NATIONAL AUSTRALIA BANK ORD
Weekly Wrap: Markets edge as Rio-Glencore talks spark change in mining bid
Rio Tinto slides 6% on Glencore all-stock merger talks; BlueScope up 2% after rejecting a $30 offer. ASX 200 drifts -0.1% as deal news dominates.
Handful of large companies are driving the record-breaking share market rally
If you look at the solid share market rallies in both Australia and the United States, one factor really stands out. Both rises have been powered by a small number of shares that have really taken off – Nvidia and the rest of the tech giants in the US market and Commonwealth Bank (ASX: CBA) […]
Citi downgrades Australia’s big four banks on lower rate cut expectations and valuation concerns
Global investment bank Citi downgraded its recommendations for ANZ (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA), National Australia Bank (ASX: NAB) and Westpac (ASX: WBC) this week after diminishing rate cut expectations exposed significant downside risks. It said any chance of a cut was progressively being pushed out, leaving banks exposed to poor earnings […]
NAB names Andrew Irvine as new CEO, bringing global experience to Australian banking
National Australia Bank (ASX: NAB) has announced that banking executive Andrew Irvine will assume the role of group chief executive officer and managing director in April. A British-Canadian dual citizen, Mr Irvine holds a bachelor of science (hons) in business management and commerce from King’s College London and a master of business administration from Western […]