Great stock in Forrests’ lifeline
WA Opera, Black Swan Theatre and the WA Ballet are among the groups to have benefited from a surge in the value of Fortescue shares.
WA Opera, Black Swan Theatre and the WA Ballet are among the groups to have benefited from a surge in the value of Fortescue shares.
Fortescue has smashed through production records, with high iron ore prices suggesting another bumper dividend.
In a rollercoaster session, the market started firmly higher, fell on reports of a new trade threat and finished the day near its lows.
The ASX slipped by 0.4pc but was supported slightly by strength in Fortescue and BHP, while Rio told shareholders China was back to ‘business as usual’.
Original URL: https://www.theaustralian.com.au/topics/fortescue-metals/page/27