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Market Insights and Finance News

APM (ASX:APM) to acquire physiotherapy group Lifecare
APM Human Services International (ASX:APM) has entered into a binding agreement to acquire physiotherapy and home care group Lifecare. The…
Stocks of the Hour: Woolworths, Coles, Premier Investments
Supermarket giant Woolworths (ASX:WOW) has emerged as a rival buyer for Priceline owner Australian Pharmaceutical Industries with a $870 million…
Tech rout ASX slams afternoon rally: ASX closes 0.2% lower
The Australian sharemarket managed to find its footing though edged lower after nerves mounted on the Omicron strain. The local…
Aristocrat (ASX:ALL) is one step closer to UK Playtech
Gaming giant Aristocrat Leisure (ASX:ALL) is one step closer to sealing the deal to buy UK online gaming platform Playtech,…
Watchdog takes Coles (ASX:COL) to court on $115m in unpaid wages
The Fair Work Ombudsman is taking Coles (ASX:COL) to court alleging the supermarket giant underpaid 7,800 staff last year by…
Woolies $870m rival bid for Priceline owner, Afterpay delays takeover deal: ASX down 0.7% at noon
The Australian sharemarket has lived up to what the SPI expected though managed to keep its losses around under the…
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.…

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