Finance News Network

News by Glenn Dyer

Glenn Dyer

Glenn Dyer has been a finance journalist and TV producer for more than 40 years. He has worked at Maxwell Newton Publications, Queensland Newspapers, AAP, The Australian Financial Review, The Nine Network and Crikey.

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Cettire shares skyrocket

24 Sep 2024 - An auditor’s tick was worth hundreds of millions of dollars on Tuesday to shareholders in Cettire (ASX:CTT), the controversial online luxury goods operator.

RBA leaves rates unchanged at 4.35%

24 Sep 2024 - The Reserve Bank left rates on hold for another month and maintained its anti-inflation stance at its latest meeting on Monday and Tuesday.

South32 secures US government grant for manganese project

24 Sep 2024 - Mining giant South32 (ASX:S32) has become another Australian company to receive a renewable industry grant from the US Government.

REA's misunderstanding of takeover dynamics

24 Sep 2024 - Somehow, News Corp’s 61% subsidiary, REA Group (ASX:REA), doesn’t quite understand that takeover targets are under no obligation to engage with an indicative bidder. …

China's central bank introduces minor rate cut amid economic slowdown

24 Sep 2024 - China's central bank has implemented yet another minor market rate cut that will have no significant impact on the economy's sluggish growth.

Fletcher Building's $NZ700 million capital raising

24 Sep 2024 - Recent stock market bids and deals seem to have made it easier for troubled Kiwi building products giant, Fletcher Building (ASX:FBU), to convince big investors to co…

Coles and Woolworths shares plunge amid ACCC misleading pricing allegations

24 Sep 2024 - Coles (ASX:COL) and Woolworths (ASX:WOW) shares fell by more than 3% yesterday following the ACCC's bombshell announcement of legal action against the supermarket gia…

UniCredit escalates pursuit of Commerzbank with increased stake

24 Sep 2024 - How very un-European! Italy’s UniCredit banking group has been stalking Germany’s second-largest bank, Commerzbank, and getting nowhere, with Germany Inc. starting to…

ACCC takes action against Woolworths and Coles over misleading pricing claims

23 Sep 2024 - For months now, major retail chains Woolworths (ASX:WOW) and Coles (ASX:COL), along with business groups, media, and analysts, have denied any allegations of price go…

Fletcher Building seeks NZ$700 million to boost financial stability

23 Sep 2024 - Trans-Tasman building products giant Fletcher Building (ASX:FBU) has confirmed weekend reports that it is looking to raise NZ$700 million (A$641 million) to reduce de…

Rightmove rejects REA Group's sweetened takeover bid

23 Sep 2024 - UK property listings and services company Rightmove has said "no" for a second time to a new non-binding offer from News Corp’s REA Group.

Wall Street's mixed signals: Gains for Dow amid economic concerns

23 Sep 2024 - A dirty finish for Wall Street on Friday saw a gain for the day for the Dow and a record, but small blobs of red ink for the S&P 500 and Nasdaq as more investors took…

Chinese economic woes shake global auto industry

23 Sep 2024 - Bad news about the health of the Chinese economy continues to rattle global car companies, especially Germany’s biggest—VW, BMW, and Mercedes.

Fed stands alone: Major rate cut highlights divergence from global banks

23 Sep 2024 - So, how did the big week for central banks go? Well, China didn’t cut, Japan sat it out, but with a rate rise looming, the Bank of England was steady — leaving the Fe…

Gold hits new record amid Fed rate cut

23 Sep 2024 - Another record for gold was set on Friday, with no sign of second thoughts about the benefits of the Fed’s significant rate cut among its supporters, unlike in equiti…

Oil prices rebound amid Fed rate cuts and geopolitical tensions

23 Sep 2024 - Oil prices rebounded last week, not just because the Federal Reserve cut rates, but also due to a combination of a reduction in supply, a tropical storm along parts o…

Myer meets revised financial guidance amid market challenges

20 Sep 2024 - Myer (ASX:MYR) has met its lowered guidance for the 2023-24 financial year as it battled through challenging market conditions and the fallout from high interest rate…

Bank of England holds rates at 5%, despite speculation of cut

20 Sep 2024 - As expected, the Bank of England held rates steady at 5% during its meeting on Thursday, despite some enthusiastic traders attempting to promote the idea of a rate cu…

Suncorp shareholders to vote on $4.9 billion bank sale proceeds

19 Sep 2024 - Shareholders in Suncorp (ASX:SUN) will soon vote on a massive multi-million dollar pre-Christmas present—the sale of their bank to ANZ for $4.9 billion. However, the …

Sims sees share price jump after offloading UK business

19 Sep 2024 - Shares in metals recycler Sims (ASX:SGM) jumped more than 10% at one point on Thursday, despite the company revealing a mixed trading update.

ALS faces market turmoil

19 Sep 2024 - Bad news usually triggers a sell-off by nervous investors, and when it's delivered in the wake of an attention-grabbing half-percent rate cut by the world’s most impo…

Migration fuels Australia's population boom, reaching 27.12 million

19 Sep 2024 - A milestone on Thursday passed almost unnoticed – Australia’s population topped 27 million for the first time in the year leading up to March 31.

New Zealand's economy contracts in June quarter

19 Sep 2024 - New Zealand's economy staggered slightly backward in the three months to June due to weak export growth, the timing of tobacco imports, and weak activity in much of t…

RBA faces mixed signals as jobs surge offsets employment shift

19 Sep 2024 - The US Federal Reserve took its rate-cutting lead from a cooling American jobs market, but on Thursday, there was no such guidance for the still inflation-nervous Res…

Rate cut bull's dilemma: What's next?

19 Sep 2024 - Equities jumped, then sagged, as did gold, as the seismometer of economic uncertainty played it safe following the Fed’s surprise half-per-cent cut in its Federal Fun…