ASX rallies; Beforepay tanks on debut, Pendal gains 7.8%
ASX lifts 0.3 per cent on consumer discretionary and energy gains. Beforepay dives 43.7 per cent on debut, Pendal surges 7.8 per cent on new chair and BHP shifts unification vote.
Matt Bell
Latest
Crown VIP won’t recover until 2025: analysts
Crown Resort’s lucrative VIP business in Melbourne and Perth will not return to pre-pandemic levels until 2025, equities analysts at Morningstar say.
City Chic plus-sizes its profits
City Chic Collective – which sells a range of plus-size brands including Avenue and Evans – says it expects to show sales growth of almost 50 per cent for the latest half.
‘Enhanced controls’ promised after Djokovic leaker found
Ai-Media will make changes to its operations after finding the culprit behind the leaking of Channel 7 News presenters’ Novak Djokovic rant.
ASX dips 1.1%; Afterpay, Pendal tumble
ASX suffers its worst day in over a week, falling 1.1 per cent, and Afterpay dives 9.2 per cent while Pendal tumbles 16 per cent.
Bell Financial profits slump on sluggish 2021 finish
Shares in the owner of Bell Potter Securities dived nearly 6 per cent on Thursday after the company forecasted a collapse in profits following a weak end to 2021.
ASX up 0.5%; Crown soars 8.8% on fresh bid
ASX rallied for the second straight day as investors shrugged off a jump in US inflation. Crown surges 8.8 per cent after Blackstone lifts offer and Qantas slashes capacity over weak demand.
Shoppers turn on buy now, pay later
Fewer customer used buy now, pay later throughout the crucial December shopping period with demand for Zip Co declining by a whopping 37 per cent.
‘Overinflated’: Hydrogen arm hits Fortescue’s rating
Brokers are slashing the outlook of Fortescue over its green hydrogen arm, with Citi saying its current share price run implies ‘unreasonable expectations’ of the division.
ASX up 0.7%; Afterpay, Woodside gain
ASX closes higher on energy and tech gains. Afterpay soars 4.8% after Block takeover gets approval, Woodside lifts on oil prices and Irongate rejects 360 Capital bid.
Original URL: https://www.theaustralian.com.au/author/matt-bell/page/107