Westpac Changes Mind on NZ Exit
Westpac has done an about-face and is to retain ownership of its NZ banking operations, believing a demerger of the WNZL business would not be in the best interests of shareholders.
Read MoreWestpac has done an about-face and is to retain ownership of its NZ banking operations, believing a demerger of the WNZL business would not be in the best interests of shareholders.
Read MoreRussell Investments’ Alexander Cousley runs us through the state of US-China relations as they currently stand and how the change of president may affect things from here.
Read MoreFrom residential dwellings to offices and data centres, Stephen Hayes from First Sentier Investors shares his view on the trajectory for property in a post-COVID world.
Read MoreThe Australian sharemarket fell by 0.32% on Thursday, sliding for a second day and keeping the ASX 200 on track to snap a five-week winning streak.
Read MoreWoolies shares fell by around 11% on the first trading day without the Endeavour Group drinks business, after earlier being down 15%
Read MoreToll road giant Transurban has revealed a final distribution of 21.5 cents a security for the six months to June 30, up sharply from the two immediately preceding it.
Read MoreASX200 down 28 points (0.4%) to 7269. Splitit (+0.5%); has partnered with US healthcare payment platform, Green Feather.
Read MoreCopper has bounced back strongly from last week’s slide and shaken off news of the first sale of the metal by China from its strategic reserves, rising on each of the three trading days this week.
Read MoreThe Dow Jones index fell by 71 points or 0.2%. The S&P 500 index lost 0.1%. But the Nasdaq index rose by 18.5 points or 0.1% to a record high.
Read MoreAustralian Foundation Investment Company (AFIC) Managing Director Mark Freeman explains why AFIC has held some stocks for 90 years and how it benefits investors.
Read MoreAustralia’s record-breaking trade run continues with data from the Australian Bureau of Statistics revealing an all-time high surplus on merchandise trade of $13.3 billion in May.
Read MoreStruggling fruit and vegetables grower and marketer Costa Group has gone on the front foot with a proposed deal worth nearly $200 million to lift its stake in the Australian citrus sector.
Read MoreMore signs of recovery in the property sector from sector leaders Stockland and Dexus, with both companies confirming previous guidance on earnings and dividend payouts.
Read MoreJanus Henderson’s Greg Wilensky and Michael Keough discuss the challenges in forecasting interest rates as well as the tools they use to manage risk and generate returns.
Read MoreA number of factors and circumstances have forced supermarket giant Woolworths to announce nearly $100 million in costs and impairments for the June 30 financial year.
Read MoreThe Aussie market has continued its inconsistent week with the ASX 200 easing after yesterday’s big rally. Sentiment was dented by new restrictions in greater Sydney as the COVID cluster grows. Travel stocks were among decliners.
Read MoreThomas Rice, portfolio manager for the Perpetual Global Innovation Share Fund provides his regular wrap of technology, innovation, and finance news.
Read MoreProperty developer and mall owner Stockland will meet guidance for the June half with a payout of 13.2 cents a security.
Read MoreASX200 down 39 points (0.5%) to 7303. Sky Network (+3.2%); announces long-term partnerships with NRL and New Zealand Rugby League through to the end of 2027.
Read MoreThe Dow Jones index rose by 69 points or 0.2%. The S&P 500 index gained 0.5% and the Nasdaq index climbed 112 points or 0.8%.
Read MoreTechnology dominated Wall Street trading in various ways on Tuesday, but Fed chair Jay Powell was the ‘star’ as he soothed inflation-wary investors in an appearance before US Congress.
Read MoreVocus Group’s life on the ASX has only a few days to go after shareholders approved the $3.5 billion buyout of the Dodo and iPrimus owner by Macquarie and Aware Super.
Read MoreKerry Stokes’ Seven Group has altered its $8 billion bid for Boral a little, making the $6.50 a share offer unconditional and allowing investors who accept the price to be paid in 7 days.
Read MoreShares in mining company IGO jumped nearly 10% at one stage yesterday after it told the market that its $2 billion plunge into lithium was nearing completion.
Read MoreSoul Pattinson is to buy fellow Sydney investor Milton Corporation via a scheme of arrangement merger – a move that will create a $10 billion investment group.
Read MoreSydney-based homecrafts retailer Adairs has moved to take full control of online homewares and furniture retailer Mocka, in which it had bought a 65% stake in December 2019.
Read MoreScott Kelly, Portfolio manager of the DNR Capital Australian Equities Income Portfolio, gives his thoughts on dividends, with a particular focus on payout ratios and franking.
Read MoreThe index rallied 107 pts or 1.5% to 7,342 as investors continue to digest comments from US Federal Reserve officials.
Read MoreThere were many positives generated for retailing by the pandemic. What could be short term and what could be longer-lasting impacts?
Read MoreA glance through the latest expert views and predictions about commodities: drilling; thermal coal; base metals; iron ore; and potash.
Read MoreASX200 up 93 points (1.3%) to 7328. Openpay (+10%); has acquired Payment Assist, a leading BNPL provider to the UK Automotive sector.
Read MoreMarkets in the US and Europe roared back Monday from Friday’s sell-off, setting up the ASX for a strong rebound from Monday’s over-selling.
Read MoreShoppers in Western Australia and Queensland dug a little deeper in May and kept national retail sales growth positive in the month, offsetting the expected slide in locked-down Victoria.
Read MoreCommonwealth Bank shares lost more than 5% on Monday after the company announced the sale of its general insurance business to the South African owners of the Real Insurance brand.
Read MoreYarra Capital’s Tim Toohey believes that fundamentals and data are providing strong evidence that the current resurgence in consumption will not peter out in coming months. Here’s why.
Read MoreAs humans we are hard-wired to be anxious when things are not what we expect. There’s a good reason for that. It protects us from danger. Fidelity’s Tom Stevenson with more.
Read MoreAn anti-Seven Group move or is Boral’s sale of its North American building products business merely another step towards Kerry Stokes grabbing control of the building products giant on the cheap?
Read MoreA trading update from Integrated Research was a tiny spark of green amid all the red of yesterday’s kneejerk reaction on the ASX to Wall Street’s dummy spit last Friday.
Read MoreThe Australian sharemarket slumped by 1.8%, making it the biggest tumble in a month and the worst start to a week in over a year.
Read MoreASX200 down 105 points (1.4%) to 7264. Boral (+2.2%); Westlake Chemical Corp will buy Boral’s North America building products business for $2.15bn.
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