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Shareholders in Lithium Power International (ASX:LPI) will know by Monday whether the company has secured its expected deal with the Chilean state-owned copper giant, Codelco. LPI informed the ASX on Thursday, in a trading halt request announcement, that news of a possible deal with Codelco could be revealed before Monday. Analysts anticipate that LPI shareholders […]

LBT Innovations (ASX:LBT) announced a $4.5m partially underwritten renounceable Entitlement Offer on a 4 for 1 basis. In response, LBT Chair, Ms Rebecca Wilson said, “Pleasingly we have secured underwriting commitments, including participation from eligible Board members, that demonstrates confidence in our commercial strategy and provides comfort to shareholders about the rights issue outcome.” Shares

Oil prices fell as US crude stockpiles increased significantly by 10.2 million barrels, the largest rise since February, and demand for gasoline remained low, pushing gasoline futures to their lowest level since December 2022. Despite these factors, the market remained watchful of geopolitical risks in Israel and Gaza, and oil also faced pressure from a

High-interest rates, rising mortgage costs, and inflation have combined to take a significant toll on the gaming market, foreshadowing weak racing seasons in Sydney and Melbourne over the next month. This comes after Tabcorp (ASX:TAH) surprised investors with a rare trading update that revealed a decline in revenues across its divisions during the first three

In the year leading up to June, Qantas (ASX:QAN), Virgin, and Air New Zealand (ASX:AIZ) all enjoyed a boom, with soaring business, revenues, and earnings as international and domestic travel rebounded. However, the surge in oil and fuel prices has since dimmed their 2022-23 performance. Qantas, in its first-quarter update, issued a cautionary note about

Exxon Mobil’s monumental $US59.5 billion ($93 billion) acquisition of Pioneer Natural Resources, marking the largest energy deal in the United States in decades, is poised to herald a new era of transformative takeovers within the industry. The shale sector is currently abuzz with consolidation discussions, as well-heeled oil companies vie for prime drilling portfolios in

Fortescue Metals Group (ASX:FMG) is sticking to its sales guidance for the year ending next June, even though it witnessed a 3% decline in shipments during the three months leading up to September. Additionally, the company anticipates a reduced contribution from its troubled Iron Bridge magnetite mine in the upcoming year. The company disclosed this

Sky Television, a New Zealand pay TV group, has announced that it recently received a takeover offer; however, the company did not disclose the bidder’s identity or the offer’s price. The pay-TV firm has suspended its share buy-back program in response to the offer, indicating that discussions with the potential buyer are still in the

Australia’s major banks have successfully navigated the latest stress test conducted by the Australian Prudential Regulatory Authority (APRA). Based on the parameters set by APRA, this test was exceptionally stringent, bordering on the unbelievable. Nevertheless, APRA has confirmed that all tested banks have emerged unscathed from the hypothetical economic and financial downturn. APRA’s stress test