The Australian dollar has been weakening in recent months due to several factors, including a slowdown in the Chinese economy and high interest rates in the United States. This has many implications for the Australian economy, which we will explore today.
By Charlie Ormond,
SelfWealth saw its shares surge as it knocked back an offer from rival brokerage platform Stake today in a high-stakes battle for users in the retail trading space.
By Charlie Ormond,
Qantas announced plans for a board renewal to rebuild its reputation. Chairman Richard Goyder and two other board members will not stand in the next re-election.
By Charlie Ormond,
The ACCC has backed the 18.7 billion takeover bid for Origin today, saying that the risks to competition were outweighed by the public benefits of more renewable energy.
By Charlie Ormond,
Strike Energy gave investors the first look at production from its newly commissioned Walyering Gas Field in WA.
By Charlie Ormond,
Adacel has seen its shares rocket today after being awarded a major US$59 million contract with the US Federal Aviation Administration to service its air traffic training systems for five years.
By Charlie Ormond,
Computershare has sold its US-based mortgage services business for $1.13 billion as part of its strategic realignment to cut costs and deliver more to shareholders, it said in an announcement today.
By Charlie Ormond,
Cancer diagnostic company Pacific Edge saw its shares fall heavily today after the FDA announced plans to regulate the company’s flagship bladder cancer treatment Cxbladder.
By Charlie Ormond,
A tough day on the market for Brickworks today, which reported a 54% drop in profits this morning in its latest financial results. Shareholders bolted as rising costs across the board squeezed the company’s margins into dangerous territory.
By Charlie Ormond,
The Star Entertainment Group saw its shares drop heavily today after it completed a $565 million capital raise with institutional investors as the casino operator attempts to shed debt.
By Charlie Ormond,
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