September 25, 2024

Now it’s down to talks with Myer (ASX:MYR) as Solomon Lew’s Premier Investments goes cold on its demerger idea of spinning off its successful Smiggle and Peter Alexander chains. The demerger idea—raised earlier this year in March (but rumoured before then)—has been “benched,” as the Financial Review put it, in favour of trying to do […]

A major embarrassment for Macquarie Group (ASX:MQG) and its Macquarie Bank came from a significant reprimand by markets regulator, ASIC. On Wednesday morning, ASIC announced that Macquarie Bank had been fined $4.995 million for failing to prevent suspicious orders from being placed on the electricity futures market. The fine followed an ASIC investigation which found

To register for Friday’s webinar click here. Peppermint Innovation Ltd (ASX:PIL) has partnered with Tagum Coop to launch the Pinoy Coop Mobile wallet. The digital wallet allows Tagum Coop members to transfer funds from their ATM accounts to their digital wallets in real-time. Peppermint will earn transaction fees from the partnership. Shares are trading 14.29

Inflation in Australia decreased to 2.7% in August, down from 3.5% the previous month, marking the first instance since mid-2021 that consumer price data has fallen within the Reserve Bank of Australia’s (RBA) target band of 2% to 3%. This decline is largely attributed to federal government energy bill rebates, resulting in a record annual

So, which was the more logical reaction from ASX investors yesterday? As expected, the Reserve Bank didn’t cut rates and gave us the same old story – rates higher for longer while inflation remains elevated. As a result, bank stocks fell. Shares in the big four banks declined, with NAB down 3.09%, Commonwealth off 2.85%,