Money

Sydney Airport agrees to multi-billion dollar takeover bid

Published

3 years ago

November 8, 2021

ticker NEWS

Sydney Airport has agreed to a $23 billion dollar takeover bid from an infrastructure investor group

The company says it recommended the buyout offer from Sydney Aviation Alliance, which is made up of Australian investors and US-based Global Infrastructure Partners.

In a statement, Sydney Airport Limited revealed it had entered into an arrangement with an international consortium, which would acquire 100 per cent of the publicly-listed company.

The consortium, named Sydney Aviation Alliance, is comprised of several Australian and international investment and infrastructure funds.

The Sydney Airport board unanimously recommended that shareholders vote in favour of accepting the offer at meetings likely to be held early next year.

Australia’s Competition and Consumer Commission is investigating how the buyout will impact competition.

The commission is due to release its findings next month.

Sydney Airport is the largest, and only listed airport operator in Australia.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

6 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

7 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending