CBA Shares Pull Back From Highs as Price Discovery Continues
The Commonwealth Bank of Australia share price (ASX: CBA) pulled back 3.55% today, having initially failed to hold the break above $160. With CBA coming off new all-time-highs, a period of price discovery can be healthy, and can often take place around psychologically relevant levels. The rounded $160 number seems to be where the next…
Peabody (NYSE: BTU) Secures Anglo American’s (LON:AAL) Australian Coal Assets
In a significant transaction within the coal industry, US-based Peabody Energy (NYSE: BTU) has negotiated the purchase of Anglo American’s (LON:AAL) steelmaking coal mines in Australia. The deal, amounting to US$3.8 billion (A$5.8 billion), marks a major expansion of Peabody’s operations and reinforces its position in the coal market. The acquisition encapsulates a strategic shift…
SG Fleet Shares Boosted By Takeover Bid
SG Fleet shares (ASX: SGF) end the new week up 18.35%, on news that the vehicle fleet management company has attracted interest from a prominent private equity firm. Pacific Equity Partners (PEP) has put forth a non-binding, indicative proposal to purchase all of the outstanding shares of SG Fleet at the rate of $3.50 per…
WiseTech Shares (WTC) Pull Back From Highs on Disappointing Guidance
WiseTech Global shares (ASX: WTC) have taken a rare pullback from the recent uptrend today, as the WTC price fell by 12.37%. This decline followed the release of the company’s less-than-expected future revenue and earnings outlook during its Annual General Meeting (AGM), and comes hot on the heels of a recent new 52 week high….
Fidelity Life Welcomes New Board Chair
Fidelity Life, New Zealand’s premier fully locally owned life insurance company, has recently announced a significant addition to its leadership team. The company proudly revealed the appointment of Scott Pickering as the chair of its board, marking a new chapter in its corporate governance. Scott Pickering brings on board a wealth of experience and is…
Amcor Shares Up on Mega-Merger with Berry Global
Amcor plc (NYSE: AMCR), a key player in the packaging industry, has announced a definitive merger agreement with Berry Global Group Inc. (NYSE: BERY), setting the stage for one of the industry’s most significant consolidations. Renowned law firm Kirkland & Ellis is advising Amcor on this strategic move. This all-stock transaction will reshape the packaging…
IC Markets Global and World Table Tennis (WTT) Renew Partnership for Another Thrilling Season.
IC Markets Global is proud to announce the renewal of its partnership with World Table Tennis (WTT), reaffirming its role as the Official CFD Trading Partner for the 2024-2025 season. This collaboration underscores shared values of precision, speed, and excellence, further strengthening the bond between one of the world’s largest CFD brokers and the global…
Rio Tinto Boosts Stake in ERA with Rights Issue
Global mining giant Rio Tinto PLC (ASX: RIO) has fully exercised its entitlements in the recently concluded rights issue of Energy Resources of Australia Ltd (ERA), marking a significant step in its strategy to oversee the rehabilitation of the Ranger Project Area in Australia’s Northern Territory. By partaking in the rights issue, Rio Tinto has…
Domino’s Pizza Shares Get Buffet Boost (DMP/ DPZ)
In a notable move within the investment world, Berkshire Hathaway, the conglomerate spearheaded by the legendary Warren Buffett, has disclosed a substantial investment in Domino’s Pizza during the third quarter of 2024. According to recently released information, Berkshire has acquired a significant number of shares in the pizza company. The revelation of Berkshire’s new stakes…
Palantir Strengthens AI Ties with Rio Tinto
In a significant stride toward advancing its data-driven operations, Palantir Technologies Inc. (NYSE:PLTR) has revitalized its partnership with the mining giant Rio Tinto Group. This renewed multi-year enterprise agreement, extended this month for an additional four years, reinforces the synergy between the cutting-edge analytics of Palantir and Rio Tinto’s expansive operational infrastructure. Underpinning this alliance…
