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Stocks of the Hour: Woolworths, Coles, Premier Investments
December 02, 2021 05:59 - 1 minute - 1000 KB02 Dec 2021 - A snapshot of the stocks on the move, featuring Woolworths (ASX:WOW), Coles (ASX:COL), and Premier Investments (ASX:PMV).
Watchdog takes Coles (ASX:COL) to court on $115m in unpaid wages
December 02, 2021 04:55 - 1000 KB02 Dec 2021 - The Fair Work Ombudsman is taking Coles (ASX:COL) to court alleging the supermarket giant underpaid 7,800 staff last year by $115 million. The claim alleged that underpayments happened between 1 January 2017 and 31 March 2020 for staff who worked in regional and metropolitan areas across the nation as they worked extra hours than they were contracted.
Aristocrat (ASX:ALL) is one step closer to UK Playtech
December 02, 2021 04:30 - 1000 KB02 Dec 2021 - Gaming giant Aristocrat Leisure (ASX:ALL) is one step closer to sealing the deal to buy UK online gaming platform Playtech, after shareholders in the UK listed firm gave its nod of approval to sell its financial trading division, Finalto to Gopher Investments.
Afterpay (ASX:APT) deal faces delays by Spanish bank
December 02, 2021 00:40 - 1000 KB02 Dec 2021 - The shareholders’ meeting for Afterpay (ASX:APT) slated for next week to seal the $39 billion takeover deal from US payments giant Square has been delayed. The date has been pushed back till the end of this year or early next year following regulatory approval from the Bank of Spain.
Woolworths (ASX:WOW) unveils $872m surprise bid for Priceline owner
December 02, 2021 00:19 - 1000 KB02 Dec 2021 - Supermarket giant Woolworths (ASX:WOW) has emerged as a rival buyer for Priceline owner API (ASX:API) with a $870 million offer, a move that would see one Woolies spread its wings into the healthcare space.
Woolworths (ASX:WOW) unveils surprise $872m bid for Priceline owner
December 02, 2021 00:19 - 1000 KB02 Dec 2021 - Supermarket giant Woolworths (ASX:WOW) has emerged as a rival buyer for Priceline owner API (ASX:API) with a $870 million offer, a move that would see one Woolies spread its wings into the healthcare space.
Fashion giant Premier (ASX:PMV) zips up sales as stores reopen
December 01, 2021 23:58 - 1000 KB02 Dec 2021 - Fashion retailer Premier Investments (ASX:PMV) has seen sales recover over the first half of the new financial year despite lockdowns across New South Wales, Victoria, and New Zealand forcing the retail giant to close more than half of its stores
Former RBA Chief Glenn Stevens to chair Macquarie (ASX:MQG)
December 01, 2021 23:39 - 1000 KB02 Dec 2021 - Former Reserve Bank governor Glenn Stevens will pick up the baton from Peter Warne who will step down from the role in May next year as chairman of both Macquarie Group and its banking arm, Macquarie Bank (ASX:MQG).
Stocks of the Hour: Codan, Charter Hall Retail & CBA
December 01, 2021 04:14 - 1 minute - 1000 KB01 Dec 2021 - A snapshot of the stocks on the move, featuring Codan (ASX:CDA), Charter Hall Retail REIT (ASX:CQR) & Commonwealth Bank (ASX:CBA).
CBA (ASX:CBA) sells 55% stake in Colonial First State
December 01, 2021 03:36 - 1000 KB01 Dec 2021 - The Commonwealth Bank (ASX:CBA) has sold a 55 per cent stake in Colonial First State (CFS) to global investment firm KKR. CFS provides superannuation, investment and retirement products to individuals and corporate investors.
Crown Resorts (ASX:CWN) names new chairman
December 01, 2021 00:35 - 1000 KB01 Dec 2021 - Casino operator Crown Resorts (ASX:CWN) has officially appointed Dr Ziggy Switkowski as its new chairman following the receipt of all required regulatory approvals.
Charter Hall REIT (ASX:CQR) acquires Ampol servos & upgrades guidance
December 01, 2021 00:05 - 1000 KB01 Dec 2021 - Charter Hall Retail REIT (ASX:CQR) is set to acquire a 49 interest in 20 Ampol Fuel & Convenience retail centres for $50.5 million on a 5 cap rate.
Charter Hall Retail (ASX:CQR) acquires Ampol servos & upgrades guidance
December 01, 2021 00:05 - 1000 KB01 Dec 2021 - Charter Hall Retail REIT (ASX:CQR) is set to acquire a 49 interest in 20 Ampol Fuel & Convenience retail centres for $50.5 million on a 5 cap rate.
Codan (ASX:CDA) acquires UK Broadcast Wireless Systems
November 30, 2021 23:35 - 1000 KB01 Dec 2021 - Metal detection and wireless communication business Codan (ASX:CDA) has planned to purchase the UK-based company, Broadcast Wireless Systems (BWS) for an upfront payment of $3.7 million.
Stocks of the Hour: Westpac, AMP & Credit Corp
November 30, 2021 04:25 - 1 minute - 1000 KB30 Nov 2021 - A snapshot of the stocks on the move, featuring Westpac (ASX:WBC), AMP (ASX:AMP) & Credit Corp (ASX:CCP).
GUD (ASX:GUD) to acquire AutoPacific & launch $405m equity raising
November 30, 2021 03:47 - 1000 KB30 Nov 2021 - Automotive company GUD (ASX:GUD) has entered a share purchase agreement to acquire AutoPacific Group (APG) for $744.6 million. GUD will buy the business from Australian private equity investor Pacific Equity Partners, and will launch a $405 million equity raising to help fund the acquisition.
Credit Corp (ASX:CCP) acquires Radio Rentals assets for $60m
November 30, 2021 00:45 - 1000 KB29 Nov 2021 - Credit Corp (ASX:CCP) has acquired the assets of Radio Rentals from financial services provider Thorn Group (ASX:TGA) for $60 million.
AMP's (ASX:AMP) demerger plans on track for 2022
November 29, 2021 23:50 - 1000 KB30 Nov 2021 - Financial services provider AMP (ASX:AMP) says its on track to demerge its AMP Capital Private Markets business (PrivateMarketsCo) in the first half of 2022.
Westpac (ASX:WBC) agrees to pay $113m in fines
November 29, 2021 23:20 - 1000 KB29 Nov 2021 - Westpac (ASX:WBC) has reached agreement with Australia's corporate watchdog to resolve six civil penalty proceedings filed against them, submitting to the court that combined penalties of $113 million to Westpac are appropriate.
Stocks of the Hour: SkyCity, Rural Funds & Vulcan Energy
November 29, 2021 04:45 - 1 minute - 1000 KB29 Nov 2021 - A snapshot of the stocks on the move, featuring SkyCity Entertainment (ASX:SKC), Rural Funds Group (ASX:RFF) & Vulcan Energy (ASX:VUL).
Vulcan Energy (ASX:VUL) inks lithium supply deal with Stellantis
November 29, 2021 03:17 - 1000 KB29 Nov 2021 - Vulcan Energy (ASX:VUL) and auto giant Stellantis have signed a binding lithium hyroxide agreement to supply battery grade lithium hydroxide.
Rural Funds (ASX:RFF) exchanges contracts for property acquisition
November 29, 2021 00:30 - 1000 KB29 Nov 2021 - Rural Funds Management (RFM), a responsible entity of real estate investment trust Rural Funds Group (ASX:RFF) have exchanged contracts for a 27,879 hectare cattle and cropping property aggregation.
SkyCity (ASX:SKC) secures debt covenant relief
November 28, 2021 23:35 - 1000 KB29 Nov 2021 - Gambling giant SkyCity Entertainment (ASX:SKC) has secured a debt covenant waiver for the 31 December 2021 testing period and a variation to the debt covenants for the 30 June 2022 testing period.
Stocks of the Hour: AMP, ANZ & Ampol
November 26, 2021 04:35 - 1000 KB26 Nov 2021 - A snapshot of the stocks on the move featuring AMP (ASX:AMP), ANZ (ASX:ANZ) & Ampol (ASX:ALD).
Ampol (ASX:ALD) prices $500m subordinated notes
November 26, 2021 02:40 - 1000 KB26 Nov 2021 - Petroleum giant Ampol (ASX:ALD) has priced an offering of $500 million subordinated notes due in 2081 to wholesale investors in the domestic fixed income market.
ANZ (ASX:ANZ) acknowledges ASIC proceedings
November 25, 2021 23:45 - 1000 KB26 Nov 2021 - Banking giant ANZ (ASX:ANZ) has acknowledged that (ASIC) has commenced proceedings relating to three unlicensed third parties providing home loan application documents to ANZ lenders, including in connection with its home loan introducer program.
AMP (ASX:AMP) notes $325m of impairments
November 25, 2021 23:30 - 1000 KB26 Nov 2021 - Financial services provider AMP (ASX:AMP) expects to recognise additional impairment charges of around $325 million after tax in its 2021 financial year results.
Stocks of the Hour: EML Payments, NAB, Adairs
November 25, 2021 03:06 - 1000 KB25 Nov 2021 - A snapshot of the stocks on the move featuring EML payments (ASX:EML)m National Australia Bank (ASX:NAB), and Adairs (ASX:ADH).
Stocks of the Hour: Webjet, PointsBet, Pinnacle Investments
November 24, 2021 04:45 - 1 minute - 1000 KB24 Nov 2021 - A snapshot of the stocks on the move, featuring Webjet (ASX:WEB), PointsBet (ASX:PBH), Pinnacle Investments (ASX:PNI).
Pinnacle (ASX:PNI) completes $105m placement for Five V stake
November 24, 2021 04:03 - 1000 KB24 Nov 2021 - Pinnacle Investment Management (ASX:PNI) has completed its $105 million institutional placement to fund a 25 per cent stake in private equity firm Five V Capital.
PointsBet (ASX:PBH) awarded licence in Virginia
November 24, 2021 02:46 - 1000 KB24 Nov 2021 - Online wagering platform PointsBet (ASX:PBH) has been awarded a temporary supplier licence by the Virginia Lottery to offer online sports wagering in Virginia.
Webjet (ASX:WEB) takes off on travel bookings
November 23, 2021 23:20 - 1000 KB24 Nov 2021 - Webjet (ASX:WEB) has taken off after the travel booking company delivered a positive working capital in the first half of the 2022 financial year as high booking volumes return.
Nib (ASX:NHF) buys 50% stake in digital health start-up
November 23, 2021 23:19 - 1000 KB24 Nov 2021 - Health insurer Nib (ASX: NHF) has acquired a 50 per cent stake in Australian digital health start-up, Midnight Health for $4 million.
Stocks of the Hour: BHP, TechnologyOne & Bapcor
November 23, 2021 05:15 - 1 minute - 1000 KB23 Nov 2021 - A snapshot of the stocks on the move, featuring BHP (ASX:BHP), TechnologyOne (ASX:TNE) & Bapcor (ASX:BAP).
Bapcor (ASX:BAP) CEO to retire after 10 years
November 23, 2021 04:14 - 1000 KB23 Nov 2021 - Bapcor's (ASX:BAP) chief executive officer Darryl Abotomey will retire in February next year after 10 years with the company. The auto parts retailer said that Mr Abotomey will remain available to the company until June 30 next year to assist with an orderly transition.
BHP (ASX:BHP) & Woodside (ASX:WPL) sign off on merger deal
November 23, 2021 02:02 - 1000 KB23 Nov 2021 - Mining giant BHP (ASX:BHP) and energy giant Woodside Petroleum (ASX:WPL) have signed a binding sales agreement for the merger of BHP's oil and gas portfolio with Woodside.
TechnologyOne (ASX:TNE) increases dividend as profit climbs
November 22, 2021 23:55 - 1000 KB23 Nov 2021 - Software company TechnologyOne (ASX:TNE) reported an increase in profit for the full year ending September 30, following strong growth in its software as a service (SaaS) business.
Northern Star (ASX:NST) to buy Newmont power business
November 22, 2021 23:45 - 1000 KB23 Nov 2021 - Gold miner Northern Star Resources (ASX: NST) has agreed to acquire Newmont’s power business from its Australian subsidiary, Newmont Australia, for US$95 million.
Stocks of the Hour: Meridian Energy, AMP & Mesoblast
November 22, 2021 04:55 - 1 minute - 1000 KB22 Nov 2021 - A snapshot of the stocks on the move, featuring Meridian Energy (ASX:MEZ), AMP (ASXAMP), Mesoblast (ASX:MSB).
Mesoblast (ASX:MSB) refinances debt facility with Oaktree
November 22, 2021 03:55 - 1000 KB22 Nov 2021 - Regenerative medicine developer Mesoblast (ASX:MSB) has agreed to a US $90 million debt facility with US fund manager Oaktree Capital Management to pay off an existing debt facility and to help the company expand in the US.
SkyCity Entertainment (ASX:SKC) appoints new chairman
November 22, 2021 02:46 - 1000 KB22 Nov 2021 - SkyCity Entertainment (ASX:SKC) has appointed Julian Cook from SkyCity as the chair-elect to replace current chairman Rob Campbell. Cook's role is effective from today, to enable a smooth handover period for when Campbell retires from there board on January 1 next year.
AMP Capital (ASX:AMP) retains management of the Wholesale Office Fund
November 21, 2021 23:45 - 1000 KB22 Nov 2021 - AMP Capital (ASX:AMP), owned by financial services provider AMP, will remain as the manager of its Wholesale Office Fund (AWOF) following a thorough review process to oversee its portfolio.
Meridian Energy (ASX:MEZ) to sell its Aussie business Powershop
November 21, 2021 23:09 - 1000 KB22 Nov 2021 - Meridian Energy (ASX:MEZ) has agreed to sell its Australian business Powershop to a consortium comprising of Shell's subsidiary Shell Energy and Infrastructure Capital Group (ICG) for $729 million.
Stocks of the Hour: Sydney Airport, Janus Henderson & Crown Resorts
November 19, 2021 00:50 - 1 minute - 1000 KB19 Nov 2021 - A snapshot of the stocks on the move featuring Sydney Airport (ASX:SYD), Janus Henderson (ASX:JHG) & Crown Resorts (ASX:CWN)
Crown Resorts (ASX:CWN) receives new takeover offer from Blackstone
November 19, 2021 00:14 - 1000 KB19 Nov 2021 - Gambling and entertainment giant Crown Resorts (ASX:CWN) has received a refreshed takeover bid from global investment business, Blackstone.
Janus Henderson (ASX:JHG) CEO to retire
November 18, 2021 23:45 - 1000 KB19 Oct 2021 - Janus Henderson's (ASX:JHG) current chief executive officer Dick Weil intends to retire as CEO and as a member of the company’s board of directors from March 31 next year. The global asset management company has initiated an internal and external search process with the assistance of a executive search firm to find a replacement.
Sydney Airport (ASX:SYD) reports on October traffic
November 18, 2021 23:35 - 1000 KB19 Nov 2021 - Sydney Airport (ASX:SYD) continued to face another challenging month in October following ongoing travel restrictions. Total passenger traffic for the month reached 65,000 passengers, down 98.4 per cent from the same period in 2019 and 71.1 per cent lower than 2020.
Stocks of the Hour: Evolution Mining, Sonic Healthcare, Altium
November 18, 2021 04:38 - 1 minute - 1000 KB18 Nov 2021 - A snapshot of the stocks on the move, featuring Evolution Mining (ASX:EVN), Sonic Healthcare (ASX:SHL), and Altium (ASX:ALU).
Stocks of the Hour: CBA, United Malt & Nufarm
November 17, 2021 04:50 - 1 minute - 1000 KB17 Nov 2021 - A snapshot of the stocks on the move, featuring Commonwealth Bank (ASX:CBA), United Malt (ASX:UMG) & Nufarm (ASX:NUF).
Nufarm (ASX:NUF) falls despite earnings growth
November 17, 2021 03:52 - 1000 KB17 Nov 2021 - Agricultural chemical company Nufarm (ASX:NUF) has reported strong financial results for year ending September 30, driven by revenue and underlying earnings growth in all regions and its seed technology business.