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.
WHC -14%: A very poor quarterly update this morning from WHC both in absolute terms plus importantly relative to market expectations.
CPU: announced it would pay $US750m to buy the Wells Fargo CTS business, launching a big raise to fund.
SUN +1.54%: The insurer estimates costs of claims to hit $250m at which point the reinsurance program kicks in.
EML +5.45%: announced the were moving to buy Sentenial for a total up to $170.7m in a push into open banking.
PLT +12%: The alternative finance company saw growth of 120% vs 3Q20 as borrowers search outside of the big banks.
WSA +7.04%: Smashed production expectations in the 3rd quarter, the nickel miner put a poor start to the year behind them
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.
CWY +15.91%: Chasing the Australian assets of Suez R&R in a likely $2.5b deal.
AGL -3.54%: The company announced it was looking to split out the retail energy & wholesale supply businesses, looking to unlock value for shareholders
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.
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