ASX 200 rises on banks; Arcadium top gainer
Rio Tinto’s takeover approach lifts Arcadium Lithium appeal. West African Resources drops on Burkina Faso mining concerns. Qantas may avoid second strike after proxy backing.
ASX
Mid-East tensions loom large over sharemarket
The ASX is poised for a cautious start to the week as traders fret about the prospect of a broad Middle East conflict.
A banker’s hunt for hope after family tragedy
Joseph Healy pulled himself together enough to co-pilot the $660m float of Judo Bank on the ASX, but the tragic death of his son in the lead up has spurred a new way of doing business for him | WATCH
Proxy rejects call for outsiders’ ASX seats
Proxy group CGI Glass Lewis says the ASX didn’t take Bob Caisley or Phil Galvin seriously as outside candidates, noting the two former markets executives have ‘very relevant’ experience.
Share tips: what our experts are recommending this week
International conflicts are causing concern in investment circles, and closer to home some ASX big guns are under pressure.
Miners drag on ASX 200; Woodside, Mesoblast up
US President Joe Biden triggers oil price jump. Mesoblast top gainer. Sinopec wants price review on APLNG deal. Platinum grants Regal access for higher offer. Ratings upgrade for Cochlear. Optimism underpinning latest Bendigo Bank, UBS forecasts.
Proxy firm charts Perpetual ‘risks’
Influential proxy group Ownership Matters says shareholders reject Perpetual’s remuneration report.
Di Pilla’s HMC Capital poised for $2bn Global Switch buy
HMC Capital hopes to list a data centre real estate investment trust on the ASX by Christmas.
ASX edges up as property stocks gain; Guzman y Gomez, Star fall
Property giants lift on ‘cheaper debt outlook’. Santos down despite oil price spike. Origin loses ground after abandoning hydrogen plans. Sell rating weighs on ‘overly ambitious’ Guzman y Gomez. IMF backs RBA’s tight stance.
Three-way merger to create new food powerhouse
In a strategic play to survive SPC, Original Juice and powdered milk business Nature One will combine to create a new food manufacturing company on the ASX.
Massive job cuts hit Aussie insurance giant
A job cull is sweeping through one of Australia’s biggest insurance companies, even as the company rakes in big profits.
ASX 200 dips; MinRes, Woodside and Newmont lead gains
Oil, gold stocks jump on Middle East conflict escalation. Jobs to go in Country Road restructure. SiteMinder insider’s $85.4m selldown. Kennett to retire after juice company merger. CEO changes at Collins Foods, KMD. CBA shuffles top deck.
ASX 200 lower on BHP, Rio shedding; Sigma lifts
Sigma rockets on ACCC compromise to get $8.8bn merger with Chemist Warehouse across the line. Treasury Wine caves in to proxy demand on CEO bonus. Warmest August since 1910 sees retail sales lift 0.7 per cent.
ASX to fall; Powell signals more US rate cuts
August retail sales data due as house prices tick up. Qatar Airways to buy stake in Virgin. Star auditors raise red flags. US Fed chair strikes upbeat note on the US economy. Chinese stocks mark best day in 16 years.
Magnis delays date for accounts
Magnis Energy Technologies has failed to provide a date for lodging its annual accounts as questions linger over the company’s financial health.
Proxy group attacks Perpetual board over pay, performance
Payments to Perpetual’s senior management are out of whack with industry norms, according to influential proxy group ISS.
ASX 200 hits record on billionaires’ day of gains
BHP and Rio lead iron ore gains as billionaire-run Fortescue and MinRes also lift. Richard White’s WiseTech up after founder’s $46m selldown. Star hit with downgrades. Key Pacific Smiles shareholders reject Genesis bid. AUD above US69c.
ASX to extend record run as sentiment runs high
Our sharemarket is tipped to build on last week’s record close as investor enthusiasm continues over the condition of the world’s major economies ahead of local retail and US jobs data.
ASX 200 closes flat; MinRes soars; Star tanks
The ASX 200 index closed flat after a choppy session at 8212.20 points as banking and healthcare falls offset strong gains among the miners.
Don’t support external candidates, ASX tells shareholders
The ASX says a former APRA chair and a business veteran are the best options for the market operator’s board vacancies despite two former executives seeking a seat at the table.
Original URL: https://www.theaustralian.com.au/topics/asx/page/16