Market News

Omni Bridgeway (ASX:OBL) has signed a framework agreement with Ares Management (NYSE:ARES) to establish a “continuation fund” (essentially a repackaging of older funds), referred to as “Fund 9”. This new fund is valued at around $600m. As part of the deal, Ares will acquire a 70% stake in Fund 9 for an upfront cash payment […]

Clarity Pharmaceuticals (ASX:CU6) has expanded its cancer treatment pipeline with the development of a novel radiopharmaceutical called “SAR-bisFAP”. This new product is designed for both diagnosis and treatment, and has possible “pan-cancer opportunity”. What’s in a name? Radiopharmaceuticals combine two components: a radioactive isotope and a targeting molecule. The targeting molecule directs the isotope to

Insignia Financial (ASX:IFL) has rejected a non-binding, indicative takeover proposal from Bain Capital, saying that the offer did not reflect the company’s fundamental value. The proposal, announced on 13 December 2024, sought to acquire 100% of Insignia’s shares via a scheme of arrangement. Insignia’s board, after consulting with financial advisers Citigroup and Gresham Advisory Partners,

The US stock market has seen a historic shift, with the Dow Jones Industrial Average recording its first nine-day losing streak since 1978. The index fell 267 points, or 0.61%, to close at 43,449.90 on Tuesday. While the broader market remains strong — with the S&P 500 and Nasdaq both near record highs — the

The US stock market has seen a historic shift, with the Dow Jones Industrial Average recording its first nine-day losing streak since 1978. The index fell 267 points, or 0.61%, to close at 43,449.90 on Tuesday. While the broader market remains strong — with the S&P 500 and Nasdaq both near record highs — the

Tamboran Resources (ASX:TBN) and Daly Waters Energy have entered into binding agreements with APA Group (ASX:APA), Australia’s largest gas pipeline operator, to develop the Sturt Plateau Pipeline (SPP). The pipeline will support the proposed natural gas Shenandoah South Pilot Project, in which Tamboran and Daly Waters Energy are joint venture partners. The 37km pipeline will connect

Larvotto Resources (ASX:LRV) has reported final results from its reverse circulation drilling program at the Clarks Gully deposit, which is part of the company’s Hillgrove Gold-Antimony Project in New South Wales. The results indicate the potential for resource expansion, with high-grade intercepts discovered beyond the current resource boundaries. The program, which included 59 drill holes

Vysarn (ASX:VYS) has finalised its acquisition of CMP Consulting Group, effective from 1 December 2024. The completion follows a Share Sale Agreement initially announced on 13 September 2024. CMP Consulting Group is an engineering firm specialising in the water industry. Vysarn provides water services and related infrastructure support to the mining, industrial and utilities sectors. 

Oil and gas producer Karoon Energy (ASX:KAR) has halted production at the Baúna oil field off the coast of Brazil. This follows the failure of two anchor chains on the floating production storage and offloading (FPSO) vessel Cidade de Itajaí. On 11 December 2024, the company and FPSO operator Altera&Ocyan implemented a controlled shutdown as a

Alpha HPA (ASX:A4N) has reached Contractual Close for a $400m debt funding package to support Stage 2 of its HPA First Project in Gladstone, Queensland. The funding, structured as a limited-recourse project finance deal, is being jointly provided by the Northern Australia Infrastructure Facility (NAIF) and Export Finance Australia (EFA). The debt package is split