Crown Says No Dice to Blackstone
Crown Resorts has told US investment giant, Blackstone to go away, a decision that could clear the way for a marriage to Sydney based rival group Star.
Read MoreCrown Resorts has told US investment giant, Blackstone to go away, a decision that could clear the way for a marriage to Sydney based rival group Star.
Read MoreA slowish week for major data, with US retailers all reporting in a bunch, the RBA Minutes and a couple of employment / wages figures about the only things of interest.
Read MoreA strong opening is on the cards for the ASX this morning after the overnight market pushed futures higher, but watch for the market’s reaction to Friday’s 13% iron ore price crash, especially on the big mining stocks.
Read MoreIron ore exports to China through Port Hedland in 2021 are well behind those for the same period of 2020, although there has been a slight jump in shipments to Japan and South Korea.
Read MoreIron ore prices collapsed by more than 13% last Friday, effectively choking the 2021 surge and setting up a slide that will take prices much lower before it ends.
Read MoreJobs and wages return to the spotlight in Australia as we are part of an accelerating employment boom that continues to surprise analysts as well as monetary and fiscal authorities.
Read MoreWith so much going on in iron ore markets around the world and so many elements in play at the production level, we thought a thorough overview was in order to get our readers up to speed.
Read MoreLike Netflix, Disney has fallen short in the market’s eyes on subscriber numbers for its streaming service, Disney+. Unlike Netflix, they don’t have much subscription price latitude.
Read MoreThe shock and agony over the US April inflation data lasted just one day – pointing to the uselessness of much of the reaction and analysis – as Wall Street saw a solid gain Thursday after three days of selling.
Read MoreAustralia’s biggest wine group Treasury Wine Estates is well on the road to recovery from China’s trade policy last year that effectively shut the market to Australian winemakers.
Read MoreOrica, the country’s biggest explosives maker, has backed up a downgrade issued in late February by cutting its interim dividend by more than half after earnings fell 54%.
Read MoreThe end of the drought and a record grain harvest boosted first-half revenue and earnings for GrainCorp, which in turn saw the company’s shares hit their highest level in 8 years.
Read MoreDespite increasing profit, revenue and subscribers for the year to March, shares in accounting platform Xero got the rough treatment in Thursday’s trading session.
Read MoreToyota has confirmed ambitious plans for sales electric vehicles and decarbonisation of the company over the next 9 years after revealing a solid rebound in sales and earnings.
Read MoreUS consumer price inflation rose faster than forecast in April, and looks like continuing to surprise on the upside for the next couple of months at least on the back of soaring gas prices.
Read MoreThe three major credit ratings agencies have given the 2021-22 budget a guarded tick of approval, though two of them are maintaining a negative outlook on the economy.
Read MoreFuture earnings for Australia’s copper giants – BHP and Rio Tinto – are being threatened on several fronts as world prices hit new all-time highs.
Read MoreCommonwealth Bank’s strong third-quarter profits confirmed the rebound in the fortunes of banking and the big rally in shares of the sector – especially the big four – since late last year.
Read MoreTrading in carsales.com shares was halted Wednesday to allow it to start the raising of $A600 million to fund its move into the US market with a 49% stake in marketplace platform Trader Interactive.
Read MoreYum went investors as they sighted the full year results from building products giant CSR, with a higher profit and what would be a welcome final dividend for the year to March.
Read MoreShareholders in building products group, CSR received some welcome news on Wednesday – a reinstated final dividend after a nice rise in full year earnings for the 12 months to the end of March.
Read MoreShareCafe Head Contributor Glenn Dyer provides a first-look at this year’s – well, the last two year’s in a way – Federal Budget. More to follow over the next day or so.
Read MoreThe tech sector was routed again on Tuesday after a selloff on Wall Street due to fears about the damage inflation would do to companies like Apple, Facebook, Netflix, Alphabet and Amazon.
Read MoreChina’s commodity futures exchanges have confirmed moves to raise trading limits and margin requirements for some contracts as the surging rally in the ferrous metals complex continues.
Read MoreBoral has told shareholders to reject the $6.50 a share cash, $8 billion offer from major shareholder Seven Group Holdings, which is controlled by Perth-based billionaire, Kerry Stokes.
Read MoreAs expected, China’s Consumer Price Index and Producer Price Index rose last month as the steep fall in prices in the pandemic a year ago rolled out of the comparison.
Read MoreBillionaire Kerry Stokes’ Seven Group Holdings has launched an $8 billion takeover offer for Boral – but doesn’t want the offer to fully succeed.
Read MoreInvestment manager Pendal has announced it will take over US-based value manager Thompson, Siegel & Walmsley, along with a $190 million capital raising to fund the purchase.
Read MoreGlobal iron ore prices soared in panic-like dealings on Monday, hitting new all-time highs for the third day in a row in a rally that has all the hallmarks of good old FOMO.
Read MoreFurther downgrades from the once high-flying A2Milk and fertiliser maker Incitec Pivot on Monday – not the first for either company, both of which are turning into serial offenders.
Read MoreA modest tick from the market for The Star Entertainment Group’s punt to buy casino rival Crown Resorts but the wheel is nowhere near finished spinning yet.
Read MoreWoolworths got a thumbs up from investors yesterday for the long-mooted spinoff of its grog business Endeavour Drinks, with shares rising 2.7% to close at $40.50.
Read MoreResource stocks surged on the ASX in Monday trading with some of the majors and the broader market reaching new highs thanks to record iron ore and copper prices.
Read MoreThe monthly business survey from the National Australia Bank has revealed business conditions and confidence hit new record levels on the eve of the 2021-22 federal budget.
Read MoreWoolworths has released details of the spin-off of its grog business, Endeavour Drinks and shareholders could be in for multi-billion-dollar reward.
Read MoreLots of action in Crown Resorts on Monday with a higher offer price, a merger proposal, a new CEO and two state royal commissions kicking off their hearings into the company’s affairs.
Read MoreWas last week a one-off reshuffle of investor sentiment towards financials or has there been a deeper transition in the market with the big banks firmly back in favour at the expense of fintechs?
Read MoreIt’s going to be hard for financial markets to get worried about this week’s US CPI report after the much forecast one million new jobs failed to be created in the US economy in April.
Read MoreThe 2021-22 Federal Budget surfaces tomorrow night and from all accounts it is going to look a lot like the delayed 2020-21 document – lots of spending and few signs of austerity.
Read MoreCopper and iron ore hit new all-time highs on Friday as demand for both commodities continued to surge, especially from China, with other commodities being dragged along for the ride.
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