Tabcorp Says “No, Tah” to Entain Offer
Shares in Tabcorp dipped 2.7% to $4.69 yesterday after the company rejected an approach from UK gambling group Entain on the basis that it was was too low to accept.
Read MoreShares in Tabcorp dipped 2.7% to $4.69 yesterday after the company rejected an approach from UK gambling group Entain on the basis that it was was too low to accept.
Read MoreMore problems for the AMP with one of its most recent deals now looking problematic and perhaps linked to the reports that the CEO, Francesco De Ferrari is on the way out.
Read MoreCPU shares closed down 0.2% at $14.96 after the company came out of a trading halt that saw it raise $500 million toward buying Wells Fargo’s US Corporate Trust business.
Read MoreNews Corp controlled REA Group is buying Mortgage Choice for $244 million, as the real estate listings company seeks to expand the size of its mortgage broking business.
Read MoreThe ASX is heading for a strong start to trading later today as the end of the month and quarter approaches and investors go through some ’strategic’ buying and selling.
Read MoreThe debacle in the Suez Canal dominated commodity markets last week and will do so this week as oil prices kicked higher again on Friday, copper and gold rose, as did iron ore.
Read MoreInstability at the pointy end of two major companies, with TPG executive chair (and founder) David Teoh gone and AMP CEO Francesco De Ferrari on the way out.
Read MoreThis week we get the full start-of-month and end-of-quarter drop of global economic data that will tell us the global economy is in better shape than we thought a month ago.
Read MoreAmerican banks have just been told they will have to wait at least a further three months before they can return to the status quo of boosting returns to shareholders.
Read MoreUS sharemarkets were rocked Friday by shock selling of a series of billion-dollar blocks of shares in selected US media companies and the depository receipts of Chinese internet giants.
Read MoreOur story earlier in the week about the potential impact on iron ore prices and exports to China of the smog-related regulations introduced in Tangshan struck a nerve among our readership. We thought a follow-up was necessary.
Read MoreCanadian Pacific Railway’s move to buy Kansas City Southern could trigger another round of takeovers in this sector, but there are implications for the embattled US airline and aviation services sectors as well.
Read MoreShares in Resolute Mining, the African-focused gold producer, fell out of bed yesterday when the company revealed it had lost a gold mining lease in the West African country of Ghana.
Read MoreDrama yesterday about the CEO’s position at AMP Limited as a report on the AFR website claimed CEO Francesco De Ferrari has resigned after two and a half years in the position.
Read MoreBrickworks will lift its interim dividend to 21 cents a share after its interim results were saved by its property development arm and not its core building products operations.
Read MoreShares in Sydney-based investment group Washington H Soul Pattinson hit a new all-time high yesterday despite reporting mixed results from its stable of companies in the latest half year.
Read MoreControl of Australia’s second stock exchange is changing hands with one of the biggest exchanges in the world, Cboe, buying the Australian and Japanese markets run by Chi-X.
Read MoreThe start of work on the Barossa LNG project off northern Australia has moved a step closer with Santos revealing that it has awarded the project’s single largest and most important contract.
Read MoreFebruary was a record month for Australia’s trade account, with the $8.1 billion figure marking the first time the country has seen three months in a row of $8 billion-plus goods surpluses.
Read MorePremier Investments will not hand back the nearly $20 million it received in JobKeeper payments during the first half of its 2020-21 financial year despite nearly doubling its profits.
Read MoreWestpac is reportedly looking at quitting New Zealand and retreating to its Australian core, telling the ASX yesterday afternoon that it had appointed Macquarie to explore the sale of the NZ business.
Read MoreShareholders in Computershare will be asked to pay most of the $US750 million ($A970 million) cost of buying Wells Fargo’s Corporate Trust Services (CTS) in the US.
Read MoreThe numbers of claims from the heavy rain and floods in NSW and southern Queensland has more than doubled in a day as conditions in and around Sydney and the north coast eased.
Read MoreTrouble abounds for a number of NSW’s major coal players thanks to COVID-related price action, questionable behaviour on the part of former executives, and good old Mother Nature.
Read MoreSigma Healthcare has reported a $59 million net profit after tax for the year to January, much better than the $12.3 million loss for 2019-20.
Read MoreNZ-based outdoors retailer Kathmandu has returned to paying dividends after reporting higher sales and profits in the first half.
Read MoreThe 2021 boom in iron ore has been popped with the price of the most popular type – 62% Fe fines – dropping into negative territory for the first time this year on Monday.
Read MoreFreedom Foods’ recovery faces a bigger hurdle after the shares plunged more than 80% as a nine-month trading suspension ended on Monday.
Read MoreCrown shares jumped 21% yesterday as investors punted on a second takeover offer or a higher price from Blackstone, the US private equity company which has announced a bid for the company.
Read MoreThe Insurance Council of Australia has declared an insurance catastrophe after more than 5,000 claims were lodged following extreme rain and flooding across Sydney and much of coastal NSW.
Read MoreAutobarn owner Bapcor has picked up a 25% stake in Singapore auto parts group Tye Soon for around $12 million – putting a value on the new associate of $50 million.
Read MoreThe end of Telstra as we know it as the company confirmed yesterday the shape of the previously announced plan that would see it splitting itself into four component parts.
Read MoreEmbattled casino group Crown says it has received a non-binding takeover offer from US private equity giant Blackstone at $11.85 a share, a big premium to Friday’s close of $9.86.
Read MoreThe ASX 200 is looking at a soft opening later today after Wall Street ended last week without providing a major lead for the start of this week.
Read MoreAfter making clear last week it would not be moving interest rates until 2024, the US Federal Reserve goes on the offensive this week with 13 appearances by senior officials between Monday and Thursday.
Read MoreInvestors will be watching the news of a potential slashing in Chinese crude steel production and demand for iron ore after tough rules on pollution control were announced in Tangshan.
Read MoreDid Rio Tinto spot this major change coming from the SEC that will force every energy company in the world to take climate change issues far more seriously?
Read MoreBrief lockdowns in Victoria and Western Australia saw retail sales down in February, with the first estimate from the ABS showing a fall of 1.1% for the month vs the expected rise of 0.3%.
Read MoreAmazon leads streaming video’s deepening advance into the established media with the US NFL revealing a new $US113 billion broadcast deal that will change sports rights around the world – including Australia.
Read MoreThe boom in oil prices came to a crashing end on Thursday with futures down 7% as traders realised that Covid’s resurgence in parts of Europe would be negative for demand.
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