Monthly Archives - March 2021
15Mar

Tilt Renewables (ASX:TLT) agrees to a takeover: ASX set to open sightly lower

15 Mar 2021 - Following mixed leads from US markets, the ASX looks set to open slightly lower today. Weekly US Covid-19 death toll has fallen to a four-month low and new infections declined further. On the commodities front, oil settled near $70/bbl on Friday, supported by production cuts by major oil producers and optimism about a demand recovery in the second half of the year. And New Zealand's Tilt Renewables (ASX:TLT) agrees to a takeover.

Read more...
14Mar

APRA drops Westpac (ASX:WBC) money laundering investigation: Aus market gains 0.8% over week

12 Mar 2021 - It’s been a strong week for the Australian share market. While rising bond yields stunted growth stocks mid-week, the recovering domestic economy helped drive gains. Over the week, the market is up 0.8 per cent. The Supreme Court of Australia today made orders for Coca-Cola Amatil (ASX:CCL) to convene a shareholder meeting to consider and vote on the scheme of arrangement, which would see Coca-Cola European Partners acquire its Aussie counterpart. The Australian Prudential Regulation...

Read more...
14Mar

Southern Cross Media (ASX:SXL) shares tumble on Nine’s (ASX:NEC) affiliate deal with WIN: Aus shares 0.95% higher at noon

12 Mar 2021 - The Australian share market opened higher following strong positive leads from Wall Street. The Tech sector is leading the way and the only sector in the red is Consumer Staples. Citi rates Flight Centre (ASX:FLT) as a sell, with a price target of $16.80. The broker believes the travel company will be a secondary beneficiary of the Federal Government’s domestic tourism stimulus package. Nine Entertainment Co. Holdings (ASX:NEC) and WIN Corporation have signed a new...

Read more...
14Mar

S&P500 and the Dow reset record highs: Aus shares set to open higher

12 Mar 2021 - The SPI indicates that the Aussie market will rise at the open. This follows a broad rally on Wall Street, bolstered by tech stocks which boosted the S&P500 and the Dow to new record highs. CHAB Office Trust, which is part owned by Charter Hall Group (ASX:CHC) and Abacus Property Group (ASX:ABP) is set to buy 241 Adelaide Street, Brisbane.

Read more...
13Mar

Southern Cross Media (ASX:SXL) shares tumble on Nine’s (ASX:NEC) affiliate deal with WIN: Aus shares 0.95% higher at noon

12 Mar 2021 - The Australian share market opened higher following strong positive leads from Wall Street. The Tech sector is leading the way and the only sector in the red is Consumer Staples. Citi rates Flight Centre (ASX:FLT) as a sell, with a price target of $16.80. The broker believes the travel company will be a secondary beneficiary of the Federal Government’s domestic tourism stimulus package. Nine Entertainment Co. Holdings (ASX:NEC) and WIN Corporation have signed a new...

Read more...