September 25, 2023

Australia’s Climate Change Minister Chris Bowen has been crystal clear on his views of nuclear energy. His latest label; uttered multiple times on the ABC programme QandA earlier this week (and reinforced or at least repeated on the same programme by Allegra Spender) is that nuclear is “a distraction.” A distraction. Actually, according to Mr […]

The S&P/ASX 200 is trading 0.18 per cent lower at 7,056.20. Futures The SPI futures are down 8 points. Best and worst performers The best-performing sector is Information Technology, up 1.04 per cent. The worst-performing sector is Materials, down 0.96 per cent. The best-performing large cap is Whitehaven Coal (ASX:WHC), trading 3.26 per cent higher

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events. Investment markets and key developments over the past week Global share markets mostly fell over the last week as “higher for longer” interest

Kiwi dairy group Synlait (ASX:SM1), currently embroiled in a contentious disagreement with shareholder and customer A2 Milk, has surprised observers by reporting a more significant annual loss for the year ending July 31 than even its pessimistic forecast five months ago had predicted. On Monday, Synlait Milk disclosed an annual loss, attributing it to “an

In a rare move, the board of Costa Group (ASX:CGC), Australia’s major fruit and vegetable supplier, has accepted a lower bid from its US private equity suitor. The acceptance was unusual because Paine Schwartz Partners (PSP) reduced its initial proposed price from $3.50 to $3.20 per share after conducting due diligence. Typically, prices tend to

King Canute, a legendary English monarch, once attempted to halt the relentless sea, illustrating the futility of opposing unstoppable forces. Similarly, the surge in EV sales, especially battery-powered types, defies attempts to slow it down. Recent events worldwide reflect this Canute-like behavior:The European Commission’s efforts to curb the influx of efficient, low-cost EV imports from

Global lithium leader, Allkem (ASX:AKE) has made several announcements today, however we will focus on the one made regarding their James Bay Lithium Project. The updated Feasibility Study confirms a robust, high-value hard rock lithium operation utilising renewable hydropower, in which there was a ~108% increase in pre-tax Net Present Value (“NPV”) to US$2.9 billion.

Oil prices increased for a second consecutive day, driven by hedge funds’ growing confidence in tightening oil supplies, potentially resuming the rally, with WTI futures briefly surpassing $90 a barrel; this rise was fueled by increased bullish positions, while OPEC stability and signs of physical market tightness contributed to the surge. At noon, the S&P/ASX