AJ Lucas Struggles To Raise Capital Amid UK Fracking Ban
Investors have ignored AJ Lucas’ latest attempt to raise money for its UK oil and gas exploration efforts.
Read MoreInvestors have ignored AJ Lucas’ latest attempt to raise money for its UK oil and gas exploration efforts.
Read MoreDespite a shorting attack last month, Global logistics software group WiseTech Global has gone back on the takeover trail, buying Korean customs, bonded warehouse and trade compliance solutions provider Ready Korea for $20 million.
Read MoreChina is heading for its 4th year in a row of iron ore imports topping 1 billion tonnes with non-Brazilian exporters – mostly in Australia – able to make up for the multi-million-tonne shortfall from Brazil’s Vale in the wake of the January 25 mine dam wall disaster.
Read MoreIt seems IOOF is back in the good books of regulators after APRA okayed the $825 million purchase of ANZ Bank’s superannuation business.
Read MoreFour days after the Japanese government revealed plans for a $US121 billion stimulus spending package, data emerged on Monday showing that the economy is traveling a lot better than anyone had thought.
Read MoreA bit of truth-telling ahead of the long Christmas break with more pain at Boral while Estia Health has warned that it now expects lower earnings for the 2019-20 financial year as has salary packaging and car leasing group, McMillan Shakespeare.
Read MoreThe ASX shed 2% last week and was not able to recover the big 3% plus losses on Tuesday and Wednesday. The index gained 24 points on Friday to 6,707, but this was down from the record high of 6,888 tapped on Monday.
Read MoreAnother 1% plus fall in China’s exports in November but imports surprised with a rise of 0.3% after a sharp fall in October.
Read MoreDesperate OPEC and Russia have lifted the size of their daily production cap to try and offset a rising global oil glut that threatens to send prices lower in early 2020.
Read MoreWatch the share prices of local gold stocks like Newcrest, St Barbara, Evolution, Northern Star and Saracen after a big fall in futures prices on Friday.
Read MoreAfter the very strong US jobs report for November, don’t expect any move on interest rates at this week’s final meeting for 2019 of the US Fed’s Reserve’s top policy committee.
Read MoreA number of events and data releases this week will grab the attention of investors here and offshore.
Read MoreNow there’s one way of seeing off an unwanted takeover offer – do what the putative bidder doesn’t want to do, such as announce a capital raising when the bidder, Independence Group made such a move a condition of the offer failing.
Read MoreA day after the unimpressive September quarter national accounts showed Australians had closed their wallets in Q3, the first reading of consumer activity in Q4 showed no change.
Read MoreThe shares of Australia’s big four banks rose strongly yesterday after the Reserve Bank of New Zealand watered down its new capital requirements.
Read MoreShares in NSW coal miner, Whitehaven Coal were punished yesterday after it cut its coal production outlook for 2019-20 and raised its cost forecasts,
Read MoreAs expected the interim result from independent grocery, liquor and hardware supplier, Metcash was hammered by big write-downs revealed on Tuesday to cover the loss of a major supply contract.
Read MoreShareholders in the infant formula group, Bellamy’s have overwhelmingly thrown their lot in with a Chinese dairy giant and accepted a $1.5 billion offer.
Read MoreThere goes most of the tentative gains in the back half of 2019 as the ASX 200 on Wednesday fell to a level under what it was on June 28, the last trading day of the first half of this year.
Read MoreSome good news amid yesterday’s second big sell-off in a row (thanks to Donald Trump). Shares in out of home ad group oOh!media soared by more than 30% after it upgraded earning guidance for the financial year ending December 31.
Read MoreIf the September quarter’s 0.4% rise in GDP is a ‘gentle turning point’ as suggested by the Reserve Bank and governor Philip Lowe, then the economy got lost somewhere in the three months to September 30.
Read MoreAnother company to stand out in yesterday’s second day of selling (besides oOH!Media) was Sydney-based homewares and fabric seller Adairs which revealed a big move into the online space via a deal that could cost it more than $95 million in cash and shares.
Read MoreNo rate cut from the Reserve Bank at its final monetary policy board meeting of the year and none is in prospect, despite the usual speculation from Paul Keating’s famed pet shop galahs among our economic commentators, business analysts, and media writers.
Read MoreIndependent grocery and hardware supplier/wholesaler Metcash says losing a key supply contract to the 7-Eleven convenience store chain from next year has forced it to make write-downs and asset impairments totaling more than $310 million.
Read MoreYesterday the Australian Bureau of Statistics confirmed that forecast in the releasing the current account data for the September quarter showing a surplus for the three months of $7.9 billion.
Read MoreConvenience store operator and oil refiner, Caltex Australia says the $8.6 billion, $34.50 a share surprise from Canadian group, Alimentation Couche-Tard (ACT) isn’t enough and like Oliver Twist, wants more.
Read MoreAnother surprise from China yesterday with the second survey of manufacturing activity showing a surprise acceleration in the rate of expansion in November.
Read MoreAnother headache for Westpac is in the offing after the key banking regulator, APRA revealed that the bank could face fines and the disqualification of its senior management over the money laundering and terrorism financing law breaches outlined by AUSTRAC.
Read MoreNo rate cut today at the final Reserve bank board meeting, despite weak data yesterday – except for house prices which continue to escalate towards what will be a crunch.
Read MoreFortescue Metals shares closed at a new all-time high of $10.02 yesterday on news that Chinese manufacturing rebounded a little in November.
Read MoreThe health of the economy returns to the fore this week with the final meeting for 2019 of the RBA’s monetary policy board tomorrow and the September quarter’s National Accounts the day after which are forecast to show another miserable growth outcome.
Read MoreMost governments in developed economies have been reluctant to stimulate – Australia is no different – and have left it to central banks to flog monetary policy as hard possible towards quantitative easing with policy moves such negative interest rates and bond-buying. But there are some governments starting to move.
Read MoreNovember turned out to be better than expected and analysts are confident that December will see a repeat of the mostly solid gains for equities, unlike a year ago when there was a massive sell-off in the final six weeks of the year that culminated in big falls and lows on Christmas Eve.
Read MoreThere’s a very busy week ahead for markets with key economic data to take in from Australia, the EU, US, and China while the UK election campaign is heading towards the poll 11 days away.
Read MoreCommodities had a mixed month as key factors such as risk re-emerged, despite the continuing trade tensions between President Donald Trump and China, Brexit and the UK election and problems in Spain and Hong Kong.
Read MoreFriday saw the ASX 200 end November with a small loss but was still up 2.65% for the month with most of those gains coming last week with a rise of 2.03%. The index is up 21% year to date.
Read MoreCollins Foods shares added another 1.5% yesterday on top of the 7% gain on Wednesday in the wake of a solid interim profit result and higher dividend. And some analysts think the stock has a little way to run higher, but others are doubtful.
Read MoreThe continuing pressure from the AUSTRAC money laundering claims and pressure from regulators has seen Westpac decide to let small investors withdraw orders to buy shares in the $500 million offer to retail investors as part the $2.5 billion capital raising announced earlier this month.
Read MoreAustralian business investment fell unexpectedly in the September quarter, creating additional downside risks for next week’s third-quarter national accounts and GDP figures.
Read MoreShares in major retailer, Woolworths hit and closed at an all-time high of $39.68 yesterday after CEO Brad Banducci and chairman Gordon Cairns announced they would have their pay packets docked for the 2019-20 financial year in response to the company’s $300 million underpayments of many of its managers.
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