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The deepening split between A2 Milk (ASX:A2M) and Synlait, its key infant formula supplier, wiped tens of millions of dollars off the market value of both companies on Monday when Synlait escalated the argument. This came after A2 Milk revealed it had started the process to end a key exclusive supply deal. Shares in Synlait […]

US stocks have closed near the flat line Monday as investors geared up for the Federal Reserve’s meeting scheduled for later in the week. The S&P 500 inched higher by 0.07 per cent to 4,453.53, while the Nasdaq Composite added 0.01 per cent to finish at 13,710.24. The Dow Jones Industrial Average advanced 6.06 points,

On Monday, a widespread sell-off, primarily driven by the technology sector, dragged down the overall share market. At the closing bell, the S&P/ASX 200 was 0.67 per cent lower at 7,230.40. The ASX tech sector experienced its worst single-day performance of the month, plummeting by 2.7%. In fact, all 11 ASX sectors ended the day

The S&P/ASX 200 is trading 0.58 per cent lower at 7,237.00. Futures The SPI futures are down 50 points. Best and worst performers All sectors are in the red. The sector with the fewest losses is Utilities, down 0.17 per cent. The worst-performing sector is Information Technology, down 2.46 per cent. The best-performing large cap

Costa Group’s private equity pursuer, Paine Schwartz Partners, has now tabled a ‘non-binding’ offer of $3.20 per share for Australia’s leading fruit and vegetable supplier. Paine Schwartz Partners (PSP) expressed their interest on July 4, and since then, Costa has been in discussions with the American buyout firm to finalise due diligence. The suggested $3.20

Hot on the heels of a very solid 2022-23 result in late August, West African gold miner Perseus (ASX:PRU) has revealed a significant upgrade to the life of one of its key operations, Yaoure in Cote d’Ivoire. Perseus announced at the annual Denver gold forum in the US that it had extended the operational life

Sunstone Metals (ASX:STM) announced that further high-grade gold-silver assays from their Limon project have been identified. These results continue to show the presence of structurally controlled high-grade gold-silver mineralisation extending from surface to a greater than 300m depth. In response, Managing Director Malcolm Norris, “the higher-grade central shoot is being defined with increasing confidence and

At noon, every one of the 11 sectors on the ASX is showing losses, with the technology stocks exerting the most significant downward pressure on the benchmark. At noon, the S&P/ASX 200 is 0.76 per cent lower at 7,224.00. The SPI futures are pointing to a fall of 62 points. Best and worst performers All