Monthly Archives: October 2020

Iluka Resources (ASX:ILU) spin-off Deterra Royalties debutes: ASX tracking 0.3% lower at noon

23 Oct 2020 - The ASX was choppy at the open and is now tracking 0.3% lower at noon. Miners weighed on the market with Iluka (ASX:ILU), Sandfire (AXS:SFR) and Resolute (ASX:RSG) all seeing a dip in their shares. Iluka has decided to create Australia's largest resource royalties company in Deterra Royalties (ASX:DDR) from a de-merger. Meanwhile, shares in Bluescope Steel (ASX:BSL) did well today. Austal (ASX:ASB) has entered into an agreement to acquire Australian-based BSE Maritime Solutions Group.

‘Exciting’ season expected for the wheat harvest: ASX poised to open flat

23 Oct 2020 - The ASX looks set to open flat this morning as US stocks rallied after a lift in Treasury yields. The wheat harvest here is set for a promising season after some rain events. The chief executive of Australia Post is standing aside after four senior employees were given $3,000 Cartier watches after securing a deal back in 2018. Infratil (ASX:IFT) confirms that it is a member of a consortium in discussions regarding an acquisition of [...]

The Big Four drag on the market: ASX closed 0.3% lower

22 Oct 2020 - The ASX managed to close 0.3% lower. Shares in Healius (ASX:HLS) did well today after they reported a strong first quarter. Shares in Unibail-Rodamco-Westfield (ASX:URW) The big four banks all closed lower today. As for the sectors today Healthcare led the day and Energy fell lower. Worley (ASX:WOR) reports that the shareholder class action brought against it has been decided in Worley’s favour.

Fewer Australian businesses report falling revenue: ASX tracking 0.7% lower at noon

22 Oct 2020 - The ASX fell at the open and is now tracking 0.7% lower at noon. Shares in Resolute Mining (ASX:RSG) are down almost 8% after they reported their September quarter gold production fell 19%. Healius (ASX:HLS) shares are up after a strong first quarter update. OZ Minerals (ASX:OZL) lifted its gold production guidance from its Prominent Hill operation and lowered its cost guidance for 2020.