June 6, 2023

CEOs are in the news – Monday saw Myer boss, John King signal his departure in late 2024 but Elders CEO, Mark Allison decided to stay for a couple more years instead of retiring this November. That took around $2.5 million more in salary, bonuses and performance share rights. On Tuesday it was the turn […]

The S&P 500 advanced modestly on Tuesday to its highest close since 2023 began as Wall Street digested a recent rally that led the broad index to its highest level in nine months. The S&P 500 added 0.24 per cent, trading near a nine-month high, to finish at 4,283.85 — also the highest close dating

Australia’s Reserve Bank lifted the cash rate to an 11-year high of 4.1% at its June policy meeting on Tuesday and warned further rises might be needed if inflation didn’t start falling convincingly. The outcome of Tuesday’s policy meeting was not expected but neither was it a foregone conclusion. Futures markets had forecast a 68%

A big day for the ASX Ltd (ASX:ASX) , the company that controls the country’s main stock and futures markets. A newish CEO, board changes, a log of projects dropped (at a multi-million-dollar cost), new profit and dividend targets, a first ever bond raising, and a promise to give the market an improved, working trading

Gold miner Westgold Resources (ASX:WGX) has announced a $177 million all-paper takeover offer for tiddler Musgrave Minerals (ASX:MGV) in a deal launched with a touch of controversy, but with the aim of uniting two miners operating in the Cue area of the WA goldfields. Like the battle for control of between Silver Lake and Genesis

Synlait Milk (ASX:SM1), a2 Milk Company’s (ASX:A2M) Kiwi manufacturing partner, has had some good news – Chinese regulators have approved a2’s China label baby formula. Synlait told the ASX and NZX on Tuesday that China’s State Administration for Market Regulation (SAMR) had given its approval for a2 Milk’s formula stages 1, 2 and 3, which

At the closing bell, the S&P/ASX 200 was 1.2 per cent lower at 7,144.50, after the Reserve Bank’s decision to lift the cash rate by 0.25 per cent. Ten out of the 11 sectors were in the red at market close, with consumer discretionary and financials recording losses over 1 per cent. Wesfarmers (ASX:WES) shares

At noon, the S&P/ASX 200 is 0.7 per cent lower at 7,165.50 as traders await the Reserve Bank of Australia’s interest rate decision at 2.30pm. Consumer discretionary, staples, and financials sectors reported losses. Wesfarmers (ASX:WES) shares have fallen 1.2 per cent. Harvey Norman (ASX:HVN) have dropped 2.5 per cent. Baby Bunting (ASX:BBN) have tumbled 20.5