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Company News
Syrah halts Mozambique operations, Santos to sell 5% PNG LNG stake and Core Lithium targets first spodumene shipments by year-end
Syrah Resources (ASX: SYR) has halted operations at its Balama graphite mine in Mozambique over ‘illegal industrial action’ taking place at the site involving workers and contractors. The company exited a trading halt on Monday after confirming the news that “a small contingent of local employees and contractors” had raised safety concerns at Balama. Syrah […]
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 […]
Ventia awarded NZ road maintenance contract, CSL to acquire Vifor Pharma and A2 Milk closer to exporting to US
Ventia Services (ASX: VNT) has been awarded a road maintenance contract by Auckland Transport for New Zealand’s Auckland West region. The contract term is for five years and is set to commence on 1 September and generate a base value of NZ$220 million across the initial term. It has an option to be extended for […]
Ramsay Health Care receives takeover bid, Westpac fined again, iron ore giants miss production targets
Investors in Ramsay Health Care (ASX: RHC) are buoyant this week after news was released global private equity giant KKR & Co Inc have launched a $20 billion takeover of the institution. Since news of the deal broke, shares in Ramsay have risen just over 24% to sit at $80. A group of investors, led […]
Where to buy defensive stocks at the right price
If the coronavirus were an Olympic athlete, it would be smashing the best-ever marathon time by taking a sneaky short cut, or else heaving to a weightlifting record with a belly full of steroids. Yep – the vexatious virus is not playing by the rules, which puts paid to the notion that ‘recovery’ stocks such […]
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