Soul Patts Hits Record High Despite Mixed Results
Shares in Sydney-based investment group Washington H Soul Pattinson hit a new all-time high yesterday despite reporting mixed results from its stable of companies in the latest half year.
Read MoreShares in Sydney-based investment group Washington H Soul Pattinson hit a new all-time high yesterday despite reporting mixed results from its stable of companies in the latest half year.
Read MoreThe Aussie market managed to lift with a late spike pushing the ASX 200 11pts or 0.17% higher. The local market lacked much conviction in its moves as financials, & IT weighed while health and consumer discretionary outperformed.
Read MoreControl of Australia’s second stock exchange is changing hands with one of the biggest exchanges in the world, Cboe, buying the Australian and Japanese markets run by Chi-X.
Read MoreThe Aussie market is lifting from a flat start with the ASX 200 rising on strength from financials & healthcare in particular. Energy names are rebounding on a 6% rise in oil prices while technology lags.
Read MoreEuro Manganese (ASX: EMN) has announced a private placement to accelerate its high-purity manganese development program.
Read MoreInvestors responded to the positive testimony by the US Federal Reserve chair Jerome Powell and Treasury Secretary Janet Yellen to the Senate Banking Committee. But while financials, industrials and energy rose, technology shares eased.
Read MoreThe start of work on the Barossa LNG project off northern Australia has moved a step closer with Santos revealing that it has awarded the project’s single largest and most important contract.
Read MoreElfreda Jonker from Alphinity Investment Management reflects on the key themes from the latest reporting season and the standout results for Alphinity’s portfolios.
Read MoreFebruary was a record month for Australia’s trade account, with the $8.1 billion figure marking the first time the country has seen three months in a row of $8 billion-plus goods surpluses.
Read MorePremier Investments will not hand back the nearly $20 million it received in JobKeeper payments during the first half of its 2020-21 financial year despite nearly doubling its profits.
Read MoreWestpac is reportedly looking at quitting New Zealand and retreating to its Australian core, telling the ASX yesterday afternoon that it had appointed Macquarie to explore the sale of the NZ business.
Read MoreShareholders in Computershare will be asked to pay most of the $US750 million ($A970 million) cost of buying Wells Fargo’s Corporate Trust Services (CTS) in the US.
Read MoreA speculative mania has touched many parts of the market. Platinum Asset Management’s Troy Augustus explains what’s driving the mania and how Platinum manages risk in speculative market environments.
Read MoreThe Australian sharemarket edged higher by 0.5% on Wednesday, with most sectors finishing higher. Around $5bn in dividends were distributed by a handful of companies while energy stocks fell heavily as oil prices declined overnight.
Read MoreThe Australian sharemarket is lifting despite a weak lead from Wall Street and a 6% tumble in oil overnight. Losses from energy stocks, miners and travel firms are being offset by gains across most sectors.
Read MoreASX200 up 21 points (0.3%) to 6766. Santos (-1%); said it has cut around US$1bn off the cost of developing the Barossa natural-gas project by awarding a contract for a floating production, storage and offloading vessel to BW Offshore.
Read MoreBeach Energy has found gas in its Artisan exploration well although other fields supplying Victoria’s Otway plant are considered more promising.
Read MoreUS sharemarkets were dragged lower by falls in financials and energy sectors. Oil fell 6% on worries about extended lockdowns in Europe. The Dow Jones index fell by 308 points or 0.9%. The S&P 500 index lost 0.8%.
Read MorePhil Strano, Portfolio Manager of the Yarra Absolute Credit Fund, explains the recent significant outperformance of Industrials, looks at current valuations and details why he’s a happy holder of Triple B corporate securities.
Read MoreThe numbers of claims from the heavy rain and floods in NSW and southern Queensland has more than doubled in a day as conditions in and around Sydney and the north coast eased.
Read MoreTrouble abounds for a number of NSW’s major coal players thanks to COVID-related price action, questionable behaviour on the part of former executives, and good old Mother Nature.
Read MoreSigma Healthcare has reported a $59 million net profit after tax for the year to January, much better than the $12.3 million loss for 2019-20.
Read MoreShould commodity markets continue to move up and central banks realise their objective of higher inflation, a trend-following strategy that takes positions in all asset classes may be worth consideration.
Read MoreNZ-based outdoors retailer Kathmandu has returned to paying dividends after reporting higher sales and profits in the first half.
Read MoreThe Australian sharemarket failed to hang onto this morning’s gains, with the ASX 200 closing 0.1% lower on Tuesday. BHP snapped a six-day losing streak and paid investors a record dividend, while Airtasker rose 61.5% on its first day of trade.
Read MoreBell Potter analyst Hayden Nicholson updates developments in the LIC market. This week: ALF suspended.
Read MoreThe Australian sharemarket is lifting for a second day and has recouped all of last week’s declines. Kathmandu (KMD), Sigma Healthcare (SIG) and New Hope (NHC) are up following the release of earnings.
Read MoreThe Dow Jones index closed higher by 103 points or 0.3%. The S&P 500 index gained 0.7%. And the Nasdaq index climbed by 162 points or 1.2%.
Read MoreThe 2021 boom in iron ore has been popped with the price of the most popular type – 62% Fe fines – dropping into negative territory for the first time this year on Monday.
Read MoreFreedom Foods’ recovery faces a bigger hurdle after the shares plunged more than 80% as a nine-month trading suspension ended on Monday.
Read MoreCrown shares jumped 21% yesterday as investors punted on a second takeover offer or a higher price from Blackstone, the US private equity company which has announced a bid for the company.
Read MoreThe Insurance Council of Australia has declared an insurance catastrophe after more than 5,000 claims were lodged following extreme rain and flooding across Sydney and much of coastal NSW.
Read MoreThe European Union’s big-spending commitment to developing a secure battery supply chain in support of its decarbonisation targets is speeding up.
Read MoreFidelity International Investment Director Tom Stevenson tackles the age-old question we’d all dearly like to know the answer to: Can you have it all?
Read MoreAutobarn owner Bapcor has picked up a 25% stake in Singapore auto parts group Tye Soon for around $12 million – putting a value on the new associate of $50 million.
Read MoreThe end of Telstra as we know it as the company confirmed yesterday the shape of the previously announced plan that would see it splitting itself into four component parts.
Read MoreThere appears to be little to no correlation between various infrastructure assets and inflation over the past 30 years. Shane Hurst from ClearBridge Investments explains why.
Read MoreAn oversupply of electricity looms, putting pressure on wholesale power prices. Could separating Loy Yang A be the panacea for AGL Energy?
Read MoreThe Aussie market has started the week on a high with its first improvement in four sessions. Crown Resorts led a broad rally while miners & insurers were weaker. Storms and floods on the east coast have seen large claim numbers for the likes of IAG and Suncorp.
Read MoreThe Aussie market is trading higher for the first time since last Tuesday with the ASX 200 lifting on the back of a big rise in Crown resorts. The casino operator has received takeover offer from US investment group Blackstone.
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