Author - Craig Foley

Wall St lower on global economic growth concerns, oil surges: Aus share to slip at open

17 Sep 2019 - Australian shares look set to open slightly lower following negative leads from Wall Street on Monday. Stocks fell amid concerns a surge in oil prices will slow down global economic growth. Shares of US oil supermajors Chevron and Exxon Mobil led gains on the Dow Jones. Contact Energy (ASX:CEN) has today announced the appointment of Mike Fuge as CEO.

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Northern Star to expand Alaskan gold mine processing plant: ASX closed 0.1 per cent higher

16 Sep 2019 - The ASX managed to gain momentum after lunch today rising to close 0.1% higher. Bellamy’s Australia (ASX:BAL) shares were the big story of the day seeing their shares shoot up over 50% after reports the company is to be bought out by Chinese dairy company for $1.5b. Northern Star Resources (ASX:NST) will invest $43 million to expand the processing plant at its Pogo gold mine in Alaska.

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Bellamy’s up over 50% after takeover bid: ASX tracking 0.2% lower at noon

16 Sep 2019 - The ASX opened higher after mixed leads from Wall Street, dropped in the first hour of trade, and is now tracking 0.2% lower at noon. Bellamy’s Australia (ASX:BAL) shares have shot up today after reports the company is to be bought out by Chinese dairy company for $1.5b. Monash IVF (ASX:MVF) has bought Fertility Solutions, a Queensland-based provider of fertility services.

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Sims shares plunge 15% on 1H FY20 downgrade

16 Sep 2019 - Sims Metal Management (ASX:SGM) has today announced that the recent and significant falls in ferrous and non-ferrous prices will negatively impact 1H FY20 and the result will be materially lower than 1H FY19.

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