Market News

Fund Manager Chris Pedersen talks about where to look for growth, looks at ASX100 Aug winners and ASX100 Aug losers, and takes a look at AMP (ASX:AMP), Woodside (ASX:WDS) and GUD Holdings (ASX:GUD).

Market punters can rest easy now as the sale of a block stake in Viva Energy (ASX:VEA), Australia’s second oil refinery and petrol (Shell) group, has been completed. The Swiss parent company has announced its intention to retain its remaining 30% shareholding “in the short to medium term.” On Tuesday, VEA shares experienced a more

In a unanimous verdict, the High Court has delivered a significant blow to Qantas (ASX:QAN) and its attempts to justify the sacking of more than 1,680 employees at the height of the pandemic. The High Court’s decision also questions the tactics of former CEO Alan Joyce and the Qantas board in using the pandemic as

Melbourne billionaire Ralph Geminder is taking his Pact (ASX:PGH) packaging group private after conceding that there was very little investor support for the stock. The packaging group’s shares traded as high as $4.55 in 2021 but have since plummeted to just 68¢ due to losses, asset sales, and impairments. At the 2021 price, the company

The latest Australian job numbers, to be released on Thursday, will be closely scrutinized to assess whether the surprising job losses in July have been recovered in August and to what extent. The Australian Bureau of Statistics (ABS) reported that in July, the jobless rate rose to 3.75% following a 35,600 increase in unemployment and

At noon, the S&P/ASX 200 is 0.48 per cent lower at 7,172.30. Oil prices recently surged to a 10-month high but have stabilised, with West Texas Intermediate trading at around $89 per barrel. This increase was driven by forecasts from OPEC and the US, indicating that production cuts will tighten the oil market in the

Chimeric Therapeutics (ASX:CHM) announced the execution of a clinical study agreement with The University of Texas MD Anderson Cancer Center to support the “ADVENT-AML” Phase 1B study, for patients with newly diagnosed Acute Myeloid Leukaemia. In response, Jason B Litten, MD, Chief Medical Officer, stated, “By combining CHM 0201 with the current standard of care

With the US economy showing signs of accelerating growth despite rising interest rates, Chris Bedingfield discusses the impact of shelter costs in driving disinflation. August saw a significant pivot in the global macroeconomic landscape. Since the mini-banking crisis in March (remember that?), market expectations for the US economy have moved from a hard landing to

Air New Zealand’s (ASX:AIZ) growing problems with Pratt and Whitney engines on some of its airliners appear to be worse than initially estimated and could have an impact on Trans-Tasman travel. In a statement released on Wednesday morning, the airline announced that travelers should anticipate “significant” scheduling changes in the coming months due to engine

Whether you’re a chocolate lover who proudly flaunts their sweet tooth or discreetly savors the occasional chocolate treat, the delectable world of cocoa is under threat. Be it a snack bar, a sprinkle on your cappuccino, a luscious mousse, or a trio of Easter eggs, chocolate is the world’s most cherished delight. However, this indulgence