Elmo Shares Catch Fire on Takeover Talk
Shares in Elmo Software jumped more than 30% Thursday after the company confirmed it had a parade of suitors sniffing around, including the private equity firm Accel-KKR.
Read MoreShares in Elmo Software jumped more than 30% Thursday after the company confirmed it had a parade of suitors sniffing around, including the private equity firm Accel-KKR.
Read MoreThursday’s monthly update on jobs and wages from the Australian Bureau of Statistics had bad and worse news, at least as far as the future direction of interest rates is concerned.
Read MoreQantas shares have soared to their highest level since the start of 2020 after the airline confirmed that it was heading for a massive profit in the upcoming financial year.
Read MoreDifferent market responses in Thursday’s ASX trading session to announcements from local rockhounds Galileo Mining (positive) and Artemis Resources (negative).
Read MoreRio Tinto and the Canadian government have announced a $C737 million investment plan to not only upgrade its production of titanium and scandium, but also to cut carbon emissions.
Read MoreInvestors pushed Bank of Queensland shares sharply higher yesterday in the wake of the bank’s release of its 2021-22 annual results that seem not to have contained any land mines.
Read MoreWord of possible takeover talks with Peabody Energy sent shares in coal miner Coronado charging Wednesday, while CSL also brought some good news to the market.
Read MoreGM has joined Ford, Toyota and Tesla in striking deals with Australian producers of key renewable metals, announcing a strategic investment in Queensland Pacific Metals.
Read MoreGlad tidings from another wobbly ASX trading session Tuesday with Viva Leisure continuing its strong turnaround, while Mirvac announced some changes in its boardroom.
Read MoreBaby Bunting has gone from high-flying rooster during the pandemic to unloved feather-duster after a gloomy trading update saw its shares belted 20% on Tuesday.
Read MoreThe latest NAB survey, issued yesterday, shows that the economy remains resilient, despite the challenges from higher inflation, rising interest rates and a gloomy global outlook.
Read MoreA worrying jump in UK bond yields has forced the Bank of England to double its support buying and warn for the second time in a fortnight of “material risk” to the UK’s financial stability.
Read MoreAfter an early dip driven by the fall in the wider market, shares in payments platform Tyro rallied 1.6% on a surprise earnings upgrade from the company for FY22-23.
Read MoreDespite their share prices falling on a rough old Monday for the ASX, both MinRes and Gold Road were spreading good cheer about their respective operations.
Read MoreAfter four failed attempts, Brisbane-based but UK-listed SolGold has finally been able to consolidate its control of the huge Cascabel copper-gold prospect in Ecuador.
Read MoreAustralian mining company Jervois Global Limited officially opened America’s first cobalt mine 8,000 feet above sea level in Idaho, with the aim to hit full capacity next February.
Read MoreAmerica’s third quarter earnings season accelerates this week and negative sentiment beckons thanks to weak reports expected from four of the country’s biggest banks.
Read MoreNowhere to hide this week for investors ahead of Friday’s triple witching event – the latest US inflation report, the US bank earnings reports and the Bank of England bond buying.
Read MoreThe OPEC+ production cut announcement provided significant support to oil prices but the September jobs report on Friday saw the oil bulls forced onto the back foot.
Read MoreWhile it is a holiday-shortened week, sharemarkets will be open with investors looking toward Friday and the conjunction of three potentially market-moving events.
Read MoreThis week’s decision by OPEC+ to cut oil production by two million barrels a day is a sharp escalation in the fight between the US and the Saudis for control of the market itself.
Read MoreA warning for Australia from the US car market, where car prices are weakening and analysts see a fall coming that will wipe out the premiums consumers have been paying for the past two and a bit years.
Read MoreThe Delaware judge hearing Twitter’s action to compel Elon Musk to carry through with his takeover bid has given the Tesla boss until October 28 to do so.
Read MoreThe revisions to previous forecasts in the September Resources and Energy Quarterly this week from the Federal Department of Industry tell the story about the gathering boom in lithium.
Read MoreGiant Brazilian mining company Vale has made the curious decision to sell part of its big copper and nickel business rather than part with any of its iron ore operations.
Read MoreRio Tinto and ERA have made a definitive move to lower the temperature of their dispute about rehabilitating the Ranger uranium mine and its surrounds in the Northern Territory.
Read MoreMore record highs for local coal miners Whitehaven and New Hope as punters sought to buy to grab extra profits for coal exports not even earned yet after the OPEC+ oil output cut.
Read MoreFalling online ad revenue has forced data services company Appen to make its third downgrade since July, causing another selloff for its shares, which slumped 16% at one stage.
Read MoreThe Biden administration has accused OPEC of siding with Russia after the group revealed a 2 million barrel a day cut to production.
Read MoreFor the second month in a row, sales of electric vehicles – mostly Tesla – have had a noticeable impact on car sales in Australia, figures from the FCAI revealed on Wednesday.
Read MoreASIC has launched legal action against Latitude Finance Australia and major consumer goods retailer Harvey Norman over the promotion of interest free payment methods.
Read MoreUnlike the RBA, the Reserve Bank of New Zealand has continued to hammer the country’s economy with another half a per cent lift in its official cash rate on Wednesday.
Read MoreDe Grey Mining is looking for $150 million in a new round of fund raising to develop its Mallina gold project in WA into the 5th largest gold mine in the country when completed.
Read MoreThe US labour market has shown the first clear sign of the impact of the Federal Reserve’s aggressive rate rises with a one million plus drop in the number of vacant jobs in August.
Read MoreTwitter shares jumped more than 22% on Tuesday after Elon Musk reversed course and said he was now prepared to buy Twitter for $US54.20 a share, lifting Wall Street for a second day.
Read MoreThe pace of growth in revenues for green metals and lithium in particular has been an eye opener, according to the September resource and energy quarterly released this week.
Read MoreSome saw the Reserve Bank’s decision to lift the cash rate by 0.25% as a ‘surprise’, while investors saw the attraction of the smaller increase and sent the ASX sharply higher.
Read MoreThe Australian housing sector is feeling the pressure from rising rates with house prices and finance trending down, while building approvals enjoyed a September relief rebound.
Read MoreAfter being sold off heavily in the June quarter because growth in its subscriber numbers had vanished, Netflix shares have just had their best three-month period in four years.
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