Latest news with #EdBoyd
Sky News AU
5 days ago
- Business
- Sky News AU
ASX 200: Banks and energy stocks thrive while tech companies slump
Sky News host Ed Boyd analyses today's performance of the ASX 200. 'Banks and energy stocks were the top performers, tech companies slumped, the ASX200 finished the day up 0.7 per cent,' Mr Boyd said. 'It's been a big week for the markets.'
Sky News AU
13-08-2025
- Business
- Sky News AU
ASX 200 down as Commonwealth Bank of Australia dives, despite posting four per cent profit jump in the past financial year
The ASX 200 and its largest company both sank on Wednesday despite the business posting strong profit and giving major dividends to its shareholders. The index fell 0.3 per cent in the first 50 minutes of trading. Its dropped as Commonwealth Bank of Australia fell 3.9 per cent, despite the banking giant revealing a four per cent profit jump to $10.25 billion for the 2025 financial year. The bank, which makes up 12 per cent of the ASX 200's value, also revealed a $2.60 per share dividend for the second half of the year, bringing its total FY25 dividend to $4.85 and paying $8 billion to shareholders. Sky News Business Reporter Ed Boyd said the bank's share price dip came amid concerns the major bank is overvalued. CBA's share price is down despite posting a solid profit jump. Picture:'It's because CBA is the most expensive bank in the world,' Boyd said on AM Agenda. 'It has a 30-times earnings valuation and clearly some investors think its profit wasn't as good as what they were expecting to justify a share price of almost $175.' While CBA took a hit on Wednesday, its competitors fared much better with ANZ rising 1.1 per cent and Westpac and NAB sinking 0.5 and 0.7 per cent respectively. AGL Energy is down 12.6 per cent after it revealed a 21.2 per cent profit drop amid lower wholesale power prices and strong competition. Penfolds-owner Treasury Wine Estates lifted about two per cent after reporting a 342 per cent profit lift thanks to booming sales in China. Meanwhile, Pilbara Minerals lost 4.6 per cent and Liontown Resources fell 3.9 per cent. On Wall Street, the Nasdaq lifted 1.4 per cent on Tuesday while the S&P 500 and the Dow Jones both climbed 1.1 per cent. London's FTSE 250 and Germany's DAX both fell 0.2 per cent as the STOXX Europe 600 rose 0.2 per cent. New Zealand's NZX 50 Index is up 0.7 per cent since trading began on Wednesday while Japan's Nikkei 225 added 0.9 per cent.
Sky News AU
01-07-2025
- Business
- Sky News AU
ASX soars 10 per cent over the last financial year
Sky News Business Reporter Ed Boyd goes over some of the winners and losers on the ASX for the last financial year.
News.com.au
14-06-2025
- Business
- News.com.au
‘Not an easy path': Specialist outlines steps to enter Australian defence industry
Defence industry specialist Brent Clark breaks down the steps for breaking into the Australian defence industry as a supplier with government contracts. 'These things are always complex,' Mr Clark told Sky News host Ed Boyd. 'It is not an easy path to tread to become a supplier into defence, but in many ways, nor should it be. 'Defence has cutting-edge equipment and very complex projects that it's trying to undertake. 'The reality, of course, is that you need to be diverse, you need to ensure that you have the best capability possible, and you need to make sure you are ready to take on a defence contract.'
News.com.au
14-06-2025
- Business
- News.com.au
‘Dangerous place': Calls to increase defence spending amid China-Taiwan tensions
Defence industry specialist Brent Clark discusses the need to increase defence spending as China and Taiwan exhibit massive tensions in the Asia Pacific region. 'The world's a fairly dangerous place,' Mr Clark told Sky News host Ed Boyd. 'Clearly, there are massive tensions in our own area from a Chinese perspective with Taiwan. 'It's quite clear that we need to have that insurance policy, so therefore expenditure on defence is the way we achieve that insurance policy.'
