Despite data centre hype, DigiCo’s debut drop rings alarm bells
The year’s biggest float has flopped on its ASX debut when investors sold off HMC Capital’s DigiCo trust and the lack of support could have ramifications for the data centre frenzy.
ASX
ASX slumps to worst week in four months
A sharp sell-off in materials and utilities dragged the Aussie sharemarket into the red – marking its worst week in four months.
ASX 200 falls; DigiCo’s weak debut; Insignia, Iress top gainers
DigiCo flops on in subdued start to public life. Insignia considering Bain’s $4 per share bid. Iress promises to reinstate dividends. Rio to spend $US2.5bn on new lithium mine in Argentina. Premier’s FY25 start ‘challenging’. China stimulus talk disappoints
HMC Capital hopes to float on AI tide as year’s biggest IPO launches
David Di Pilla’s funds house HMC Capital faces a key test with the launch of its DigiCo Infrastructure REIT on the Australian Stock Exchange on Friday.
Momentum supports outlook for IPOs: ASX CEO
The exchange boss Helen Lofthouse says simplification will be the key to unlocking productivity.
Markets on the rise as Trump’s victory brings certainty
For stocks, politics is less about policy and chiefly about uncertainty trends. Rising uncertainty discourages risk-taking (bearish). Falling uncertainty enables it
ASX falls on surprising jobs figures
The ASX has fallen to a three-week low on Thursday as markets digested better than expected unemployment figures.
Aussie music company’s huge move
A growing Aussie music company has just made a massive move, taking over a popular online travel guide website.
ASX 200 ends at three-week low after jobs surprise; Ventia, Downer slump
The chance of an early rate cut fades after the jobless rate fell to 3.9 per cent. Qantas strike may disrupt holiday plans. AUD lifts. Downer and Ventia hit by ACCC lawsuit over price fixing cartel allegations. Peter Warren tanks on profit warning.
ASX-listed CFOs see economy at turning point: Deloitte
Finance chiefs at Australia’s largest listed companies are confident that the economy will turn around in 2025 on expectations of easing inflation and households deploying their cash savings.
ASX falls to three week low
A sharp sell-off in information technology and energy stocks dragged the Australian markets down during Wednesday’s trading.
ASX 200 ends at three-week low; Nippon Life’s big Aussie merger
ASX 200 hits three-week low before US CPI data. Resolution-MLC merger in Nippon’s $US8.7bn buyout plan. Cement Australia buys BGC arm. ASIC sues Rex directors. Bets up on RBA rate cut in February. 2024’s biggest float DigiCo’s ‘overpriced’.
ASX trims losses after dovish pivot by RBA
Michele Bullock rejects commentary the RBA has misread the weakness in the economy and should have already moved to cut interest rates. ASX fell on tech, banks and property. But miners up on China stimulus hopes. 480 Mosaic jobs to go; Katies to shutter. Business confidence falls. Perpetual hit on ATO ruling on KKR deal.
Retail gives ASX a bump up
The gift-giving season has shunted the ASX to a marginal gain on Monday as oil uncertainty buried many of the big players.
ASX 200 ends flat; CBA, Goodman up; ANZ, Platinum among big decliners
Ex-HSBC veteran Nuno Matos will be next ANZ CEO. Platinum crashes, Regal down after takeover talks end. CBA, Goodman jump. Star hits record low. Woolworths flags $140m hit from now-ended strikes. Sonic buying German lab group for $699m. GQG rises after canning buyback.
Salter Brothers shoots for ASX hotel listing
The Melbourne-based fund manager is planning a series of upgrades on key properties and hopes to build its portfolio into the largest hospitality vehicle in the Asia-Pacific.
ASX finishes week in the red
The ASX 200 has traded down following weak investor sentiment and a key piece of US data coming out overnight.
ASX 200’s worst day in a week; Iluka, Magellan lead losses
US jobs data due. ASX has worst day, lowest close in over a week after record highs. Goodman Group, APA Group sell-downs completed. Iluka’s WA refinery costs weigh as government steps up support. Domino’s downgraded. Aristocrat down as gaming CEO joins rival. WiseTech director pockets nearly $200m via share sale.
Sale of Vocus shares completely rational, insider trading trial told
Ex-Vocus chairman Vaughan Bowen had already informed his broker he wanted to move on from the telco, so it was not surprising he sold $25m in shares, a court has heard.
Challenger lifeline for Elanor as it works to get back on ASX
Challenger will leave $3bn of commercial property under smaller manager Elanor’s control as attempts are made to stabilise its operations.
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