September 23, 2024

Somehow, News Corp’s 61% subsidiary, REA Group (ASX:REA), doesn’t quite understand that takeover targets are under no obligation to engage with an indicative bidder. They can simply close the door, hang up the phone, or ignore emails if they don’t wish to engage. REA’s reaction to being continuously ignored by Rightmove, its UK property listings […]

Mining giant South32 (ASX:S32) has become another Australian company to receive a renewable industry grant from the US Government. It joins the likes of Lynas Rare Earths in receiving funding from the government, either under its Inflation Reduction Act or from special funds managed by the Department of Defense or the Department of Energy. On

The S&P 500 reached a new all-time closing high on Monday, extending last week’s momentum following the Federal Reserve’s recent interest rate cut. The broad market index rose 0.28 per cent, finishing at 5,718.57, while the Dow Jones Industrial Average gained 61.29 points, or 0.15 per cent, to close at a record 42,124.65. The Nasdaq

Rob Hattersley, Group Head of Capital at MaxCap Group, provides an overview of the company, discussing the funding gap in the Australian credit market, managing risk, the tailwinds for commercial real estate debt, and opportunities within the residential and logistics property markets. Peter Milios: I’m Peter Milios from the Finance News Network, and today we

How very un-European! Italy’s UniCredit banking group has been stalking Germany’s second-largest bank, Commerzbank, and getting nowhere, with Germany Inc. starting to circle the wagons—led by the country’s biggest bank, Deutsche Bank. It was revealed on Monday that UniCredit had increased its stake in Commerzbank from about 9% to 21%, a move that could kick-start

Coles (ASX:COL) and Woolworths (ASX:WOW) shares fell by more than 3% yesterday following the ACCC’s bombshell announcement of legal action against the supermarket giants, alleging they misled customers through their discount offers. Woolworths’ shares were down 3.9% at one stage, and Coles’ shares dropped by more than 3.2%. Wesfarmers, another retail giant (owner of Bunnings

Recent stock market bids and deals seem to have made it easier for troubled Kiwi building products giant, Fletcher Building (ASX:FBU), to convince big investors to contribute to the $NZ700 million capital raising, which had the feel of an emergency round to help the company survive. The company aimed to raise $NZ282 million from investment

China’s central bank has implemented yet another minor market rate cut that will have no significant impact on the economy’s sluggish growth. The cut in a key short-term policy rate and the injection of additional liquidity into the financial system came as a surprise on Monday morning, after the bank left more prominent one- and

Immutep Limited (ASX:IMM) CEO and Executive Director Marc Voigt discusses the company’s latest results in head and neck cancer. Peter Milios: I’m Peter Milios from the Finance News Network, and today we’re talking with Immutep (ASX:IMM). Immutep is trading under the ASX code “IMM” and has a market capitalisation of approximately $487m. Immutep is a

Amplia Therapeutics (ASX:ATX) announced that its Phase 2a clinical trial, known as the ACCENT trial, is continuing enrolment for narmafotinib in the treatment of advanced pancreatic cancer. Six out of 16 patients assessed have shown confirmed partial responses (PRs). Shares are trading 14.81 per cent higher at 15.5 cents. Wellard (ASX:WLD) has secured full ownership