TPG Telecom is in the line of fire as it awaits the decision from the ACCC on its merger with Vodafone Australia. Brokers suspect downside risk to the share price is considerable if the merger is disallowed.
Read More
Fonterra, New Zealand’s largest company, returned to profit in the six months to January, earning $NZ80 million for the six months to January 31, and revealing more asset sale plans.
Read More
Not before time: embattled wealth manager, AMP has scrapped short-term cash bonuses and cut directors’ fees for a second time in less than a year in an effort to avoid a second shareholder strike on remuneration and possible board spill at the annual meeting in May.
Read More
Big global fund managers remain bearish nearly three months into 2019 despite the rebound in shares since the start of the year that has seen major markets up 10% to more than 20% (in the case of China).
Read More
WiseTech is looking to add $50 million to the $250 million it is seeking from investors in a placement announced to the market on Tuesday.
Read More
Shares in southern Queensland construction and transport company Wagners plunged more than 20% yesterday after informing the market last night about a dispute with Boral that could cost the company about $20 million.
Read More
Expect even more pressure on global iron ore supplies and prices after Vale was forced to shut two more iron ore mines in southern Brazil.
Read More
As forecast earlier this year, a big write-down of its now abandoned mobile network whacked the interim profit of TPG Telecom.
Read More
Westpac investors yawned yesterday at the news the bank was quitting the financial advice sector while overhauling its management structure that will two of its most senior executives leaving the bank.
Read More
Pilbara Minerals shares didn’t change yesterday after it edged closer to a deeper involvement in the lithium processing business.
Read More
There will be a number of key local earnings results this week from a small group of companies.
Read More
The value of low-grade but bulk-tonnage porphyry copper/gold deposits has come into sharp focus for the local market as a result of Newcrest’s (ASX:NCM) $1.14 billion acquisition of a 70% interest in the Red Chris mine in British Columbia.
Read More
While the CBA has reiterated that it is still committed to “ultimately” exiting its wealth management and mortgage broking businesses, that exit now appears quite a while off, years in fact.
Read More
Shares in Retail Food Group (RFG), the stricken listed franchising group lost more value yesterday after it emerged as the prime target in the final report of a lengthy Federal parliamentary inquiry into franchising.
Read More
Scott Kelly from DNR Capital shares his thoughts with Informed Investor on the potential implications should any of the proposed changes to franking credit treatment become reality through a Labor election win.
Read More
Shares in New Zealand-based outdoor clothing and equipment retailer Kathmandu fell more than 2% yesterday after revealed it was “urgently investigating” a suspected customer data breach of its trading websites.
Read More
Amcor has moved closer to finalising its drawn-out takeover of US packing giant, Bemis with the release of shareholder documentation on the takeover, including board and management appointments.
Read More
Newcrest Mining has signalled a commitment to its low-grade Telfer gold mine in the East Pilbara by striking a $90 million exploration farm-in agreement with Greatland Gold in the highly prospective Paterson province.
Read More
Sigma Healthcare (SIG) shares slumped 15% at one stage yesterday after rejected a half-hearted takeover offer from rival Australian Pharmaceutical Industries (API).
Read More
The flagging housing market and sagging consumer sentiment ahead of the federal and NSW elections have affected the performance of an unlikely ASX-listed exponent – the assisted reproduction outfit Virtus Health (VRT, $3.98).
Read More
Brokers perceive Newcrest could add significant value to the Red Chris copper-gold project, in which it has acquired a 70% stake.
Read More
National Australia Bank’s incoming chair Phil Chronican has vowed the bank will step up the pace of compensating customers, as he reiterated the need to revamp executive pay after last year’s investor backlash.
Read MoreGold miner Newcrest Mining says it will finance the $1.1 billion purchase of a major new investment in Canada from its own internal resources and banks – a move that should win it the thumbs up from shareholders wary about being asked to help finance big deals by mining companies.
Read More
Search and language data services company Appen is raising $300 million from big shareholders to finance the acquisition of San Francisco-based machine learning technology company Figure Eight.
Read More
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.
Read More
Walkabout Resources – (ASX: WKT, Share Price: $0.145, Market Cap: $44m, coverage initiated @ $0.12 in April 2016)
Read More
OZ Minerals could spend a billion dollars or more on its huge Carrapateena underground copper-gold mine in South Australia as the miner continues to explore a potential block cave approach.
Read More
Brisbane-based Super Retail Group’s new CEO, Anthony Heraghty has made his first senior appointment since taking the top job earlier this month, choosing to back experience.
Read More
The National Australia has named former Westpac and ANZ executive, Phil Cronican as its new chair, to replace Ken Henry who leaves shortly.
Read More
No dividend from Myer, the struggling department store chain as it returned to the black in the six months to January, but the shares rose strongly yesterday.
Read More
Is the $2 billion private equity offer from KKR for accounting software business MYOB Group about to fall over?
Read More
Amid the rush by the ASX listed ‘pot stocks’ to grow medical cannabis, the market has overlooked a key question: where will all the therapeutic hooch be processed?
Read More
Metcash has outlined an expenditure program designed to lift all areas of its business over FY20-24. Brokers contemplate the outlook in light of the latest trading update.
Read MoreAMP shares hardly moved yesterday in the wake of Standard & Poor’s cutting the credit rating of the wealth manager for the second time since last August and warned there is a further cut to come that will see the embattled giant lose its A rating.
Read More
Most analysts say the December season wasn’t brilliant (except for the spate of buybacks and higher dividends from the likes of BHP and Rio Tinto) but was a bit a better than feared. However, it showed a slowdown for companies exposed to the domestic economy and caution regarding the outlook.
Read More
Recent market entrant Jayride has ambitions to become the ‘bookings.com’ of airport transit services. Elsewhere in the travel sector, the expansive Sealink is navigating choppy waters as it awaits the outcome of a contract to run Sydney’s ferries.
Read MoreIt’s only been a month since Hayne’s final report has been released, but far from driving a stake through the financial hearts of the Big Four Banks – Commonwealth, Westpac, ANZ and NAB – their position is returning to being as dominant as ever.
Read MoreAs we head into March and equity markets have staged one of the best starts to a calendar year, I question whether March can back up those gains of the first two months and as markets have unfolded along my expectations from October last year, I stick to my guns and say that this is a time now to “be careful”.
Read MoreRetail Food Group’s financial positioned has worsened to the point where it continues trading only with the forbearance of its banks.
Read More
The major miners led the way in February after solid interim or full-year financial results, the big banks shook off the Hayne Royal Commission blues, while Blackmores plunged 27.7% and then lost its CEO.
Read More