oil and gas prices.

Shares in Magellan retreated 5.9 per cent extending a horror run as the chastened fund manager said its

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 2. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

I guess if analysts can't see into the future they just use some sort of rear mirror valuation instead. Let's just hope they drive better than they advise.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Goodman must jump higher earnings hurdlesAfter persistent pressure from proxy advisers and shareholders, Goodman Group is implementing tougher earnings hurdles for its CEO and management. What shareholders want to hear is not about management having their mouths in the honey pot all the time but shareholders being given some reward through higher dividends as many people depend on this for their everyday living. Thirty cents per share is a joke!
La source: FinancialReview - 🏆 2. / 90 Lire la suite »