Northern Star Resources Share Price Target Trimmed
Northern Star Resources shares (ASX: NST) are coming off a 5 day decline of 8.03%, having earlier set about looking to retest the $18 level. With the second attempt to pass this resistance failing, the focus moves back to fundamentals after a recent buyback reduced the float. In other news, RBC Capital Markets cut it’s…
Allianz Australia Finalizes A$642 Million Deal with RAA
Allianz Australia has entered into a significant partnership with the Royal Automobile Association of South Australia (RAA) through a transaction valued at A$642 million (US$416 million). This strategic move involves the purchase of RAA’s general insurance business and secures an exclusive 20-year distribution agreement, focusing on home and motor insurance products. Allianz Global shares in…
COSOL Shares Gain (COS) as Toustone Acquired for $22.4 Million
COSOL shares (ASX:COS) gained 5.73% in trading today, as the company announced its acquisition of Toustone Pty Ltd, a data analytics company based in Australia, for an amount of up to $22.4 million. This strategic move underlines COSOL’s intent to amplify its capabilities in asset management and data analytics and moves the share price green…
ANZ Forecasts Rate Hike Delay to 2025
ANZ Bank (ASX: ANZ) has made a significant shift in its interest rate forecast, now indicating that the Reserve Bank of Australia (RBA) may not lower interest rates until May 2025. This adjustment brings ANZ’s prediction in line with its peers among the nation’s largest banks, including the National Australia Bank and Westpac, presenting a…
All Ords, & ASX 200 Hits New High
The Aussie share market set new benchmarks today, reaching an all-time high on both the ASX 200, and the All Ords, as gains in the healthcare and finance sectors bolstered investor sentiment. The ASX 200 Index added 0.45%, finishing the day at 8444.3 points, as the All Ords closed out exactly at 8,700 for a…
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…
