ASX 200 & All Ords Make Solid Gains – Closing In On 52 Wk Highs
The Australian stock market showed a positive trend at the market’s close on Monday. The ASX 200 ended the day on a higher note with a gain of 0.49% as the All Ords ended above 8,100, up 0.48%. This uptick in the key index is a sign of investor confidence in a variety of sectors…
Renewable Push: RBM Secures Wind Energy PPA (ASX: RIO)
Richards Bay Minerals (RBM), a Rio Tinto (ASX: RIO) company, has embarked on a significant stride towards renewable energy by inking a 20-year power purchase agreement (PPA) with a new 140-MW wind farm in South Africa. The milestone agreement will aid RBM in powering its mining operations while reducing carbon emissions. The wind farm, known…
IAG Shares (ASX:IAG) Dip As Firm Is Hit with Class Action Lawsuit
Insurance Australia Group (IAG), one of the leading insurance companies, is facing a significant class action lawsuit filed by Slater and Gordon lawyers. The legal action has been initiated over allegations that the insurer engaged in misleading, deceptive, and unconscionable conduct. IAG shares (ASX:IAG) dropped 3.12% today as the stock price descends from the 52…
Xero Shares (ASX: XRO) Up Big Thursday on Stellar Earnings Report
In a significant development for Australian stocks, Xero Limited (ASX: XRO), a prominent player in cloud-based accounting software, has witnessed its shares climb 8.74% following the disclosure of its FY24 earnings. The company’s impressive performance was highlighted by a 75% increase in adjusted EBITDA, reaching NZ$527 million, coupled with a noteworthy 22% rise in revenue…
IC Markets Integrates With TipRanks for Enhanced Research Tools
IC Markets, one of the world’s largest Forex CFD providers, has partnered with TipRanks, a premier provider of investment research tools. This partnership is aimed at enhancing investment and trading research capabilities for IC Markets’ clients, providing them access to TipRank’s sophisticated tools. Aligned with IC Markets’ 16-year commitment to making trading more accessible to…
BHP Teams Up with Kingsrose for Nordic Exploration
Kingrose Mining share price (ASX: KRM) added more than 20% in trading on Wednesday as news of a partnership with BHP emerges. BHP (ASX: BHP), one of the world’s leading multinational mining companies, and Australian junior miner Kingsrose Mining (ASX: KRM) have announced a significant alliance as the two companies publicized the signing of two…
Telix (ASX:TLX) Advances in Prostate Cancer Treatment
Telix Pharmaceuticals (ASX: TLX) has reached a significant milestone with the successful completion of the CUPID study, a Phase I trial focused on its investigational drug TLX592 for advanced prostate cancer patients. Telix Pharmaceuticals share price has risen 71.90% in the last 6months and has added a further 2.53% in today’s session. The announcement has…
Bellevue Gold Shares (ASX: BGL) Have Added 60% In 12 Months, We Take A Look
Bellevue Gold shares (ASX:BGL) have taken holders on a upward curve over the past 12 months, adding 60.32% during a period where demand for gold, and the price of the commodity itself has gone on to reach record highs. With such an ascent for the metal, it is no surprise to see those involved in…
ASX 200 Closes on a 1.65% High as All Ords adds 1.61% – Highlighting Strong Performers
The ASX200 ended the day on a positive note, with the benchmark index closing at 7,881.3 points as the All Ords (XAO) closed out marginally above 8,150. The rise marked substantial gains of 1.65% and 1.61% respectively and reflects a broad uptrend in the market. Investors saw a mix of significant gains among top performers…
Are Mergers and Acquisitions the Solution to Copper Supply Challenges?
In the face of a looming copper shortage crucial for the global energy transition, Mark Bristow, CEO of Barrick Gold (NYSE: GOLD), has openly expressed skepticism regarding the effectiveness of mergers and acquisitions (M&A) as a solution to the deficit. According to Bristow, the current consolidation wave, exemplified by BHP’s (ASX: BHP) potential $39 billion…
