September 11, 2024

Rightmove, the UK property listings group, has rejected REA Group’s (ASX:REA) £5.6 billion ($A11.02 billion) cash and share offer. REA shares were down nearly 3% after its statement to the ASX on Wednesday, which revealed the terms of the bid and its rejection (or rather, dismissal). In its statement, REA Group disclosed that it had […]

Twiggy Forrest’s privately-owned Wyloo Metals group will get its first taste of a major producing mine and high-quality prospect in Greatland Gold’s anticipated acquisition of the Telfer gold-copper mine in WA, as well as the nearby Havieron prospect, from Newmont for more than A$700 million. Wyloo is Greatland’s largest shareholder and announced on Wednesday that

Volkswagen (VW) is preparing for a massive conflict with its unions after scrapping a series of agreements on Tuesday, less than a week after the company revealed it was considering closing at least two plants in Germany and laying off tens of thousands of workers. The driver of this hardline approach is the drop in

The Chinese car industry is still struggling, even though sales of EVs remain solid, and giants like BYD have upgraded their 2024 sales and production estimates. August marked the second consecutive month of a 5% fall in vehicle sales compared to the same period last year. Data from the China Association of Automobile Manufacturers (CAA)

NextDC (ASX:NXT) was caught in a rush by investors eager to participate in its surprise $550 million equity issue to major shareholders on Tuesday night. However, by the close on Wednesday, there were signs the market wasn’t as enthusiastic as it had seemed earlier. The data centre group informed the ASX on Wednesday morning that

Lenders to Star Entertainment (ASX:SGR) have reportedly offered an additional $150 million to help the struggling casino group survive a cash crunch caused by cost blowouts at its new Brisbane casino and the ongoing weakness in patronage at its gambling operations in Sydney, Brisbane, and the Gold Coast. Media reports last night stated that the

CATL’s decision to suspend lithium production in Jiangxi has sent shares of major lithium producers soaring, following a prolonged price slump caused by overcapacity in the sector. In a research note released today, UBS analyst Sky Han and his team confirmed that CATL has decided to halt operations at its Jiangxi lithium facility. “This isn’t

Nicholas Chaplin, Director & Portfolio Manager of Seed Funds Management, critiques APRA’s proposal to phase out Additional Tier 1 (AT1) bonds, suggesting it could undermine the stability of Australian banks and leave retail investors exposed.  Topics discussed include:APRA’s proposalCurrent issues with AT1 instrumentsThe Australian contextTransition timelineImpact on banks, large and smallImpact on banking stabilityImpact on

US stocks rallied on Wednesday after a volatile session, as investors analysed the latest US inflation data and its potential impact on Federal Reserve policy. The S&P 500 rose 1.07 per cent to close at 5,554.13. It was the first time since October 2022 that the broad index had dropped more than 1 per cent

Linius Technologies Limited (ASX:LNU) CEO James Brennan discusses the company’s recent capital raise, partnerships with Prime Focus, Magnify and Avid, and the launch of Captivate, a platform that enables broadcasters to offer personalised video content and compete with social media giants like TikTok and YouTube. Paul Sanger: I’m Paul Sanger for the Finance News Network,