Tech pulls market lower, deals galore across travel, property sectors The technology sector once again dragged the market lower, falling 2.6 per cent and pulling the market down 0.7 per cent along with it. The biggest detractors were Afterpay (ASX: APT) and Zip Co (ASX: Z1P) which fell 3.1 and 6.9 per cent respectively as the flood out of high…
CSL Limited (ASX: CSL) has announced a blockbuster US$12.3 billion (AU$17.2 billion) tender offer for Vifor Pharma after trading hours today. The deal is CSL’s first major transaction since 2008 and will bring together two globally leading biotech companies. CSL finishes the year with a bang Speculation around the deal had been gaining momentum in recent days. On Monday CSL confirmed discussions…
With 2021 nearly done and dusted, it’s time to reflect on ‘what was’ and perhaps reposition your portfolio for ‘what could be’. Looking back at the year, always helps paint a picture of what lies ahead. There’s a lot to celebrate both good and bad. The pandemic is largely behind us with multiple vaccines administered…
The Corporate Travel Management Ltd (ASX: CTD) share price isn’t moving today while the business raises $100 million to fund the purchase of the Helloworld Travel Ltd (ASX: HLO) corporate and entertainment travel division. The acquisition will cost $175 million, funded via the capital raising and $75 million in new Corporate Travel shares issued to Helloworld. Corporate Travel buys up another…
Tesla has done it again. First South Australia, now Victoria. The world’s largest battery storage systems, powered by Tesla’s utility-scale Megapack batteries, has been switched online in Victoria last Wednesday. According to CNBC, the “large energy storage systems based on lithium-ion batteries have the potential to prevent blackouts and let utilities store and use more…
Given the seeming obsession with the impending inflation outbreak in Australia, and around the world for that matter, one could be excused for thinking this would be among the most read articles for the year. In fact, it was quite the opposite, with our readership of Australia’s leading financial advisers looking for positivity, not fear….
Is this greenwashing, or simply a business trying to ensure that its operations are conducted as responsibly as possible? Dalrymple Bay Infrastructure Limited (ASX: DBI), which listed in December 2020, is a unique business; it operates a major infrastructure asset – the Dalrymple Bay Coal Terminal on the central Queensland coast – that ships coal…
Thanks in part to the pandemic, employers have sufficient awareness of mental health problems in the workforce, their human and economic costs. Now is the time for programs to solve them. A multi-country multi-industry webinar last week (December 9) looked at how employers should learn from the impact of covid-19 and put in place processes…
