Westpac Gives Car Finance Arm the Flick
Last week it kept its New Zealand banking business, on Monday Westpac revealed it was selling its Australian car finance businesses to non-bank financial group Angle Finance.
Read MoreLast week it kept its New Zealand banking business, on Monday Westpac revealed it was selling its Australian car finance businesses to non-bank financial group Angle Finance.
Read MoreAustralia’s general insurers like Suncorp, IAG and QBE are still hoping they can avoid a multi-billion dollar set of claims for business interruption caused by the 2020 Covid lockdowns.
Read MoreA busy week with all of Sydney, Central Coast and Wollongong locked down for the next two weeks and Covid’s new Delta variant still spreading. Oh, and June 30 is nearly upon us.
Read MoreThe market in Boral shares will be a hotbed in coming days after Seven Group Holdings was forced to boost its share price to a realistic level of well over $7 a share.
Read MoreA much quieter week for commodities ahead of the end of the month, quarter, half and financial years for major miners like BHP, Rio Tinto, Whitehaven, Oz Minerals, North Star and Fortescue Metals.
Read MoreThe ASX is heading for a weak opening this morning, despite Friday’s solid finish on Wall Street which shrugged off a higher inflation reading in the Federal Reserve’s favoured measure.
Read MoreCoking coal has become the latest example of China shooting itself in the balance sheet by banning imports of Australian raw materials and other products.
Read MoreA 10% rise in house prices and the near 25% rebound in the value of the ASX saw Australia’s total household wealth reach an all-time high in the three months to March.
Read MoreIn a move that will draw comparisons to Australia, the US Federal Reserve has eased restrictions on America’s major banks allowing them to boost dividends and resume buybacks.
Read MorePressure on Boral shares dissipated Thursday as they slid 3.6% to $6.90 after surging on huge turnover Wednesday to their highest level since 2018.
Read MoreInvestors finally cottoned on to the biggest gold discovery in Australia for two decades as shares in medium size miner De Grey Mining jumped nearly 8% yesterday to $1.33.
Read MoreShares in troubled tech stock Nuix slid nearly 2% yesterday on the news that Australian Federal Police had raided the company’s offices as part of a criminal investigation.
Read MoreWestpac has done an about-face and is to retain ownership of its NZ banking operations, believing a demerger of the WNZL business would not be in the best interests of shareholders.
Read MoreWoolies shares fell by around 11% on the first trading day without the Endeavour Group drinks business, after earlier being down 15%
Read MoreToll road giant Transurban has revealed a final distribution of 21.5 cents a security for the six months to June 30, up sharply from the two immediately preceding it.
Read MoreCopper has bounced back strongly from last week’s slide and shaken off news of the first sale of the metal by China from its strategic reserves, rising on each of the three trading days this week.
Read MoreAustralia’s record-breaking trade run continues with data from the Australian Bureau of Statistics revealing an all-time high surplus on merchandise trade of $13.3 billion in May.
Read MoreStruggling fruit and vegetables grower and marketer Costa Group has gone on the front foot with a proposed deal worth nearly $200 million to lift its stake in the Australian citrus sector.
Read MoreMore signs of recovery in the property sector from sector leaders Stockland and Dexus, with both companies confirming previous guidance on earnings and dividend payouts.
Read MoreA number of factors and circumstances have forced supermarket giant Woolworths to announce nearly $100 million in costs and impairments for the June 30 financial year.
Read MoreProperty developer and mall owner Stockland will meet guidance for the June half with a payout of 13.2 cents a security.
Read MoreTechnology dominated Wall Street trading in various ways on Tuesday, but Fed chair Jay Powell was the ‘star’ as he soothed inflation-wary investors in an appearance before US Congress.
Read MoreVocus Group’s life on the ASX has only a few days to go after shareholders approved the $3.5 billion buyout of the Dodo and iPrimus owner by Macquarie and Aware Super.
Read MoreKerry Stokes’ Seven Group has altered its $8 billion bid for Boral a little, making the $6.50 a share offer unconditional and allowing investors who accept the price to be paid in 7 days.
Read MoreShares in mining company IGO jumped nearly 10% at one stage yesterday after it told the market that its $2 billion plunge into lithium was nearing completion.
Read MoreSoul Pattinson is to buy fellow Sydney investor Milton Corporation via a scheme of arrangement merger – a move that will create a $10 billion investment group.
Read MoreSydney-based homecrafts retailer Adairs has moved to take full control of online homewares and furniture retailer Mocka, in which it had bought a 65% stake in December 2019.
Read MoreMarkets in the US and Europe roared back Monday from Friday’s sell-off, setting up the ASX for a strong rebound from Monday’s over-selling.
Read MoreShoppers in Western Australia and Queensland dug a little deeper in May and kept national retail sales growth positive in the month, offsetting the expected slide in locked-down Victoria.
Read MoreCommonwealth Bank shares lost more than 5% on Monday after the company announced the sale of its general insurance business to the South African owners of the Real Insurance brand.
Read MoreAn anti-Seven Group move or is Boral’s sale of its North American building products business merely another step towards Kerry Stokes grabbing control of the building products giant on the cheap?
Read MoreA trading update from Integrated Research was a tiny spark of green amid all the red of yesterday’s kneejerk reaction on the ASX to Wall Street’s dummy spit last Friday.
Read MoreThere will be more inflation gibber-jabber this week after last week’s Fed meeting moved rate rises to the top of the agenda for markets to fret constantly about for weeks to come.
Read MoreWatch the resources sector closely today as local investors react to Friday’s bug slide on Wall Street and the slump in the ASX futures market.
Read MoreWhile most other commodities stabilised, gold shed $US110 an ounce last week and faces more uncertainty with US Personal Consumption Expenditure to be released on Friday.
Read MoreASX futures fell out of bed on Friday night in the final session of the week, setting up a nasty fall for the market later this morning that will likely wipe out last week’s gains.
Read MoreThe bailouts continue in the debt-stressed airline industry as this week saw the huge Middle East carrier Emirates receive an extra $US1.1 billion in state support from Dubai.
Read MoreFor all the talk from Liberal Party backbenchers about house prices and housing affordability, their words are just hot air and nothing more compared with what’s going on across the Tasman.
Read MoreGeneral Motors this week accelerated its already ambitious Electric Vehicle and battery plans, highlighting just how quickly Australia is being left behind in the renewables and EV sectors.
Read MoreAir New Zealand is forecasting a big loss for the year to June and a repeat of that loss in the new 2022 financial year – taking the two-year total to around $NZ900 million.
Read More