This Month
Santos will sack 200 people as project delays spoil returns
The reliance on new projects such as Barossa in the Timor Sea takes on greater importance at Santos, where many of its legacy assets are being depleted.
January
ASX closes firm, worst day for Nanosonics
Shares edge up; US stocks break record high; Nanosonics misses guidance; BWP and Newmark in $3.5b merger; Woodside record output. Follow updates here.
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November 2023
ASX ends flat as large caps help offset declines in tech, real estate
Nvidia outlook sparks tech stocks to fall. Origin, CSL counterbalance declines in tech and real estate. Healius shares hit 20-year low. Follow updates here.
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October 2023
ASX edges up; miners sink; Inghams surges
Shares advance at the closing bell; Treasury Wine to buy California winemaker; Inghams rallies on positive guidance; Bank of Japan slightly loosens grip. Follow updates here.
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ASX’s last-day gains fail to offset a second week of declines
ASX closes its second weekly in the red. Tech stocks hit after Nasdaq rout. Producer prices jump on oil and energy costs Follow here for more
ASX hits 2023 low; Azure rallies 43pc; Westpac drops
Shares fall at market close; US tech stocks dive after earnings shortfall from Alphabet; Westpac’s Ellis tips RBA to raise cash rate on Cup day; SQM to buy Azure for $1.6 billion; Fortescue makes slow start on push for fifth iron ore export record. Follow here for more.
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ASX rises; Lynas, Zip shares climb; Ansell drops
Shares finish higher as investors shrugged off wild movements in the bond market; Ansell says pandemic unwind still has a way to go; Bitcoin leaps through $US31,000. Follow updates here.
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ASX drops to one-year low as South32 disappoints
Shares tumble; Judo seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; bond yields at 12-year highs; Immutep with positive trial results; Propel Funerals rejects buy offers.
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Sell-off sends ASX back below 7000, tech stocks lead losses
Shares post their worst one-day performance in four weeks as Biden departs Israel. Unemployment eases to 3.6 per cent in September. Follow for updates here.
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ASX rises; Whitehaven rallies 12pc; Credit Corp slumps
Better than expected China GDP pushed shares higher; Woodside narrows production guidance; Whitehaven set to buy BHP’s Queensland coal auction; Cettire doubles revenue. Follow updates here.
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ASX closes higher as tech stocks rally; Bapcor sinks 11pc
Australian shares snap two-day losing streak. RBA members note that “further tightening of policy may be required”. Follow updates here.
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ASX falls; Fletcher Building shares plunge; gold stocks jump
Shares drop at the closing bell; SkyCity CEO and Qantas Loyalty chief resign; Liontown on halt; Magellan to convert Global Fund to open-ended; Gregg named Westpac chairman; Treasury launches 2054 bond. Follow updates here.
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July 2023
King’s Regal banks $7m in performance fees
The manager recorded $1.1 billion in inflows over the year, including $200 million in the past quarter into a private credit fund and a separate energy strategy.
Chemist Warehouse billionaire wades into Bubs stoush
Jack Gance, in a letter to shareholders this week, urged investors to turf the infant formula company’s board at a meeting scheduled for later this month.
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Luck and the street smile on Jumbo Interactive
A hot and cold year for jackpots has dimmed enthusiasm for lotteries reseller Jumbo Interactive, but a simple price increase will turn its fortunes around, analysts say.
Bond markets signal honeymoon ahead for Bullock
If the bond markets are right, then Michele Bullock may be presiding over popular rate cuts when she takes charge of the RBA in September.
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Gold miner St Barbara’s balance sheet brightens
St Barbara achieved 260,368 ounces of gold over the 2023 financial year, against the 265,000 ounces that marked the upper end of its guidance.
Incitec Pivot confirms fertilisers approach
Incitec Pivot confirmed inbound interest in the fertilisers business which was earmarked for a spin-off from the broader group.
Magellan fund’s hold on institutional investors shrinks to $5b
Macquarie appears to disagree with activist Sandon Capital’s assessment that Magellan could be worth up to $15 a share, cutting its price target to $7.25.
Pinnacle claims $55m in second-half performance fees
The fund manager is entitled to gross fees of $54.8 million in the June half, but warned times are tough for wealth managers.
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