Transurban says its fourth-quarter toll road traffic exceeded pre-pandemic levels, but is forecasting a 2022/23 return to shareholders well below market expectations.The toll road operator on Thursday said it expects to distribute 53 cents per share in FY2023, 30 per cent higher than in 2021/22 but under consensus estimates of 60 cents.
US stocks have fallen in a broad sell-off led by megacaps as US bond yields rose, with the S&P; 500 posting losses for the week after four straight weeks of gains.The benchmark 10-year US Treasury yield climbed to an almost one-month high near three per cent.
Australia's biggest gold miner has posted a drop of almost a quarter in full-year profit for 2022 and warns the short-term outlook for costs remains "unpredictable".Newcrest Mining reported on Friday an underlying profit of $US872 million ($A1.
The S&P; 500 and Nasdaq ended higher as an upbeat sales forecast from Cisco Systems helped to lift the technology sector, while data showed the economy remained relatively strong.Investors on Thursday were still assessing minutes from the Federal Reserve's July meeting released a day earlier, which they initially saw as supporting a less aggressive stance by the central bank.
Cloud accounting technology company Xero has warned of another year of volatility for small business customers.Xero chair David Thodey said on Thursday supply chains remain constrained, contributing to levels of inflation not seen since the 1980s, interest rates are rising, and global economic growth is predicted to slow.
Hearing device maker Cochlear has posted a rise in underlying full-year earnings and is looking for a stronger 2022/23 after the launch of its new sound processor.6 billion in constant currency terms in the 12 months to June 30, as COVID-19 restrictions eased and hospitals resumed elective surgeries.