Business
ASX adds 0.6% as miners rise; AUD slips to six-week low – The Sydney Morning Herald
The ASX was up 0.6% after a flat start. The heavyweight banks and miners were mixed, CSL was up, while energy stocks remained subdued.
Its official. As of Wednesday night Australias biggest non-bank lender, Ahmed Fahours Latitude Financial is readying for its third attempt at an initial public offering in three years.
The company said it is looking to raise at least $150 million in the IPO at $2.60 a share valuing the group at around $2.6 billion.
The modest raising, and modest valuation, should help to avoid the issues which saw the 2019 float aborted.
Latitude Financial chief executive Ahmed Fahour. Credit:Elke Meitzel
A billion…
-
Business11 hours agoWarning! These ASX 200 shares were just downgraded
-
Business9 hours ago2 monthly payers you’ll want to own in 2025 and beyond
-
General8 hours agoFatal house fire at Lake Illawarra under police investigation
-
Business10 hours agoAfter falling more than 20% on its FY25 result, are Inghams shares a buy the dip opportunity?