Monthly Archives: January 2021

First remuneration report strike for Freedom Foods (ASX:FNP): Aus shares down 2.9% over week

29 Jan 2021 - Aussie shares ended lower today, deepening yesterday’s sell off. Energy stocks were the hardest hit, dropping over 2 per cent as the iron price weakened. At the closing bell the S&P/ASX 200 index closed 42 points or 0.6 per cent lower to finish at 6,607. Over the week, the market has lost 2.9 per cent or 193 points. Freedom Foods Group (ASX:FNP) chalked up its first strike against the remuneration report at today’s AGM.

Record quarterly sales revenue for Lynas (ASX:LYC): Aus shares 0.8% higher at noon

29 Jan 2021 - The Australian market opened higher following positive leads from Wall Street and continues to rise in early trade. Healthcare and Industrial stocks are leading the charge this morning. The S&P/ASX 200 index is 54 points up or 0.8 per cent higher at 6,704 at noon. Shares in Lynas Rare Earths (ASX:LYC) jumped this morning after it announced that sales revenue rose to a record $119.4 million in the December quarter.

Air New Zealand (ASX:AIZ) supports biofuels mandate: Aus shares set to open higher

29 Jan 2021 - The Australian share market is set to swell at the open, following positive tailwinds from the US. All 3 major US benchmarks rebounded after their worst day of trade in three months. Oil, gold and iron ore however all dropped overnight. Air New Zealand (ASX:AIZ) has come out in support of the New Zealand Government’s decision to implement a biofuels mandate that it says will help the country reduce carbon emissions in the transport sector.