September 2024

The number of companies going public in Australia has hit its lowest point since the global financial crisis 15 years ago, with a Mexican fast-food chain standing out as the largest listing in a market once dominated by new mining and energy stocks. So far in 2024, just 12 initial public offerings (IPOs) have taken […]

Embattled casino group Star Entertainment (ASX:SGR) has secured a crucial debt package, providing the company with a much-needed lifeline. The deal follows weeks of discussions between the firm’s chief executive, its lenders, state governments, and other stakeholders. The new facilities will carry an interest rate of a hefty 13.50%, as will the existing (reduced) facility,

A long moan from News Corp, or was it REA (ASX:REA), late Wednesday about the iniquities of UK property listings group, Rightmove, telling REA (and News) to go away for the third time. Rightmove again called the offer “unattractive and materially undervaluing Rightmove.” On Monday, REA confirmed it had made a slightly improved offer for

The Federal government’s approval for the extension of three NSW coal mines will ensure around 1,800 jobs are maintained for decades to come. The news upset greens and environmentalists, with the mines’ lifespans extended to 2050 or beyond. The mines are in the Upper Hunter Valley and near Narrabri, including MACH Energy’s Mount Pleasant optimisation

The Dow Jones Industrial Average and S&P 500 both slipped on Wednesday, retreating from their recent record highs. The S&P 500 dropped 0.19 per cent to close at 5,722.26, while the Dow Jones Industrial Average fell 293.47 points, or 0.70 per cent, ending at 41,914.75. Both indexes touched fresh intraday records in early trading before

The ongoing great power competition between the United States and China has increasingly focused on technological supremacy. This extends beyond cutting-edge technologies like advanced AI, high-end chip manufacturing, and quantum computing, to include the critical supply chains that support them—especially minerals crucial for modern industries. As the global shift towards clean energy accelerates, minerals such

The monthly Consumer Price Index (CPI) indicator might have shown headline cost rises slowing to an annual rate of 2.7% in August, but as we have pointed out in the past, it is not as comprehensive a measure as the quarterly Consumer Price Index. The monthly indicator covers only about 70% of what the CPI

Companies discussed include: GQG Partners Limited (ASX:GQG)Magellan Financial Group Limited (ASX:MFG)Coles Group Limited (ASX:COL)

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