News Articles for ASX

Trading platform Cboe Australia has gained approval from the corporate watchdog to list new companies on its rival exchange, as the ASX faces a sharp slowdown in IPOs.

Greatland Resources managing director Shaun Day has earned more than $8 million amid a rollercoaster start to the company's life on the ASX.

Australia's corporate watchdog has appointed a high-profile panel to investigate the ASX following outages, compliance breaches and a failed blockchain upgrade.

ASIC chair Joe Longo says surveillance in the private credit space has already uncovered “grubby behaviour” as he takes a closer look at the private markets.

The corporate umpire has launched an inquiry into the Australian Securities Exchange following “repeated and serious failures at ASX”.

Australian shares have started the week with a rally after the US softened limited tariffs on China.

Industry leaders insist there's more to be done to promote gender diversity across the board.

Corporate regulators have called on the local bourse to put the “highest priority” on resolving the underlying issues that led to a settlement system failure in 2024.

Less than half of share market floats in 2024 turned a profit, with expectations of another tough year.

ASX-listed partners in an iron ore joint venture 51 per cent owned by Gina Rinehart's Hancock Prospecting have retracted production forecasts.

ASX Limited has been fined more than $1 million after the corporate watchdog found the market operator breached a transparency rule 8,417 times.

With an unlikely background of working for two of WA's “four-on-the-floor” entrepreneurs, Bondy and Holmes a Court, Twigger's Tales (aka Liam Twigger) says the ASX is now punching above its weight globally and casting a long shadow over the TSX and even the LSE when it comes to raising capital for the mining and exploration sector.

The nation's investor landscape is increasingly being made up of women and young people while less Australians are investing in residential property, according to the ASX's latest report.

The local share market has closed in the red for a third straight day, finishing down 0.2 per cent to its lowest close since November 16.

Shares in MetalsX spin out NiCo Resources were up 80 per cent on its ASX listing today, after the nickel company's IPO raised more than $12 million.

The ASX will have to strengthen its governance following ASIC's investigation into a major trading outage that forced the exchange to shut down for a day in November last year.

ASX Trade's outage in November 2020 was caused by the release of a software update which was not ready to go live, an independent review has found.

UPDATED: Australia's share market was a little higher but the market operator has found another problem with data.

Australia's share market has closed lower after Wall Street finished down on economic stimulus concerns, while the dollar crept above 71 US cents.

Two directors and the company secretary of ASX-listed Continental Coal have been charged with breaching their duties, as well as providing false and misleading statements.

Tech stocks and property have led the Australian share market higher as lockdowns eased in New South Wales.

Shares have slipped early on the Australian share market after six consecutive days of gains.

The federal government has temporarily amended continuous disclosure provisions that apply to companies and their officers, citing concern about companies being exposed to opportunistic class actions.

The Australian share market has rebounded from a huge opening fall that came after panic selling smashed global equities markets overnight.

The federal government has announced a $50 million emergency fund to address the loss of wildlife during the nation's bushfire season, as more Australian businesses have pledged millions in combined donations.

ASX200 boards now feature 30 per cent women for the first time ever, according to the Australian Institute of Company Directors, leaving just seven companies in that index without female representation on their board.

The corporate regulator has strongly criticised company directors and lead managers involved in mining IPOs, saying they often have conflicts of interest, favour select clients and are focused on chasing short-term gains.

NAB chairman Ken Henry has survived a protest vote to secure re-election to the board of the ASX despite his reputational flogging at the royal commission.

The corporate regulator has banned a Perth accountant from providing financial services for six years after an investigation found he bought and sold shares for clients so companies could meet the minimum requirement to be listed on the stock exchange.

The National Stock Exchange (NSX) will raise up to $10 million via a share placement, with the funds set go towards establishing a Perth office.

Shares in West Perth-based Skin Elements have fallen 23.3 per cent today to trade at 3.3 cents each, following its response to two ASX queries after trade closed yesterday.

Markets operator ASX Limited has posted a 2.5 per cent lift in full-year net profit to $445.1 million with a strong contribution from its listings service, capital raisings and futures trading.

JPMorgan Australia chairman Robert Priestley has quit the ASX and Future Fund boards as a criminal case progresses against ANZ bank over a capital raising underwritten by the investment bank.

The ASX has announced it will spend $30 million over the next three years to set up an electronic property settlement business with tech company InfoTrack that will compete with sole player PEXA.

The ASX is set to adopt blockchain-based technology for its clearing and settlement process, after announcing today that it would replace the current Clearing House Electronic Subregister System.

Howard Dawson has retired as non-executive chairman of migme. Mr Dawson was associated with the company since its listing on ASX in August 2014.

Pacific Ore has become the latest backdoor listing hopeful to be held up by the corporate watchdog, though several other companies have moved forward with their reverse takeovers.

A Perth-based company that supplies building products and materials has grown its business with the acquisition of a local competitor in an all-scrip deal.

Perth miner Galaxy Resources has announced plans to merge with joint venture partner General Mining Corporation to create a larger lithium-focused company, in a deal worth $216 million.

Online screening and verification company CVCheck has entered the international market through the purchase of New Zealand company Resume Check in a deal worth nearly $2 million.