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- Activist shareholders
L1 Capital plots new activist strategy
L1 Catalyst will only take on six to eight ideas to unlock strategic returns with the ear of boards, and a deal maker’s eye led by ex-banker James Hawkins.
- 1 hr ago
- Vesna Poljak
Mainstream’s glorious takeover failure
Baring Private Equity backed Vistra Group has already made a $20 million paper profit on its failed takeover bid just months ago.
- 1 hr ago
- Tom Richardson
ASX to lift but US markets play it safe
Australian shares are set to rise amid good news regarding the Novavax vaccine shot but US markets were subdued before the Fed meeting this week.
- Natasha Rudra
Dimon warns the pandemic trading boom is drawing to an end
Trading revenue at the largest US bank will drop to just north of $US6 billion in the second quarter, Dimon said.
- Sridhar Natarajan
Taper talk returns as traders ready for Fed meeting
Markets will be watching for any hints of taper discussion and updates to economic forecasts at the highly anticipated Federal Reserve meeting this week.
- Alex Gluyas
Global oil demand to hit pre-virus level next year, IEA says
World consumption will reach 100 million barrels a day in the second half of 2022 as developed economies bring the virus under control, the agency said.
- Grant Smith
Opinion & Analysis
Economic nirvana is here, just ask the sharemarket
What’s not to like? Money is nearly free, and everything is hot, hot, hot. Only inflation can upset this paradise, writes Vimal Gor, and he’s not buying the ‘transitory’ spin.
Contributor
What investors can learn from the G7 shift
T Rowe Price expects higher taxes and increased government intervention in a post-crisis world. Both those themes were on display at the G7 meeting.
Columnist
Lower returns and greater turmoil to test stock investors
Fund giant Vanguard Group estimates that US large-cap stocks will return somewhere between 2.4 per cent and 4.4 per cent a year over the next 10 years.
Contributor
The $2trn fundie selling ASX bank and iron ore stocks
Randal Jenneke of T Rowe Price says the rotation to value may soon reverse as he hunts ‘quality’ stocks in oversold sectors such as health.
Columnist
Companies in the News
Fortescue Metals Group
National Australia Bank
Crown Resorts
Updated: Jun 11, 2021 – 4.10pm. Data is 20 mins delayed.
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View stories and data from an ASX listed company
Meet the Fundie
What Magellan learnt from Warren Buffett
The most important thing when assessing a stock’s quality is seeing whether it has an economic moat, says the financial group’s head of research, Vihari Ross.
- 1 hr ago
- Alex Gluyas
Hunting for value with a contrarian mindset
Wentworth Williamson’s James Williamson doesn’t like following the consensus and loves to hunt out the companies forgotten by the rest of the market.
- William McInnes
Value investor prepares for the great stimulus unwind
First Eagle’s Matthew McLennan, an Aussie on Wall Street, has guided the firm’s share portfolios through the GFC. Now he faces one of the biggest tests of his career.
- Richard Henderson
More From Today
What Magellan learnt from Warren Buffett
The most important thing when assessing a stock’s quality is seeing whether it has an economic moat, says the financial group’s head of research, Vihari Ross.
- 1 hr ago
- Alex Gluyas
- Opinion
- Inflation
Economic nirvana is here, just ask the sharemarket
What’s not to like? Money is nearly free, and everything is hot, hot, hot. Only inflation can upset this paradise, writes Vimal Gor, and he’s not buying the ‘transitory’ spin.
- 1 hr ago
- Vimal Gor
Yesterday
- Opinion
- Chanticleer
What investors can learn from the G7 shift
T Rowe Price expects higher taxes and increased government intervention in a post-crisis world. Both those themes were on display at the G7 meeting.
- James Thomson
This Month
- Opinion
- Wall Street
Lower returns and greater turmoil to test stock investors
Fund giant Vanguard Group estimates that US large-cap stocks will return somewhere between 2.4 per cent and 4.4 per cent a year over the next 10 years.
- Nir Kaissar
US stocks rise to record with focus turning to Federal Reserve
The S&P 500 edged 0.2 per cent higher to end its week, closing at a record for a second consecutive session. Eight of its 11 industry group’s finished higher.
- Richard Richtmyer and Vildana Hajric
Canada will reject any future thermal coal mining projects
Canada is the only G7 country to see its carbon emissions rise between 2015 and 2019, and Justin Trudeau has faced global criticism for its climate record.
- Danielle Bochove
Steel’s massive rally hits all parts of the global economy
Demand is so frenzied that US mills have stopped taking orders from customers in recent weeks, one steel executive said.
- Joe Deaux
ASX closes at record high
Australian shares have finished the week at a record high of 7312.3, rising 9.8 points during Friday’s session. Follow the latest here.
- Updated
- Alex Gluyas, Sarah Turner, William McInnes, Vesna Poljak and Richard Henderson
Tech leads ASX to record high
The Australian sharemarket closed at a record high on Friday, extending its strong run of form, as Victoria exited its two-week lockdown.
- William McInnes
Inflation burst begins to tear market in two
US consumer prices rose sharper than expected in May and added to concerns that central banks may fail to rein in inflation quick enough.
- Richard Henderson
Analysts scramble to keep up with resurgent iron ore
Analysts have been forced to rapidly upgrade their forecasts, with China’s jawboning of commodity prices failing to keep a lid on the level of spot iron ore.
- William McInnes
Bitcoin among riskiest assets: bank regulator
Banks will face tough capital requirements for holding cryptocurrencies after the global regulator warned about the potential for using them for financial crimes.
- Silla Brush
Bank of Canada brushes off temporary spike in inflation
Base-year increase will not persist for more than a few months, the Canadian central bank’s deputy governor said.
- Shelly Hagan
ASX to rise, S&P 500 resets closing record high
Australian shares are set to open higher, bolstered by gains in New York as investors looked through another monthly surge in consumer prices.
- Timothy Moore
ANZ Bank’s Cashrewards stake craters
The ANZ-backed fintech closed at a record low on Thursday and has now lost more than half its value since a December IPO.
- Tom Richardson
Investors pay Australia to hold money amid cash glut
The federal government has paid a negative interest rate on $1 billion borrowed from institutional investors, the first time on record the total cost of a Treasury debt sale has fallen below zero.
- John Kehoe and Jonathan Shapiro
T Rowe bullish on the economy, cautious on stocks
In its mid-year outlook, T. Rowe Price highlighted emerging markets, and China in particular, as the equity markets that could offer the most attractive returns.
- Alex Gluyas
ASX 200 index tops 7300 to close at record high, buoyed by tech
The Australian sharemarket closed at a record high on Thursday, with strong real estate and tech stock gains offsetting a fall in the energy and travel sectors.
- William McInnes
Wilson’s WAR starts early with Magellan target
Wilson Asset Management’s LIC has snapped up shares in Magellan’s listed high conviction fund, believing the discount to offer an “incredible opportunity”.
- William McInnes
