Market Update: ASX goes back to the future as inflation heats up

The ASX200 is up nearly a quarter of a per cent in line with future’s predictions.IT and Health Care are both up around a per cent, while industrials and materials down around half a per cent.Australia’s inflation has increased by 1% in the March quarter to reflect...

The hottest ASX takeover of the month isn't what you think

The hottest takeover deal of the month doesn't have anything to do with Seven (ASX:SVM) and Boral (ASX:BLD).

Nick Scali moves into the UK market through Fabb Furniture acquisition

Nick Scali has acquired UK-based Anglia Home Furnishings, operating under the brand Fabb Furniture.

Aus inflation read of 3.6% spooks ASX – before quickly returning to green

Australian CPI inflation increased 1% in the March quarter to reflect 3.6% for the quarter year-on-year. The ASX200 fell into the red 15 minutes after the data was released, but at lunchtime, was up nearly 0.2% @ suggesting the market overreacted. The Q1 data still marked a decline from 4.1% infl...

High grade sniffs in Africa push Mako shares up 14%

Mako Gold Ltd (ASX: MKG) has seen its shares jump above 14 percent on news that it has discovered a high grade zone with grades of 76 grams per tonne at its 868,000-ounce Napié Project in Côte d’Ivoire.Shares rose 14.28 percent to 16 cents on Wednesday, as the exploration company ...

Kogan shares smashed -26% on lacklustre quarterly update

"Kogan is pleased to announce continued strong profitability" is a strange opening for an announcement that wipes out a quarter of value.

Lycaon Resources receives green light from minister to mine at Stansmore project in WA

Lycaon Resources receives minister's blessing to kickstart mining at Stansmore project in Western Australia

Unith wraps up Q1 with $5M in cash as digital humans evolve

Unith has wrapped up Q1 of 2024 with nearly $5M in cash and opex reduced. But the bigger story is how good its digital humans are getting.

Fortescue recovers from iron ore export slump with record shipments in month of March

Fortescue has delivered a mixed-bag report for the March 2024 Quarter, showing a recovery in iron ore shipments from the December Quarter but still down to the same time a year ago.