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Cleanaway Waste Management (ASX: CWY) has made a formal bid for French Suez Groupe’s (EPA: SEV) Australian recycling assets. The bid for these assets is worth $2.5 billion and was initially cheered by the market, with Cleanaway shares closing up 11% on the day of the announcement. However, there are a few hurdles the company…
Second quarter off to strong start, AMP’s CEO departs, Boral announces buyback The ASX200 (ASX:XJO) finished the week and commenced the new quarter on a strong note, finishing 0.5% higher with both IT, up 2.3%, and materials, 1.3%, contributing. It was a day for stock specific news with the worst kept secret in finance being confirmed, AMP’s CEO Francesco…
Macquarie Investment Management is now a bigger manager than AMP Capital – and the outlook for the respective stocks appears to reflect that ranking. Macquarie Investment Management has taken AMP Capital’s crown as the largest Australian-owned manager of Australian assets, moving to $125.7 billion in assets in the year to September 2020, according to the…
This week Stockspot released its yearly 2020 Fat Cat Funds Report. The report was put together to expose the best and worst-performing superannuation funds throughout the year, in a bid to drive lower fees, improve performance and bring about change. Stockspot compared 600 multi-asset investment options offered by Australia’s largest 100 super funds to find…
The uncertainty in equity markets is prompting listed companies to withdraw their earnings guidance. But analysts are calling on a number of companies who have not provided updates to assist investors by giving a clear outlook. Around 34 per cent of the ASX 100 and 25 per cent of the stocks in the Small Ordinaries…