Perpetual (ASX:PPT) has rejected Washington H. Soul Pattinson’s (ASX:SOL) all-paper offer, which includes no cash. “The Board, together with its advisers, carefully considered the Indicative Proposal and unanimously determined that it is not in the best interests of its shareholders. Therefore, it has rejected it on the same confidential basis as it was provided to […]
Perpetual rejects Soul Pattinson’s offer Read More »
US stocks wavered on Wednesday as investors assessed data indicating falling inflation, while the jobs report loomed. The Dow Jones industrial Average lost 70.13 points, or 0.19 per cent, to close at 36,054.43. The S&P 500 shed 0.39 per cent to 4,549.34, while the Nasdaq Composite dropped 0.58 per cent to 14,146.71. Stocks cooled from
US stocks choppy as data shows drop in labour costs Read More »
Companies discussed include: BlueScope Steel (ASX:BLS)Collins Foods (ASX:CKF)Johnson & Johnson (ASX:JNJ)
Weight loss corporates, new car prices and Black Friday sales Read More »
Sigma Healthcare is expected to announce a major transaction today, which will result in a backdoor listing by the privately-owned pharmacy giant, Chemist Warehouse, on the Australian stock exchange. Sigma Healthcare shares entered a trading halt just before 1 pm as news of the anticipated deal spread through the market. Sigma shares were halted at
Chemist Warehouse to take over Sigma Healthcare in backdoor listing Read More »
Increased government spending on energy and childcare rebates, investment, and defense spending kept the Australian economy afloat in the three months to September, even though economic growth slowed to less than walking pace, growing at just 0.2%. The quarter-on-quarter growth was half the 0.4% rise in the three months to June and half the market
Government spending and defense support amid slower Australian growth Read More »
On Wednesday, the Australian sharemarket experienced its largest one-day rally in over a year, with the benchmark S&P/ASX 200 index surging 1.7% to 7178.4 points, driven by increased speculation of an interest rate cut by the Reserve Bank. This marked the largest gain since November 2022, and the market now fully anticipates an RBA rate
ASX closes 1.7% higher in its largest one-day rally in over a year Read More »
To register for Friday’s webinar click here. Latin Resources (ASX:LRS) has announced a 56% increase in the JORC resource at the Salinas Lithium Project. In response, Latin Resources Managing Director, Chris Gale, commented, “What a great effort from our exploration team. Another significant milestone met with our upgraded MRE to over 70Mt. This Project is
Stocks of the Hour: Latin Resources, Lanthanein Resources, Noble Helium Read More »
Shares in Evolution Mining (ASX:EVN) plummeted by 14% on Wednesday after trading resumed following a halt. The halt was to facilitate the company’s efforts to raise $525 million to finance the acquisition of an 80% stake in the Northparkes copper gold mine in New South Wales, Australia, from China’s CMOC. This deal will provide Evolution
Evolution Mining shares fall 14% on Northparkes purchase funding Read More »
Australia’s GDP growth in the third quarter was 0.2%, falling short of the market consensus of 0.4%, with a year-on-year expansion of 2.1%, in line with the previous quarter and exceeding forecasts. This data is crucial as the central bank aims to control inflation, keeping the cash rate unchanged at 4.35%, and global traders are
ASX up 0.84% at midday as GDP grows 0.2% Read More »
Rio Tinto (ASX:RIO) has placed a $6.2 billion price tag on its share of developing the Simandou iron ore deposit in the African country of Guinea. The iron ore, located in Guinea’s Simandou mountains, represents one of the world’s largest untapped deposits of the commodity, boasting a grade of approximately 65% Fe, similar to the
Rio Tinto sets $6.2 billion price for Simandou iron ore deposit in Guinea Read More »
