Latest Market News

Gradual recovery in payroll jobs continues: ASX 0.2% higher at noon

30 Jun 2020 - The ASX shot up at the open and is now tracking almost 0.2% higher at noon. Shares in Collins Foods (ASX:CKF) are on the up after releasing their year results showing revenue is up 8.9% to $981.7 million. Shares in Wisetech Global (ASX:WTC) dropped after Founder and CEO, Richard White, sold 2.4 million shares. Infigen (ASX:IFN) Board unanimously recommends investors accept the Takeover Offer from Iberdrola.

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AAP sale finalised, Seafolly goes into admin: ASX set to open higher

30 Jun 2020 - Following a claw back from US markets overnight, the ASX looks set to open higher this morning. The future of the AAP newswire has been assured sold to new owners saving the newswire company. Meanwhile, iconic Australian bikini brand Seafolly has gone into administration. Infratil (ASX:IFT) is pleased to announce the completion of its NZ$50 million SPP to existing eligible shareholders.

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Quarantine days increased for travellers in Victoria: ASX set to open lower

29 Jun 2020 - Following a fall from US markets overnight, the ASX looks set to open lower this morning. The coronavirus global death count is closing in on half a million. Back home Victoria's outbreak of 90 coronavirus cases over the weekend is set to see tougher lockdowns across suburbs in Melbourne and set back national progress towards opening the economy. European Union countries failed to settle on Friday on a final “safe list” of countries whose residents...

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Mincor (ASX:MCR) completes $50M placement: Aus shares close 1.5% higher

26 Jun 2020 - The Australian share market rallied in the back half of the session to close 1.5 per cent higher. All of the sectors except Healthcare made ground today, with investors choosing to pick up bank stocks ahead of the weekend. Mincor Resources (ASX:MCR) has successfully completed its $50 million fully underwritten institutional placement.

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ACCC seeks to appeal Acacia Ridge terminal acquisition: Aus shares 1.1% higher at noon.

26 Jun 2020 - The Australian share market opened slightly lower defying positive leads from international markets. It has however managed to gain ground early in the session and is tracking 1.1 per cent higher at midday. All of the sectors except Healthcare have advanced this morning. The Australian Competition and Consumer Commission is seeking special leave to appeal to the High Court disputing the decision of the Full Federal Court that Pacific National’s acquisition of the Acacia Ridge...

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TPG Telecom (ASX:TPM) spin-off Tuas set to list: Aus shares to open higher

26 Jun 2020 - Following positive leads from US markets, the Australian share market looks set to open higher. The national cabinet is meeting today and will discuss strategies for containing localised outbreaks, a timetable for reopening Australia’s arts and entertainment venues, and the return of international students. S&P Dow Jones Indices announced that TPG Telecom (ASX:TPM) will spin-off 1 share of Tuas (ASX:TUA) for every 2 TPG Telecom shares held.

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