Finance News Network

News by Melissa Darmawan

Melissa Darmawan

Stocks of the Hour: Bega Cheese, Sandfire Resources, Trajan Group

30 Dec 2021 - A snapshot of the stocks on the move featuring Bega Cheese (ASX:BGA), Sandfire Resources (ASX:SFR), & Trajan Group (ASX:TRJ).

Forrest serves $108m slice in Bega Cheese (ASX:BGA)

30 Dec 2021 - Mining billionaire Andrew Forrest splurged $108.3 million to increase his stake to 6.6% of Bega Cheese (ASX:BGA) through his Tattarang AgriFood Investments company.

Sandfire Resources (ASX:SFR) receives Spanish nod for $2.6b takeover

30 Dec 2021 - Sandfire Resources (ASX:SFR) has received the nod from the Spanish competition authorities on its $2.6 million takeover of MATSA Mining Complex.

Trajan (ASX:TRJ) completes acquisition of Neoteryx

30 Dec 2021 - Global analytical science and device company Trajan Group Holdings (ASX:TRJ) has completed the acquisition of California-based Neoteryx, a leader in blood micro sampl…

Wall St mixed on S&P 500 70th record close, M&As in lithium sector to gear up: ASX poised to rise

30 Dec 2021 - Mixed closed around the major indexes around the globe on thin volume. S&P 500 hits fresh record high, Dow continues winning streak for 6th day. M&As in the lithium s…

Santa rally lifts ASX to 4-mth peak closing 1.2% higher

29 Dec 2021 - The ASX climbed to a 4-month high and extended its gains for the 5th day led by a rise in every sector thanks to gains in miners and banks. Traders returned back from…

ASX up 1% at noon, Michael Hill soars 14% on jewellery snap up, 48 companies trade ex-div tomorrow

29 Dec 2021 - The ASX is off to an encouraging start after coming back from a Christmas break. The moves followed a choppy finish on Wall St with the Dow as the outperformer. The m…

Stocks of the Hour: Whispir, The Agency Group, Harmoney

29 Dec 2021 - A snapshot of the stocks on the move featuring Whispir (ASX:WSP), The Agency Group (ASX:AU1), and Harmoney (ASX:HMY).

Wall St mixed led by losses in tech, UBS rates Pexa as buy: ASX to rise

29 Dec 2021 - Wall St closes mixed after strong gains the day prior amid US CDC cuts isolation period from 10 days to 5 days. The ASX is ready to play catch up rally. UBS initiated…

Stocks of the Hour: AMP, Universal Biosensors, Family Zone Cyber Safety

24 Dec 2021 - A snapshot of the stocks on the move featuring AMP (ASX:AMP), Universal Biosensors (ASX:UBI), and Family Zone Cyber Safety (ASX:FZO).

S&P 500 closes at record highs on Wall St rally, Link rated as Hold: ASX to rise

24 Dec 2021 - Wall St surges for 3rd day on a holiday shortened week amid fresh inflation data and rate hike expectations. Morgans rates Link Administration (ASX:LNK). ASX closes a…

NIB & Medibank unveils delay in premium hike: ASX surges for 3rd day closes 0.3% higher

23 Dec 2021 - The much hoped Santa rally is here with a three day gain by the local bourse with a shortened trading day tomorrow as Christmas is around the corner. The local bourse…

Dexus (ASX:DXS) to bank $555m from Parramatta & Sydney CBD office sale

23 Dec 2021 - Property manager giant Dexus Property Group (ASX:DXS) has unveiled its plans to offload its stake in two office buildings in Parramatta and Sydney CBD with proceeds t…

Medibank (ASX:MPL) pauses April 2022 premium hike

23 Dec 2021 - Medibank (ASX:MPL) unveiled its plans to return around $135 million in Covid-19 permanent net claims savings to customers, by deferring next year's premium increases …

Prime Media (ASX:PRT) agrees to $132m takeover by Seven West

23 Dec 2021 - Prime Media (ASX:PRT) shareholders gave enormous support in the $132 million takeover bid from Seven West Media (ASX:SWM) with 99.9% approving the deal.

Xero (ASX:XRO) snaps up TaxCycle on $75.7m spree

23 Dec 2021 - Accounting platform provider Xero (ASX:XRO) has inked a deal to buy Canadian rival TaxCycle for $75.7 million (C$70 million).

Costa (ASX:CGC) inks new leases adjusting 2022 earnings

23 Dec 2021 - Costa Group (ASX:CGC) has flagged to investors that 2022’s earnings is slated to be $5 million higher while net profit after tax is set to be $6.4 million underpinned…

Crown Resorts (ASX:CWN) slapped with $1m fine over junkets

23 Dec 2021 - Embattled Crown Resorts (ASX:CWN) has been slapped with a $1 million by the Victorian Commission for Gambling and Liquor regulator relating to historical non-complian…

Bega falls on profit warning, Centuria snaps up 38 facilities, Magellan recoups: ASX up 0.2% at noon

23 Dec 2021 - The ASX lived up to the SPI futures rallying at the open, touching as high as 0.4 per cent following a two-day rally on Wall St. Volumes are on the lighter side as we…

Stocks of the Hour: Bega Cheese, Syrah Resources, Evolution Mining

23 Dec 2021 - A snapshot of the stocks on the move featuring Bega Cheese (ASX:BGA), Syrah Resources (ASX:SYR), and Evolution Mining (ASX:EVN).

Wall St rides sleigh for 2nd day, Pilbara Minerals rated as outperform: ASX to rise

23 Dec 2021 - Muted performance around the globe ahead of Christmas. US & UK GDP mixed. ASX ekes out gain for 2nd day as M&As dominate headlines, while buy-the-dip players rescued …

Spark Infrastructure (ASX:SKI) to delist from ASX today as Board resigns

23 Dec 2021 - A management shake-up in Spark Infrastructure’s board (ASX:SKI) after delisting today saw the company’s new private owners, a consortium led by Kohlberg Kravis Robert…

Stocks of the Hour: Rio Tinto, Flight Centre Travel, Praemium

22 Dec 2021 - A snapshot of the stocks on the move featuring Rio Tinto (ASX:RIO), Flight Centre Travel Group (ASX:FLT), and Praemium (ASX:PPS).

Wall St surges on easing Omicron woes, Rio rated as Outperform: ASX to rise

22 Dec 2021 - Global major indexes around the globe rally on easing Omicron concerns. Credit Suisse cuts equities weighting on Omicron & policy risks. Rio Tinto (ASX:RIO) rated as …

Stocks of the Hour: AMP, Magellan Financial, Australian Clinical Labs

21 Dec 2021 - A snapshot of the stocks on the move featuring AMP (ASX:AMP), Magellan Financial (ASX:MFG), and Australian Clinical Labs (ASX:ACL).

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