Fortescue Ramps Up Green Hydrogen Investment
Fortescue Metals Group (ASX:FMG) has announced its intention to bolster investment in green energy technology. Despite recent challenges that have led to a recalibration of its production targets, the mining juggernaut remains steadfast in its pursuit of zero-emissions hydrogen as a cornerstone of its sustainability agenda. The share price is now down more than 30%…
Macquarie Group Shares (ASX: MQG) Dip Amid Q1 Shake-Up
In the initial quarter of the financial year 2025, Macquarie Group Ltd (ASX: MQG) exhibited a mixed performance that resulted in a noticeable dip in its share price. Thursday’s trading session saw the company’s shares fall by 3.14%. This decline arrived despite Macquarie showing resilience through some of its core operations Macquarie’s annuity-style businesses, which…
Paladin Energy Shares (ASX: PDN) Dip Post Update
Paladin Energy shares (ASX: PDN) have fallen by 11% over the past 5 trading sessions, as the release of its quarterly update failed to get markets going. The shares closed at $12.05, marking a decrease a little over 3%. During the quarter, the company celebrated a significant milestone with the Langer Heinrich uranium mine in…
All Ords Closes Back Above 8200
In a sharp contrast to recent days, the ASX 200 staged a modest rebound, rising 39.4 points to close up 0.50%. The resurgence was led by remarkable performances in the technology, consumer discretionary, and health care sectors. The All Ords also performed well on the day, up 0.52% to outperform the 200. At the forefront…
Fortescue Realigns Priorities as it Enters Third Decade
As Fortescue Metals Group (ASX: FMG) marks its 21st year in operation, the mining giant is demonstrating a shift in strategy, with a new focus on more conventional green energy projects. This realignment suggests a maturation in the company’s approach towards its ambitious clean energy goals. Founded by billionaire Andrew Forrest, Fortescue has indicated that…
National Australia Bank Shares (ASX: NAB) Up At Multi-Year Highs
National Australia Bank shares (ASX: NAB) continue it’s bullish momentum, with 1.04% gains on the day bringing the YTD appreciation to 22.39%. With the stock closing out the day at 37.77, this marks out new 52 week highs, and levels not seen since 2008.. This impressive milestone underscores the bank’s robust standing in the ASX…
CBA Overtakes BHP as Largest Market Cap firm on ASX
In a significant shift in the Australian stock market, the Commonwealth Bank of Australia (CBA) has surpassed BHP to become the most valuable company listed on the Australian Securities Exchange (ASX). This change marks a noteworthy development in the financial landscape, reflecting contrasting fortunes of two of Australia’s most prominent companies. With BHP’s downturn amounting…
ASX Miners Continue Downward Trend
Large cap miners are sitting in negative territory on the year, with BHP down 14%, RIO 14.47%, and Fortescue (FMG) 23.14% in the red YTD. Mining shares on the ASX 200, including industry stalwart BHP Group Ltd (ASX: BHP), experienced significant downturns on Tuesday, in part influenced by the release of disappointing second-quarter results from…
Rio Tinto Eyes $32 Billion Teck Resources Takeover
In a significant move that could reorient the global mining landscape, Anglo-Australian mining titan Rio Tinto (ASX: RIO) is understood to be considering a takeover of Canadian mining heavyweight Teck Resources (NYSE: TECK). With a mooted value exceeding $30 billion, and possibly reaching as high as $32 billion, this potential acquisition is poised to become…
Zip Co Shares (ASX: ZIP) Shed 7% as Company Rejoins ASX 200
Zip Co shares (ASX: ZIP), the renowned buy now pay later (BNPL) provider, have experienced a decline on Monday’s trading session. Despite the news of the company’s return to the ASX 200 index, investors witnessed the share price drop by 7.08% to a price of $1.58. This takes more than $100million off the market of…
