Ramelius Resources (ASX:RMS) has swooped in and snatched Musgrave Minerals (ASX:MGV) after the latter rejected an all-paper offer from Westgold. Ramelius and Musgrave moved quickly to finalise their deal (and prevent Westgold from considering a new offer) by entering into a bid implementation agreement (BIA). Westgold ruled out a new bid with a statement on […]
Ramelius swoops in on Musgrave Minerals Read More »
In a display of power ahead of economic talks between China and the US, Beijing has imposed export restrictions on two minerals that are crucial for the production of semiconductors, missile systems, and solar cells. The minerals in question, gallium and germanium, along with several related materials, will be subject to unspecified export controls starting
China implements export restrictions on key minerals Read More »
CSR Limited (ASX:CSR), a leading building products company, has announced its agreement to acquire Woven Image, a renowned provider of sustainable and design-led acoustic finishes and textiles. The acquisition, valued at $43 million, is expected to be completed in the coming months, pending certain conditions. The move aims to broaden CSR’s commercial interior range and
CSR to acquire Woven Image Read More »
Australia’s largest horticultural company, Costa Group (ASX:CGC), is poised to recommend a takeover offer from New York-based private equity firm Paine Schwartz Partners. The deal is expected to be finalised in the coming days, marking Costa’s departure from the ASX. Costa’s engagement of UBS and King & Wood Mallesons, and Paine’s advisors, Citi and Allens,
Costa enters final takeover talks Read More »
In a bid to challenge Twitter’s dominance in the social media sphere, Meta Platforms is gearing up to release a new microblogging app called Threads. This move comes on the heels of Twitter owner Elon Musk’s announcement of stricter post visibility rules, sparking discussions of a potential rivalry between the two tech giants. Industry experts
Meta to challenge Twitter Read More »
04 Jul 2023 – A snapshot of the stocks on the move, featuring DroneShield, Nickel X and QX Resources.
Stocks of the Hour: DroneShield, Nickel X, QX Resources Read More »
DroneShield (ASX:DRO) has been awarded a contract by a Five Eyes Department of Defence. This is a follow-on two-year R&D contract with a total value of $9.9 million. Oleg Vornik, DroneShield’s CEO, commented, “DroneShield is proud and pleased to continue undertaking multi-year contracts of increasing size with this customer.” Shares are trading 17.78 per cent
Stocks of the Hour: DroneShield, Nickel X, QX Resources Read More »
At noon, the S&P/ASX 200 is 0.06 per cent higher at 7,250.60, ahead of the RBA’s interest rate decision at 2:30 PM. Economists are divided on whether there will be a rate change, with some expecting another 25 basis point hike while others anticipate no change. Market pricing suggests a 30% chance of a rate
ASX up 0.06 per cent at noon ahead of the RBAs rate decision Read More »
04 Jul 2023 – Stocks rose slightly Monday in a shortened session that kicked off the second half of what’s already been a stellar year on Wall Street.
Morning Report: Stocks begin second half of 2023 with modest gains Read More »
Stocks rose slightly Monday in a shortened session that kicked off the second half of what’s already been a stellar year on Wall Street. The Dow Jones Industrial Average added 10.87 points, or 0.03 per cent, to finish at 34,418.47. The S&P 500 climbed 0.12 per cent to end at 4,455.59, while the Nasdaq Composite
Morning Report: Stocks begin second half of 2023 with modest gains Read More »
