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Shares of Kelsian Group (ASX: KLS) Witness a 14% Plummet Today. Here’s Why.
February 28, 2024 01:39 PM AEDT| By Team Kalkine MediaThe article delves into the unprecedented 14.11% decline in shares of Kelsian Group (,ASX: KLS,) on 28 February 2024 at 12:48 PM AEDT, reaching AU$5.66 apiece. This market plunge, the most substantial since their ASX debut in 2013, prompts a detailed...
Johns Lyng (ASX: JLG) Witnesses 13% Decline on Tuesday Following 1H FY24 Earnings Release
February 27, 2024 04:55 PM AEDT| By Team Kalkine MediaIn the wake of its 1H FY24 earnings announcement, Johns Lyng Group Ltd (,ASX: JLG,) is experiencing a significant downturn on Tuesday, with its stock plummeting by 13% to close at AU$6.25 apiece. This decline positions Johns Lyng as the worst-perform...
Reece (ASX: REH) touches 52-week high on half-yearly results
February 27, 2024 04:50 PM AEDT| By Team Kalkine MediaIn a remarkable market development, Reece Ltd (,ASX: REH,) commands attention as its share price experiences a notable uptick. As of Tuesday, the company's shares skyrocketed by an impressive 18.31%, to close at AU$28.50. Noteworthy here is that, dur...
Orica Limited (ASX: ORI) Expands Horizons with Cyanco Acquisition
February 27, 2024 04:35 PM AEDT| By Team Kalkine MediaIn a significant strategic move, Orica Limited (,ASX: ORI,) has officially entered into a binding agreement to acquire 100% of the common stock of Cyanco Intermediate 4 Corp. from Cerberus Capital Management, L.P. for a substantial US$640 million. Th...
Coles Group’s (ASX: COL) Half-Year Results Out, Shares React
February 27, 2024 04:26 PM AEDT| By Team Kalkine MediaIn a remarkable Tuesday surge, the Coles Group Ltd (,ASX: COL,) share price increased by 5.79%, settling at AU$16.80. This upswing follows the highly anticipated release of Coles' half-year results, shedding light on the supermarket giant's recent pe...
Woolworths (ASX: WOW) announces change in leadership, shares react
February 23, 2024 06:10 PM AEDT| By Team Kalkine MediaIn a surprising turn of events, Woolworths (,ASX: WOW,), the renowned supermarket group, witnessed a substantial 0.364% drop in shares on 23 February. This downturn comes on the heels of the announcement of CEO Brad Banducci's impending retirement la...
Qantas Airways’ (ASX: QAN) half-year profit falls, facing impact of covid-19
February 23, 2024 05:57 PM AEDT| By Team Kalkine MediaIn a recent announcement, Qantas Airways (,ASX: QAN,) revealed a decline in first-half profits attributed to a fall in airfares from their post-Covid-19 peak. New CEO Vanessa Hudson is on a mission to revitalize the airline's tarnished reputation, em...
Brambles (ASX: BXB) registers 19% growth in underlying profit, upgrades guidance
February 23, 2024 05:46 PM AEDT| By Team Kalkine MediaInvestors witnessed a remarkable surge in the shares of Brambles (,ASX: BXB,) on Friday morning, with the stock reaching AU$15.90 apiece. This unprecedented growth comes on the heels of the company's half-yearly financial report, which reveals a subs...
Qantas Airways (ASX: QAN) records profit of AU$1.25B in 1HFY24
February 22, 2024 11:36 AM AEDT| By Team Kalkine MediaIn a financial disclosure unveiled on Thursday (22 February 2024), the renowned flag carrier Qantas Airways Ltd (,ASX: QAN,) of Australia reported a 12.8% dip in its first-half profits. Simultaneously, the company revealed plans for an additional on-...
Woolworths Group (ASX: WOW) reports drop in profit in recent half, announces change in leadership
February 21, 2024 06:32 PM AEDT| By Team Kalkine MediaIn a recent development, the renowned Supermarket chain Woolworths Group (,ASX: WOW,) faced a setback in its first-half underlying profit growth, attributed to the testing trading conditions in New Zealand. This period also marked a significant trans...
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ARB Corporation's (ASX: ARB) shares closed over 10% up on Tuesday. Here’s why.
February 20, 2024 06:08 PM AEDT| By Team Kalkine MediaIn the dynamic world of finance, few things capture attention more than a sudden surge in stock prices. The 10.20% surge in shares of ARB Corporation Limited (,ASX: ARB,) to AU$39.42 (20 February 2024) has undoubtedly raised eyebrows. This article de...
Kalkine AU Says: Wesfarmers shares dip from 52-week highs as dividend holds steady
February 20, 2024 02:55 PM AEDT| By Team Kalkine MediaInvestors eyeing the latest dividend from Wesfarmers Ltd (,ASX: WES,) have missed their chance as the window for eligibility closed yesterday. Now trading ex-dividend, any purchases made today will not qualify for the retail conglomerate's payment.,A...
Reliance Worldwide (ASX: RWC) registers NPAT ofAU$67.7 million in latest half, shares up
February 19, 2024 06:14 PM AEDT| By Team Kalkine MediaThe shares of Reliance Worldwide Corp (,ASX: RWC,) are creating waves in the market on 19 February 2024 with an impressive surge of 6.58%, reaching AU$4.70 apiece.,The plumbing products and services firm reported a robust Half-Year (HY) adjusted net...
Star Group's share price stalls due to ongoing Sydney license uncertainty
February 19, 2024 04:18 PM AEDT| By Team Kalkine MediaThe Star Entertainment Group Ltd (,ASX: SGR,) found itself in a trading halt on Monday following concerning developments. The halt came after the company received correspondence from the NSW Independent Casino Commission (NICC) on 19 February 2024, i...
Jefferies increases price target of Wesfarmers (ASX: WES), gives hold rating
February 16, 2024 12:09 PM AEDT| By Team Kalkine MediaIn a recent development, Jefferies has raised the price target (PT) for Australian retail conglomerate Wesfarmers Ltd (,ASX: WES,) from AU$57.00 to AU$60.00 while retaining a "hold" rating. This article delves into the factors driving this PT hike an...
Own shares in Lovisa? Here's the results preview you need to check out
February 15, 2024 06:10 PM AEDT| By Team Kalkine MediaLovisa Holdings Ltd (,ASX: LOV,) is poised to draw attention when it unveils its FY24 half-year result, scheduled for release on 22 February 2024. As anticipation builds, let's delve into what the company might report.,ASX consumer stocks,, including...
Treasury Wine shares surge despite profit dip, awaiting China tariff relief.
February 15, 2024 06:01 PM AEDT| By Team Kalkine MediaThe Treasury Wine Estates Ltd (ASX: TWE) share price surged by 3.9% in early trade on Thursday, despite the company's release of half-year earnings results that showed a mixed performance.,ASX consumer stocks,, including Treasury Wine Estates Ltd, ar...
Treasury Wine (ASX: TWE) shares on rise on Thursday. Here’s why.
February 15, 2024 12:26 PM AEDT| By Team Kalkine MediaThe recent surge in shares of Treasury Wine Estates (,ASX: TWE,), which saw an impressive 5.1% jump to AU$11.63 during morning trading hours on 15 February2024 has caught investor’s attention. Delving into the details, it becomes evident that there's...
IDP Education stock soars 15% on strong first-half results.
February 14, 2024 07:56 PM AEDT| By Team Kalkine MediaOn Wednesday, the share price of IDP Education Ltd (,ASX: IEL,) demonstrated resilience amidst a broader market selloff, soaring by 15% to $23.33 in morning trade. This surge follows the release of the company's half-year results, which exceeded expe...
How Shelf Price Cuts Might Affect Stock Value
February 14, 2024 06:26 PM AEDT| By Team Kalkine MediaColes Group Ltd (,ASX: COL,) shares have experienced a decline of more than 10% over the past six months, signaling potential economic challenges for the ASX-listed supermarket chain, especially if consumer prices begin to fall.,In recent years, ther...
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