The Wesfarmers Ltd (ASX: WES) and Woolworths Group Ltd (ASX: WOW) rivalry has been reignited today after Woolworths lobbed a $1.75 per share offer for Australian Pharmaceutical Industries Ltd (ASX: API). Previously, Wesfarmers had made a binding offer of $1.55 per share for the pharmacy chain, which had been recommended by the API board. The deal looked largely complete until Friday’s shock announcement. Wesfarmers and…
The Tuas Ltd (ASX: TUA) share price is up around 5% after the Asian telecommunications business announced it has bought more 5G spectrum. Tuas is an Asian telecommunications business which is building a position in Singapore to offer mobile services to customers there. Tuas buys more spectrum Tuas announced that it took part in the quantity stage…
The Rural Funds Group (ASX: RFF) share price is in focus after it announced acquisitions of multiple cattle and cropping properties. Rural Funds (RFF) is a real estate investment trust (REIT) that owns farmland and leases to agricultural tenants. It is operated by Rural Funds Management Limited (RFM). Rural Funds acquires cattle and cropping property Management announced…
The City Chic Collective Ltd (ASX: CCX) share price is on watch as it told investors about its outlook for FY22. City Chic’s FY22 update The plus-size fashion retail business is holding its annual general meeting (AGM) and gave investors an update about how FY21 went, and its thoughts on the current financial year. If you didn’t…
It could be time to consider the Telstra Corporation Ltd (ASX: TLS) share price as a turnaround idea. I have long considered Telstra as a business not worth investing in. Its margins were falling, the competitive edge was declining, growth options were limited and competition was intense. But I think that Telstra is turning each of those…
The Xero Limited (ASX: XRO) share price is dropping after the business released its FY22 first half result. Xero is one of the world’s largest cloud accounting businesses, with subscribers all over the world. Xero’s HY22 result The cloud accounting business reported that operating revenue increased by 23% to NZ$505.7 million. The average revenue per user (ARPU)…
The Charter Hall Group (ASX: CHC) share price is up around 4% after the property manager upgraded its earnings projection for FY21. It manages property funds across a range of sectors including office, industrial, logistics, retail and social infrastructure. Charter Hall manages assets worth $54 billion spread across 1,404 assets. The business has a $9 billion development…
Shares in online bookmaker PointsBet Holdings Limited (ASX: PBH) finished Friday nearly 20 per cent lower after its Q1 FY22 results failed to impress some investors. Since reaching over $17 per share at the start of the year, Pointsbet’s market valuation has more than halved. For a full breakdown of the results, check out Lachlan Buur-Jensen’s article…
The BlueScope Limited (ASX: BSL) share price is rising after it announced higher earnings guidance for the first half of FY22. BlueScope FY22 half year guidance The company is now expecting underlying earnings before interest and tax (EBIT) for the first half of FY22 to be between $2.1 billion and $2.3 billion. This updated guidance is above the previous…
The Pilbara Minerals Ltd (ASX: PLS) share price is in focus after the lithium and tantalum producer announced plans for solar energy in its progress towards net-zero emissions. Pilbara Minerals is an Australian lithium company that owns and operates its Pilgangoora project in the Pilbara region in Western Australia. It is one of the world’s largest hard-rock…
