Monthly Archives - July 2020

Global rally slows: ASX poised to dip at the open

08 Jul 2020 - Following a fall from US markets overnight, the ASX looks set to open lower this morning. The global rally slowed with European shares slipping alongside US futures. The Shanghai Composite climbed for a sixth day. Yesterday our official cash rate was left at 0.25% for another month – most experts predict it will stay at that historic low for some time yet. SkyCity Entertainment Group (ASX:SKC) says its $50 million share purchase plan saw a...

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Official cash rate steady at 0.25%: ASX closed 0.03% lower

07 Jul 2020 - After a massive leap upwards at the open, the ASX took a small dip around lunchtime and the local bourse managed to close 0.03% lower. The materials sector is doing well today with shares in St Barbara (ASX:SBM) and Gold Road Resources (ASX:GOR) all seeing a rise. Shares in Ooh!Media (ASX:OML) meanwhile took a dip. Sequoia Financial Group (ASX:SEQ) has entered into a Purchase of Assets Agreement with Total Cover Australia (TCA), via the Company’s...

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FIRB approves Iberdrola’s takeover offer for Infigen: Aus shares 0.1% higher at noon

07 Jul 2020 - The Australian share market shot up at the open and is now tracking 0.1 per cent higher at noon. The materials sector is doing well today with shares in St Barbara (ASX:SBM), Fortescue Metals Group (ASX:FMG) and Gold Road Resources (ASX:GOR) all seeing a rise. Shares in New Hope Corporation (ASX:NHC) and Mesoblast (ASX:MSB) meanwhile took a dip. Iberdrola's take-over offer for renewables company Infigen (ASX:IFN) has been given approval from the Foreign Investment Review...

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FIRB approves Iberdrola’s takeover offer for Infigen: Aus shares 0.1% higher at noon

07 Jul 2020 - The Australian share market shot up at the open and is now tracking 0.1 per cent higher at noon. The materials sector is doing well today with shares in St Barbara (ASX:SBM), Fortescue Metals Group (ASX:FMG) and Gold Road Resources (ASX:GOR) all seeing a rise. Shares in New Hope Corporation (ASX:NHC) and Mesoblast (ASX:MSB) meanwhile took a dip. Iberdrola's take-over offer for renewables company Infigen (ASX:IFN) has been given approval from the Foreign Investment Review...

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Afterpay (ASX:APT) is set to expand into Canada

07 Jul 2020 - Afterpay’s (ASX:APT) trading update for the three month period ended 30 June 2020 shows strong performance delivering underlying sales of $11.1 billion in FY20, more than doubling the prior corresponding period, up 112 per cent.

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