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Stocks
NAM Board Supports Olam Agri's 75¢ Per Share Acquisition Proposal Amid Takeover Battle
September 20, 2024 03:00 PM AEST| By Team Kalkine MediaNamoi Cotton Limited (ASX: NAM) has announced that its board of directors has unanimously recommended shareholders accept the takeover bid from Olam Agri, valuing the company at 75 cents per share. This decision follows an intense bidding war between...
ALC Unveils Ambitious Growth Strategy to Double Sales by 2028
September 20, 2024 02:59 PM AEST| By Team Kalkine MediaArcadium Lithium (NYSE: ALTM), a leading player in the global lithium market, has announced plans to more than double its total sales volumes by 2028, as part of an expansive growth strategy revealed during its recent investor day. This ambitious tar...
Australian Technology Sub-Index (AXIJ) Soars to Record High Following U.S. Rate Cut
September 20, 2024 02:41 PM AEST| By Team Kalkine MediaThe Australian technology sub-index (AXIJ) has experienced a significant surge, jumping as much as 1.4% to reach a record high of 3,673.8 points. This remarkable increase reflects overnight gains on Wall Street, buoyed by the U.S. Federal Reserve's r...
Myer Holdings (ASX:MYR) Shares Plunge 12% Amid Profit Drop and Dividend Cuts
September 20, 2024 02:35 PM AEST| By Team Kalkine MediaShares of Myer Holdings (ASX:MYR) experienced a sharp decline on Friday, plummeting as much as 12% to reach their lowest levels in over a month. This drastic drop followed the announcement of a significant decrease in the retailer's annual profit, al...
CSL Ltd (ASX:CSL) Announces Leadership Changes: John Levy Steps in as Interim CFO
September 20, 2024 02:27 PM AEST| By Team Kalkine MediaCSL Ltd (ASX:CSL), a global leader in biotechnology, has announced significant leadership changes within its financial department. John Levy will assume the role of Interim Chief Financial Officer (CFO), while Joy Linton, the outgoing CFO, transition...
Regis Resources (ASX:RRL) Shares Rise 4% on Friday, Here's Why?
September 20, 2024 01:51 PM AEST| By Team Kalkine MediaShares of Australia’s Regis Resources (ASX:RRL) surged as much as 3.6%, reaching AU$6.04, marking their highest point since early February 2016. This increase reflects the stock’s largest intraday gain since September 13 and positions it for a potent...
Sandfire Limited Discovers Promising Mineralisation at Sesmarias Prospect
September 20, 2024 01:50 PM AEST| By Team Kalkine MediaSandfire Limited,(ASX: SFR),has made noteworthy strides at its Sesmarias Prospect in Portugal, showcasing strong evidence of extended mineralisation. This development is particularly significant for investors focused on the long-term copper thematic,...
Kelsian Group (ASX:KLS) Shares Rise 3% on Major U.S. Contract Win
September 20, 2024 01:47 PM AEST| By Team Kalkine MediaShares of Kelsian Group (ASX:KLS) experienced a notable uptick, rising as much as 2.8% to AU$4.11, positioning the company for its best day since September 11, should these gains hold. This positive momentum comes in response to significant news rega...
Woolworths (ASX:WOW) Shareholders Push for Divestments to Refocus on Core Australian Market
September 20, 2024 01:45 PM AEST| By Team Kalkine MediaInvestors in Woolworths Group Ltd (ASX:WOW) are likely feeling the strain as the supermarket operator faces a challenging year. The Woolworths share price has dipped by 5% in 2024 and is down over 6.5% in the past 12 months, contrasting sharply with...
Westar Completes Mindoolah Field Campaign After Divesting Non-Core Assets
September 20, 2024 01:25 PM AEST| By Team Kalkine MediaWestar Resources,(ASX: WSR),has recently marked a significant milestone in its exploration endeavors by completing a comprehensive field campaign at the Mindoolah Mining Centre project, located in Western Australia. This initiative involved thorough...
Coles Group (ASX:COL) Shares Inch Higher as Bell Porter Rates Stock 'Buy'
September 20, 2024 01:13 PM AEST| By Team Kalkine MediaShares of Australian grocer Coles Group (ASX:COL) experienced a modest rise in early trading, climbing 0.2% to AU$19.22 per share. This uptick comes in the wake of a new rating from brokerage Bell Porter, which has designated the stock as a 'Buy' and...
What’s Behind Share Price Rally of Australia’s Sims Ltd (ASX:SGM)?
September 20, 2024 01:09 PM AEST| By Team Kalkine MediaSims Ltd (ASX:SGM) has seen its stock price rise as much as 2.3%, reaching AU$12.68 and marking its highest level since April 4. This positive movement follows a series of upward revisions by Macquarie, which has increased its earnings estimates for...
Australian Mining Sub-Index (AXMM) Hits Highest Level Since August 28
September 20, 2024 01:06 PM AEST| By Team Kalkine MediaThe Australian mining sub-index .AXMM has experienced a notable uptick, rising by as much as 0.9% to reach its highest level since August 28. This surge is primarily fueled by positive market sentiment surrounding iron ore and other key metals, which...
Australian Energy Sub-Index (AXEJ) Reaches Highest Level In a Month
September 20, 2024 01:02 PM AEST| By Team Kalkine MediaThe Australian energy sub-index .AXEJ has seen a notable uptick, gaining as much as 0.9% to hit its highest point since September 5. This rally puts the sub-index on track for its fourth consecutive session of gains, a promising trend that investors...
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Sims (ASX:SGM) Share Price Surges 13% Following FY25 Trading Update
September 20, 2024 01:21 AM AEST| By Team Kalkine MediaThe share price of Sims Ltd,(ASX:SGM),has surged by 13% following the company’s latest trading update for FY25. Sims, recognized as a global leader in metal recycling and circular solutions for technology, has reported a promising outlook despite fac...
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NIB Holdings Reports Best Results Since ASX Listing
September 20, 2024 01:17 AM AEST| By Team Kalkine MediaNIB Holdings Ltd (ASX:NHF) has showcased its robust financial performance, highlighting policy growth and margin targets as crucial elements driving shareholder value. The company reported notable increases in revenue, Underlying Operating Profit (UO...
Health Check: Cann Group Experiences Earnings Turnaround Amidst Challenges
September 20, 2024 01:13 AM AEST| By Team Kalkine MediaCann Group (ASX: CAN), a pioneer in the medical cannabis sector, is signaling a turnaround after facing significant challenges. The company, which posted a $13.2 million loss for the 2023-24 financial year, is targeting a return to underlying earning...
Dynamic Metals Expands Gold Exploration Efforts at Widgiemooltha Project
September 20, 2024 01:03 AM AEST| By Team Kalkine MediaDynamic Metals Ltd,(ASX: DYM),has made notable strides in its gold exploration initiatives at the Widgiemooltha Project, located in Western Australia. Managing Director Karen Wellman recently spoke with Proactive’s Tylah Tully, elaborating on the com...
Globe Metals & Mining Granted 12-Month Extension for Kanyika Mine Development in Malawi
September 20, 2024 12:52 AM AEST| By Team Kalkine MediaGlobe Metals & Mining Ltd,(ASX: GBE),has successfully obtained a 12-month extension from the Malawi Government for the commencement of mine development at its Kanyika Niobium Project. This extension offers the company additional time to align its dev...
AMP (ASX:AMP) Shares Experience Remarkable Turnaround
September 19, 2024 03:39 PM AEST| By Team Kalkine MediaThe share price of AMP Ltd (ASX:AMP) has shown a remarkable recovery since late November, recently closing at AU$1.315 and trading at AU$1.34 in early afternoon on Thursday, reflecting a 1.9% increase. This surge comes as the S&P/ASX 200 Index (ASX:...
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