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 »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices. Key points:The Australian home price rebound continued in June with CoreLogic data showing national average home prices up 1.1%, their fourth rise in a row. They are now up 3.4% from their February low.Sydney continues to lead the charge with
Supported by positive sentiment from Wall Street, the S&P/ASX 200 closed 0.59 per cent higher at 7,246.10, with the benchmark index gaining 0.3% and nine out of 11 sectors experiencing gains. Additionally, trading was influenced by a seasonal trade strategy where investors sell winners from the previous year and purchase last year’s losers on the
ASX rises 0.59% on FY24s first day, driven by seasonal trade strategy Read More »
