CSR is set to be absorbed by the French giant Saint-Gobain after the Foreign Investment Review Board okayed the $4.3 billion offer for the local building products group. The CSR board agreed to the $9-per-share bid from Saint-Gobain in late February, and shareholders will vote on the proposal at a scheme meeting scheduled for tomorrow […]
French Giant Saint-Gobain set to absorb CSR Read More »
Interesting how the Bapcor (ASX:BAP) share didn’t get near the $5.40 trailed by Bain and Co in one of those airy-fairy non-binding indicative, perhaps-we-might-make-a-bid deals on Tuesday, revealed after the long weekend. Bapcor shares rose nearly 14% to end at $4.97 after touching a day’s high of $5.01. The Bain proposal is too vague to
Bain’s Bid and Bapcor’s share saga Read More »
Apple has made fools of all those investors, analysts, and others who had been chiding it (and stronger) for falling behind in AI – its big launch Monday was “underwhelming,” according to most critics. By Tuesday, they were eating their words as the shares soared to a record high and restored the company to Wall
The S&P 500 and the Nasdaq Composite hit new highs as Apple shares surged on AI news. The S&P 500 added 0.27 per cent to close at a new high 5,375.32. The Nasdaq rallied 0.88 per cent to also set a new level at 17,343.55. The 30-stock Dow Jones bucked the trend to close 0.31
Apple surge pushes US markets to new highs Read More »
The sharemarket experienced a significant decline as anticipation grew for the US Federal Reserve to delay immediate rate cuts, compounded by political uncertainty stemming from far-right gains in European elections and concerns about the bloc’s future. The S&P/ASX 200 and All Ordinaries both dropped 1.3%, with materials and interest-rate-sensitive property stocks leading the sell-off, while
ASX drops 1.3%: Gold miners suffer Read More »
The recent federal budget had no positive impact on business conditions and confidence, according to the May monthly survey from the National Australia Bank. In fact, business confidence returned to a negative reading in May, while conditions continued to soften, confirming the continuation of the weak first-quarter GDP report. Business conditions fell 1 point to
National Australia Bank’s May survey Read More »
Alkane Resources (ASX:ALK) surprised on Tuesday with a downgrade of its 2023-24 gold production and cost estimates for its Tomingley mine, even though the shares failed to reflect the news with an early session rise. Alkane blamed the slow ramp-up of its Rosewell underground expansion, stating it was not “sufficiently rapid to allow the original
Alkane Resources faces gold production setback Read More »
Glen Finegan, Lead Portfolio Manager of Skerryvore, discusses the company’s bottom-up approach to investing in emerging markets, emphasising governance, pricing power, and diversification as key drivers of long-term success. Chris Gosselin: Welcome. My name’s Chris Gosselin from Australian Fund Monitors. Today I’m talking to Glen Finegan from Skerryvore, who’s all the way from Scotland. Actually,
Navigating Emerging Markets: A Conversation with Glen Finegan of Skerryvore Read More »
Bapcor (ASX:BAP) has responded to the media speculation and confirmed the receipt of a non-binding, indicative proposal from Bain Capital Private Equity, LP. Under the terms of the Indicative Proposal, Bapcor shareholders would receive $5.40 cash per share. Shares are trading 10.32 per cent higher at $4.81. Summit Minerals (ASX:SUM) has announced high grade assay
Stocks of the Hour: Bapcor, Summit Minerals, DY6 Metals Read More »
At 11:30am, the S&P/ASX 200 is 1.27 per cent lower at 7,760.30, mirroring losses in Europe due to better-than-expected performance by far-right parties in weekend elections, and in anticipation of the US Federal Reserve’s resistance to immediate rate cuts. The SPI futures are pointing to a fall of 69 points. Best and worst performers All sectors
ASX down 1.27% near noon following losses in Europe Read More »
