June 2023

Sigma Healthcare (ASX:SIG) has been awarded a supply contract with Chemist Warehouse. CEO Vikesh Ramsunder commented: “The contract allows us to leverage our highly automated distribution centres and latent spare capacity after multiple years of investment.” Shares are trading 21.26 per cent higher at 77 cents. Musgrave Minerals (ASX:MGV) is being taken over in an

The S&P 500 finished lower on Monday, erasing earlier gains that brought the benchmark index to trade at its highest level on an intraday basis in nine months.  Whilst major debt and banking fears have dissipated, what comes next hinges on the Federal Reserve’s target for bringing down inflation. Despite recent moves, worries persist over

Evolution Mining (ASX:EVN) has significantly expanded the size of the resource at the Ernest Henry gold and copper mine in North Queensland after more work on exploration in and around the mine it bought from Glencore for $1 billion in early 2022. Evolution said the Board had approved the Ernest Henry Mine Extension Project to

Contrary news in the boardrooms of of Myer (ASX:MYR) and Elders (ASX:ELD) on Monday, with one unexpectedly losing and the other surprisingly retaining its CEO . ………… Department store chain Myer (ASX:MYR) told the ASX on Monday that they would be looking for a replacement for current CEO John King, who has said he plans

Oil prices rose almost 2% on Monday after the OPEC+ group extended its production cuts of 3.16 million barrels a day to the end of next year while the Saudis have also added an extra cut of a million barrels a day to the size of the reduction. The move by the Saudis to drive

At the closing bell, the S&P/ASX 200 was 1.00 per cent higher at 7,216.30. The increase was driven by the mining and consumer discretionary sectors, which offset losses in the tech stocks. The major mining companies experienced gains due to higher iron ore prices. Fortescue (ASX:FMG) rose 3.6% to $20.40, BHP (ASX:BHP) increased by 1.7%

In the March quarter, Australia’s inventories increased by 1.2 per cent compared to the previous quarter, surpassing Bloomberg’s predicted 0.3 per cent growth. On the other hand, company profits only rose by 0.3 per cent, falling short of the expected 2 per cent increase. Iron ore prices surged on Monday as market participants anticipated potential