Monthly Archives - December 2020

Shares in Mesoblast (ASX:MSB) drop over 15%: ASX closed 0.4% lower

15 Dec 2020 - The local sharemarket ended lower today after failing to gain momentum after a drop at the open. Shares in Reliance Worldwide Corporation (ASX:RWC) are doing well today meanwhile, shares in Mesoblast (ASX:MSB) dropped over 15%. DWS Limited (ASX:DWS) says FIRB has confirmed to HCL that the Treasurer has no objection to the proposed acquisition.

Read more...

A positive start for today’s IPOs: ASX tracking 0.2% lower

15 Dec 2020 - The ASX opened lower this morning with the S&P/ASX 200 Index 11 points down or 0.2% lower. Shares in Xero (ASX:XRO) did well today meanwhile shares in Mesoblast (ASX:MSB) didn’t do so well after releasing a report that its cell therapy treatment didn’t quite make expectations in its phase three trials. ACCC alleges unconscionable, misleading conduct from the Retail Food Group.

Read more...

Cochlear (ASX:COH) reports US court upholds $US280m ruling

dd Mmm 2020 - Cochlear (ASX:COH) says the United States Supreme Court has denied Cochlear’s petition for review of the US Federal Circuit’s decision upholding a Judgment of USD $280 million in patent infringement damages against Cochlear in the lawsuit by the Alfred E. Mann Foundation for Scientific Research (“AMF”) and Advanced Bionics LLC (“AB”).

Read more...

US begins mass vaccinations against Coronavirus: ASX poised to open slightly higher

15 Dec 2020 - The ASX looks set to open higher this morning. US stocks fell for a fourth day as Covid-19 continues to rage across the country threatening harsher restrictions. Three million doses of Pfizer’s Covid-19 vaccine has been sent out for immediate distribution. And London has moved into top tier of restrictions as UK identifies new Covid variant. The Australian dollar had risen slightly to 75.3 US cents. BCI Minerals (ASX:BCI) has been granted approval from the...

Read more...

Afterpay soars to record high: ASX ends 0.3% higher

14 Dec 2020 - The local sharemarket has started the week on a positive note despite weak leads from Wall Street. The S&P/ASX200 rose 18 points or 0.3 per cent to 6660. Wesfarmers shares have added 2.8 per cent today to hit a record high of $50.985. Afterpay shares rose 8.8 per cent to a record high of $109.93 amid optimism about its partnership and as the stock closes in on its entry into the ASX20.

Read more...

Tech takes charge: Aus shares 0.5% higher at noon

14 Dec 2020 -The S&P/ASX 200 Index is up 0.5 OR 32 points at 6674 Futures are pointing to a rise of 47 points. per cent at points following the first two hours of trade. Tech is leading the way with Afterpay shares reaching an intraday record of $106 ahead of the company’s entry into the ASX20

Read more...