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Infrastructure and real estate
REA Group's (ASX:REA) Sweetened Bid for Rightmove Boosts Stock as Analysts Signal Progress
September 24, 2024 12:01 PM AEST| By Team Kalkine MediaShares of REA Group (ASX:REA), Australia’s leading property listing firm, rose by as much as 1.4% to AU$196.65 on 24 September 2024, following news of its revised bid for Britain's property platform, Rightmove (LSE:RMV). The new proposal, worth £6.1...
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REA Group (ASX:REA) share price jumps 11% YTD. Here’s why.
September 18, 2024 02:47 PM AEST| By Team Kalkine MediaREA Group Ltd (ASX:REA) has shown impressive performance in 2024, with its share price rising more than 11% year-to-date, outpacing the broader market's 7% increase as measured by the S&P/ASX 200 index (ASX: XJO). Brokers are particularly bullish on...
Lendlease Group (ASX:LLC) share price drops 58% in five years. Here’s why.
September 18, 2024 10:44 AM AEST| By Team Kalkine MediaLendlease Group (ASX:LLC) has experienced a notable 32% increase in its share price over the past quarter, offering some hope to investors. However, this recent rally doesn't erase the challenges the company has faced in the long term. Over the past...
Rightmove Rejects Acquisition Proposal from REA Group
September 11, 2024 10:24 AM AEST| By Team Kalkine MediaREA Group's Proposal to Acquire Rightmove,REA Group Ltd (ASX:REA), the Australian digital real estate platform, has faced a setback in its attempt to acquire UK-based property listings company, Rightmove plc (LSE:RMV). The proposal aimed to create a...
Scentre Group (ASX:SCG) Shares Hit Highest Level Since 2020 Following AU$900mn. Here’s Why.
September 09, 2024 03:25 PM AEST| By Team Kalkine MediaScentre Group (ASX:SCG), the Australian property giant and operator of Westfield shopping centres, saw its shares rise by as much as 1% to AU$3.535 in recent trading, marking their highest point since 27 February 2020. The stock’s upward movement com...
REA Group (ASX: REA) Considers Acquisition of Rightmove: A Strategic Move for Global Expansion
September 02, 2024 11:26 AM AEST| By Team Kalkine MediaREA Group (ASX: REA), Australia's leading property technology firm, is exploring the possibility of acquiring Rightmove, the UK’s dominant property portal. This potential move could significantly expand REA's international footprint and enhance its g...
SiteMinder Disappointing Earnings Report Sends Shares Down
August 29, 2024 04:21 PM AEST| By Team Kalkine MediaSiteMinder Limited (ASX:SDR) recently released its annual financial results, but the reaction from shareholders was less than enthusiastic. The company's stock tumbled 5.7% to AU$4.92 within a week of the announcement. The downturn in share price ref...
Elanor Investors Group Suspends Trading and Cancels Dividend Amid Financial Reassessment
August 23, 2024 01:29 PM AEST| By Team Kalkine MediaElanor Investors Group (ASX: ENN) has requested a trading suspension on the Australian Securities Exchange (ASX) and announced the cancellation of its dividend. This move is part of the company's strategy to stabilize its financial position amid ongo...
Fletcher Building (ASX:FBU) Faces Challenges Amidst Economic Pressures
August 21, 2024 11:42 AM AEST| By Team Kalkine MediaFletcher Building (ASX:FBU) has confirmed significant losses for the fiscal year ending June 30, with the departure of the CEO, chair, and several key directors signaling that the results are even worse than initially expected.,As a result, there wil...
Ingenia Communities (ASX:INA) Surges 7% on ASX After Strong FY24 Results Despite Profit Decline
August 20, 2024 02:20 PM AEST| By Team Kalkine MediaIngenia Communities Group (ASX:INA), a prominent player in the ASX 200 real estate sector, is witnessing a notable rise in its share price, up over 7% to AU$5.45 as of Tuesday. This surge follows the company’s announcement of its fiscal year 2024 (FY...
Dexus (ASX:DXS) Faces AU$1.58 Billion Loss as High Interest Rates Crush Property Portfolio Value
August 20, 2024 01:36 PM AEST| By Team Kalkine MediaAustralia’s prominent office landlord, Dexus (ASX:DXS), has reported a staggering annual loss of AU$1.58 billion for the year ending June 30, 2024, significantly surpassing market expectations. This marks a substantial deterioration from the previous...
Vicinity Centres (ASX:VCX) Acquires 50% Stake in Lakeside Joondalup Shopping Centre for $420 Million
August 20, 2024 09:58 AM AEST| By Team Kalkine MediaVicinity Centres (ASX:VCX) has expanded its retail property portfolio by acquiring a 50% share in Lakeside Joondalup Shopping Centre for $420 million. This strategic investment reinforces Vicinity's focus on enhancing its footprint in premium retail...
Goodman Group (ASX:GMG) Shares Decline Despite Strong FY 2024 Results and Robust Performance
August 15, 2024 12:44 PM AEST| By Team Kalkine MediaGoodman Group (ASX:GMG) is seeing its share price come under pressure on Thursday morning, with a decline of nearly 1.5% to AU$34.70. This drop follows the release of the company’s financial results for the fiscal year 2024 (FY 2024), which were anno...
Acciona Energia (ASX:ACX) Warns Against Abandoning 2030 Energy Transition Targets
August 14, 2024 11:14 AM AEST| By Team Kalkine MediaAcciona Energia (ASX:ACX) has issued a strong statement urging Australia not to forgo its 2030 energy transition targets. The company argues that abandoning these ambitious goals would squander Australia’s significant advantages in the global push to...
Mirvac (ASX:MGR) Group Faces Investor Sell-Off After FY 2024 Results
August 08, 2024 03:33 PM AEST| By Team Kalkine MediaMirvac Group (ASX:MGR), a key player in the S&P/ASX 200 Index, is grappling with a significant drop in its share price following the release of its full-year results for FY 2024. After closing at AU$2.11 yesterday, Mirvac's share price plummeted to A...
Mirvac Forecasts Lower Earnings for FY25 Amid Rising Costs
August 08, 2024 01:28 PM AEST| By Team Kalkine MediaMirvac Group,(ASX: MGR),, a prominent property developer, investor, and fund manager, has projected a decline in earnings and distributions for the financial year 2025, attributing the anticipated downturn to increasing costs that are affecting margi...
Lifestyle Communities (ASX: LIC) Shares Plunge on Withdrawal of Forward-Looking Outlook
July 19, 2024 10:52 AM AEST| By Team Kalkine MediaShares of Lifestyle Communities (,ASX: LIC,) experienced a dramatic slump on Friday, dropping as much as 14.57% to AU$9.44 during early morning trading hours, reaching their lowest point in nearly four years. This significant decline positions the co...
ASX 200 Real Estate Player Lifestyle Communities (ASX: LIC) Faces Turbulence Amid Legal Challenges
July 15, 2024 03:36 PM AEST| By Team Kalkine MediaThe ASX 200 real estate sector is grappling with significant turbulence today, with Lifestyle Communities Ltd (,ASX: LIC,) witnessing a sharp decline in its share price amid legal woes. As of early afternoon trade on Monday, shares of Lifestyle Commu...
Mirvac Group's (ASX: MGR) Strategic Office Sale Receives Positive Analyst Response
July 01, 2024 12:51 PM AEST| By Team Kalkine MediaMirvac Group (,ASX: MGR,) has garnered favourable attention from analysts following its decision to sell a 66% stake in its 55 Pitt Street Sydney office property.,Analyst Upgrade and Market Reaction,Citi analysts have upgraded Mirvac Group to a "buy"...
LendLease Group (ASX: LLC) Shares Surge Following U.S. Military Housing Business Sale
July 01, 2024 12:08 PM AEST| By Team Kalkine MediaShares of the real estate firm LendLease Group (,ASX: LLC,) surged by as much as 2.77% on Monday to AU$5.56 apiece, marking their biggest percentage gain since 31 May if the current trend holds. This rise brings the stock to its highest level since 1...
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