Monthly Archives - February 2021

Crown Resorts (ASX:CWN) in a trading halt after inquiry report: ASX closes 0.9% lower

09 Feb 2021 - The S&P/ASX 200 Index closed 0.9% lower or 59.5 points lower at 6821 points. Shares in the Macquarie Group (ASX:MQG) are doing well today. And a NSW casino inquiry has found that the James Packer-backed Crown Resorts (ASX:CWN) is not suitable to hold the licence to operate a new Sydney casino at Barangaroo after a public inquiry.

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Business confidence rises in January: ASX tracking 0.4% lower at noon

09 Feb 2021 - The local market dropped at the open, the S&P/ASX 200 Index is down 0.4% or 30 points lower at 6,851 points. SPI futures are pointing to a fall of 0.5%. Shares in the Macquarie Group (ASX:MQG) are doing well today after they reported improved trading conditions across the group in the December quarter. Buddy Technologies (ASX:BUD) report expected revenue to be up to $28 million.

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Suncorp cash earnings up 39%: ASX poised to open lower

09 Feb 2021 - The ASX looks set to open lower this morning despite a rally on Wall Street. Hopes rose as the coronavirus infection rates slowed in the US and more vaccines are rolled out. US stocks were higher for the sixth straight session. Bitcoin surged to an all-time high after Tesla invested $1.9b. Suncorp (ASX:SUN) has delivered a strong 1H21 result with cash earnings of $509m, up 39.5% versus the pcp.

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