S&P/ASX 200 slumps 1.40% amid global concerns about new COVID-19 variant
Companies
S&P/ASX 200 slumps 1.40% amid global concerns about new COVID-19 variant
The 10-year U.S. Treasury yield fell as low as 1.25% on Thursday, its lowest point since February, on growing concern about the pace of the global economic recovery. The decline in bond yields could be signalling that the Delta variant may slow growth.
S&P/ASX 200 (INDEXASX:XJO) fell 1.40% to 7,238 points by about 12.55 pm after a rise in COVID-19 cases overnight forced Premier Gladys Berejiklian to tighten restrictions in greater Sydney.
NSW recorded another 44 cases on Friday, the highest daily increase since the latest outbreak began after yesterday’s record of 38.
Rimfire Pacific strengthens board with technical expertise and capital markets experience
The company has appointed Misha Collins as a non-independent, non-executive director while Stefan Ross will serve as company secretary. Collins technical expertise and capital market experience will be a valuable addition to the board.
Rimfire Pacific Mining NL (ASX:RIM) has strengthened its board with technical expertise and capital market experience with the appointment of Misha Collins as a non-independent, non-executive director.
Collins has 23 years of experience in resources as a mining executive, financial analyst and company director.
This includes time with BHP, Bankers Trust, BT Funds Management, ING Australia and most recently as CEO of Cassidy Gold Corporation.
FTSE 100 falls 2% as inflation fears unnerve investors but 3i edges higher
The UK blue chip index stabilises but still shows heavy fall as inflation fears grip global markets
FTSE 100 slumps 144 points
Commodity companies under pressure
11.31am: 3i upbeat despite pandemic
Leading shares may still be under the cosh, but at least things have stabilised a little.
The FTSE 100 is down 143.97 points or 2.06% at 6860.66.
And there are a handful of (marginal) risers apart from Intertek.
It has edged up 0.5% to 1204p after reporting a £1.726bn or 22% return on total shareholder funds.
Chief executive Simon Borrows said: 3i delivered a strong result in 2021 during a period of unprecedented uncertainty and disruption caused by the COVID-19 pandemic. This outcome was supported by the resilient performance of our Private Equity and Infrastructure portfolios, our strong balance sheet and the capabilities of our experienced team.