API Knocks Back “Opportunistic” Wesfarmers Bid
Australian Pharmaceutical Industries has told Wesfarmers to go away after rejecting the non-binding $1.38 a share offer as “opportunistic” and not in the best interests of shareholders.
Read MoreAustralian Pharmaceutical Industries has told Wesfarmers to go away after rejecting the non-binding $1.38 a share offer as “opportunistic” and not in the best interests of shareholders.
Read MoreExperienced mining executives Russell Davis and Simon Eley are backing newly listed ASX company M3 Mining, which has promising gold/copper exploration assets in Western Australia.
Read MoreAirlie’s Emma Fisher reflects on the past 12 months in the Australian equity market, discusses the fund’s strong performance, positioning for inflationary risks and current holdings.
Read MoreChris Burns – CEO – Novonix Limited is an integrated developer and supplier of high-performance materials, equipment, and services for the global lithium-ion battery industry with operations in the USA & Canada.
Read MoreASX200 up 33 points (0.5%) to 7412. Macquarie (-0.1%); 1Q contribution up “significantly” on pcp. Maintains cautious stance and warned of potential lower dividend.
Read MoreNikki Thomas from Alphinity Investment Management goes under the hood of the world’s leading and best-known sporting apparel company and home of the swoosh, Nike.
Read MoreBell Potter analyst Hayden Nicholson updates developments in the LIC market. This week: WAM Leaders Entitlement Offer
Read MoreFacebook disappointed for the June quarter in the one key metric on which it is judged – users – and paid the price for it with traders marking the company’s shares down heavily.
Read MoreThe Dow Jones index fell by 128 points or 0.4%. The S&P 500 index fell by less than 0.1%. But the Nasdaq index lifted by 102 points or 0.7%.
Read MoreThe US Federal Reserve has moved closer to winding back its support for the US economic recovery by declaring that “progress” had been made towards its economic goals.
Read MoreIn “normal” times, Australia’s 2Q CPI figure surprising on the upside would almost certainly trigger fears that rate rises are coming fast. But, argues AllianceBernstein’s Guy Bruten, times are not “normal”.
Read MoreShareholders in Rio Tinto will get record dividends totalling $US5.61 a share (about $A7.60) after the iron ore giant revealed a record profit and revenues for the six months to June.
Read MoreSpark Infrastructure has forced its North American suitors to return with a third and more favourable offer almost 32 cents a security higher than the first ’skinny’ attempt.
Read MoreThe improvement in the outlook for global almond prices and demand has seen Australian grower Select Harvests upgrade its expectations for its 2021 crop by more than 20%.
Read MoreDespite the expected CPI surge in the June quarter to an annual rate of 3.8%, the extended Sydney lockdown has led one senior economist to drastically slash his forecast for the next 3 months.
Read MoreBanks are awash with cash yet still finding it difficult to engage in their key business, lending. Are there green shoots appearing?
Read MoreASX200 down 20 points (0.3%) to 7411. IGO (-1.5%); said FY production of copper and nickel beat expectations, while costs were lower than anticipated.
Read MoreBHP and Rio Tinto have revealed new offshore plays to get deeper into the renewable commodities sector: a Canadian nickel company for BHP and
a big Serbian lithium mine for RIO.
Despite good to excellent June quarter earnings figures, shares in Apple, Alphabet and Microsoft either fell or showed a small rise in after-hours trading as investors turned negative.
Read MoreThe Dow Jones index fell by 86 points or 0.2%. The S&P 500 index lost 0.5% and the Nasdaq index shed 180 points or 1.2%.
Read MoreAs expected, steelmaker BlueScope has smashed its second half and June 30 full year earnings guidance thanks to the global boom in demand for steel – especially in the US.
Read MoreNervous investors drove Chinese and Hong Kong stock markets to slump sharply for yet another day on Tuesday led by a third straight session of heavy selling in the country’s internet giants.
Read MorePIMCO takes us on an in-depth look into what the next decade holds for the automotive industry’s transition from internal combustion engine (ICE) to electric vehicles (EVs).
Read MoreShares in online homewares retailer Temple & Webster jumped more than 10% at one stage yesterday after the company revealed it has made a strong start to the 2021-22 financial year.
Read MoreAfter the ASX 300 AREIT index crashed 20.7% in 2020, much of the last calendar year was spent discussing whether AREITs had a future at all. 2021 has answered that unequivocally.
Read MoreIt won’t be a case of ‘rate rise looms’ if the forecast surge in the Consumer Price Index for the June quarter and 2020-21 financial year happens in today’s ABS data release.
Read MoreOZ Minerals is heading for record earnings for the six months to June after net revenue jumped 71% to $986 million on the back of higher gold production and copper output.
Read MoreIt was a gold medal performance for the ASX 200 as it hit new record highs. Heavyweights like financials and materials were supportive of the broader market mood while technology and health stocks lagged.
Read MoreASX200 up 20 points (+0.3%) to 7414. BlueScope (+2.6%); cracking result. Said 2H earnings beat guidance as all segments delivered better results than FY20. Highest profit in 19 years.
Read MoreTakeover target (according to rival Santos) Oil Search saw a 21.5% jump in June quarter revenues despite a production dip in the three months.
Read MoreShares in the electric car and battery maker jumped more than 2% in after-hours trading after it topped market forecasts for second quarter revenue and earnings.
Read MoreChinese shares slumped to 2021 lows on Monday as investor worries over the government regulations slammed education and property shares and flowed over into the oil refining sector.
Read MoreShares in Lynas Rare Earths hit a near 9-year high as its promising future took a more defined shape and revenue for the year to June 30 surged to record levels.
Read MoreFor the second year in a row, Covid has forced GPT, the big CBD property and shopping mall owner and investor, to withdraw its full year earnings guidance and distribution forecast.
Read MoreEven though its board is yet to approve the multi-billion dollar project, BHP seems to be pushing hard towards a greenlight for the first stage of its Jansen potash mining project in Canada.
Read MoreAnton Tagliaferro from Investors Mutual explains what the recent jump in corporate activity means for his firm’s portfolios and how IML is well-placed to benefit from these trends.
Read MoreGovernments like a bit of inflation. Central banks think they can achieve it. It’s the rest of us who will have to deal with the consequences if they can’t, argues Fidelity’s Tom Stevenson.
Read MoreThe Australian sharemarket gave back this morning’s gains with the ASX 200 finishing completely flat. Keep in mind that the market hit an all-time high this morning and has improved for two straight weeks.
Read MoreSince the U.S. presidential election on 3 November 2020, the S&P 500 has staged the best performance for a new president since Franklin D. Roosevelt. BetaShares’ Jeremy Benson has a look why.
Read MoreCatch up on the full webinar with presentations from Calima Energy (ASX: CE1), PayGroup (ASX: PYG), Elementos (ASX: ELT), Cirralto (ASX: CRO) & Total Brain (ASX: TTB)
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