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Weekly News Wrap: We’re out of recession and into a trade war

Monday 7 December 2020 Our pick of the week’s biggest stories affecting markets IN FOCUS: SALESFORCE BUYS SLACK What’s going on?  Salesforce – a company specialising in sales productivity tools with a current market value of $ US220 billion, is buying Slack – a workplace messenger platform currently valued at around $US17 billion. The acquisition would be Salesforce’s largest ever. …

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Weekly News Wrap: Bega Cheese Expands, Amazon Pharmacy Launches

Monday 30 November 2020 Our pick of the week’s biggest stories affecting markets IN FOCUS: BEGA CHEESE BUYS LION DAIRY What’s going on?  Bega Cheese this week acquired Lion Dairy and Drinks for $534 million. It’ll mean Bega moves into fresh milk, flavoured milk, yoghurt and juice alongside its traditional dairy business. The company will be taking over a suite …

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Weekly News Wrap: Telstra breaks up, EU takes on Amazon, Pfizer announces vaccine

Monday 16 November 2020 Our pick of the week’s biggest stories affecting Aussie equity markets IN FOCUS: TELSTRA SPLITS INTO THREE What’s going on?  Telstra is undertaking a major restructure, splitting itself into three separate entities: InfraCo Fixed will own the physical infrastructure assets: the ducts, fibre, data centres, subsea cables etc. InfraCo Towers will own the mobile infrastructure like towers. …

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Weekly News Wrap: US election, Chinese IPO, Australian interest rates

Monday 9 November 2020 Our pick of the week’s biggest stories affecting Aussie equity markets IN FOCUS: OPTUS BUYS AMAYSIM FOR $250M What’s going on?  Optus is acquiring its biggest mobile virtual network operator (MVNO), Amaysim, for $250 million. Amaysim’s the fourth-largest mobile provider in Australia with 1.19 million subscribers. The deal also includes brands Vaya, Jeenee and OVO. The business …

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Weekly News Wrap: Ant Financial, Australia’s Recession & New Solar Innovations

Monday 2 November 2020 Our pick of the week’s biggest stories affecting Aussie equity markets IN FOCUS: CHINA’S ANT GROUP SET TO DELIVER THE WORLD’S BIGGEST IPO What’s going on?  Ant Group is behind the world’s largest online payments platform Alipay. Alipay started off as a payments system for China e-commerce giant Alibaba back in 2004, now Alipay has over …