A2 MILK COMPANY ORD
Australia’s major banks raise rates, Flight Centre reopens 35 stores and Perpetual rejects $1.7b takeover
Australia’s four major banks, Commonwealth Bank (ASX: CBA), National Australia Bank (ASX: NAB), Australia and New Zealand Banking Group (ASX: ANZ), and Westpac (ASX: WBC) have announced increases to home loan rates by 25 basis points this month. The move follows the Reserve Bank of Australia’s hike, seventh in as many months, which raised the […]
Atlas Arteria acquires Chicago Skyway stake, KKR-led takeover of Ramsay collapses and Lynas faces water shortage
Toll road operator Atlas Arteria (ASX: ALX) will acquire a 66.7% stake in the Chicago Skyway in Illinois for US$2 billion (A$2.9 billion). Atlas Arteria confirmed the acquisition along with details of an equity raise to come “in due course,” which will go towards funding the deal. Experts believe the Chicago Skyway has 81 years […]
Woodside’s half-year profit surges, WiseTech responds to media speculation and A2 Milk rebuilds Chinese daigou community
Woodside Energy (ASX: WDS) unveiled a 417% surge in its first-half profit (H1 FY2022), on the back of strong operational performance, surging oil and gas prices, and its acquisition of BHP Group’s (ASX: BHP) petroleum business. The gas producing giant’s underlying net profit after tax hit US$1.82 billion for the six months to 30 June […]
Stanmore buys Mitsui’s stake in QLD coal venture, IDP Education appoints new CEO and Santos purchases pipeline route
Stanmore Resources (ASX: SMR) has announced it will buy Mitsui & Co’s remaining 20% stake in BHP Mitsui Coal (now renamed Stanmore SMC) the company’s joint venture with BHP Group (ASX: BHP), for an estimated $380 million. The Australia-based resources company plans to fund the purchase through internal resources, which comes after it agreed on […]