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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Monday, the Food of July twenty twenty five. I'm

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Speaker 1: Sean Elmer. Every afternoon, we've got the five stories that

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Speaker 1: happened today that you need to know about. Storingum one.

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Speaker 1: The SMPA SEX two hundred closed down slightly today zero

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Speaker 1: point one percent in fact, to eight five hundred and

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Speaker 1: seventy points. The banks were mixed, so to the big miners,

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Speaker 1: it's like investors are on school holidays at the moment.

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Speaker 1: Perhaps they are. It's a pretty good day for the

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Speaker 1: gold stocks. In the back of the geo political uncertainty

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Speaker 1: around the place. Northern Star, Newmont and the Evolution Mining

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Speaker 1: all rows. The same uncertainty hit some of the mid

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Speaker 1: cap tech stocks Zip Appen, Block, NNAC Sonics all Film

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Speaker 1: story number two. There were bits and pieces of corporate

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Speaker 1: news around today. Drone Shield will invest thirteen million dollars

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Speaker 1: in a major new research, development and manufacturing facility, triple

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Speaker 1: the size of its current facility that pushed its share

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Speaker 1: price up as much as twelve percent to a record high.

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Speaker 1: Retail Lesh city Ship Collective said it will make a

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Speaker 1: profit for the last financial year after losing money of

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Speaker 1: the previous year, but the forecast bottom line disappointed investors.

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Speaker 1: Its share price closed down one percent. Henson Technology Is

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Speaker 1: upgraded its underlying profit outlooks, sending its share price up

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Speaker 1: eleven percent. Coal minor Bowen Coching resumed trading on the

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Speaker 1: AX after a three week suspension sparked by growing concerns

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Speaker 1: about its liquidity. Its share price closed up four percent,

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Speaker 1: And finally, Acquari Technology Group said its data center arm

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Speaker 1: has entered into an option to purchase a pace of

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Speaker 1: land for a new data center campus in Sydney. It's

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Speaker 1: share price top ten percent, the best of the top

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Speaker 1: two hundred today. Story number three bidders for Abicus Storage

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Speaker 1: King have up their offer for the group by almost

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Speaker 1: fifteen percent to two point two billion dollars. That was

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Speaker 1: enough to convince the ASX listed company to open its

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Speaker 1: books to the bidders, led by a South African businessman

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Speaker 1: and a Wall Street listed company. In April, Abacus rejected

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Speaker 1: a one dollar forty seven per security bid, saying its

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Speaker 1: portfolio really is valued about a dollar seventy three a share.

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Speaker 1: The latest offer is a dollar sixty five a share.

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Speaker 1: Its share price closed today at a dollar sixty five,

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Speaker 1: so there's still a ways to go there. Apicus owns

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Speaker 1: two hundred and ten self storage sites in Australia and

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Speaker 1: New Zealand, adding to the intrigue. Another storage operator ASX

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Speaker 1: listed National Storage Route, owns nine percent of Abicus. As

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Speaker 1: I said, still a long way to go on that one.

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Speaker 1: Story number four. Diversified Minors South thirty two has put

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Speaker 1: its production guidance under review, flagging an unquantified expense at

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Speaker 1: its Moses aluminium smelter in Mozambique. The problem is getting

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Speaker 1: energy to the mine. Electricity is supplied to Moses under

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Speaker 1: an agreement due to expiring March next year. Now. Historically,

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Speaker 1: the majority of electricity from Moses has been generated in

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Speaker 1: Mozambique by a hydroelectric power generator, which is majority owned

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Speaker 1: by the Mozambacon government. Negotiations over affordable power after March

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Speaker 1: next year is the reason for the warning yesterday and

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Speaker 1: story number five. The fallout from Donald Trump's announcement of

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Speaker 1: tariffs on the European Union continues, with German Chancellor Frederick

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Speaker 1: Mertz saying thirty percent tariffs would hit exporters in Europe's

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Speaker 1: largest economy to the core Mertz is hoping to find

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Speaker 1: a negotiated solution in coming weeks. He said, if the

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Speaker 1: tariffs are introduced, they would overshadow domestic policy in Germany's

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Speaker 1: government may need to postpone parts of its economic policy efforts.

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Speaker 1: The European Union will extend the suspension of trade countermeasures

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Speaker 1: against the US until August one to allow for further talks. However,

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Speaker 1: according to Italy's foreign minister, the EU has already already

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Speaker 1: prepared a list of tariffs on US goods if the

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Speaker 1: two regions fail to reach a deal. Meanwhile, Bloomberg is

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Speaker 1: reporting that the EU will step up its engagement with

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Speaker 1: other countries hit by US tariffs. Both Canada and Japan

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Speaker 1: are included in those plans. That's it for their afternoon

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Speaker 1: report for Monday, the fourteenth of July twenty twenty five.

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Speaker 1: Make sure you follow on the podcast will be back

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Speaker 1: tomorrow morning with a Tuesday edition of Field and Great

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Speaker 1: Business Unions. I'm Sean i Elmer enjoyry