Volt Closure Shuts the Door on Collection House
Wednesday’s closure of neobank Volt has led to shareholder Collection House going into administration on Thursday after a failed final attempt to raise fresh capital.
Read MoreWednesday’s closure of neobank Volt has led to shareholder Collection House going into administration on Thursday after a failed final attempt to raise fresh capital.
Read MoreMelissa Darmawan from Finance News Network with a round-up of the highlights from today’s ASX trading session.
Read MoreMelissa Darmawan from Finance News Network with all the news from today’s morning trading session on the ASX.
Read MoreHot on the heels of Volt, one of the remaining Australian neobanks, throwing in the towel comes more confidence-sapping bad news from the crypto universe.
Read MoreTim McGowen from Finance News Network with a look ahead to today’s ASX trading session.
Read MoreThe price of iron ore has decreased to its lowest point since last December, as concerns regarding an oversupply of the commodity in China create stress within the market.
Read MoreA third Australian neobank has been forced to close, effectively ending the idea of new competition for the existing big four banks and their smaller regional rivals in Australia.
Read MoreShares in Tyro Payments touched new all-time lows yesterday after losing CEO Robbie Cooke to the toughest job currently in Australian business: cleaning up Star casino group.
Read MoreNews that retail sales rose 0.9% in May to yet another monthly record will get the worrywarts calling for another big rate rise at the July meeting of the RBA next Tuesday.
Read MoreDisplay ads are now part of the online experience. But, as Magellan’s Michael Collins writes, they also face privacy and regulatory challenges that reduce their effectiveness.
Read MoreTarget price rises to $10.40 from $9.30. Outperform rating retained.
Read MoreThe Outperform rating and target price of $51.00 are retained.
Read MoreThe price target falls to $22.15 from $23.72. Hold.
Read MoreLauren Evans from Finance News Network with a round-up of the highlights from today’s ASX trading session.
Read MoreMelissa Darmawan from Finance News Network with all the news from today’s morning trading session on the ASX.
Read MoreBHP has emerged with a 5.5% stake in Ivanhoe Electric, the biggest copper explorer to list on Wall Street for some time.
Read MoreTim McGowen from Finance News Network with a look ahead to today’s ASX trading session.
Read MoreShares in beauty group BWX plunged yesterday after they came out of a trading halt requested last Friday as the company revealed its financial position had all but collapsed.
Read MoreIn a case of life imitating art, KFC owner Collins Foods took plenty of investor money in Tuesday’s ASX session, jumping more than 10% after a strong 2021-22 annual result.
Read MorePlatinum’s Adrian Cotiga explains how Europe’s efforts to be self-reliant in supply chains and energy are providing tailwinds and opportunities in new emerging companies.
Read MoreDespite Goldman Sachs’ gloomy forecast for lithium prices, US major Albemarle is looking to build a huge US processing plant to keep up with expected demand for the metal.
Read MoreThe board of Tasmanian-based salmon farming company Tassal Group has rejected a bid worth $1 billion because they think the offer is not in the best interests of shareholders.
Read MoreRussell Investments’ Alain Zeitouni explains why being invested in a well-diversified portfolio makes you more likely to achieve your long-term objective with limited stress.
Read MorePaul Sanger from Finance News Network with a round-up of the highlights from today’s ASX trading session.
Read MoreThe broker lowers its target price to $0.31 from $0.35 and retains its Add rating.
Read MoreThe Outperform rating is retained and the target price decreases to $24.00 from $25.80.
Read MoreThe rating is downgraded to Neutral from Outperform and the target price decreases to $4.67 from $4.70.
Read MoreMorgans applies a -10% discount to its valuation, and its target slips to $1.69 from $1.88. The Add rating is retained.
Read MoreA sense of caution dominated the decisions of many of the banks that revealed their latest capital management plans on Monday after the market had closed for the day.
Read MoreTim McGowen from Finance News Network with a look ahead to today’s ASX trading session.
Read MoreShares in gold and copper miner Evolution Mining ended a rough Monday down nearly 22% – their lowest level since the end of 2017 – after a weak market update.
Read MoreEconomies are transitioning from inflation to stagflation to economic slowdown. What does this mean for global equity markets? Randal Jenneke from T. Rowe Price with more.
Read MoreAustralia has proven to be too small a market for Carsales.com, which is looking to raise $1.2 billion from shareholders to fully acquire US listings business Trader Interactive.
Read MoreMetcash shares jumped 4% on Monday after the country’s 4th ranking supermarkets group boosted annual dividend 23% and reported a solid rise in 2021-22’s revenue and earnings.
Read MoreDespite the new royalty structures introduced in Queensland last week, coal miners with well managed operations are still likely to obtain profitability for the foreseeable future.
Read MoreOZ Minerals has blamed a combination of wet weather, staff shortages and mechanical problems at its Carapateena mine for a sharp downgrade in forecast copper production this year.
Read MoreThe Outperform rating is retained and the target price decreases to $2.50 from $3.20.
Read MoreThe broker reinitiates with a Neutral rating and a target price of $2.95.
Read MoreThe Buy rating is retained and the target rises to $7.70 from $7.55.
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