Mercury Capital Acquires Bauer Media | ASX Market Update

  • Jun 17, 2020 AEST
  • Team Kalkine

BHP has hired biotech CSL's finance boss, David Lamont, who will return to the mining giant. Mr Lamont will take up the chief financial officer role from December and join BHP's executive team after almost five years at CSL. Incumbent Peter Beaven will continue at the miner until November.

German publishing giant Bauer Media will make a dazzling exit from Australia after eight turbulent years, offloading its local magazine division to a private equity firm. A deal was struck last night for Mercury Capital to acquire the portfolio of magazines, including iconic titles The Australian Women’s Weekly, New Idea and Woman’s Day. Bauer Media entered the market in 2012 with the mammoth purchase of ACP Magazines, formerly owned by the Packer family, for $525 million.

Copper prices climbed overnight as the Federal Reserve's latest move to provide further support for the US economy helped to boost sentiment, but gains were capped by worries about prospects for demand in top consumer China. Benchmark copper on the London Metal Exchange was up 0.3 per cent at $US5,722 a tonne at 1604 GMT from an earlier high of $US5,836 a tonne.

#BHP #covid19 #Australia #Kalkine

 


Disclaimer
The video has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above video is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK