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Market Insights and Finance News

Afterpay (ASX:APT) deal faces delays by Spanish bank
The shareholders’ meeting for Afterpay (ASX:APT) slated for next week to seal the $39 billion takeover deal from US payments…
Former RBA Chief Glenn Stevens to chair Macquarie (ASX:MQG)
Former Reserve Bank governor Glenn Stevens will pick up the baton from Peter Warne who will step down from the…
Fashion giant Premier (ASX:PMV) zips up sales as stores reopen
Fashion retailer Premier Investments (ASX:PMV) has seen sales recover over the first half of the new financial year despite lockdowns…
Woolworths (ASX:WOW) unveils surprise $872m bid for Priceline owner
Supermarket giant Woolworths (ASX:WOW) has emerged as a rival buyer for Priceline owner API (ASX:API) with a $870 million offer,…
Wall St losses accelerate after first Omicron case in US, Autosports rated as a buy: ASX to tumble
Wall St fell with stocks closing at session lows following the first case of the new variant identified in California.…
Miners lift, Consumer staples fall: ASX closes 0.3% lower
The Australian sharemarket jumped around in the afternoon session before easing back some of its losses in the last hour…
Stocks of the Hour: Codan, Charter Hall Retail & CBA
Codan (ASX:CDA) plans to purchase UK’s Broadcast Wireless Systems (BWS) for an upfront payment of $3.7 million. Codan’s subsidiary Domo…
Omicron, Inflation, China Property, WSP, CCP, AFG
Companies discussed include: Whisper Limited (ASX:WSP) Credit Corp Group (ASX:CCP) Australian Finance Group (ASX:AFG)
CBA (ASX:CBA) sells 55% stake in Colonial First State
Commonwealth Bank (ASX:CBA) has sold a 55 per cent stake in Colonial First State (CFS) to global investment firm KKR.…
Sep qtr GDP falls 1.9%, ProMedicus drops 6%: ASX down 0.8% at noon
The Australian sharemarket opened lower and has fallen further in the late morning. At noon, the S&P/ASX 200 is 0.8…
Codan (ASX:CDA) acquires UK Broadcast Wireless Systems
Metal detection and wireless communication business Codan (ASX:CDA) has planned to purchase the UK-based company, Broadcast Wireless Systems (BWS) for…
Charter Hall REIT (ASX:CQR) acquires Ampol servos & upgrades guidance
Charter Hall Retail REIT (ASX:CQR) is set to acquire a 49 interest in 20 Ampol Fuel & Convenience retail centres…
Crown Resorts (ASX:CWN) names new chairman
Casino operator Crown Resorts (ASX:CWN) has officially appointed Dr Ziggy Switkowski as its new chairman following the receipt of all…
Wall St tumbles on taper fears amid Omicron woes, Worley rated as a buy: ASX to fall
Global indexes tumbled on concerns of vaccine efficacy against the Omicron variant amid the Federal Reserve Chair’s hawkish tone. The…
MinRex Resources (ASX:MRR) expands lithium portfolio, November 2021
MinRex Resources Limited (ASX:MRR) Non-Executive Director George Karageorge provides an update on the company’s gold and base metals projects in…

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