DUG Technology’s shares join the stock market trade at a solid premium after a $35m float.
Australia’s share market is trading lower after the COVID-19 pandemic sunk consumer confidence to its lowest level since April and the Commonwealth Bank’s full-year cash profit dived 11.3 per cent.
Airbnb plans to file paperwork for a stock market listing in the next few weeks, paving the way for its shares to start trading as soon as the fourth quarter, sources say.
Olivia Carville, Katie Roof and Crystal Tse
The rally that pushed gold to record heights above $US2000 an ounce has come to an abrupt halt, with the haven metal posting the biggest drop in seven years after bond yields spiked higher.
Thousands of WA borrowers have deferred loan repayments to the nation’s biggest lender as the coronavirus pandemic shut down large swathes of the economy.
The joint venture, which will allow Sheffield to fully fund the $478m Thunderbird project, is subject to approval by a Federal watchdog that has recently knocked backs similar deals.
ASX-listed marketing and advertising agency WPP AUNZ has purchased Perth-based digital and creative company Meerkats as part of a bid to boost client capabilities.
Danielle Le Messurier
Alex Waislitz emerges as a small shareholder in new WA float DUG Technology.
The Jon Price-led company will use the cash for a 70,000m drilling program and to complete a feasibility study for the company’s Boorara project near Kalgoorlie.
Australia’s banks have led gains on the share market for a second day after US markets were boosted by stop-gap moves to aid the American economy.
McDonald’s is suing Stephen Easterbrook, the chief executive it ousted last year, alleging that he covered up relationships with three employees and destroyed evidence.
Sydney Airport will cut costs and debt and warned jobs could be lost after the coronavirus pandemic hit its bottom line, forcing it into the red.
US stock indexes closed mostly higher Monday, nudging the S&P 500 within striking distance of its all-time high set in February.
Nine years after Steve Jobs stepped down and thrust Tim Cook to the top of Apple, the company is more valuable than ever — and so is Cook.
Anders Melin and Tom Metcalf
The company has announced a joint venture that involves it hiving off 50 per cent of its flagship Thunderbird mineral sands project in exchange for a big cash injection.
Surging online sales are expected to help the retailer cover the forced closure of more than 40 stores in Victoria, replicating the remarkable success of trading during earlier COVID-19 lockdowns.
Guy Russo is joining the board of the shopping mall company as it looks for new expertise to meet the post-coronavirus world.
The Perth-based medicinal cannabis researcher will provide services for Spectrum Biomedical, the UK subsidiary of the world’s largest cannabis company.
The surging price of the precious yellow metal has driven Northern Star Resources and Saracen Mineral Holdings up the rankings in WA’s top 10 biggest ASX-listed companies.
Shares were trading one per cent higher to start the week on the ASX as investors remain optimistic the US can approve an economic aid package.
The airline has blamed uncertainty over a second wave of coronavirus in Victoria for a big shortfall in its offer to retail shareholders.
The profit reporting season kicks off this week and investors will have to scrutinise results announcements in ways that would have been unnecessary just seven months ago.
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© West Australian Newspapers Limited 2020