With Harvey Norman [ASX:HVN]’s shares sinking by 1.10%, commenters urged the company to focus on selling as much as possible. Since reporting half-year earnings, the stock sank to drastic levels. Founder Gerry Harvey has attempted to reassure investors by saying the market had got it wrong.
ASX share price news
Discover why these ASX share prices moved today and what it could mean for the ASX listed companies behind them. Brought to you by some of Australia's most forward thinking investment thinkers.
Shares of Clancy Exploration Limited have grown by a massive 50% today. An increase in cobalt demand has triggered a surge of prices for the mineral across the span of two years. Clancy Exploration, which has been operating since 2003, has managed to produce thousands of tonnes of cobalt from its Bou Azzer operation, along with large quantities of silver and gold.
Despite losing the cricket to rival broadcasters, Nine still has a positive outlook towards future ventures. Cricket CEO James Sutherland thanks Nine for their 40 years of international cricket broadcasts around the world. He believes Nine has vastly helped promote the sport in the long run.
South32 believes costs in renewable energy have lowered in recent times, which is appealing for the business as it falls in line with their commitment to the environment.
Brambles’ CEO Graham Chipchase said the logistics operations in the oil and gas industry were no longer a core business for the company and offered limited opportunity for strong returns, as reported by Yahoo Finance.
Blue Sky alternatives is an investment fund which specialises in private equity. Their clients are mainly associated in retail and institutional businesses. They have recently addressed its plundering share value and their plan of action to counter it.
With Netflix and other streaming platforms changing the game, Village Roadshow have been forced to think on their feet when it comes to matters in marketing and customer preference.
Payments are expected to be made to the affected Indigenous and Afro-Colombian communities. South32, who grew by 1.76% in share value today, could see future rough patches if they are forced to compensate for the damages.
Shares of Commonwealth bank have been declining for over a year now. Today their shares have dropped by 0.62%, now valued at $73.19 a share. Last year this time, their shares were valued at $85.25.
The Australian Securities and Investments Commission (ASIC) has stated that ANZ agreed to compensate their Prime Access customers, who didn’t receive any of the documented reviews that they had paid for in the years prior.
NRW Holdings share price increased after the company released the UBS Mining Services & Contractors Presentation this morning. The announcement included an overview of the current results achieved by the company, stating that revenue is up 95% from the same period last year.
Mineral Resources Limited [ASX: MRL] experienced a drop of almost 7% yesterday. The Perth-based mining company has a broad portfolio including substantial lithium resources, with a market cap of $3.09 billion.
Myer accounts have been going through some bumpy roads. Revenue and sales were down last month, and Myer have decided to cut prices in order to compensate.
Westpac has stated that they will be offering a cheaper form of their ‘tap and go’ card payments over the course of 2019. This will further pressure its competitors to consider similar alternatives to their services.
Despite today’s slight 0.32% increase, Slater & Gordon Limited [ASX:SGH] have consistently been dropping in share value over the past six months.