Market News

Bitcoin has surged past the US$80,000 mark for the first time, reaching A$122,894 on Sunday. This historic high comes as investor confidence soars following Trump’s re-election. Bitcoin’s 80% gain in 2024 far exceeds the S&P 500’s 25.7% rise this year. The rally began during the lead-up to the election. Trump’s policies signal a significant departure […]

Silk Logistics Holdings (ASX:SLH) has entered into a Scheme Implementation Deed with DP World Australia Limited for the acquisition of 100% of its issued share capital through a scheme of arrangement. The proposed transaction values Silk’s equity at approximately $174.5m, with shareholders set to receive cash consideration of $2.14 per share, less any dividends declared

Prospech (ASX:PRS) has announced further assay results from the ongoing program of sampling and assaying of the historic drill core from holes completed in the 1950s, 60s and early 70s. A total of 307 samples from 25 holes are reported. Shares are trading 14.29 per cent higher at 3.2 cents. Hera Med (ASX:HMD) has received

Following a scoping phase, Fonterra Co-operative Group (ASX:FSF), a global dairy giant headquartered in New Zealand, has decided to proceed with a sale process to divest its global consumer businesses, including Fonterra Oceania and Fonterra Sri Lanka. The initiative was first announced in May 2024. The objective is to streamline operations and concentrate on the company’s

Stockland Corporation (ASX:SGP) has upgraded its earnings guidance for FY25. This follows the completion of all regulatory approvals for the acquisition of 12 masterplanned residential communities from Lendlease (ASX:LLC) through the Stockland Supalai Residential Communities Partnership. Valued at approximately $1.06bn, the acquisition is expected to be finalised in the second quarter of FY25, pending relevant

Iress (ASX:IRE) has confirmed that the Emergency Services Superannuation Board (ESSSuper) has initiated civil proceedings against the company and its subsidiary, Financial Synergy Holdings Pty Ltd. The legal action, filed in the Federal Court, centres on an existing dispute related to a Platform Services Agreement between the two parties. Specific details of the claims have

Endeavour Group (ASX:EDV) has released an F25 first quarter trading update. The company reported stable sales for the quarter. Sales for the 14-week period ending 6 October 2024 totalled $3.1bn, up slightly from $3.09bn in the same period last year. Endeavour is a leader in the retail and hospitality sectors. It owns prominent retail brands like

Pexa Group (ASX:PXA) has released its first-quarter update for FY25. Total transaction volumes processed by Pexa’s flagship Exchange platform reached 999,000, marking a 3% increase from the prior corresponding period.  Pexa operates a digital platform that automates and streamlines property exchange and settlement processes, making real estate transactions more efficient and secure. Since its launch in

The stock market reached fresh record highs on Friday, with the Dow and S&P 500 marking their best week in a year following Donald Trump’s election victory. The Dow Jones Industrial Average gained 259.65 points, or 0.59 per cent, closing at 43,988.99. During the session, the blue-chip index briefly surpassed 44,000 for the first time

Incitec Pivot (ASX:IPL), a leading manufacturer and distributor of fertilisers, industrial chemicals, and explosives, has reported a net loss of $311m for the financial year ending 30 September 2024, a sharp reversal from its $560m profit the prior year. This shift was primarily due to $712m in non-cash impairments related to its global fertilisers business