Ad hoc News

Telstra acquires Digicel, Rio Tinto faces labour shortages and South32 sells base metal royalties to Anglo Pacific

Telstra (ASX: TLS) has announced it has completed a multibillion-dollar purchase of Digicel Pacific, a Pacific Islands telecommunications company. The reliable industry leader has been backed with funding from the Australian government, providing US$1.33 billion (A$1.98 million)...

Consolidation does not lead to a gold mine

Consolidation is the name of the game underway in Australian gold mining today, and while it can be a stockbroker’s picnic it can also create more losers than winners. The current focus of speculation about a rush of gold sector merger and acquisition (M&A) activity is the h...

Worley awarded Santos contract, severe weather impacts Costa Group harvest, and Beach Energy completes Otway program

Santos (ASX: STO) has awarded Worley (ASX: WOR) a professional services contract to help guide its Bayu-Undan carbon capture and storage (CCS) project. Worley will provide front-end engineering and design (FEED) services for the offshore Bayu-Undan CCS project, which is located ...

Have small cap stocks turned the corner?

Markets have been slammed, and economic evidence is pointing to a potential global recession – but it’s worth noting markets are forward looking, so at some point it’s likely they will stop going down and start going back up again. Historically, markets turn positive well before...

Rich retirees set to win big out of election promises

One of the great things about a federal election is that it flushes out all sorts of offers as the warring parties try to get the attention of voters. Older Australians were a particular target as a voting block and the result was that both major parties ended up matching each o...

Are falling commodity prices pointing to lower inflation?

As central banks around the world gear up to fight inflation by raising interest rates, could it be that a big chunk of the inflationary problem is beginning to disappear? The past couple of weeks has seen an extraordinary crunch in commodity prices as investors increasingly fac...

Weekly review: a strong week as resources and energy rally

The Australian share market enjoyed a move higher this week with the ASX 200 up 2.1% on the back of a strong performance by energy and mining shares. Despite the positive week there was a lack of uniformity about the rally with falls recorded by the major banks. Still, traders ...

Qantas workers threaten strike, Chalice Mining breakthrough at Julimar and Incitec appoints CFO for fertiliser business

Australia’s largest domestic and international airline Qantas (ASX: QAN) is facing troubled times ahead as 1,000 of its staff prepare to potentially go on strike in the midst of failed negotiations over a 12% pay rise. Engineers from Qantas, Jetstar and Network Aviation are set ...

UK set to launch first ever Critical Minerals Intelligence Centre

The UK Government has announced it is setting up the Critical Minerals Intelligence Centre (CMIC) to gather data and analyse information of the supply of critical minerals. CMIC will be run by the British Geological Survey (BGS), assessing critical minerals such as cobalt, lithi...

Andrew ‘Twiggy’ Forrest gets a taste for gold

Follow the rich is always a good investment strategy, as was shown last year when iron ore billionaire Gina Rinehart moved early into oil and gas, and why another iron ore billionaire’s sudden interest in gold could deliver similar results. Andrew Forrest, founder and major shar...