Australia Financial News

13.11 / 04:33

FIVE 2020 Metcash moves to take full control of Total Tools

Metcash will take full control of the Total Tools business, tipping in $101.5 million to snap up the 15 per cent of the hardware chain it does not already own by the end of the month.

13.11 / 04:33

Progressive Action Oscar performer country reports testing DP World ports start to reopen after hack, but strike actions stays

Major port operator DP World has gradually restarted operations after shutting down terminals across the country since Friday due to a hack on its systems.

13.11 / 03:25

Citi track 2020 travelers Option High Speed Rail boss pushes case, says ‘doing nothing’ no option

A high-speed rail line between Melbourne and Brisbane would cost more than the federal government’s last official estimate of $114 billion, High Speed Rail Authority interim chief executive Andrew Hyles says.

13.11 / 03:25

Target Strategy Citigroup Parke Healthcare show prevention The Aussie brokers pitching ASX stories to London’s big money

London | There are many ways to measure the pandemic’s disappearance into the rear vision mirror. One prime indicator, in the past six months, has been the heavy traffic in business class on QF1, the flight to London.

13.11 / 03:25

DiRT Rinehart, MinRes tip into Delta Lithium $70m raise

Australia’s mining heavyweights are itching to get their mitts on lithium assets.

13.11 / 03:25

Waters Remark awards BAY Rust blues 2020 Mountain Culture offers investors a taste of craft beer

Craft brewer Mountain Culture Beer Co is looking to leverage industry acclaim and accept outside capital for the first time, putting it within reach of a $70 million valuation.

13.11 / 03:25

Digital CEO Platform pandemic reports strain ANZ posts record $7.4b full-year cash profit

ANZ reported a record full-year cash profit of $7.4 billion, 14 per cent higher than a year earlier, boosted by its diversification into institutional banking for large companies amid competitive pressure in Australian housing.

13.11 / 03:23

CEO Platform reports Australia's ANZ posts record FY profit, investors fret over mortgage pressure

By Byron Kaye and Rishav Chatterjee

13.11 / 03:23

Provident Nov Moodys Nikkei voice blues trumps Stocks gain, bonds calm as Fed outlook trumps Moody's downgrade

By Kevin Buckland

13.11 / 02:24

CEO Action Experts reports GIFT Nifty up 20 points; here's the trading setup for today's session

Analysts expect the current bullish momentum to continue in the near future, albeit with some hiccups on the way. «We believe India would continue to shine and expect markets to maintain its outperformance in Samvat 2080. Over the next couple of quarters, sector rotation would be an important driver along with the overall market uptrend,» said Motilal Oswal, MD and CEO, Motilal Oswal Financial. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 18.5 points, or 0.09 per cent, at 19,559, signaling that Dalal Street was headed for positive start on Monday.

13.11 / 02:24

Provident Nov Moodys Nikkei Experts voice blues trumps Asian stocks Asian stocks gain, bonds calm as Fed outlook trumps Moody's downgrade

Stocks in Asia rose on Monday while Treasuries and the dollar kept their composure, as investors took their lead from Wall Street's Friday rally, shrugging off a Moody's downgrade to the U.S. credit outlook. Tech stocks stood out, as they had in the U.S. at the end of last week, after the calming of long-term Treasury yields since the start of this month boosted the outlook for borrowing-dependent growth shares. U.S.

13.11 / 02:23

Reuters Platform WhatsApp NVIDIA Nikkei Illumina show moody’s Weekend 6 things that changed for the stock market over weekend - Gift Nifty to Moody’s US outlook cut

HDFC Securities. Read here: Diwali Muhurat Trading 2023: Nifty 50 jumps 100 points; Sensex closes at 65,259 Here are key global market cues Sensex today: Asian markets traded mostly higher on Monday following a tech-driven rally on Wall Street on Friday. Japan’s Nikkei 225 rallied 0.96% and the Topix gained 0.50%.

13.11 / 00:48

Waters poker reports testing Ainsworth Game Technology considers life outside the ASX

It has been an unpleasant year for all ASX-listed gaming stocks of almost all persuasions – outside of Aristocrat Leisure – given the increasingly eagle-eyed regulators and reluctance from investors.

13.11 / 00:48

Provident PwC Mullen PwC spin-off Scyne appoints veteran businessman as chairman

PwC spin-off firm Scyne Advisory has appointed veteran businessman John Mullen as its inaugural chairman, as it began on Monday its first official day of operations as an independent public sector-focused consulting firm.

13.11 / 00:48

Action Patrick pandemic Oscar country testing DP World hack strands 30,000 shipping containers

Tens of thousands of shipping containers stuffed with consumer goods like electronics, clothing and food remained trapped at ports around the country on Sunday after stevedore DP World Australia was struck by a cyberattack on Friday.

13.11 / 00:48

Citi Progressive CEO Platform Southern Mercury show stake Kerry Stokes’ Seven swoops on ARN Media, takes near 20pc stake

Seven West Media, the broadcaster backed by billionaire Kerry Stokes, has become the largest shareholder in ASX-listed radio company ARN Media after grabbing a 19.9 per cent stake in an off-market weekend raid.

13.11 / 00:48

Experts Albemarle voice reports isolate Allkem and Livent bosses face down criticism of $16b lithium merger

Senior executives at Allkem and Livent say investors are supportive of the $US10 billion ($16 billion) merger between the two mining groups despite increasing concerns that volatility in the lithium price is making the deal, struck in May, increasingly unattractive to the former’s shareholders.

13.11 / 00:48

Citi Provident JPMorgan Remark love show reports The analysts and sales desks investors love – and those they don’t

Some of the biggest Wall Street investment banks slid down the rankings of high-quality research analysts and sales desks in a widely followed and respected survey of major institutional investors conducted by Peter Lee Associates.

13.11 / 00:48

Provident Matrix Mercury track exclusive Clark Perkins’ Mercury Capital closes in on Findex; MacCap advising

Clark Perkins’ buyout firm Mercury Capital is on the move. Street Talk understands Mercury’s team, spearheaded by dealmaker Ben Hawter, has its eye on KKR-backed accounting and advisory firm Findex Group.

13.11 / 00:48

Parke Healthcare KKR KKR teams up with Skip Capital for Queensland Airports; vets EastLink

It’s pedal to the metal for KKR’s dealmakers, who are chasing another local infrastructure asset, or two, to park in their portfolio alongside TransGrid-owner Spark Infrastructure.

13.11 / 00:48

Provident BlackRock Fitch show cover information reports Hundreds of millions flow from InfraBuild to Gupta steel empire

Sanjeev Gupta’s InfraBuild is paying hundreds of millions of dollars in fees to the British industrialist’s other companies as payment for “shared services”, just one part of a complex series of transactions between the Australian company and the businessman’s broader, ailing steel empire.

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