ASX:FMG

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ASX:FMG

Resource Nuggets: FMG, S32

26 Apr 2023 - Challenges abound for the resources space at the moment, as was attested by the flat performances of two local majors in this past quarter, Fortescue (ASX:FMG) and So…

Market murmurs: FMG, ALQ

30 Mar 2023 - Differing fortunes for mining behemoth Fortescue (ASX:FMG) and local medi-tech company ALS (ASX:ALQ) on Wednesday, with operational dramas at the former and a slight …

Tough slog persists for Fortescue

16 Feb 2023 - As expected after January’s half year production and sales update, Fortescue Metals Group (ASX:FMG) has again cut its dividends as earnings fell 15% to $US2.36 billio…

From gabfest to Gabon for Fortescue

09 Feb 2023 - Fortescue Metals Group (ASX:FMG) has turned a couple of years of talk into a deal to start what looks like a trial iron ore mining operation in Gabon.

Strong week of trading: ASX closes 0.34% higher

27 Jan 2023 - Westpac expects the Reserve Bank of Australia's cash rate to peak at 3.85 per cent following a higher-than-expected inflation print.

Uncertain gas market not enough to stop gains: Aus shares up 0.36% at noon

27 Jan 2023 - Australia’s import prices gained 1.8 per cent in the December quarter, while export prices fell 0.9 per cent in the same period, according to the Australian Bureau of…

Stocks of the Hour: Dreadnought Resources, Tyro Payments, Fortescue Metals

27 Jan 2023 - A snapshot of the stocks on the move featuring Dreadnought Resources (ASX:DRE), Tyro Payments (ASX:TYR) and Fortescue Metals (ASX:FMG).

Forrest's squadron swoops on CWP Renewables

08 Dec 2022 - Fortescue Metals' Andrew “Twiggy” Forrest has made his biggest play yet in renewables with a multi-billion-dollar deal that will see his Squadron Energy subsidiary bu…

Cost creep finally catches Up with Fortescue

29 Oct 2022 - The signs were there in the final parts of the 2021-22 financial year as costs clearly rose at its Pilbara iron ore mines (around 3% a quarter) but they well and trul…

Forrest puts foot down re Fortescue footprint

21 Sep 2022 - Andrew “Twiggy” Forrest’s Fortescue Metals Group (ASX:FMG) has given itself eight years and a budget of around $9 billion to eliminate fossil fuel use and achieve zer…

Fortescue hit by rising costs and lower ore prices

30 Aug 2022 - Australia’s third iron ore major Fortescue Metals Group (ASX:FMG) saw a 40% fall in its June 30 profit and a 43% slicing of its final dividend as iron-ore prices weak…

Fortescue's $6 billion revenue hole

31 Jul 2022 - What Twiggy Forrest’s Fortescue Metals Group didn’t tell you in its June quarter and 2021-22 production report on Thursday was the $US6 billion hole in its annual rev…

Fortescue (ASX:FMG) pinning its hopes on ore turnaround

29 Jul 2022 - Fortescue Metals Group (ASX:FMG) wants to ship 3 million more tonnes of iron ore in 2022-23 into a market that most analysts reckon will be oversupplied.

ASX in the green but off from early morning highs: Aus shares 0.3% higher at noon

28 Jul 2022 - The BNPL later sector today has continued an extraordinary bounce as the sector surges higher albeit from very depressed levels -- with very little stock-specific new…

ASX posts best week since March, up 2.1%

08 Jul 2022 - The ASX had its best week since mid-March as recession fears eased. Friday’s session was spent in positive territory thanks to strong gains in the resources space.

China stimulus spurs rebound in metals, Russian court orders stop to Caspian oil pipeline

08 Jul 2022 - We learnt at the end of June that China’s manufacturing purchasing managers’ index rebounded in June, indicating expansion for the first time since February as major …

Resources stocks weigh as recession fears grow: ASX closes 0.5% lower

06 Jul 2022 - Australian shares spent the afternoon in the red as commodity prices plunged on recession fears. The energy sector tumbled 5.8%, with materials down 5%. Real estate w…

RBA hikes cash rate by 50bp, Energy and tech gains: ASX closes 0.3% higher

05 Jul 2022 - Australian shares held on to their gains after the Reserve Bank of Australia reaffirmed its pledge to keep tightening monetary policy, joining other global central ba…

Energy surges on Monday's session: ASX closes 1.1% higher

04 Jul 2022 - The ASX had a strong start to the week after all sectors finished Monday’s session in positive territory. Energy led the pack, up 2.6%, followed by real estate, consu…

Property sector leads broad-based rally: ASX jumps 1.1% at noon

04 Jul 2022 - The Australian sharemarket has jumped this morning in a broad-rally led by property, then communication services, healthcare and utilities. At noon, the S&P/ASX 200 i…

Energy and miners drag ASX lower, down 0.6% over the week

01 Jul 2022 - The Australian sharemarket faded into the close, weighed down by US equity futures in a risk-off afternoon. The greenback rose against the Australian dollar, which h…

Mild gains as ASX starts new financial year, up 0.5% at noon

01 Jul 2022 - The Australian sharemarket has started the new financial year with a positive start after closing off its worst month since March 2020.

What does the rebound in China's PMI mean for iron ore?

30 Jun 2022 - China’s manufacturing purchasing managers’ index rebounded in June, indicating expansion for the first time since February as major cities gradually reopen from the C…

Red earth awash in red ink as iron ore hits 6-month low

30 Jun 2022 - The price of iron ore has decreased to its lowest point since the first week of December, as concerns regarding an oversupply of the commodity in China create stress …

Best day since January: ASX closes 1.9% higher in broad rally

27 Jun 2022 - The Australian sharemarket had its best day since January after the ASX 200 jumped in a broad rally that lifted all eleven sectors. Financials and energy led the pack…