Market updates


 ACCC ALLEGES SIGNIFICANT BREACHES BY SUPERMARKETS

ACCC ALLEGES SIGNIFICANT BREACHES BY SUPERMARKETS

September 23, 2024 11:25 AM AEST| By Team Kalkine Media

The 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

S&P 500 SET TO REACH NEW HEIGHTS, STRATEGISTS PREDICT

September 23, 2024 11:24 AM AEST| By Team Kalkine Media

Market 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

US DOLLAR'S STRENGTH REMAINS ROBUST, ACCORDING TO GOLDMAN SACHS

September 23, 2024 11:22 AM AEST| By Team Kalkine Media

Goldman 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¢

ASX SET TO DECLINE FROM RECORD HIGH; AUSTRALIAN DOLLAR REACHES US68¢

September 23, 2024 11:21 AM AEST| By Team Kalkine Media

The 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

WORLEY SECURES FIVE-YEAR CONTRACT WITH PETROLEUM DEVELOPMENT

September 23, 2024 11:20 AM AEST| By Team Kalkine Media

Worley 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...

 FLETCHER BUILDING ANNOUNCES $641 MILLION EQUITY RAISING

FLETCHER BUILDING ANNOUNCES $641 MILLION EQUITY RAISING

September 23, 2024 11:19 AM AEST| By Team Kalkine Media

Fletcher 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

HEARTLAND GROUP HOLDINGS APPOINTS ANDREW DIXSON AS NEW CEO

September 23, 2024 11:18 AM AEST| By Team Kalkine Media

Heartland 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

OIL PRICES END WEEK HIGHER AMID FED RATE CUTS AND SUPPLY CONCERNS

September 23, 2024 11:16 AM AEST| By Team Kalkine Media

Oil 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

TELIX PHARMACEUTICALS ACQUIRES RLS USA IN $338 MILLION DEAL

September 23, 2024 11:12 AM AEST| By Team Kalkine Media

Telix 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...

 AUSTAL SECURES $220 MILLION DEAL WITH U.S. NAVY

AUSTAL SECURES $220 MILLION DEAL WITH U.S. NAVY

September 23, 2024 11:10 AM AEST| By Team Kalkine Media

Austal Limited (ASX: ASB), a global defense shipbuilding company, has announced a new contract worth $220 million (USD 152 million) with the United States Navy. This contract is aimed at providing critical support for the delivery of one Columbia-cla...

 HEALIUS TO SELL LUMUS IMAGING FOR $800M, PLANS TO REDUCE DEBT

HEALIUS TO SELL LUMUS IMAGING FOR $800M, PLANS TO REDUCE DEBT

September 23, 2024 11:09 AM AEST| By Team Kalkine Media

Healius Limited (ASX: HLS), a prominent player in the Australian pathology and diagnostic imaging sector, has announced the sale of its Lumus Imaging business to funds managed by Affinity Equity Partners for an enterprise value of $965 million. This...

 REA GROUP MAKES THIRD BID FOR BRITAIN'S RIGHTMOVE

REA GROUP MAKES THIRD BID FOR BRITAIN'S RIGHTMOVE

September 23, 2024 11:07 AM AEST| By Team Kalkine Media

REA Group (ASX: REA), a prominent property listings company backed by News Corp (NASDAQ: NWS), has made a renewed bid to acquire UK-based property platform Rightmove (LSE: RMV). The latest offer values Rightmove at £6.1 billion ($11.9 billion), or £7...

 Australia’s Most Powerful Deal Makers in 2024

Australia’s Most Powerful Deal Makers in 2024

September 23, 2024 10:54 AM AEST| By Team Kalkine Media

The landscape of capital markets in Australia during 2024 reveals a complex interplay of optimism and caution. Although significant capital reserves exist among the country's leading private equity firms, the anticipated rebound in deal-making has la...

 ASX 200 Decline Expected Amid Key Updates: RBA Meeting, Inflation Data, and Corporate Developments

ASX 200 Decline Expected Amid Key Updates: RBA Meeting, Inflation Data, and Corporate Developments

September 23, 2024 10:01 AM AEST| By Team Kalkine Media

The ASX 200 is forecasted to experience a downturn, with futures down 0.8% to 8190 points, following last week's record highs. A range of important economic events and corporate updates are expected to influence market movements.,The Australian Compe...

 ASX Market Update: Marginal Gains Expected as Investors Await RBA Decision

ASX Market Update: Marginal Gains Expected as Investors Await RBA Decision

September 23, 2024 09:45 AM AEST| By Team Kalkine Media

The ASX200 is projected to open 0.11% higher today, building on Friday’s record close of 8209.5 points. Investors are focused on the upcoming Reserve Bank of Australia (RBA) meeting this week, with attention centered on potential developments in the...

 ASX 200 Expected to Fall, S&P 500 Retreats, Gold and Uranium Stocks Climb

ASX 200 Expected to Fall, S&P 500 Retreats, Gold and Uranium Stocks Climb

September 23, 2024 09:43 AM AEST| By Team Kalkine Media

As of 8:30 am AEST, the ASX 200 futures are trading 68 points lower, down 0.83%, indicating a potential downturn in today's session.,Market Update,Last Friday, the stock market appeared to pause after an extended rally, driven by expectations of rate...

 Rio Tinto Chairman Warns Mining Deals Won’t Solve Supply Crisis

Rio Tinto Chairman Warns Mining Deals Won’t Solve Supply Crisis

September 23, 2024 09:34 AM AEST| By EODHD

(Bloomberg) -- The world needs more mines to cope with rising demand for key energy-transition metals like copper, as mergers and acquisitions will not plug a looming supply gap, Rio Tinto Group Chair...

 Australia's REA sweetens takeover offer for Britain's Rightmove to $8.1 billion

Australia's REA sweetens takeover offer for Britain's Rightmove to $8.1 billion

September 23, 2024 09:12 AM AEST| By EODHD

(Reuters) - Australian property listing firm REA Group said on Monday Britain's largest real estate portal Rightmove had rejected its sweetened 6.1 billion pounds ($8.12 billion)cash-and-stock takeove...

 Australia Alternative Lending Market Databook 2024 - Draft Legislation to Bring BNPL Services Under the Existing Regulatory Framework for Credit Products - ResearchAndMarkets.com

Australia Alternative Lending Market Databook 2024 - Draft Legislation to Bring BNPL Services Under the Existing Regulatory Framework for Credit Products - ResearchAndMarkets.com

September 21, 2024 05:41 AM AEST| By Business Wire

DUBLIN--(BUSINESS WIRE)--The "Australia Alternative Lending Market Business and Investment Opportunities Databook - 75+ KPIs on Alternative Lending Market Size, By End User, By Finance Model, By Payme...

 Murdoch-backed REA sweetens offer for UK's Rightmove to nearly $7.9 billion, FT reports

Murdoch-backed REA sweetens offer for UK's Rightmove to nearly $7.9 billion, FT reports

September 21, 2024 03:33 AM AEST| By EODHD

(Reuters) - Australia's REA Group has made a second takeover proposal for Britain's largest real estate portal, Rightmove, valuing the business at close to 5.9 billion pounds ($7.86 billion), the Fina...

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