Whitehaven Coal (WHC) drops 14%, here’s why.
WHC -14%: A very poor quarterly update this morning from WHC both in absolute terms plus importantly relative to market expectations.
Computershare (CPU) acquires Wells Fargo’s corporate trust arm
CPU: announced it would pay $US750m to buy the Wells Fargo CTS business, launching a big raise to fund.
Suncorp (SUN) estimates hit from floods
SUN +1.54%: The insurer estimates costs of claims to hit $250m at which point the reinsurance program kicks in.
EML Payments (EML) to buy Europe ecommerce business
EML +5.45%: announced the were moving to buy Sentenial for a total up to $170.7m in a push into open banking.
Plenti (PLT) record 3rd quarter numbers
PLT +12%: The alternative finance company saw growth of 120% vs 3Q20 as borrowers search outside of the big banks.
Western Areas (WSA) production bounces back
WSA +7.04%: Smashed production expectations in the 3rd quarter, the nickel miner put a poor start to the year behind them
Packer hires bankers amidst Crown (CWN) takeover
CWN -0.84%: In the face of a takeover, James Packer has hired his own bankers to run the numbers over his share of Crown.
Cleanaway (CWY) eyeing big acquisition
CWY +15.91%: Chasing the Australian assets of Suez R&R in a likely $2.5b deal.
AGL Energy (AGL) to do the splits
AGL -3.54%: The company announced it was looking to split out the retail energy & wholesale supply businesses, looking to unlock value for shareholders
Income Note: Will bank dividends move higher & what’s wrong with Westpac?
The ASX has followed overnight markets higher this morning with a bounce back in technology, materials and financials supporting a 1% gain at the index level.
