Infigen Energy Hoses Down Takeover Talk
Shares in renewable power utility Infigen Energy ended square yesterday at 70 cents after the company tried to play down swirling takeover talk from last week.
Read MoreShares in renewable power utility Infigen Energy ended square yesterday at 70 cents after the company tried to play down swirling takeover talk from last week.
Read MoreA couple of weeks ago investors were worried that Nestle had invaded the Chinese market for a2 milk for children, so shares in the a2 Milk company fell sharply.
Read MoreMarch quarter exploration and production reports from some our biggest miners and energy groups will dominate events this week locally, apart from the fallout from the bombing raids in Syria.
Read MoreWatch gold, silver and oil prices take a further run higher in Asian trading today after the weekend raids on Syria by planes and missiles from the US, UK and France.
Read MoreMarkets in Asia today will feel the impact of the weekend raids on Syria by US, UK and French aircraft and missiles.
Read MoreChina’s March quarter GDP growth data is out tomorrow and is expected to again show a solid pace of activity.
Read MoreThe escalation of Western military involvement in Syria will dominate markets this week, but there are other events and releases that markets will also be watching.
Read MoreGlobal aluminium and alumina prices soared to six year highs on Friday as the impact of the sanctions on the big Russian controlled aluminium producer, Rusal continued to rattle global markets. That has seen Rio Tinto forced to join Glencore in being forced to declare force majeure on deals it has with Rusal.
Read MoreIn a move that will be of considerable interest to local building products giant, Boral, a fight has broken out for control of a key partner, the US gypsum and plasterboard maker, USG as legendary investor Warren Buffett has gone ’hostile’.
Read MoreHere’s news that will worry some investors.
Read MoreIt hasn’t taken all that much time for a ginger group of shareholders in Atlas Iron to emerge on social media whingeing about the ‘cheapness’ of the agreed deal with Mineral Resources (MinRes).
Read MoreGlencore, the global miner and commodity trader has been forced to declare force majeure on aluminium supply contracts thanks to tougher US sanctions against Rusal, the key Russian global aluminium producer.
Read MoreNZ jeweller Michael Hill’s self inflicted ‘diet’ has seen staff at nine stores in the US lose their jobs after the group was forced to close the locations after failing to find a buyer.
Read MoreThere seems to be a bit more life in the home building sector than previously though.
Read MoreReserve Bank of Australia governor Philip Lowe says the next interest rate move will likely be an increase that will come as a shock to many households given they haven’t seen one in seven years.
Read MoreCost pressures cooled sharply in China in March with the Lunar New Year festival out of the equation.
Read MoreShares in Kin Mining lost 40% of their value yesterday after the company called a halt to its $35 million Leonora gold mine because of cost overruns.
Read MoreThe US second quarter earnings festival kicks off tonight, US time when reports issued by Delta Airlines and giant fund manager, Blackrock release what will be solid figures.
Read MoreQantas shares continue to defy rising global oil prices with a rise yesterday of 0.16% to $6.10 to be up more than 20% so far in 2018.
Read MoreMeanwhile Qantas has sold its catering arms to its global alliance partner Emirates, in a move it says will help it to focus investment in its core airline operations.
Read MoreRecycling is popular in Chinese economic and trade policy and so is conning investors.
Read MorePresident Xi’s soothing, but essentially meaningless words on a ‘trade offer’ to the US saw stockmarkets pop (The Dow was up 428 points or 1.8%), while European stocks also rose nicely. Gold edged up to $US1,343 an ounce, but oil jumped more than 3% to the highest level since December 2014 for the key Brent global indicator.
Read MoreThe US is facing a return to years of trillion-dollar annual budget deficits from 2020 onwards as the tax cuts pushed by President Donald Trump and Republicans and higher public spending strain America’s finances – at a time when the nine year economic recovery is starting to show signs of ageing.
Read MoreSigns the economy might be losing some steam after a slowing emerged in the March monthly National Australia Bank survey of business conditions and confidence released yesterday.
Read MoreGodfreys Group shares jumped nearly 43% to 30 cents yesterday after investors noted the mop up bid (a ‘charity offer’?) if the embattled company’s biggest shareholder, John Johnson, the 99 year old co-founder of the vacuum cleaner retailer.
Read MoreIronic? The shares in Godfreys, the embattled vacuum cleaner retailer closed at an all time low of 21 cents on Monday at 4pm, and an hour and 17 minutes later the 99-year-old co-founder and still major shareholder revealed plans to make a takeover bid for the entire company and take it private.
Read MoreElders has decided to sell its beef feedlot and processing assets in Indonesia, and has confirmed more deals that will deepen its investment more in its Australian agricultural chemicals business and livestock agency operations. The news saw Elders shares jump more than 3.6%% to $7.99.
Read MoreAs expected Atlas Iron’s board is set to be swallowed by the very much larger Mineral resources (MinRes) for an all paper $280 million bid which in the end is a pittance.
Read MoreAustralia’s resource and energy export earnings are forecast to reach a record $230 billion in the year to June, driven by higher iron ore and coal prices and still growing LNG export volumes.
Read MoreGold futures lead most metals higher on Friday on the back of US-China trade-war tensions and the weak March jobs report.
Read MoreSo where now for global markets in the coming week after trade tensions rose in the wake of President Donald Trump’s new attacks late last week on China and Amazon.
Read MoreUS banking giants, JPMorgan, Wells Fargo and Citi lead off the start of the March quarter earnings report this week with analysts projecting one of the best three months for years due to a combination of a solid economy and the spillover of the Trump tax cuts.
Read MoreNo doubt the tit for tat tariff hike plans in the US and China will dominate the coming week, as will the outcome of last Friday night’s weak US jobs report for March.
Read MoreMore problems for Oil Search, Santos, Exxon Mobil, Total and a host of smaller local companies with mining and exploration operations in the southwestern highlands of Papua New Guinea with another big earthquake reported from the region at the weekend.
Read MoreA combination of rising China-US trade tensions (which saw a big Wall Street sell-off on Friday night) and news that the number of drilling rigs looking for oil in the US hit a three year high last week, knocked global oil prices on Friday.
Read MoreShares in lithium producer, Orocobre posted the biggest loss of the day yesterday after it cut its 2017-18 production guidance by 10%.
Read MorePerth based construction and services company, SRG is betting the company somewhat in a $33 million deal that will take it across the continent and Tasman Sea and into New Zealand.
Read MoreIt’s all over. Murray Goulburn unitholders yesterday approved the $1.0 billion takeover of the co-operative by Canada’s Saputo Inc.
Read MoreBHP Billiton, the world’s largest listed mining company, has followed through with its threat to leave the World Coal Association because of a disagreement on climate policy.
Read MoreAustralia’s February trade surplus topped market expectations with the major export sectors showing small gains.
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