Renewable energy is in the spotlight and the battery technology supply chain is key to the transition. Wind and solar energy are forecast to supply around 48% of world electricity needs by 2050, with battery technology, gas peakers (turbines or engines that burn natural gas) and dynamic demand anticipated to drive market penetration of solar…
The SEEK Limited (ASX: SEK) share price will be on watch this morning after the employment business announced it was selling down its stake of Zhaopin. Zhaopin is a Chinese employment business that SEEK owned a major stake in. What did SEEK announce about Zhaopin? SEEK plans to sell down its stake in the Chinese business from…
AGL Energy Limited (ASX: AGL) has just revealed a painful writedown; so is it a defensive ASX share idea? The AGL writedowns AGL announced today that it intends to recognise accounting charges of almost $2.7 billion after tax for its December 2020 result. The energy business explained that these charges reflect $1.92 billion in provisions for…
How do you know you need advice? Seeking advice can be a challenging endeavour for most people. It is not so much that advice is hard to find, but more so that the abundance of information out there offers so much, but under it may lie hidden intentions – but more on this later. Here…
Amcor Plc (ASX: AMC) has announced its FY21 half-year result, revealing further profit growth. Amcor is a large manufacturer of packaging for food, beverage, pharmaceuticals and so on. It makes both flexible and rigid packaging. HY21 growth for Amcor Amcor said that its net income increased by 65 per cent to US$417 million ($548.7 million) while…
Shares in Zip Co Ltd (ASX: Z1P) jumped higher next week after Zip said that it achieved record quarterly revenue of $102 million, up 88% year on year. The December revenue was $40.2 million, up 94%. The revenue growth was driven by record quarterly transaction volume of $1.6 billion, up 103% year on year. The…
BHP Group Ltd (ASX: BHP) has announced its operational update for the FY21 half year. The resource giant said that it achieved another strong operational performance during the half, with measures to counter the risk of COVID-19 remaining in place. There was record production at Western Australia Iron Ore (WAIO) and record average concentrator throughput was…
The Premier Investments Limited (ASX: PMV) share price has jumped 17% after giving a HY21 update. Premier Investments is a retail business that’s behind several retail brands including Smiggle, Peter Alexander, Just Jeans, and Jay Jays. It also owns a large chunk of Breville Group Ltd (ASX: BRG) shares. HY21 update Premier gave an update about the first 24…
Since COVID-19, the relationship between Australia and China has become more frosty with the Chinese cutting back on trade with Australia. Australian companies with business operations in or exporting to China have been impacted by the increasing opaqueness in the relationship between the countries. However, the trade relationship with China continues to remain significant for…
It seems like National Australia Bank Ltd (ASX: NAB) is recovering from the impacts of COVID-19. Are NAB shares a buy for dividends? What has the NAB share price been doing? The NAB share price is still down 16.5% from where it was before the COVID-19 decline. But it has gone up 23% since the start of November and…
