MYD
Director Trades
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Company News
Woodside to supply LNG to Europe, Woolworths’ bid for MyDeal approved and Santos receives more CCS permits
Australia-based Woodside Energy (ASX: WDS) has inked a long-term deal 12 cargoes of liquefied natural gas (LNG) from January 2023 to German utility Uniper – in a bid to cut Europe’s reliance on Russian supplies. Uniper was Europe’s former largest buyer of Russian gas, but Russia President Vladimir Putin has threatened to turn off the […]
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 […]
‘Twiggy’ Forrest returns to take Fortescue reins, Woolworths buys majority stake in MyDeal and rain hits Boral profits
Fortescue Metals Group (ASX: FMG) has announced its founder Dr Andrew “Twiggy” Forrest will step in as interim boss when outgoing chief executive officer Elizabeth Gaines concludes her tenure in August. The change comes as the mining giant attempts a mass shake-up of its leadership team. As executive chairman, the mining billionaire will once again […]
Woolworths rings up $243m docket for majority stake in MyDeal
Woolworths Group (ASX: WOW) has rung up a $243 million bill to acquire a majority 80% stake in retail marketplace MyDeal.com.au (ASX: MYD). The transaction is expected to enhance the supermarket giant’s online capabilities and complement its existing businesses. Under the terms of a scheme implementation agreement, Woolworths has offered MyDeal an all-cash consideration of […]
ASX-listed online retailers were not all created equal
Ongoing lockdowns as a result of the global pandemic may be a boon to online commerce, but don’t presume the unprecedented tide of spending on the part of captive shoppers has lifted all of the ASX-listed ‘boats’. In reality, performance has been varied and it remains to be seen how the sector fares in the […]
Online marketplace MyDeal to list on ASX in $260 million IPO
One e-commerce company gaining significantly from the pandemic-driven online shopping boom is MyDeal, which now plans to debut on the Australian Securities Exchange to help grow its online retail marketplace mydeal.com.au. The Australian online household goods retailer sold more than 1 million products during the last financial year, generating $103 million in gross transaction value […]