Author - Sequoia Direct

Woolworths (ASX:WOW) upgrades stake in Quantium

20 Apr 2021 - Supermarket operator Woolworths (ASX:WOW) has upgraded its stake from 50 per cent to 75 per cent in data analytics specialist Quantium.The company has splashed $223 million to become Quantium’s majority stakeholder, according to Woolworth’s announcement today.

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Rio Tinto (ASX:RIO) on target to supply iron ore

20 Apr 2021 - Rio Tinto (ASX:RIO) is projected to deliver on its iron ore commitments, despite the environmental challenges of Tropical Cyclone Seroja stagnating export activity from Western Australia. Rio reported a total exported iron ore volume of 77.8 million tones in the March quarter of FY21, marking the best quarterly performance by its iron ore section in 3 years.

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Wall St takes a breather from record levels: ASX to open lower

20 Apr 2021 - The ASX is set to open lower following Wall St closing in the red. The Dow Jones dipped by 0.4% while the tech heavy Nasdaq underperformed its peers dropping by 1%. Property investor and asset manager, Irongate (ASX:IAP) has entered into agreements to acquire two Brisbane industrial properties for a total of $20.2 million. Latitude Financial (ASX:LFS) is set to ring the bell in Melbourne today.

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