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Investors Service

Crown’s ‘purgatory’ nightmare drags on

The casino giant’s colossal battle to redeem itself involves ‘far-reaching and complex’ steps, a ratings agency says, in reviewing its dismal full-year results.Crown Resorts has delivered a dire set of results after a horror year, with a…

Travel and oil stocks help lift ASX

The ASX has once again gained ground, with the benchmark index returning above 7500 points and travel stocks among the winners.The Australian sharemarket ended in positive territory for the second straight day, with travel and oil stocks…

ASX snaps four-day winning streak

The ASX closed firmly in the red after ending last week at fresh record highs, with banks and energy stocks among the big weights.The Australian sharemarket closed in the red, snapping a four-day winning streak and following fresh record…

Bank’s rocketing share price questioned

The strong rebound in the Australian economy has been reflected in one bank’s full-year results that pushed its share price to record highs.Commonwealth Bank’s impressive full-year results reflect the strong rebound in the Australian…