Markets

Markets
Daniel Newell

APM set to confirm horror year for earnings and profit

Struggling takeover target APM has confirmed a staggering slump in full-year earnings and profit, with both key measures set to just scrape into already-downgraded guidance ranges.

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A recent uptick in holdings by exchange-traded funds is also aiding upward momentum. 
Markets
Mark Burton, Jack Wittels and Nick Bartlett

Gold hits record on Trump bounce, bets on Fed rate pivot

Gold hit a record high as hopes for Federal Reserve rate cuts grow and some traders ramped up bets on a second Donald Trump presidency. 

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The leading socks index surged beyond 8000 points on Monday.
updated
Markets
Daniel Newell

ASX200 a sea of green as index breaches record 8000 points

A shotgun start to this week’s trading has seen Australia’s ASX200 index cross the 8000-point threshold for the first time, fuelled by renewed hopes the US could soon start cutting interest rates.

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The emergence of political violence may deepen concern about instability in the US and push investors into haven assets.
Markets
Sydney Maki and Elena Popina

Global markets ramp up the ’Trump trade’ after rally attack

As world financial markets started to reopen after the attempted assassination of Donald Trump, one thing seemed likely: The Trump trade will get even more momentum. 

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Incitec Pivot’s new CEO Mauro Neves de Moraes
Business
Sean Smith

Explosives maker Incitec Pivot blows up $1b sale talks

Incitec Pivot has quit protracted negotiations to sell its fertilisers arm to an Indonesian company, adding another chapter to a frustratingly drawn out plan to build a future as a pure explosives play.

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bitcoin, blockchain, cryptocurrency
Markets
Richard Henderson and Georgina McKay

Perth’s DigitalX wins second ASX Bitcoin ETF listing

Perth-based blockchain company DigitalX will launch a Bitcoin exchange-traded fund on Australia’s main stock market after becoming the second asset manager to win approval for such a product from the bourse.

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Top 10 stocks by traded volume.
Markets
Raizinvest.com.au

The Aussie companies rocketing up share trading leaderboard

The end of FY24 has seen some big movers and shakers in share trading. Here’s our pick of the best.

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The National Australia Bank’s Zodia stake shows cryptocurrency could be back on the agenda.
Markets
raizinvest.com.au

NAB makes big move in cryptocurrency space

Cryptocurrency had its heyday when you could barely open a financial page without someone spruiking the latest in the technology, but it seems there is still some life in it.

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Fortescue founder Andrew Forrest.
Markets
Simone Grogan

Fortescue share price slumps amid block trade reports

Fortescue shares have slumped amid reports a $1 billion sell-down was afoot late on Monday, dragging down the Andrew Forrest-founded business’ share price by more than 4 per cent.

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Fisher & Paykel Optiflow Trace interface for anesthesia.
Markets
raizinvest.com.au

The leading healthcare stock surging to new heights

One of the ASX’s leading healthcare stocks has returned to its 52-week highs as investors pile in after its May earnings results. 

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Michael Anghie, APM group chief executive. Ross Swanborough
Business
Daniel Newell

Struggling APM accepts ASX exit plan with $1.3b buyout

APM has laid out its escape plan from the ASX, which will come less than three years after an entry to the market that delivered a huge windfall for its Perth founders but has since disappointed investors.

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CEO Michael Anghie, Disability employment services provider APM Is holding its first annual general meeting since listing on the ASX.
Business
Daniel Newell

APM seals a deal at fraction of disastrous $3.3b listing

APM will emerge from a trading halt as early as Monday to announce it has done a deal with a private equity backer that values the beleaguered group at a fraction of its $3.3 billion listing price.

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Business
Daniel Newell

Embattled APM in halt ahead of buyout update

Struggling employment and disability services provider APM could be just days away from revealing it has struck a $1.3 billion-plus buyout deal.

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Lendlease chair Michael Ullmer
Business
Neale Prior

Lendlease bows to pressure and quits overseas misadventure

Lumbering property giant Lendlease has bowed to investor pressure and will try to offload its offshore construction operations as part of a $4.5 billion-plus asset shift.

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Wesfarmers CEO Rob Scott has banked $6m from the sell-down of stock.
Business
Sean Smith

Bunnings, Kmart boss pockets $6m after selling 89k shares

Rob Scott, the man in charge of brands such as Bunnings and Kmart, has pocketed more than $6 million from a sell-down of his shareholding.

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