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Market updates
Defence Support Selects Adarga’s AI Software to Deliver Enhanced Information Analysis
September 23, 2024 09:55 PM AEST| By Business WireLONDON--(BUSINESS WIRE)--Adarga, the leader in AI-driven information intelligence, has been awarded a contract with Defence Support, part of the UK’s Strategic Command. Defence Support has selected A...
Market Highlights: Gold Surpasses US$2,600; Uranium Stocks Surge Following Constellation-Microsoft Nuclear Agreement
September 23, 2024 07:06 PM AEST| By Team Kalkine MediaThe ASX is set to retreat from Friday’s record highs as concerns grow among investors regarding the Reserve Bank's potential delay in rate cuts until next year, despite actions taken by other central banks. As of 8 a.m. AEST, the SPI ASX200 futures c...
ASX Market Update: ACCC Takes Action Against Woolworths and Coles as Beston Enters Administration | September 23, 2024
September 23, 2024 06:59 PM AEST| By Team Kalkine MediaThe ASX200 index is experiencing a decline of approximately half a percent, with Consumer Staples stocks leading the downturn. This decline comes amid ongoing scrutiny from the Australian Competition and Consumer Commission (ACCC) against major retai...
Aussie Companies Position Themselves in the Battery Metals Market
September 23, 2024 06:26 PM AEST| By Team Kalkine MediaAustralian companies South32 Limited,(ASX: S32),and Element 25 Limited,(ASX: E25),are making strides in the battery metals marketplace, particularly in high purity manganese sulfate (HPMSM) projects in the United States. This initiative aligns with e...
Microsoft’s Nuclear Deal Boosts Uranium Miners
September 23, 2024 03:30 PM AEST| By Team Kalkine MediaUranium miners saw a surge in their stock prices on Monday following a significant deal by Microsoft (NASDAQ: MSFT) to revive the U.S.-based Three Mile Island nuclear plant. Under the terms of the agreement, Microsoft will purchase 100% of the plant'...
Lumos Diagnostics Hits Milestone in Premature Birth Test Development
September 23, 2024 12:41 PM AEST| By Team Kalkine MediaLumos Diagnostics Holdings Limited (ASX:LDX) has achieved a key milestone as part of its development agreement to produce a next-generation foetal fibronectin (fFN) test. This diagnostic tool is designed to predict a pregnant woman's risk of pre-term...
Johns Lyng Group Expands Market Reach with 87.5% Acquisition of Keystone Group
September 23, 2024 12:21 PM AEST| By Team Kalkine MediaJohns Lyng Group (ASX:JLG) has strengthened its market position through the acquisition of a controlling stake in Keystone Group, a Queensland-based insurance repair company. This strategic move involves the acquisition of 87.5% of Keystone, which op...
Legal Action Against Coles (ASX: COL) and Woolworths (ASX: WOW) Over Misleading Pricing Claims
September 23, 2024 12:04 PM AEST| By Team Kalkine MediaColes Group Ltd,(ASX: COL),and Woolworths Group Ltd,(ASX: WOW),are facing significant legal challenges as the Australian Competition & Consumer Commission (ACCC) initiates separate court proceedings against the two major retailers. The ACCC alleges t...
WOOLWORTHS AND COLES FACE SIGNIFICANT STOCK DECLINES AMID ACCC LAWSUIT
September 23, 2024 11:35 AM AEST| By Team Kalkine MediaShares in Australian supermarket giants Woolworths Group Ltd (ASX: WOW) and Coles Group Ltd (ASX: COL) are experiencing one of their most challenging trading days of 2024 following the announcement that the Australian Competition and Consumer Commiss...
Traders Reduce Expectations for Reserve Bank of Australia (RBA) Rate Cut This Year
September 23, 2024 11:27 AM AEST| By Team Kalkine MediaTraders have adjusted their expectations regarding potential interest rate cuts by the,Reserve Bank of Australia (RBA),, significantly lowering the likelihood of rate relief before the year's end. Current money market indicators suggest a,63%,chance...
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IRON ORE PRICES DECLINE AS MARKET REACTS TO CHINESE CENTRAL BANK DECISION
September 23, 2024 11:26 AM AEST| By Team Kalkine MediaIron ore prices commenced the week on a downward trend, driven by investor reactions to the recent decision by the People's Bank of China (PBOC) to maintain its interest rates. This decision came as a surprise to markets, which had anticipated that C...
ACCC ALLEGES SIGNIFICANT BREACHES BY SUPERMARKETS
September 23, 2024 11:25 AM AEST| By Team Kalkine MediaThe Australian Competition and Consumer Commission (ACCC) has raised serious concerns regarding alleged breaches of consumer law by two major supermarket chains. ACCC chairwoman Gina Cass-Gottlieb characterized these violations as “significant breach...
S&P 500 SET TO REACH NEW HEIGHTS, STRATEGISTS PREDICT
September 23, 2024 11:24 AM AEST| By Team Kalkine MediaMarket strategists are optimistic that the,S&P 500,(INDEX: SPX) is on track to reset its record high multiple times in the coming months. This bullish outlook is largely attributed to the Federal Reserve's recent pivot towards cutting interest rates,...
US DOLLAR'S STRENGTH REMAINS ROBUST, ACCORDING TO GOLDMAN SACHS
September 23, 2024 11:22 AM AEST| By Team Kalkine MediaGoldman Sachs' foreign currency team has stated that the recent decision by the Federal Reserve (Fed) to cut interest rates by half a percentage point is likely to extend the strength of the US dollar (USD). The Fed's action is seen as a strategy to...
ASX SET TO DECLINE FROM RECORD HIGH; AUSTRALIAN DOLLAR REACHES US68¢
September 23, 2024 11:21 AM AEST| By Team Kalkine MediaThe Australian sharemarket is anticipated to experience a downturn from its recent record highs, as investor sentiment dims over concerns that the Reserve Bank of Australia (RBA) may delay interest rate cuts further into the coming year. Futures data...
WORLEY SECURES FIVE-YEAR CONTRACT WITH PETROLEUM DEVELOPMENT
September 23, 2024 11:20 AM AEST| By Team Kalkine MediaWorley Limited (ASX: WOR), a leading global engineering group, has announced the awarding of a significant five-year contract to provide essential services in the northern concession areas of Petroleum Development Oman (PDO). This partnership undersc...
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FLETCHER BUILDING ANNOUNCES $641 MILLION EQUITY RAISING
September 23, 2024 11:19 AM AEST| By Team Kalkine MediaFletcher Building Limited (NZX: FBU), a leading construction and building materials company based in New Zealand, has launched an equity raising initiative aimed at generating approximately NZ$700 million (USD $641 million). This comprehensive capita...
HEARTLAND GROUP HOLDINGS APPOINTS ANDREW DIXSON AS NEW CEO
September 23, 2024 11:18 AM AEST| By Team Kalkine MediaHeartland Group Holdings Limited (NZX: HGH), a prominent New Zealand-based financial services provider, has announced the appointment of Andrew Dixson as its new Chief Executive Officer (CEO), effective October 1, 2024, pending non-objection from the...
OIL PRICES END WEEK HIGHER AMID FED RATE CUTS AND SUPPLY CONCERNS
September 23, 2024 11:16 AM AEST| By Team Kalkine MediaOil prices wrapped up the week with a second consecutive gain, buoyed by a combination of U.S. Federal Reserve rate cuts and tightening supply conditions. Although oil futures settled lower on Friday, both Brent crude and West Texas Intermediate (WTI...
TELIX PHARMACEUTICALS ACQUIRES RLS USA IN $338 MILLION DEAL
September 23, 2024 11:12 AM AEST| By Team Kalkine MediaTelix Pharmaceuticals Limited (ASX: TLX), a prominent oncology company specializing in radiopharmaceuticals, has announced its acquisition of RLS (USA), Inc. for $338 million (USD 230 million). This strategic move significantly expands Telix’s footpr...
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