No Signs of a Letup in Housing Strength
The great housing boom continues – prices surged in May and building approvals for owner-occupied again rose in April, although there was a sharp drop in approvals for units and apartments.
Read MoreThe great housing boom continues – prices surged in May and building approvals for owner-occupied again rose in April, although there was a sharp drop in approvals for units and apartments.
Read MoreThe West Australian government is making sure that the booming iron ore sector pays its share of royalties and taxes, which means the likes of Fortescue and BHP will be forking out more in coming years.
Read MoreNo rate change from the Reserve Bank yesterday, with the official cash rate remaining at 0.1%. But continued strength in commodity prices and wage pressures are looming concerns.
Read MoreIron ore prices ended May on a high with the 62% benchmark fines product from Australian producers back near $US200 a tonne, but still off sharply from the all time highs reached on May 12.
Read MoreThe ASX-200 ended May 1.9% higher for its 12th straight monthly gain, and for that, investors can thank the big four banks.
Read MoreDexus has lifted its full-year guidance and now expects a 3% growth in distributions per security for the year to June instead of the previous guidance for flat outcome.
Read MoreNews Corp’s 61% owned property listing business REA Group is continuing to withdraw from involvement in Asian markets that once were seen as key to its future growth outside Australia.
Read MoreLink Administration shareholders do not like the idea of a float for online conveyancing group PEXA that only nets around $50 million in cash for its dominant stake in the company.
Read MoreShares in BetMakers shed more than 13% on Monday as investors gave the thumbs down to its audacious $4 billion cash-and-scrip bid for Tabcorp’s wagering division.
Read MoreFutures trading on Friday put the ASX 200 up a tiny 6 points for the resumption of trading on the local market today – which, without the guide from the US tonight should make for a quiet couple of days.
Read MoreA busy week in store on the economics front as we get a Reserve Bank monetary policy meeting, a clutch of start of month economic data and then the national accounts and GDP numbers for the March quarter.
Read MoreA big week for markets and investors – although trading will be shortened because of the US Memorial Day holiday today – that should give us a good idea how the world economy is travelling and where it is heading.
Read MoreA mixed end to May: for most of the world’s biggest and most important markets, today’s Memorial Day holiday in the US (and one in the UK as well) means Friday was the final session for the month.
Read MoreA fair bit going on at the moment, here are a few developing stories from over the weekend we thought you might like updates on, involving PEXA / LNK, ING, SHV, TAH and FMG.
Read MoreGood news for buy now pay later (BNPL) companies with the Reserve Bank deciding against regulating the sector for now. But a change could be coming down the track.
Read MoreBy way of follow-up to our story of last week, we take a deeper dive into all of the permutations at play in Amazon’s proposed $US8.45 billion purchase of MGM.
Read MoreHousing prices in the US are surging at their fastest rate in 15 years and, along with the rapid rise in raw material costs, the pressures are starting to hurt new home construction and demand.
Read MoreHSBC has finally decided to pull the plug on 40 years of trying to crack the huge US retail banking sector and losing tens of billions of US dollars in the process.
Read MoreUS private equity giant KKR and Nine Entertainment’s real estate listings company Domain Holdings have made a surprise $3.1 billion bid for the online property conveyancer PEXA.
Read MoreA strike by 205 workers employed by BHP at two of its big mines in Chile has pushed the price of copper back over $US10,000 a tonne.
Read MoreA day after Mosaic Brands convinced the market that it wasn’t heading off a cliff, it has fallen foul of the competition and consumer watchdog, the ACCC, for misleading product data.
Read MoreShares in New Zealand medical technology group Fisher & Paykel Healthcare took a pounding yesterday despite the company turning in a stellar result for its 2021 financial year.
Read MoreFor the second time in two years shares in fruit and vegetable grower and distributor Costa Group have fallen out of bed after a weak trading update, ending the session down 24%.
Read MoreFederal government investment incentives drove strong growth in March quarter capital expenditure and construction spending, according to figures from the Australian Bureau of Statistics.
Read MoreAMP shares shrugged off legal action from ASIC involving the most notorious part of the Hayne Royal Commission – the company charging fees to people after they had died.
Read MoreThe takeover of paper and personal care products Asaleo Care by its second biggest shareholder has been given the greenlight by the Foreign Investment Review Board and New Zealand’s Overseas Investment Office.
Read MoreTwo separate events on Wednesday – one in a courtroom in the Netherlands, the other at the Exxon Mobil annual meeting in Texas – have stunned global business, especially the oil industry.
Read MoreAMP will be quick to try and settle this ASIC case which involves the most notorious part of the Hayne Royal Commission two years ago – the company charging dead people fees.
Read MoreInvestors reacted warily on Thursday to the surprise $1.8 billion takeover bid from private health group Ramsay Health Care for a UK private hospital operator.
Read MoreCommonwealth Bank hit an all-time intra-session high of $100.20 yesterday, but couldn’t sustain the push and actually lost 5 cents on the day to end at $99.58.
Read MoreFund manager Australian Ethical has upgraded its June 30 profit estimates after boosting funds under management (FUM) to more than $5.6 billion – a record for the group.
Read MoreThe Reserve Bank of New Zealand has left its official cash rate at 0.25%, where it has been for the past 14 months, and there doesn’t look much reason for a change anytime soon.
Read MoreShares in global testing lab operator ALS surged more than 12% yesterday to a new year’s high as the company played catch up for its shareholders with a sharply higher final payout.
Read MoreAccounting black, not red, has become the order of the day for retailer Mosaic Group, with stores open, revenue ticking over, profits on board and more to come in 2022.
Read MoreAfter a nightmare 2020 that saw it pushed to the very brink of survival thanks to the bushfires and Covid lockdowns, retailer Mosaic Brands seems to have got things back on track.
Read MoreCopper prices continue to slide despite the threat of strike action at two of the world’s biggest copper mines – both owned by BHP – in Chile.
Read MoreApril turned out to be something of a banner month for the Australian trade account, with record exports and the third highest surplus on record.
Read MoreShares in Brisbane-based TechnologyOne saw a small rally yesterday thanks to a sharp rise in interim earnings and a smaller rise in its half-time payout to shareholders.
Read MoreNorthern Star revealed this week that Michael Chaney, the current chair of Wesfarmers and the most powerful business leader in WA, will replace Bill Beament on July 1.
Read MoreThings are looking up for coal miner New Hope thanks to a major turnaround in the price of its chief source of revenue, thermal coal, which has hit $120/tonne.
Read More