ACCC Does 180, Clears Woolies’ PFD Bid
Woolworths will be allowed to buy control of food services company PFD after all, with the ACCC reversing an earlier preliminary ruling that the deal could lessen competition.
Read MoreWoolworths will be allowed to buy control of food services company PFD after all, with the ACCC reversing an earlier preliminary ruling that the deal could lessen competition.
Read MoreKellie Wood, Fixed Income Portfolio Manager at Schroders, gives her thoughts on inflation over the rest of 2021 and how her firm is positioning their portfolios in response.
Read MoreA boomer of a June half for Globe International, the Melbourne-based designer, producer and distributor of board sports, street fashion, outdoor and workwear clothing and products.
Read MoreBoral shares sagged a little yesterday after it told its shareholders to reject the $8 billion, $6.50 per share off-market takeover bid from Kerry Stokes’ Seven Group Holdings.
Read MoreThe Aussie market managed a moderate improvement on Thursday with investors awaiting key US inflation data to be released tonight. The ASX 200 still finished on a record closing high of 7,302.5.
Read MoreWhile freight costs/delays, lockdowns and consumer behaviour continue to shadow progress, brokers are looking beyond the short-term pain to a continuation of TRS’s turnaround story beyond 2022
Read MoreThe US Food and Drug Administration’s approval of a new treatment for Alzheimer’s disease suggests a sea change in the regulator’s attitude to green-lighting novel drugs for difficult-to-treat illnesses.
Read MoreASX200 up 25 points (0.3%) to 7295. ANZ (-0.2%); has said they see rates @ 0.5% by the end of 2023. Newcrest (+0.4%); several new high grade deposits have been found at its Havieron Deposit.
Read MoreShell has thrown down the gauntlet to all who predicted the company’s loss in a Dutch court last month on its pace of emission reduction would not matter and would be overturned on appeal.
Read MoreAt the close of trade, the Dow was lower by 153 points or 0.4%. The S&P 500 index fell by 0.2%. And the Nasdaq index was lower by 13 points or 0.1%.
Read MoreRex revealed on Wednesday that Victoria’s COVID-19 outbreak, which forced it to cancel dozens of flights in and out of Melbourne, has ended its hopes of breaking even this financial year.
Read MoreChristian Guerra, Head of Research at First Sentier Investors, looks at the developing macroeconomic conditions and what this means for the banks – and dividends.
Read MorePaul O’Connor, Head of the Multi Asset Team with Janus Henderson, considers the prospects for markets as the global recovery gathers momentum and economies reopen.
Read MoreNo sign of an ‘inflation scare’ from Chinese consumer price movements, as inflation data for May yesterday revealed prices grew 1.3% year on year compared to forecasts of 1.6%.
Read MoreContrasting market reactions to similar proposals from two companies that up to February last year were one, as Cardno and Intega issued similar statements about ownership reviews.
Read MoreDexus is continuing its recent hectic pace of deals and bids in the property sector as it builds diversity into its portfolio and away from CBD office buildings.
Read MoreThe Australian sharemarket fell by 0.31% on Wednesday after hitting another record high this morning. While some mining stocks rose, most sectors finished lower.
Read MoreAn upbeat update from Brickworks on Wednesday which told the ASX that it now expects record-high earnings from its property assets in 2020-21, although sustainability remains uncertain.
Read MoreASX200 up 34 points (0.5%) to 7326. Afterpay (+1.8%); is shrugging off a US class action against them by labelling it “without merit”.
Read MoreThe US Energy Information Agency said in its June report on Tuesday that it sees more production in 2022 – a situation that could pressure prices.
Read MoreAt the close of trade, the Dow was lower by 30 points or 0.1%. The S&P 500 index was flat. But the Nasdaq index was up by 43 points or 0.3%.
Read MoreAnother bit of corporate action in the listed tech sector – the third in two days – with NBN provider Superloop bidding to buy Australia’s largest independent internet service provider Exetel.
Read MoreAfter putting off his retirement to give the company continuity through the lockdowns and other disruptions last year, Ansell CEO Magnus Nicolin will finally step down on September 1.
Read MoreIs a watershed reengineering of money underway? Magellan Asset Management Investment Specialist Michael Collins shares his thoughts on the subject.
Read MoreNational Storage gave the real estate investment trust (REIT) sector a boost yesterday after going into a trading halt to allow it to raise $325 million from shareholders and investors.
Read MoreThe May survey of business conditions and confidence from the NAB has confirmed the strength of the economic rebound is continuing well into the second quarter of 2021.
Read MoreChina’s continuing ban on Australian coal seems to have missed rail freight company Aurizon, which yesterday reaffirmed its full-year earnings guidance at its investor day in Newcastle.
Read MoreThe ASX 200 has managed to etch out a small gain of 10pts or 0.15% to close at 7,292. The index hit another all-time high earlier in the session but was hampered by losses for several banks and the big miners.
Read MoreAustralian producers are well placed to contribute to lithium supply needed to feed unprecedented demand for electric vehicles over the coming decade.
Read MoreASX200 up 20 points (0.3%) to 7302. National Aust Bank (+0.7%); Westpac (+0.3%); ratings agency Standard & Poor’s has revised NAB’s outlook from “negative” to “stable”.
Read MoreAt the close of trade, the Dow was lower by 126 points or 0.4%. The S&P 500 index fell by 0.1%. But the Nasdaq index was up by 67 points or 0.5%.
Read MoreThe numbers told a boom-like story, but further data suggests that the strength of the current Chinese economic rebound is not as sound as previously believed.
Read MoreIt was a very busy Monday for AUSTRAC, the country’s main financial intelligence group, which has launched separate investigations into four ASX-listed companies.
Read MoreThe local tech sector came alive Monday, with a $5bn move on Altium from American giant Autodesk and a $1.3bn offer from local private equity group BBGH Capital for Hansen Technologies.
Read MoreEvery 15 to 20 years, a new generation is defined. Generations are identifiable by their music, fashion, and events that happened during the generation’s formative years.
Read MoreGAM Investments’ Mark Hawtin believes the semiconductor sector is not fully understood by the market and explains his view that the area can no longer be viewed as a homogenous group.
Read MoreAn about-face by ratings agency S&P, who yesterday pulled back from previous concerns about the Australian economy and instead restored the country’s AAA stable classification.
Read MoreThe Aussie market enjoyed early gains to hit another record intraday high, before fading to finish the day lower by 13 points or 0.2% at 7,282.
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 MoreASX200 down 6 points to 7289. Clinuvel (-0.5%); its drug afamelanotide has been administered to a first patient diagnosed with an acute arterial ischaemic stroke (AIS) enrolled in a world’s first clinical trial.
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