Yearly Archives - 2021

CIMIC Group (ASX:CIM) secure Queensland ECI contract

01 Mar 2021 - CIMIC Group (ASX:CIM) companies UGL and CPB Contractors have entered an early contractor involvement (ECI) contract with energy infrastructure company CuString Pty Ltd related to the delivery of CopperString 2.0, a high-voltage transmission network in Queensland.

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Auckland begins a week’s lockdown after Covid-19 case detected: ASX poised to open higher

01 Mar 2021 - After Friday’s losses the ASX looks set to open higher this morning. Global bonds stabilised after US government bond yields hit their highest level in a year and causing a selloff in stocks. On Saturday President Biden scored his first legislative win as the House of Representatives passed his $1.9 trillion coronavirus relief package. SkyCity Entertainment Group (ASX:SKC) closed Auckland casino as the city goes into lockdown.

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Lynas (ASX:LYC) NPAT up over 900%: Aus market down 1.8% over week

26 Feb 2021 - Aussie shares dropped in early trade and tracked sideways for most of the afternoon to end 2.4 per cent lower. The Information Technology sector led the losses today, with none of the sectors managing to advance. Shares in Lynas Rare Earths (ASX:LYC) jumped almost 6 per cent today after the company released its financial results for the half year. Net profit was up more than 9 fold compared to the prior corresponding period and rose...

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Tech sector down over 6% on rate fears: Aus shares 2.2% lower at noon

26 Feb 2021 - The Australian share market opened lower following negative leads from Wall Street. It fell in early trade and is tracking 2.2 per cent lower at noon. All of the sectors have fallen this morning, with tech stocks haemorrhaging over 6 per cent. This comes on the back of another surge in the 10-year US Treasury bond yield overnight. Higher rates tend to hit the tech sector especially hard as the group relies heavily on low...

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