BUZZ-Australia's Fortescue gains as Jefferies raises PT, rating ** Analysts at Jefferies raise price target on Australia's Fortescue FMG.AX to A$24.30 per share from A$19.50, upgrades rating to "buy" from "hold" ** FMG shares rise as much as 2.2%, their biggest intraday jump since Sept 15 ** Brokerage sees reason to be cautiously optimistic on iron
BREAKINGVIEWS-Lithium merger is charged up by tycoon fever The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Antony Currie MELBOURNE, Sept 27 (Reuters Breakingviews) - A lithium merger is the latest potential transaction to feature a growing trend in Australian dealmaking: interloping tycoons. Three weeks ago, Liontown Resourcesโ LTR.AX board all but backed U.S.
Gold, miners drag Australian shares lower ahead of key inflation print Gold and mining stocks decline CPI inflation data due on Wednesday Gains in financials limit benchmark losses Updates to close By Manvi Pant Sept 26 (Reuters) - Australian shares closed lower on Tuesday dragged by the losses in gold and mining stocks, while caution ahead of headline inflation data later in the week also weighed on sentiment.
Australian shares end higher on tech rally; inflation data in focus Tech, real estate stocks rally Energy stocks end higher reflecting underlying oil prices Miners and banks limit benchmark gains Updates to close By Manvi Pant Sept 25 (Reuters) - Australian shares ended higher on Monday as a rally in technology stocks offset a drag by heavyweight miners and banks on the benchmark, with investors now looking out for local inflation data.
UPDATE 1-Australia's Fortescue to divert carbon offset funds to decarbonisation Adds details of decarbonisation in paragraphs 2-6 Sept 22 (Reuters) - Australia's Fortescue FMG.AX said on Friday it will divert funds that were allocated to carbon offsets towards decarbonisation in a bid to achieve "Real Zero" by 2030 . The world's fourth-largest iron ore miner plans to no longer buy carbon offsets.
