Woolies Further Increases Underpayments Shortfall
The $50 million top-up announced by Woolworths on Friday pushes the total bill for its underpayments to staff to $420 million, a not inconsiderable amount.
Read MoreThe $50 million top-up announced by Woolworths on Friday pushes the total bill for its underpayments to staff to $420 million, a not inconsiderable amount.
Read MoreThe Australian sharemarket is lifting for a second day and remains on track to gain ground this week. The ASX 200 received a boost from the US Senate voting in favour of a temporary lift to the US debt ceiling just before midday.
Read MoreAustralia’s third-biggest listed supermarkets and hardware group Metcash is changing CEOs with the incumbent, Jeff Adams deciding to retire and return to the US.
Read MoreThe Dow rose 1%; the S&P 500 gained 0.8% and the Nasdaq jumped 1.1%
Read MoreGiven the current backdrop, GAM Investments’ Julian Howard suggests it is difficult to see how central bankers might ever return to what might be deemed a ‘normal’ interest rate environment.
Read MoreFollowing record stimulus and better than expected economic conditions during financial year 2021, small companies are flush with cash. Perennial’s Marco Correia wonders, how will they spend it?
Read MoreIn a surprise statement yesterday, the Australian Competition and Consumer Commission has raised concerns over Qube’s $90 million acquisition of grain logistics company Newcastle Agri Terminal.
Read MoreNavarre Minerals has successfully raised most of the $40 million it was seeking to buy Evolution Mining’s Mt Carlton gold mine in North Queensland and a nearby prospect called Crush Creek.
Read MoreCorporate Connect analyst Lawrence Grech has today released a report on Australian mineral processing technology company TNG Limited, project developer of the 100% owned Mount Peake Project in the NT.
Read MoreSigma’s attempt to snatch control of API appears to have been thwarted, with rival bidder Wesfarmers exercising its call option over 19.3% API shares to put it in a dominant blocking position.
Read MoreThe Australian sharemarket is lifting by 0.6% thanks to gains across 10 of 11 sectors and follows a positive lead from Wall Street.
Read MoreASX200 up 18 points (0.2%) to 7224. Openpay (+10%); has secured $271m Receivables Warehouse facility that will rapidly help its expansion in the US, the largest BNPL market.
Read MoreUS and European markets remained volatile overnight as prices remained hostage to factors ranging from the US debt ceiling to energy prices. US stocks recovered from early lows boosted by hopes US politicians will resolve the borrowing impasse, in the near term at least.
Read MorePilbara Minerals shares jumped yesterday after announcing new ore reserves of lithium oxide at its key WA mine, reversing a weeklong selloff that had seen the company’s stock price lose around 10%.
Read MoreThe local sharemarket doesn’t seem to know if it is Arthur or Martha at the moment, with the many global and local factors currently at play certainly giving traders a wild ride so far this week.
Read MoreAs expected, the Reserve Bank of NZ (RBNZ) has lifted its key interest rate; not so expected was APRA’s decision to introduce a small tightening of controls over housing finance.
Read MoreNewmont has been forced to slash estimated 2021 gold production from its huge Boddington mine in WA by 17% after problems introducing its new autonomous truck fleet.
Read MoreWith government bond yields at record lows, investors have had to look elsewhere to meet their income needs. One sector they are turning to, as ClearBridge’s Shane Hurst explains, is infrastructure.
Read MoreWith multiple structural tailwinds and the risk of inflation making headlines, three portfolio managers at Janus Henderson ask: is it time to reconsider commodities’ use as a valuable portfolio diversifier?
Read MoreBHP has reached a deal with a battery-making joint venture between Toyota Motors and Panasonic, thereby greatly expanding the company’s footprint in the rapidly growing electric vehicle business.
Read MoreAccording to Montaka’s Lachlan Mackay, if Flutter can replicate Sportsbet’s success with FanDuel, it will help to unlock the huge valuation upside that makes Flutter such a compelling investment today.
Read MoreThe Australian sharemarket has given back this morning’s gains due to most sectors heading backwards and despite a strong lead from Wall Street. Energy, tech and healthcare stocks are standing out.
Read MoreASX200 up 13 points (0.2%) to 7262. A2Milk (-3.2%); Slater & Gordon have started proceeding against A2M on behalf of shareholders who bought shares between Aug 2020 and May 9 2021.
Read MoreChina’s continuing power shortage has forced the Xi Jinping government to blink and start unloading coal from Australia on ships held up by the country’s yearlong ban.
Read MoreThe Dow Jones index rose by 312 points or 1.4%. The S&P 500 index rose 1.1% and the Nasdaq index rose by 178 points or 1.3%.
Read MoreWith Evergrande hogging all of the attention, news has surfaced that two smaller property companies have missed debt payments, while one revealed a separate debt that no one knew it had.
Read MoreNo change to monetary policy from Tuesday’s October meeting of the Reserve Bank board and no updates on mooted moves to control the surge in house prices, either.
Read MoreWith news suggesting that the semiconductor shortage is getting worse, investors are asking what it may mean for semiconductor companies and their shareholders.
Read MoreCorporate Connect analyst Marc Sinatra has released an update of his previous research report on Antisense Therapeutics, placing a 12-month price target on the company of $A0.48.
Read MoreDe Grey Mining has moved closer to developing its still-growing Mallina gold prospect in Western Australia’s Pilbara region, which the company believes could become Australia’s 5th biggest gold mine.
Read MoreEvolution Mining has slimmed its mine portfolio with the proposed $90 million sale of its Mt Carlton gold mine and Crush Creek prospect in North Queensland to Navarre Minerals.
Read MoreAfter having its best start to a week in two months on Monday, the Aussie market fell by 0.4% today. Tech stocks led the declines while energy stocks surged on firmer oil prices.
Read MoreIn his weekly Bites column, David Bassanese from BetaShares gives us a rundown of what’s happening in markets, both local and global.
Read MoreThe Australian sharemarket is sliding by ~1% at midday, wiping out most of Monday’s gains as tech stocks lead the ASX 200 lower.
Read MoreCatch up on the full webinar with presentations from Tamboran Resources (ASX: TBN) , Vmoto (ASX: VMT), Impact Minerals (ASX: IPT) & WellNex Life (ASX: WNX)
Read MoreFor the second time since June, Gold Road Resources has cut its full-year production guidance, after more operational problems at the Gruyere gold mine in WA.
Read MoreMike Jones – Managing Director – Impact Minerals is a project generator and developer which explores a portfolio of tenement holdings within major mining regions of Australia.
Read MoreBlair Sergeant – Non-Executive Director – Vmoto Limited aims to supply the next generation EV that is sustainable, smart and environmentally friendly to modern commuters and travellers.
Read MoreThe Australian sharemarket is set to open lower on Tuesday, following the example set by its US and European peers overnight.
Read MoreTech stocks have been the powerhouse of the rebound in Wall Street shares since the depths of the pandemic – on Monday they headed towards correction territory as Nasdaq slumped more than 2%.
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