Yearly Archives - 2021

Freedom Foods hammered by investors: Aus shares close 0.7% higher

22 Mar 2021 - Rises in all sectors besides materials levitated the ASX200 in the green zone after midday, as Aus shares maintained momentum throughout the afternoon to close 0.7 per cent higher or 44 points up at 6753. This put an end to three consecutive sessions in the red for the ASX200. The on-going severe rainfall and floods have put Australia in an insurance catastrophe, as shares in QBE Insurance (ASX:QBE), Suncorp (ASX:SUN) and IAG (ASX:IAG) all closed...

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Biden’s US to remain tough on China: Aus shares to open lower

22 Mar 2021 - The Australian sharemarket is poised to open lower, following weak leads from the US. Wall Street’s blue-chip index Dow Jones shed over 200 points, disrupting its 2 consecutive weeks in the black. A sell-off in finance stocks triggered declines in American benchmark indices, following the Federal Reserve’s refusal to continue the coronavirus-fueled capital break for banks and rising bond yields as a result. The impact echoed and was felt around the world, as Asia Pacific...

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Elixinol Global (ASX:EXL) to acquire Cannacare Health

21 Mar 2021 - Elixinol Global (ASX:EXL) CEO, Oliver Horn talks about its proposed acquisition of CannaCare Health GmbH (CannaCare) one of Germany’s leading CBD (Cannabidiol) brands following the down scheduling of CBD in Europe late last year in what the Company sees as highly strategic opportunity and important pathway to profitability.

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