ASX dives 1.3pc; energy, tech, real estate smashed
ASX tumbles for a fourth straight session as AEMO call weighs on investors. Crown exits ASX bond yields skyrocket, Humm sale heats up and Fortescue to buy 200 green trucks.
Ampol
Ampol in talks for sale and lease back of Z Energy sites
Australian listed fuel retailer Ampol is in advanced talks for a sale and lease back of its Z Energy sites with a party believed to be New Zealand property syndicator Willis Bond.
Ampol’s electric charge across the nation
If fuel inflation has done one good thing it is to highlight why moving to electric vehicles as fast as Australia can do it is a smart thing.
Ampol’s profit jumps as drivers hit the road
Ampol’s first-quarter net profit jumped 54 per cent as drivers returned to the roads and its Lytton Refinery in Brisbane staged a turnaround.
Health care, tech stocks hit ASX
ASX 200 dropped 0.4 per cent, with falls across the board. Investors heavily sold off health care and tech stocks. Forrest mulls US coal plant deal, while Pendal rebuffs Perpetual and Afterpay losses mount.
UBS poaches resources expert
Matthew Salmon will leave RBC Capital Markets for a newly created role focused on the resources sector at UBS.
Private equity bids pumped Ampol’s Gull price
Ampol’s sale process of its Gull fuel retailer in New Zealand is said to have become an auction among private equity firms, with buyer Allegro Funds the standout.
ASX drops as miners sink; St Barbara surges
ASX slumps below 7000 as investors sell energy and mining stocks. St Barbara surges while Nickel Mines dives. Fortescue teams up with Airbus and Ampol quits Russian oil.
Pump priming: The graph that charts Covid recovery
Drivers still face rough road while global oil prices continue to surge.
Ampol’s earnings, profit boost future power play
The fuel retailer sees robust demand at the pumps until 2030, but is gearing up for longer term power play through investments in EV charging and hydrogen energy.
Ampol readies for electricity market assault
The retail fuel giant has applied for a licence as a electricity and gas retailer, joining a crowded field of new entrants to the power market.
A dozen bidders for Gull servos
The sales process for Ampol’s portfolio of Gull service stations is heading into the second round, with about a dozen parties said to have lobbed first-round offers for the portfolio.
Lytton delivers for Ampol after petrol prices soar
A year ago Ampol’s Lytton refinery in Brisbane was under threat of closure. The December quarter is expected to show it delivered a vastly improved profit.
ASX dips 0.1%; Pointsbet falls, JB Hi-Fi lifts 7%
ASX drops 0.1 per cent with six sectors in the red. Pointsbet, Zip Co and Virgin Money among the laggards, Imugene and JB Hi-Fi climb, while Ampol flags increased refinery margins.
Why a fierce electricity war looms with Ampol’s entry
The fuel retailer is set to join Shell and Telstra in a bid to grab a big chunk of the Australian electricity retail market, which is dominated by AGL, Origin and EnergyAustralia.
ASX closes down 0.3% after GDP fall
The ASX 200 closed down 0.3% after GDP dropped 1.9 per cent during lockdowns. Strong day for iron ore miners, CBA completes Colonial First State sale, ANZ faces class action, Nuix hits new low.
Ampol signs off $1.9bn Z Energy petrol deal
The $1.9bn deal will hand Ampol control of Z Energy’s 300 petrol stations across New Zealand and the supply of 4 billion litres of fuel annually to customers.
Ampol eyes NZ service station IPO
Australian fuel retailer Ampol is believed to be mulling a float of its New Zealand service station business if it succeeds in its $NZ2bn bid for rival Z Energy.
Ampol circling EG’s $2bn service station portfolio
Ampol is gearing up for a spending spree, with suggestions the locally listed fuel retailer is keen on EG Group’s $2bn-odd service station portfolio.
Ampol may seek Z extension
Australian fuel retailer Ampol is seeking to extend its due diligence on Z Energy, according to market sources.
Original URL: https://www.theaustralian.com.au/topics/ampol/page/4