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In a rare move, the board of Costa Group (ASX:CGC), Australia’s major fruit and vegetable supplier, has accepted a lower bid from its US private equity suitor. The acceptance was unusual because Paine Schwartz Partners (PSP) reduced its initial proposed price from $3.50 to $3.20 per share after conducting due diligence. Typically, prices tend to […]

King Canute, a legendary English monarch, once attempted to halt the relentless sea, illustrating the futility of opposing unstoppable forces. Similarly, the surge in EV sales, especially battery-powered types, defies attempts to slow it down. Recent events worldwide reflect this Canute-like behavior:The European Commission’s efforts to curb the influx of efficient, low-cost EV imports from

25 Sep 2023 – A snapshot of the stocks on the move, featuring Allkem (ASX:AKE), ENRG Elements (ASX:EEL) and Redflow (ASX:RFX) .

Global lithium leader, Allkem (ASX:AKE) has made several announcements today, however we will focus on the one made regarding their James Bay Lithium Project. The updated Feasibility Study confirms a robust, high-value hard rock lithium operation utilising renewable hydropower, in which there was a ~108% increase in pre-tax Net Present Value (“NPV”) to US$2.9 billion.

Oil prices increased for a second consecutive day, driven by hedge funds’ growing confidence in tightening oil supplies, potentially resuming the rally, with WTI futures briefly surpassing $90 a barrel; this rise was fueled by increased bullish positions, while OPEC stability and signs of physical market tightness contributed to the surge. At noon, the S&P/ASX

25 Sep 2023 – US stocks retreated on Friday, concluding what has been a tough week for the market. The Dow Jones Industrial Average fell 0.31%. The S&P 500 shed 0.23%. The Nasdaq Composite slipped 0.09%.

US stocks retreated on Friday, concluding what has been a tough week for the market. The Dow Jones Industrial Average slid 106.58 points, or 0.31 per cent, to close at 33,963.84. The S&P 500 shed 0.23 per cent to 4,320.06. The Nasdaq Composite slipped 0.09 per cent to 13,211.81. Ford ended Friday up 1.9 per

London-listed Greatland Gold is leaving no stone unturned to secure its position at the forefront as Newmont considers its assets post-acquisition of Newcrest. Assisting Greatland in maintaining its position is Twiggy Forrest’s Wyloo Metals, a private renewable metals investment company. Wyloo has recently strengthened its hold on a potentially significant opportunity by entering into a

August set the tone with a dip into the red, but September has witnessed some of the biggest daily falls in the last 10 months. With a week left to go, the losses have been significant. Last week, in fact, marked the worst trading week for the market in six weeks, leaving them down since