RBNZ’s hawkish surprise saw the Kiwi dollar trade higher through all three sessions yesterday. It also appears to have spurned some profit taking on an (arguably) over-stretched Canadian dollar.
Link (ASX:LNK) share price on watch after receiving PEXA offer James Mickleboro
The
Link Administration Holdings Ltd(ASX: LNK) share price could be one to watch on Friday.
This follows the release of an update on its PEXA business after the market close yesterday.
What did Link announce?
According to the release, Link has received a proposal for its 44.18% stake in the PEXA business from private equity firm Kohlberg Kravis Roberts (KKR). Property listings company
Domain Holdings Australia Ltd (ASX: DHG) is expected to team up with KKR on the deal.
The release explains that KKR’s offer values the PEXA business at $3 billion plus cash on the balance sheet on a 100% basis. PEXA has $126 million of cash on its balance sheet at the end of March.
TPG (ASX:TPG) shares whacked by cyberattack
TPG (ASX:TPG) shares whacked by cyberattack
The telco’s customer data has been exposed, but the company says the damage was isolated with few impacted.
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May 24, 12:02pm AEST
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TPG Telecom Ltd (ASX: TPG)’s cloud-hosting services, chopping down its share price today.
The internet and mobile provider revealed the incident in an announcement to the ASX on Monday morning. TPG shares are down 1.59% at the time of writing, to trade at $4.97.
The attack targeted TPG’s TrustedCloud, which is a product gained from TPG’s 2011 acquisition of IntraPower Limited.
Broker eyes these ASX 200 shares following Federal Budget
Kerry Sun | May 14, 2021 4:51pm |
More on: Image source: Getty Images
The 2021-22 Federal Budget features $1.2 billion in government spending over six years to drive Australia’s digital economy.
Morgan Stanley believes these initiatives support its bullish view of the media sector. Here are some ASX 200 media shares the broker thinks could see upside.
ASX 200 media shares on broker’s radar
Nine Entertainment Co Holdings Ltd (ASX: NEC)
Morgan Stanley observes a relatively small benefit to commercial free-to-air broadcasters from reduced funding for public broadcasters ABC and SBS. The broker reiterated its
overweight rating for Nine shares with a target price of $3.50.